07-21-2003, 09:00 AM
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 Re: Dividend Tax (state tax rates) I feel your pain... (well, at least 7.5/9 of it :-)... I think that even with dropping bond rates, my Fidelity NY Muni fund reamins quite attractive. "Mark0Young" <mark0young[at]aol.com> wrote in message news:20030720194059.23307.00001509[at]mb-m29.aol.com... - quote - > In article <w3FSa.111648$Io.9565744[at]newsread2.prod.itd.earthlink.net> , "Vin > Miller" <_remove_vin[at]_remove_vinmiller.com> writes: > > How are stock dividends taxed on the state levels for states that have > > income tax (specifically, in my case, New York state...)? I know that the > > federal upper limit on dividend taxation is now 15% rather than 38.6%... but > > I gather that I will still pay 7.5% state tax on the dividends... right? > Presumably you would continue paying 7.5%. The law that the President signed > into law on May 28, 2003, does not affect state taxation issues. > In Oregon, on the other hand, our state income tax maxes out at 9% marginal > income tax rate and dividends, as well as realized capital gains, are taxed at > 9%. > Mark A. Young |
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#-1
07-20-2003, 11:45 PM
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| Re: Dividend Tax (state tax rates) In article <w3FSa.111648$Io.9565744[at]newsread2.prod.itd.earthlink.net> , "Vin Miller" <_remove_vin[at]_remove_vinmiller.com> writes: - quote - > How are stock dividends taxed on the state levels for states that have
Presumably you would continue paying 7.5%. The law that the President signed> income tax (specifically, in my case, New York state...)? I know that the > federal upper limit on dividend taxation is now 15% rather than 38.6%... but > I gather that I will still pay 7.5% state tax on the dividends... right? into law on May 28, 2003, does not affect state taxation issues. In Oregon, on the other hand, our state income tax maxes out at 9% marginal income tax rate and dividends, as well as realized capital gains, are taxed at 9%. Mark A. Young |
| Tags |
| dividend, rates, state, tax |
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