It looks to me that, at least for my case, Federal tax rate on interests almost double the dividends.
Answer by ninasgramma
Interest income is taxed as ordinary income, the same as your wages. Some dividend income, such as from stocks or mutual funds, qualify to be taxed at long-term capital gains rates, which are a maximum of 15%.
Answer by StephenWeinstein
For dividends that are not “qualified”, they are exactly the same. They are not the same for one person as for another person. For example, they can be 10%, 15%, 28%, etc., for different taxpayers. However, for each person, they are exactly the same as each other.
For “qualified” dividends the rate is approximately 10-15% lower. For example, for a person whose tax rate on savings is 10% or 15%, the interest rate on “qualified” dividends would be 0% or 5%, and for a person whose tax rate on savings is 28%, the tax rate on “qualified dividends” would be 15%.