Table III.

Maximum tax rates on dividends and capital gains in the USA

YearTax rate on dividends (%)Tax rate on capital gains (%)
1988-199028.0028.00
1991-199231.0028.00
January 1996 to June 199739.6028.00
July 1997 to December 200039.6020.00
January 2001 to December 200139.1020.00
January 2002 to May 200338.6020.00
May 2003 to 201115.0015.00
Source: Elton et al. (2005) and Internal Revenue Service (IRS), USA

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