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As one of those elderly dividend taxpayers, I know that abolishing the dividend tax will lower my taxes, but not nearly as much as wealthier taxpayers'.
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Many elderly investors rely on dividends for a good chunk of their retirement income.
Two-thirds of the dividends the elderly receive are paid to the 9percentt of all elderly who have incomes over $100,000.
Overall, the findings suggest that reforms inducing people to postpone retirement are not only important for making pension systems solvent, but with time could also pay a mental health dividend among the elderly and reduce public health care costs.
In fact, only about one elderly household in four receives any dividend income, and only one in eight receives as much as $2,000.
SHIFTING INCOME -- If you support or help support an elderly relative, consider shifting ownership of a dividend-paying stock to the relative.
Abdulwahab's W Financial peddled supposedly secured debt obligations to elderly investors attracted by promises of high dividends.
To give you a sense: the Treasury's example of a "lower income" elderly household was one receiving $2,000 a year in dividend income.
President Bush and Congressional Republicans had hoped to reap political dividends from the law providing drug benefits to the elderly, but many Republicans find themselves on the defensive.
This promises a "demographic dividend", as the number of workers relative to children and the elderly increases.
Children are scarcer, the elderly are not yet numerous, and the country has a bulge of working-age adults: the "demographic dividend".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com