Don’t Increase Taxes on My Dividends!

Here's to all You Savers in America

President Obama has escalated his tax battle with Republicans, submitting a budget that would nearly triple tax rates on dividend income! The proposed increase would boost the top rate on dividend taxes from 15% this year to 43.4% next year. This includes a new proposal to tax dividends at the same rate as regular income-39.6%

For me, this moronic move is a slap in the face to all “middle class” savers who are just trying to build cash flow through their investments-why in the world would you penalize investors for saving and making prudent investment choices? This proposed budget really disgusts me-what about you?

Do you think dividends should be taxed as regular income?

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Dansette