Dissecting the Obama Tax Cuts: Qualified Dividends and Capital Gains
Posted by William Byrnes on December 21, 2010
Why is this Topic Important to Wealth Managers? Yesterday we presented an overview of the Obama Tax Cut provisions that are relevant to wealth managers. Today we begin by taking a closer look at some of the details of those provisions and how they relate to wealth managers and their clients.
Section 102 of The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (HR. 4853)provides for an extension of the regular and minimum tax rates for qualified dividend income and capital gains as were in effect before 2011. The extension will continue for an additional two years.
To understand the impact of this provision of the new bill, it will serve the reader to understand what the regular and minimum tax rates in relation to qualified dividend income as well as capital gains means. Read this complete article at AdvisorFYI
This entry was posted on December 21, 2010 at 05:23 and is filed under Taxation. Tagged: Alternative Minimum Tax, Capital gain, income tax, Qualified dividend, Social Security, tax, Tax cut, Tax rate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.