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Investment Planning


Tax on long-term capital gains

2011 2012
Taxpayers in tax rate brackets greater than 15% 15% 15%
Taxpayers in tax rate brackets 15% or less 0% 0%

Tax on dividends

Maximum tax rate on dividends received by an individual shareholder from domestic and qualified foreign corporations 2011 2012
Taxpayers in tax rate brackets greater than 15% 15% 15%
Taxpayers in tax rate brackets 15% or less 0% 0%

This information, developed by an independent third party, has been obtained from sources considered to be reliable, but Raymond James Financial Services, Inc. does not guarantee that the foregoing material is accurate or complete. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance may not be indicative of future results. Raymond James Financial Services, Inc. does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate professional.

Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, an independent broker/dealer, and are not insured by FDIC, NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2012.