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Thursday, December 30, 2010

Tax Rates - Capital Gain Sales and Dividends

Qualified capital gains and dividends currently are taxed at a maximum rate of 15% (zero% for taxpayers in 10 and 15% federal income tax brackets) for 2010.  The 2010 Tax Relief Act continues this treatment for two years, through December 31, 2012.

Qualified dividends, which continue to be eligible for the reduced tax rates, are dividends received from a domestic corporation or a qualified foreign corporation, on which the underlying stock is held for less than  61 days within a specified 121 day period.

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