In
2003, the federal tax rate on corporate
dividends paid to individual taxpayers
was reduced to a maximum rate of 15%.
As
you may know, dividends are taxed twice,
once at the corporate level and again at
the individual taxpayer level. Reducing
this tax was intended to mitigate the double
taxation issue.
If
this reduced tax rate expires in 2010,
you will likely be subject to higher tax
rates, negatively impacting investment
returns.
Click here for more information and sample
letters you may use to contact your representatives.
