Quote Originally Posted by Rucker61 View Post
Actually, double taxation on corporate dividends is perfectly legal, and qualified dividends are taxed at the long term capital gains rate. For taxpayers in the 10% and 15% income tax brackets, the Tax Increase Prevention and Reconciliation Act of 2005 ("TIPRA"), signed by both Bush and Obama, the tax rate on dividends was reduced to 0%.

I certainly report my dividend income on my annual tax returns and they count as taxable income.
Your dividends are taxed when you claim them (as you should) as income. The company does not pay taxes on the money they send to you, only the monies they show as profit on their balance sheet at the end of the year, so I am not sure where you are getting double taxation from.