Funding of the Social Security program has been a growing concern for years now, and new tax law changes for 2013 will target at least one portion of that problem.
Thanks to Taxmageddon 2013, your take home pay is about to shrink.
By Larry D. Spears, Contributing Writer, Money Morning -
Funding of the Social Security program has been a growing concern for years now, and new tax law changes for 2013 will target at least one portion of that problem.
Thanks to Taxmageddon 2013, your take home pay is about to shrink.
By Larry D. Spears, Contributing Writer, Money Morning -
Funding of the Social Security program has been a growing concern for years now, and new tax law changes for 2013 will target at least one portion of that problem.
Thanks to Taxmageddon 2013, your take home pay is about to shrink.
By Larry D. Spears, Contributing Writer, Money Morning -
As Taxmageddon 2013 looms against the back drop of Election 2012 one thing is for certain: upper-income filers will take a hit in 2013 even if no new taxes are imposed, as will owners of some small businesses.
In Part One of our series on the tax outlook for 2013, we described how scheduled tax-law changes will affect capital gains - boosting taxes on long-term profits from 15% to 23.8% for some taxpayers. And, in Part Two, which ran last Thursday, we explained that dividend investors could suffer even more, with some seeing their tax bite rise from the current 15% to as much as 43.4%.
By Larry D. Spears, Contributing Writer, Money Morning -
Every dividend investor loves the arrival of those quarterly distribution checks. But thanks to "Taxmageddon 2013" those checks could get a whole lot smaller.
As things currently stand - with higher tax brackets, no extension of the Bush-era tax cuts and the addition of new levies on higher-income payers to fund Obamacare - the tax bite on some dividend payments could rise from as little as 15% to as high as 43.4%.
By Larry D. Spears, Contributing Writer, Money Morning -
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By Diane Alter, Contributing Writer, Money Morning -
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By Diane Alter, Contributing Writer, Money Morning -
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By Diane Alter, Contributing Writer, Money Morning -
By Don Miller, Contributing Writer, Money Morning -
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