Posted by taxguru on December 6, 2002
Dividend Reform
Let’s hope Bush is able to eliminate double taxation of corporate profits. That would change some of the dynamics of corporate finance, as pointed out by Larry Kudlow.
As much as I’d like to see a serious move to true capitalism, and the elimination of all taxes on dividend income, I’m not optimistic that such a drastic change will fly with the people who believe that only evil rich people receive dividends. What we are more likely to see is a return of something that I can remember from my earliest days in the tax business. Back in the mid 1970s when I started, each person was allowed up to $100 per year of dividends tax free.
KMK
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