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To: silverleaf

I get capital gains income from stock dividends.

They are taxed as capital gains at about 15%.

From the IRS.

Effective January 1, 2003, dividends paid by most corporations are taxable as long-term capital gains. The new 15% and 5% capital gains rate applies to qualified dividends.


52 posted on 11/04/2011 8:13:01 AM PDT by KDD (When the government boot is on your neck, it matters not whether it is the right boot or the left.)
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To: KDD

oh, dividends.... Yes, now I remember

I just got a check for $7 and change from my last long term holding, I hope it doesn’t push me into the millionaire tax bracket


54 posted on 11/04/2011 8:22:19 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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