Some North Carolina companies are joining a growing number of U.S. firms paying out early dividends before the end of the year, as tax increases on dividends are seen as likely in 2013.
Dividend tax rates were reduced to 15 percent under the Bush-era tax cuts. But that rate is scheduled to expire in January, and taxes would likely then rise – although no one knows exactly how much yet. Full story here.
More political headlines:
--Four hundred people are expected at a forum Friday in Charlotte about the gridlock in Washington.
--The five-month state probe into Duke Energy’s handling of its merger with Progress Energy ended Thursday with a proposed multimillion-dollar settlement and an agreement that CEO Jim Rogers will step down by the end of 2013.
--Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years.