Taxing dividends


http://www.bloomberg.com/news/2011-08-24/kill-business-profit-tax-dock-investors-instead-jonathan-berk.html

This is exactly what I have proposed to do as part of the reforms in New Jersey, except that according to my program there would be a “most favored nation” treatment toward dividend generated through investments in New Jersey.

There would also be a considerably lower dividend tax for retirement accounts and up to an  income threshold, around  $100,000.

New Jersey corporate tax would be 0.

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