Special Dividends, LOL ! Loving it !!
by James Denison - 11/27/12 6:23 AM
Walmart was the first I believe, but they've set the example and now other companies are piling into it. The plan to put a finger in Obama's eye over his plan to increase taxes on dividends is quite simple. Give them the next dividend due in January early, in this year. Then go a step further and give them a special dividend of next year's dividends and go dividend free for that year. This will put all dividend payments for next year out of Obama's reach, into this year's lower dividend tax rate.
What can happen from this? Well, it would mean even when Obama raises taxes on dividends, they won't be there to tax, and Obama's plan fails. Further, most stocks tend to drop in price following a special dividend because of it's size, and it's likely with a large number of companies doing that, the stock market will slide back down, again making Obama look even worse. Less tax revenue, a falling stock market, cut backs on full time employees to further undermine Obamacare, and Obama begins to look ever more the fool.
Four years of failure, and now it seems Obama's failures are about to escalate. Perhaps the best thing ab out his reelection is that after he's finally through as President, he'll become a curse word in most people's mouths and the electorate will decide to NEVER elect someone like him again.
Hang in there Jimmuh Carter, it won't be too many years before America has someone new to dump on, considered worse for the economy than you even were.