Tax Rate On Dividends Set To Surge 164% After 2010

With tax rates on track to surge next year, it may be time to cash out of dividend-paying stocks, reminds accountant Joe Kristan over at Going Concern. Taxpayers owning C corporation stock might also want to take a bullet, figuratively speaking, this year. That’s because the tax rate on dividends will either leap or soar in 2011. The increase in the dividend rate is a consequence of the scheduled expiration of the 2001 Bush tax cuts after this year.

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