Obama wants to RAISE corporate dividend taxes to 64.1%

Discussion in 'Politics' started by healthmyths, Feb 22, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    This totally ignorant President WHO TAKES $100,000 a year in NOL write offs AGAINST his income tax bill as well as the miniscule 14% of income for donations (mind you he tells use we are our "brothers keeper..."
    YET HIS OWN brother lives in a $12/yr Kenya hut!)

    His budget calls for the equivalent of 64% TAXES on dividends!
    President Obama's 2013 budget s proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%.
    Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate.

    Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits. So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax, the total tax on corporate earnings passed
    through as dividends would be 64.1%.

    Review & Outlook: Obama's Dividend Assault - WSJ.com


    YO!!! All you "MIDDLE CLASS 401K holders...(in the millions by the way!!!) WATCH how your dividend yielding companies will DECREASE in value!!)
    AFTER all why put money in high yield dividend generating companies that will investors will have to pay up to 64% taxes!
    With that type of DISINCENTIVE money will MOVE out of stocks that earn dividends!
     

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