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November 19, 2012

2013 tax bill may jump for dividend investors

  • Investors have enjoyed historically low rates on investment income since 2003, but those will expire in January unless Congress and the President can agree.
    AP Personal Finance Writer

    BOSTON — What if one of your key sources of income were taxed at three times the rate you pay now?

    That's a realistic possibility next year for high-income investors who own dividend-paying stocks or mutual funds. Dividend investors earning modest income and retirees who count on quarterly payouts could face a higher rate as well.

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