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Phil,

Thanks much.

Short-term capital gains and nonqualified dividends are taxed as ordinary income.

Ouch.

Qualified dividends are taxed the same as long-term capital gains

To make sure I have this absolutely right then: if two people are in completely different tax brackets but both have a qualified dividend that paid $10 to each and also both had a long term capital gain of $10 both tax payers (even if one is in the 30% range and the other is at 15% tax braket) pay the same amount of taxes on that $20?

Thanks in advance,
VP

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