Dividend tax hike 'could have been worse'
While President Obama's initial plan to avoid this fiscal cliff called for nearly tripling the dividend tax rate for families making more than $250,000, the fiscal cliff compromise approved by Congress boosts the rate to just 20% from 15% for those earning more than $400,000 a year ($450,000 if married). Wealthy investors will have to pay a higher tax rate on their dividend income as part of the new fiscal cliff deal, but the increase isn't nearly as bad as what it could have been. President Obama's initial plan to avoid this fiscal cliff called for nearly tripling the dividend tax rate for families making more than $250,000. The fiscal cliff compromise approved by Congress late Tuesday night boosts the rate to just 20%, from 15%, for those earning more than $400,000 a year ($450,000 if married).
People:
President Obama
Overall Sentiment: 0.022895
Relevance: 0.808075
Sam Stovall
Overall Sentiment: 0.128237
Relevance: 0.607729
| Sentiment | Quote |
|---|---|
| -0.0535828 | "The increase is much more palatable -- both the rate and the threshold at which it kicks in -- so investors can breathe a sigh of relief," said Sam Stovall, ... |
| 0 | "The increase is much more palatable -- both the rate and the threshold at which it kicks in -- so investors can breathe a sigh of relief," said Sam Stovall, S |
| -0.0256858 | P Capital IQ's chief equity strategist. "It could have been worse." |
| 0.178636 | Stovall expects investors searching for yield this year will continue to benefit from dividend-paying stocks, which will continue to offer "worthwhile investment opportunities" ... |
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Mark Luschini
Overall Sentiment: 0.0504431
Relevance: 0.413791
| Sentiment | Quote |
|---|---|
| -0.131206 | "Companies have been very aggressive with their dividends over the last couple of years, and one of the worries I had was that they would have changed their behavior with a big tax hike," said Luschini. |
| -0.145029 | "Companies have been very aggressive with their dividends over the last couple of years, and one of the worries I had was that they would have changed their behavior with a big tax hike," said Luschini. "But this increase is likely to be fairly inconsequential when in come to management behavior." |
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FinancialMarketIndex: S&P 500
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Organization: Congress
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Relevance: 0.563749
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Overall Sentiment: 0.298801
Relevance: 0.550578
Company: Johnson & Johnson
Overall Sentiment: 0.386312
Relevance: 0.460705
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Company: S&P Capital
Overall Sentiment: -0.0673959
Relevance: 0.420465
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Overall Sentiment: 0.369516
Relevance: 0.402788
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Overall Sentiment: 0.0742693
Relevance: 0.382126
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Company: Best Buy
Overall Sentiment: 0.0971022
Relevance: 0.376303
Company: Oracle
Overall Sentiment: 0.646366
Relevance: 0.334803
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Company: AT&T
Overall Sentiment: 0.718738
Relevance: 0.332367
Facility: Janney Montgomery Scott
Overall Sentiment: 0.0181269
Relevance: 0.407764
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Source URL: Dividend tax hike 'could have been worse'
Dividend tax hike 'could have been worse'
Provided Desc:
Wealthy investors will have to pay a higher tax rate on their dividend income as part of the new fiscal cliff deal, but the increase isn't nearly as bad as what it could have been.
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- 2012
- 2013
- AT&T
- companies
- congress
- dividend tax rate
- dividends
- fiscal cliff deal
- house
- income tax
- jnj
- johnson & johnson
- obama
- republicans
- S&P 500
- Senate
- tax rates
- taxes
- treasury
- yield
Source URL: Dividend tax hike 'could have been worse'
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