Viewing a single comment thread. View all comments

pullyourfinger t1_jdfvket wrote

interest and dividends tax gets paid by basically no one...

3

tylermm03 t1_jdfx5bl wrote

The exemption is around $2.400 if I can recall. So basically unless you have a lot of money in corporate bonds (I’m guessing treasuries are exempt from I&D tax but don’t quote me on it) or a lot of stock that pays out high dividends, you’re probably not going to owe anything. You might be able to get around it if you get dividends in the form of stock instead of cash but I honestly don’t know.

1