TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

A Member of the Law Professor Blogs Network

Saturday, July 17, 2010

Dividends and Capital Gains by Age Group: Seniors Rule

From the Tax Foundation (dividends, capital gains):

2008 Dividend and Capital Gains by Age Group _071610_ 

http://taxprof.typepad.com/taxprof_blog/2010/07/dividends-and.html

Tax, Think Tank Reports | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341c4eab53ef0134857bdc84970c

Listed below are links to weblogs that reference Dividends and Capital Gains by Age Group: Seniors Rule:

Comments

Mutual funds give you cap gain income even when you have real losses.

Posted by: rhhardin | Jul 18, 2010 10:10:36 AM

Is this really valid? I am not a senior citizen, and most of my investments are in retirement accounts where dividends and capital gains would not be reported for tax purposes. Once I retire, that would change.

Posted by: Eric Jablow | Jul 18, 2010 10:22:49 AM

@ Eric,

Yes, it is valid to people who will pay taxes on div/capgains. If your dividends and cap gains are rolled into the fund it makes no difference to you unless they are reported as taxable income and you have to pay the new obama 'fair' tax rates.

Posted by: Rex | Jul 18, 2010 10:51:53 AM

It takes a lifetime to accumulate wealth, unless you are a trust fund baby.

Posted by: William Hamblen | Jul 18, 2010 11:35:29 AM

@ Rex

I think Eric means that these numbers mean nothing because most young people have their investments in retirement accounts which don't report dividends and capital gains to the IRS. So these numbers only reflect non-retirement investments, which most young people have very little.

Posted by: Mark | Jul 18, 2010 11:52:01 AM

You know nowadays it's the old man who's got all the money and a young man?.. ain't got nothing in the world these days! - young man blues

Posted by: Josh | Jul 18, 2010 12:13:17 PM

So the Obama administration's plans to tax the bejeezus out of dividends and capital gains will hit hardest at the demographic which votes in the largest numbers? Interesting. Should be an interesting election.

Posted by: Paul in NJ | Jul 18, 2010 5:34:48 PM