A. Yes. The 2003 tax act reduced the maximum federal income tax rate on long-term capital gains and qualified dividends to 15 percent; 5 percent for taxpayers in the regular 10- and 15-percent tax brackets. Originally, the 5 percent figure for lower-income taxpayers was scheduled to fall to zero for 2008 only. But the new 2006 tax act extended the zero percent rate for two more years, through 2010.
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