I'm sure only people making over $250,000 will be subject to this tax, since it's only those rich people that invest.
They're Clipping Your Dividends
William Baldwin, 04.08.10, 08:40 AM EDT
Forbes Magazine dated April 26, 2010
How to duck a 44.6% dividend tax.
If you are a prosperous saver, the federal tax rate on your dividends is about to triple. What are you going to do about it?
You didn't know about this tripling? Pay attention. There has been a great transformation in fiscal policy. Congress has decided to bail out deadbeats and condo flippers, and to finance this generosity by taxing marriage, work and savings. Ashlea Ebeling describes the first two assaults in The Obama Tax Hikes--What to Do. Let's now consider savings--specifically, four ways in which dividend earners will be punished.
Come next January the favorable 15% rate on dividends will expire, making them subject to taxation as "ordinary income." At the same time the maximum rate is kicking up from 35% to 39.6%. The third thing that will happen in 2011 is the resurrection of a rule that ostensibly limits deductions but for the majority of taxpayers is nothing but a boost in their tax bracket. This rule adds 1.2 percentage points to your rate.
In 2013 comes a fourth tax increase: a 3.8% surtax on investment income. Add it up. Dividends that used to be taxed at 15% are set to be taxed at 44.6%....
http://www.forbes.com/forbes/2010/0426/opinions-william-baldwin-obama-dividend-tax-side-lines.html