Tell Congress To Stop A Dividend Tax Hike!
Congress passed an important law in 2003 that reduced the maximum federal income tax rate on dividend income to 15 percent. Extended in 2010, the lower tax rate is now scheduled to expire on Dec. 31, 2012, unless Congress acts soon. This means that many of our shareholders will see significant increases in the taxes they have to pay on CenterPoint Energy dividends – some by as much as 189 percent.
Higher tax rates on dividends reduce the attractiveness of the stock of dividend-paying companies like CenterPoint Energy and increase the company’s overall cost of capital. This is a serious issue for a utility like CenterPoint Energy, which invests hundreds of millions of dollars each year in needed energy infrastructure projects, and it is a serious issue for our customers and ratepayers who ultimately bear the higher financing costs for these projects.
Your voice matters in the fight to stop a dividend tax hike!
Please fill out the form on the right to Take Action Now.
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