Top 10 Fiscal Cliff Winners
Wealth-X, the ultra high net worth (UHNW) business development solution for Global Private Banks, Luxury Brands, Educational Institutions and Non-Profits, announced the top 10 recipients of special dividends as the U.S. inches closer to the edge of the ‘fiscal cliff’.
American companies have been proactively declaring special dividends before the potential tax hike which could see tax rate
s rise to 43.4%, a result of the 3.8% ObamaCare tax and the maximum capital gain tax of 39.6%.
The list reflects the largest shareholders who represent each of the top 10 highest special dividend-paying companies. In the fourth quarter, the total dividends received by shareholders exceeded US$2.1 billion, which represents savings of US$602 million should tax rates increase.