What is the tax rate for dividends?

In Florida, the tax rate for dividends is based on the level of income earned by the individual. For people whose taxable income is below $25,000, the tax rate is 0%. This means that no tax is due on dividend income below this amount. For people whose taxable income is between $25,000 to $50,000, the tax rate for dividends is 3.06%. This rate includes all dividends, including ordinary dividends, qualified dividends, and capital-gain dividends. For people whose taxable income is between $50,000 to $75,000, the tax rate is 5.44%. This rate includes all dividends, including ordinary dividends, qualified dividends, and capital-gain dividends. For people whose taxable income is above $75,000, the tax rate is 6.31%. This rate includes all dividends, including ordinary dividends, qualified dividends, and capital-gain dividends. In addition, people who receive dividends from foreign sources may be subject to a different tax rate. In this case, the taxpayer must refer to IRS regulations for the current rate on foreign-source dividends. Therefore, depending on the individual’s level of taxable income, the tax rate for dividends varies from 0% to 6.31%.

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What is the tax rate for dividends?

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