Abstract

http://ssrn.com/abstract=474280
 


 



Dividends Reconsidered


Alan Feld


Boston University - School of Law


Tax Notes, Vol. 101, No. 10, December 1, 2003

Abstract:     
When JGTRRA 2003 reduced the income tax rate on dividends received by individuals to that of net capital gains, Feld explains, it also changed the relative attractiveness of alternative forms of corporate payout. Interest payments on shareholder debt and compensation to shareholder-employees, which generally provide superior returns to individuals, now yield less after-tax benefit in some circumstances than dividend payments. Feld says the change also calls into question the continuing function of a number of code provisions intended to prevent a bailout of corporate earnings at net capital gain rates and whose rules now affect primarily corporate rather than individual shareholders.

Accepted Paper Series


Not Available For Download

Date posted: December 14, 2004  

Suggested Citation

Feld, Alan, Dividends Reconsidered. Tax Notes, Vol. 101, No. 10, December 1, 2003. Available at SSRN: http://ssrn.com/abstract=474280

Contact Information

Alan Feld (Contact Author)
Boston University - School of Law ( email )
765 Commonwealth Avenue
Boston, MA 02215
United States
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