Recent Changes in the Tax Code Have Changed the Taxation

Recent changes in the tax code have changed the taxation of cash dividends and capital gains as follows:

A) cash dividends are taxed at the ordinary rate and all capital gains at a special rate of 50%.
B) all cash dividends and capital gains as ordinary income.
C) capital gains as ordinary income and cash dividends for a stock owned more than 18 months at the special rate of 20%.
D) Short term gains and cash dividends as ordinary income, capital gains earned over less than 18 months at a maximum rate of 28% and capital gains earned over more than 18 months at a 20% rate.