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LeftInTX

(25,364 posts)
8. Here is how they changed at the beginning of the year:
Tue Jun 4, 2013, 12:26 AM
Jun 2013

In 2008–2012, the tax rate on qualified dividends and long term capital gains is 0% for those in the 10% and 15% income tax brackets. Long term capital gain is 15% in upper brackets.

After 2012, dividends will be taxed at the taxpayer's ordinary income tax rate, regardless of his or her tax bracket.
After 2012, the long-term capital gains tax rate will be 20% (0% for taxpayers in the 10% and 15% tax brackets).

So, it did go up.
I don't have a million in stock, so I have no idea how it will effect those living off their dividends. Although it seems pretty fair since we pay income tax on social security.

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