The Jobs and Growth Tax Relief Reconciliation Act of 2003 significantly reduced the double taxation of dividends.

Name: The Jobs and Growth Tax Relief Reconciliation Act of 2003 significantly reduced the double taxation of dividends.
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The Jobs and Growth Tax Relief Reconciliation Act of 2003 reduced the double taxation of dividends by lowering the tax rate on certain dividend income. Prior to this act, dividends were taxed at both the corporate level and the individual level.