A stimulating approach

Dividend Tax

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Since President George Bush unveiled his fiscal stimulus package on January 7, the cornerstone of that plan has generated widely differing reactions. The controversy centres on the proposal to exempt dividends from personal income taxes (removing so-called double taxation). The only point of consensus on the subject appears to be that few expect the legislation to pass in its current form. This is one key reason – along with myriad other distractions – why the equity market’s enthusiasm has