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Use the data in the table,, to calculate the tax disadvantage of retained cash in: a. 1994. b. 1976. Year 1971-1978 1979-1981 1982-1986 1987

Use the data in the table,, to calculate the tax disadvantage of retained cash in: a. 1994. b. 1976. Year 1971-1978 1979-1981 1982-1986 1987 1988-1990 1991-1992 1993-1996 1997-2000 2001-2002 2003-2012 2013-2017

Use the data in the table,, to calculate the tax disadvantage of retained cash in: a. 1994. b. 1976. Year 1971-1978 1979-1981 1982-1986 1987 1988-1990 1991-1992 1993-1996 1997-2000 2001-2002 2003-2012 2013-2017 2018-* Top Federal Tax Rates in the United States Interest Average Rate on Income Equity Income 70% 70% 50% 39% 28% 31% 40% 40% 39% 35% Corporate Tax Rate 48% 46% 46% 40% 34% 34% 35% 35% 35% 35% 35% 21% 39.6% 37% 53% 49% 35% 33% 28% 30% 34% 30% 30% 15% 20% 20% Dividends 70% 70% 50% 39% 28% 31% 40% 40% 39% 15% 20% 20% Capital Gains 35% 28% 20% 28% 28% 28% 28% 20% 20% 15% 20% 20%

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