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Subject:  Re: Why is Mortgage Debt "Different" Date:  3/8/2014  4:41 PM
Author:  aj485 Number:  308026 of 312534

The maximum tax-rate on dividends received is 15% in the highest income tax bracket.

Kahuna, CFA
Investment Professional
1974 - Present

That ship sailed beginning in 2013.

I would think that an investment professional who touts himself as such would be required to either not give advice on areas out of his expertise, or would have to do more diligence in keeping up with up with the laws that he is giving advice on.

From page 5 of the 2013 Form 1040 instructions (bolding added):

Change in tax rates. The highest tax rate for 2013 is 39.6%. For details, see the 2013 Tax Computation Worksheet or the 2013 Tax Rate Schedules, later.

Tax rate on net capital gain and qualified dividends. The maximum tax rate of 15% on net capital gain and qualified dividends has increased to 20% for some taxpayers. The Qualified Dividends and Capital Gain Tax Worksheet in the line 44 instructions reflects this new, higher rate.

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