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1 Kyle Pomerleau, The Tax Burden on Personal Dividend Income across the OECD, 2015 1 (2015)

handle is hein.taxfoundation/txbuoecd0001 and id is 1 raw text is: TAXO FOUNDATION FISCAL FACT June 2015 No. 472 The Tax Burden on Personal Dividend Income across the OECD, 2015 By Kyle Pomerleau Economist Key Findings: * The average combined federal, state, and local top marginal tax rate on dividends in the United States is 28.6 percent - 9th highest in the OECD. * Taxpayers in California face the highest dividend income tax rate in the United States at 33 percent. The U.S. average top marginal tax rate on dividend income of 28.6 percent is 4.5 percentage points higher than the simple average across industrialized nations of 24 percent and 1.5 percentage points higher than the weighted average. * The average tax rate on personal dividend income has increased across the OECD in the past decade. The taxation of dividend income can create a double-tax on corporate income, increases the cost of capital, and reduces investment in the economy. The Tax Foundation is a 501(c)(3) non partisan, non profit research institution founded in 1937 to educate the public on tax policy. Based in Washington, D.C., our economic and policy analysis is guided by the principles of sound tax policy: simplicity, neutrality, transparency, and stability. ©2015 Tax Foundation Distributed under Creative Commons CC BY NC 4.0 Editor, Melodie Bowler Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.org

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