Potential changes to the dividend tax is just one of many issues needing investor attention, Evercore Wealth Management portfolio manager Bill Vaughn told CNBC.
"The greater concern from high net worth investors is that tax rates are rising for everything."
"If the Obama administration changed one area, you might see a distorted effect," Vaughn said in the article titled Cloudy Dividend Tax Outlook Yields Confusion. "But we're probably going to see higher effective taxes across many areas."