Post by
Reitguy on Dec 05, 2020 5:48pm
1/3 div cut
i see alot of name calling, Ed has steered this ship reasonably well for a very long time. Ive watched a 1/2 dozen interviews with Ed since march and in every single one he left the door open for a dividend cut. How everyone here chose to interpret his words doesn't change anything. 6% still covers the 2.5% loc. Capital gains are taxed less than the distribution so tomatoe tomato until the Gov't changes the tax laws which i expect next year.
Comment by
gashole on Dec 05, 2020 8:45pm
And how do you expect the tax laws to change exactly? Do you think they will change how dividends and capital gains are taxed? That will hurt retirees very badly if they increase tax rates. I don't have a pension my entire retirement is going to be funded by dividend payments from stocks like this one and many others..
Comment by
Reitguy on Dec 05, 2020 9:29pm
your guess is as good as mine but i wouldn't be surprised to see cap gains raised from 50 to 75% or higher. Ive heard discussion of changes to the dividend tax as well. Who knows hopefully status quo.