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If Congress doesn’t act soon, the current tax rates on dividend income will expire at the end of this year—causing taxes to soar by as much as 164% for some taxpayers, at a time when the economy is struggling to recover. Raising taxes on dividend income—even just for higher-income taxpayers—would affect all taxpayers who receive dividends by discouraging investment in dividend-paying companies and potentially lowering dividend payments for everyone. Raising dividend tax rates will impact more than 27 million Americans from all walks of life—not just higher-income taxpayers—and will disproportionately hurt seniors, who rely on dividends to supplement their retirement income. Time is running out! We need your help.
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