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Paying Dividends: How the President's Tax Plan Will Benefit Individual Investors and Strengthen the Capital Markets: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Financial Services, U.S. House of Representatives, One
OCLC Number: 53310234 Excerpt: ...2 porate investment, we need to reduce the tax rate on the dividends which we receive from corporate stock. Those ...Show synopsisOCLC Number: 53310234 Excerpt: ...2 porate investment, we need to reduce the tax rate on the dividends which we receive from corporate stock. Those dividends are already taxed when the corporation earns income. It is fundamentally un-fair for us to pay more taxes on that income. Another reason we need to end double taxation is to help our seniors live more independent lives. More than half of all dividend income goes to America's seniors, many of whom rely on these checks as a steady source of retirement income. More than nine million seniors would receive an average of $ 991 in tax relief in 2003 if they did not have to pay income tax on those dividends. Maybe there was a day when ending double taxation would have helped a small handful of rich, privileged Americans, but with 84 million individual investors owning stock, those days are over and it is time to bring economic thinking into the 21st century. Our witnesses today will discuss the increases in corporate in-vestment, the hundreds of thousands of new jobs, and the improve-ment in the quality of life for seniors and all individual investors that will result from passing President Bush's proposal to end the double taxation on dividends. But there is yet another reason for ending double taxation of corporate dividends. On December 12, 2001, I co-chaired the first congressional hearing examining cor-porate fraud and mismanagement at Enron. Investigations by law enforcement and by this and other congres-sional committees found that senior Enron management inten-tionally twisted its corporate finances to hide billions of dollars in debt from investors. A massive and detailed report released last month by the bipar-tisan Joint Committee on Taxation shines a special light on Enron management's sordid actions. Part of the report lays out how Enron raised over $ 800 million through hybrid financial instru-ments called tiered preferred securities, which were specifically de-signed to be treated as debt for inc...Hide synopsis
Paying Dividends: How the President's Tax Plan Will Benefit Individual Investors and Strengthen the Capital Markets – Trade paperback
(2010)
by United States Congress House of Represen (Creator)
Description:New. This item is printed on demand. The BiblioGov Project is...New. This item is printed on demand. The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications. In broadening the public understanding of government and its work, an enlightened de.
Description:BRAND NEW PAPERBACK. 7.44 by 10 inches. This book is printed on...BRAND NEW PAPERBACK. 7.44 by 10 inches. This book is printed on demand [allow 1-2 weeks for printing]. (00248 pages) lang=english accessory: no accessory (Paperback )
Description:Good. 1240485638 Used book, in good condition |No supplements |...Good. 1240485638 Used book, in good condition |No supplements | Normal wear to cover and spine | Page markings | Inventory sticker present | Satisfaction guaranteed!
Reviews of Paying Dividends: How the President's Tax Plan Will Benefit Individual Investors and Strengthen the Capital Markets: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Financial Services, U.S. House of Representatives, One
Discussions about Paying Dividends: How the President's Tax Plan Will Benefit Individual Investors and Strengthen the Capital Markets: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Financial Services, U.S. House of Representatives, One
Subjects related to Paying Dividends: How the President's Tax Plan Will Benefit Individual Investors and Strengthen the Capital Markets: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Financial Services, U.S. House of Representatives, One
