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In 1994 when Bill Gates started his private foundation, income from dividends was taxed like regular income. You're right it's 15% right now but don't forget t
by lubos 16y ago
In 1994 when Bill Gates started his private foundation, income from dividends was taxed like regular income.
You're right it's 15% right now but don't forget there is new tax law coming into effect pretty much in two weeks that will tax dividends again like regular income.
- gnaritas 16y agoI wasn't aware the new law did that, but I'm pleased to hear it. Now if only they'd do the same with capital gains.