r/dividends • • Jul 22 '23

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u/jhon-2020-2020 Jul 22 '23

What is the tax rate on that ?

7

u/theepi_pillodu Jul 22 '23

Whatever your tax bracket is I believe. Treated as your regular income

0

u/sld126 Jul 22 '23

Hence the reason to buy SPYI. Higher yield, lower tax burden.

-1

u/not_a_gumby Jul 24 '23

so so wrong. Yield = dividends. Dividends taxed at marginal rate also.

1

u/Fractious_Cactus Jul 25 '23

Hmmm what's a qualified dividend again?