The tax rate on dividend income is predicted tojumpto as high as 43.4% in 2013, as the Jobs and Growth Tax Relief Reconciliation Act of 2003 expires, returning the top rate to 39.6%, and the 3.8% ObamaCare tax takes effect.
As the young American Dick Fosbury lined up to take his first highjump in the heat of the 1968 Olympic Games in Mexico City, he had reason to feel nervous.