The Jobs Growth Tax Relief Reconciliation Act of 2003 significantly changed the tax treatment of corporate dividends for most taxpayers by dropping the tax rate to the rate applicable on capital gains, which is a maximum rate of 25%.

Question

Quizplus · Accepted Answer

The Jobs Growth Tax Relief Reconciliation Act of 2003 reduced the tax rate on qualified dividends to match the long-term capital gains rate, which was a maximum of 15%, not 25%.

The Jobs Growth Tax Relief Reconciliation Act of 2003 Significantly