5 Dividend Advantages (Page 3 of 6)
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Dividend Advantage #2: Save Taxes
That's right — you'll pay less taxes on a dividend-paying stock!
In May of 2003, the tax law changed where most dividend payments are taxed at a maximum rate of 15%. Compare that to ordinary income, which could be a lot higher.
So net-net, you could earn MORE income from a dividend-paying stock than you can from a CD.
Did you know you could save on your mutual fund taxes as well? It's more complicated, but it CAN be done. Find out how by clicking here for this article: How to Lower Your Mutual Fund Taxes.
Next: Dividend Advantage #3: Stretch Every Dollar!
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