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1 Kyle Pomerleau, The United States' High Tax Burden on Personal Dividend Income 1 (2014)

handle is hein.taxfoundation/taxfaaw0001 and id is 1 raw text is: TAXrb
FOUNDATION
Mar. 2014
No. 416

The United States' High Tax Burden
on Personal Dividend Income
By Kyle Pomerleau
Economist
Key Findings
* The combined federal and state top marginal personal dividend
tax rate in the United States is 28.6 percent.
* The United States' top marginal tax rate on personal dividend
income is 9th highest in the OECD and 5 percentage points
higher than average of the 34 member nations.
* Taxpayers in certain states face top marginal rates far higher
than the OECD average; Californian taxpayers face the 6th
highest top marginal rate in the OECD at 33 percent.
* This double tax on corporate profits biases corporate behavior,
leads to lower levels of saving and investment, lower wages, and
slower economic growth.

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