Posted: September 23rd, 2016
Consider the following tax rates for 2008:
Ordinary Income Rate: 35%
Capital Gains Rate: 15%
Dividend Rate: 15%
The effective dividend tax rate for a one-year individual investor in 2008 is closest to:
[Hint: T*d = [(Td – Tg) / (1 – Tg)]
20%
15%
35%
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