90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Tuesday, December 4, 2012

What Raising Taxes, Avoiding Fiscal Cliff Mean For Average Investors

 

President Barack Obama, flanked by National Governors Association (NGA) Chairman, Delaware Gov. Jack Martell, and NGA Vice Chair, Oklahoma Gov. Mary Fallin, at the White House on Tuesday. President Obama and House Speaker John Boehner will push their positions on the fiscal cliff in separate meetings Tuesday with some of the nation’s governors. (Charles Dharapak/AP)

Oracle is the latest company to pay dividend income early to shareholders because of fear that tax rates may rise next year.

Most dividend income is currently taxed at 15 percent. If the Bush era tax cuts expire, dividend income would count as ordinary income and be taxed at the rate the earner is paying on other income.

While that has led to concerns for some investors, Roberton Williams of the Tax Policy Center told NPR that possible higher rates on investment income will not have a significant effect on most Americans.

Eighty percent of Americans report no income from dividends or long term capital gains, and currently more than half of the tax benefit on investment income goes to the top one-tenth of the top one percent of earners.

Guest:


Please follow our community rules when engaging in comment discussion on this site.
Spotlight

Here & Now resident chef and cookbook author Kathy Gunst shares her list of the best cookbooks of the year.

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

December 17 2 Comments

Atticus Lish’s ‘Preparation For The Next Life’

The author's debut novel centers on an unlikely romance between an Iraq veteran and a Uyghur from China.

December 17 3 Comments

Diagnosing Ear Infections With Your Smartphone

The CellScope Oto is a clip-on gadget that turns a smartphone into an otoscope — the tool doctors use to check out a patient's eardrum.

December 16 Comment

‘Sacred Journeys’ Documents Religious Pilgrimages

In a new documentary series on PBS, Bruce Feiler accompanies Americans on pilgrimages to six of the world's holiest sites.

December 16 4 Comments

Jewish Cuisine — It’s Not Just Chopped Liver

Janna Gur shares some history of Jewish cuisine, as well as three recipes from her new cookbook "Jewish Soul Food."