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Re: dreaminofsailin post# 22488

Friday, 12/08/2006 9:27:13 AM

Friday, December 08, 2006 9:27:13 AM

Post# of 115222
Yes. your Divy should be deposited in your Roth Account. Any reinvestments will still be taxable even if you have signed up for a dividend reinvestment plan. Maximum tax rate for cash dividends is 15% for highest tax bracket of 35%. If you are on the 28% bracket, you will pay 10% tax. if on 15% bracket, you will pay 5% tax IMO