Dividend Tax Hike Coming for 2013
As many of us are aware, unless congress takes action, the top tax rate of dividends will increase from the current 15% to 43.4% next year. That’s a top ordinary income rate of 39.5% plus the 3.8% on investment income as part of Obamacare passed in 2009.
Another good reason for commercial real estate and the potential of doing a 1031 exchange when it comes time to dispose of an investment property.
Smart Money.com – Investment strategies – Preparing for taxes on dividends to increase
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