No. of Recommendations: 1
<<By getting a check for $67,000, it's obvious that you didn't have this stock in a tax deferred account, thus you likely paid income tax on the dividend income. >>

Well, most dividends and Social Security are taxed at reduced rates. And while I have dividend, interest and rental income and Social Security, the standard deduction sharply reduces the taxes I pay as well. Of course, if I were working and adding earned income I'd rapidly start to being gouged by the tax code.

As it is, it's a relatively minor annoyance, and in a good year I may pay no income taxes at all.

Seattle Pioneer
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