Dividend Funds Gird for Yearend Tax HikeDavid Bogoslaw
There's no question that income-oriented investors have benefited over the past seven years from the broad tax cuts the Bush Administration implemented in May 2003, which included slashing the tax rate on dividends and capital gains to 15 percent from 39.6 percent. With those lower rates due to expire at the end of 2010, fund managers focused on providing steady and rising income to investors are pondering how they can reduce the inevitable hit to their returns.
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