Anonymous
If I were to buy an Income stock in the US market do I have to pay tax for its dividends?
If yes, how much? what are some income stocks that I should be looking into in the US market?
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Yes US has a 30% tax on all dividends
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Jonathan Chia Guangrong
21 Dec 2019
SOC at Local FI
Yes there's 30% withholding tax on all dividends. This is deducted before the dividends are credited into your account.
Look into dividend aristocrats and king stocks. These have a record of increasing their dividend payments every year for 25 years or more. Over time, the dividend increases will negate and surpass the withholding tax.
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Wong Ming Yao
20 Dec 2019
Product and Community Associate at 8VIC Global Pte Ltd
Hi,
Yes dividend in US market is taxable for you, 30%.
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Yes you do. It's a 30% withholding tax...
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30% tax. you should be looking at the stock captial increase. The dividends is just a bonus.