Under the Jobs and Growth Tax Relief Reconciliation Act of 2003, currently dividends are subject to a maximum tax rate of 8 percent.

Name: Under the Jobs and Growth Tax Relief Reconciliation Act of 2003, currently dividends are subject to a maximum tax rate of 8 percent.
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

Under the Jobs and Growth Tax Relief Reconciliation Act of 2003, dividends are taxed at the same rate as long-term capital gains, with a maximum tax rate of 20%.