http://links.heritage.org/hostedemail/email.htm?CID=10970667397&ch=F66B956AD2C1331CECDEE980A8D13A31&h=98968d2ef68479b766af174f7360e40b&ei=WQ_qOk8Nd
MITT ROMNEY'S TAXES AND TRUE REFORM
Heritage Foundation -- Morning Bell -- 1/26/2012
As most Americans know, marginal individual income tax rates in America range between 15 and 35 percent. However, Americans making money from investments typically earn dividends. They face a lower rate to reduce the tax barrier to investing and growing businesses. For Americans in the lowest two income brackets, the tax rate on dividends is zero. For all the rest, the dividend tax rate is 15 percent -- hence Romney's rate.
Why do dividends face lower rates than wages or interest income? Because dividends have already faced one full level of tax at the corporate level.
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