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New Study: Dividend Tax Hike Will Hurt Millions of Americans At All Income Levels, Particularly ...
Jul 12th 2012, 22:22

To: ENERGY AND NATIONAL EDITORS WASHINGTON, July 12, 2012 /PRNewswire-USNewswire/ -- A sharp increase in dividend tax rates scheduled to take effect January 1 will hurt tens of millions of Americans who rely directly and indirectly on dividends, according to a new study prepared for EEI by the accounting firm Ernst & Young. The analysis shows that a dividend tax hike will impact Americans at all income levels--and older investors who are at or nearing retirement age will likely be hurt the most. Release of the study comes just weeks before an expected House vote on whether to extend the current federal income tax rates, including the tax rate on dividends. "Dividend income benefits millions...

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