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Speaking Federally
Dividends are currently taxed at lower rates than "regular" income. Dividends are currently taxed at 15% (5% for those in the lowest two tax brackets).
These rates are set to expire (and thus increase to a more complex and higher system) mid-season this year (12-31-08) unless an extension was passed that I'm not aware of.
edited to add: the changes to this have been complicated, I believe for 2008 the rate may be 0% for those in the bottom two tax brackets.
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Sprinkles are for winners.
Last edited by Adam; Sun Nov 23, 2008 at 01:15pm.
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