Seniors to get hurt the most by Obama's dividend tax increase! (Congress, Brown)

[rikoshaprl]

"Americans 65 and older accounted for 42% of dividend income reported to the IRS...So, when Obama suggests raising the tax rate on dividends, he’s taking aim right at your retirement nest egg."
3 Reasons To Fear Obama's Dividend Tax Increase - Forbes

"...the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate. "
Review & Outlook: Obama's Dividend Assault - WSJ.com

[HappyTexan]

They don't want to hear that. It's the 1% that get dividends and those greedy people deserve high taxes.
Don't burst their bubble.

[tinman01]

Ah at last someone posts what the left wing hardliners dont want to discuss. It is not just the hated wealthy Obama is targeting. His sights are also on the middle class who have saved and invested to have a nest egg in their old age. Rather than address the problem that the fed refuses to spend within their means, they want to raise taxes instead.

[jojajn]

Originally Posted by rikoshaprl

"Americans 65 and older accounted for 42% of dividend income reported to the IRS...So, when Obama suggests raising the tax rate on dividends, he’s taking aim right at your retirement nest egg."
3 Reasons To Fear Obama's Dividend Tax Increase - Forbes

"...the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate. "
Review & Outlook: Obama's Dividend Assault - WSJ.com

According to your link:

Americans 65 and older accounted for 42% of dividend income reported to the IRS in 2008,

This was most likely before the big stock market crash of 2008. Do you have something more current, such as four years later?

[HappyTexan]

Originally Posted by jojajn

According to your link:


This was most likely before the big stock market crash of 2008. Do you have something more current, such as four years later?

2009 data but not broken down by age:

Over 62% of filers with dividend income are 50 or older.
Dividends are not typical investments of the elite. They go for capital gains and they shelter their money to avoid taxes.

Dividends have always been the blue/white collar additional income stream in retirement.

https://docs.google.com/viewer?a=v&q...-RkBcaGNUOYzew