NU Online News Service, Jan. 8, 3:07 p.m. – Massachusetts Mutual Life Insurance Company, Springfield, Mass., is calling for the permanent repeal of Section 809 of the Internal Revenue Code.
Section 809 imposes a complicated formula that makes policyholders who collect dividends from mutual insurers, which are owned by the policyholders, pay more income taxes than shareholders who collect a similar amount of dividends from stock-company insurers.