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According to the Tax Policy Center, the Obama plan provides three times as much tax relief for middle-class families as the McCain plan. [235] Obama's plan includes a temporary "Making Work Pay" program, which gives a tax credit at 6.2% of earned income up to $400 for single workers (making less than $75,000/yr), and an $800 for married couples ...
The top marginal tax rate on income of 39.6%, provided for under the expiration of the 2001 portion of the Bush tax cuts, was retained. This was an increase from the 2003–2012 rate of 35%. [3] The top marginal tax rate on long-term capital gains of 20%, provided for under the expiration of the 2003 portion of the Bush tax cuts, was retained.
The bill was a counter-proposal to the American Recovery and Reinvestment Act of 2009 introduced by President Barack Obama. [1] HR 470 proposes to stimulate the economy without new government spending by implementing a permanent five-percentage point income tax cut for all taxpayers; it also would make permanent current capital gains and dividend tax rates at 15% (current law will allowing ...
The qualified dividend tax rate for tax year 2023 — filing in 2024 — is either 0%, 15% or 20%. ... College savings plan. Additionally, dividends or payouts from a real estate investment trust ...
A combination of cash-rich corporate balance sheets, extremely low borrowing rates, and potential dividend tax hikes have companies shelling out special dividends as 2012 draws to a close. I've ...
Putting your political party preference aside, President Obama's proposed 2013 budget raises some legitimate concerns for all investors who rely on, or simply enjoy, dividend income. Louis ...
In Germany there is a tax of 25% on dividends, known as "Abgeltungssteuer", plus a solidarity tax of 5.5% on the dividend tax. Effectually there is a tax of 26.375%. In Greece there is a tax of 5% on dividends for private persons. In Hong Kong, there is no dividend tax. In Iran there are no taxes on dividends, according to article (105).
High-income residents of New York City and Hawaii would have the highest marginal tax rates in the U.S. if Congress adopts the president's proposal to increase taxes for top earners, according to ...