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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. ...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................