From Money Morning:
As Taxmageddon 2013 looms against the back drop of Election 2012 one thing is for certain: upper-income filers will take a hit in 2013 even if no new taxes are imposed, as will owners of some small businesses.
In Part One of our series on the tax outlook for 2013, we described how scheduled tax-law changes will affect capital gains – boosting taxes on long-term profits from 15% to 23.8% for some taxpayers. And, in Part Two, which ran last Thursday, we explained that dividend investors could suffer even more, with some seeing their tax bite rise from the current 15% to as much as 43.4%.
Those changes will have a major impact on individuals and couples in the highest income brackets, who will also see their marginal tax rates rise from 28% to 31%, from 33% to 36% and from 35% to 39.6%, respectively.