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How do JAGTRRA dividend changes impact my margin accounts?

April 26, 2017accounts changes dividend impact margin

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How do JAGTRRA dividend changes impact my margin accounts?

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A. The Jobs and Growth Tax Relief Reconciliation Act of 2003 reduces the federal tax rate to a maximum of 15% for “qualified dividends” paid to individual shareholders (5% for taxpayers in the two bottom ordinary income tax brackets). Learn more about the potential impact of this legislation on your margin account.