The Jobs and 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 15%.

Question

Quizplus · Accepted Answer

The Jobs and Growth Tax Relief Reconciliation Act of 2003 did indeed change the tax treatment of corporate dividends, lowering the tax rate to the same rate as capital gains, which is a maximum rate of 15%.