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Above 1 million is still reasonable because companies already paid taxes before they declared dividend payment. 100k and above 2% ? That's double taxation
Tim is correct, it's double taxation. This dividend tax is a 2 tier taxation whereby they will tax you 2% for only the 2nd tier of above 100k, 1st tier of 1 - 100k is exempted. I have to sell some or transfer some to my wife to avoid this tax.