Capstone surpasses 400 million mark
Capstone Associated Services has passed $400 million in approved dividends for its administered captive insurers.
Stewart Feldman, CEO and general counsel for Capstone, said: “The so-called 'Bush tax cuts' passed by Congress in 2001 and 2003 expire at the end of this year. Without further action by Congress, federal income tax rates increase on 1 January 2013."
"As a result, many of our clients have directed Capstone to apply for dividends out of excess regulatory assets while the qualifying dividend rates are at an attractive 15 percent. And the dividends are free of Medicare taxes which begin in January on investment income.”