Friday, July 9, 2010

Geithner indicates good news on taxes for capital gains and dividends

Treasury Secretary Timothy Geithner said the White House wants to keep the top tax rate on dividends and capital gains at a proposed 20%.

The rate is 15%, so 20% would be a large increase, but it would be less than the 39.6% rate congressional Democrats want for dividends.

The Wall Street Journal

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