Friday, February 10, 2012
Without action by Congress, the tax rates on dividends and capital gains are set to increase significantly on January 1, 2013. Even with the expiring tax rate reductions enacted in 2003, the United States currently imposes among the highest integrated tax rates on dividends and capital gains on corporate profits among developed nations. This study compares the tax rates on dividends and capital gains in the United States to those imposed by other developed countries and discusses the policy concerns that have caused other countries to impose lower tax rates on capital gains and dividends. ...
Taking into account both the corporate and investor level taxes on corporate profits and state level taxes, the United States has among the highest integrated tax rates among developed countries and these integrated tax rates will rise sharply in 2013: The current top US integrated dividend tax rate of 50.8% will rise to 68.6% in 2013, significantly higher than in all other OECD and BRIC countries. The current top US integrated capital gains tax rate of 50.8% will rise to 56.7% in 2013, the second highest among OECD and BRIC countries.
- Bloomberg, Corporate Coalition Says Obama Investment Taxes Near World High
- The Hill, Tax Code Must Encourage Investment to Spur Growth and Create Jobs