Which of the following scenarios does not qualify for the maximum rate of tax on dividends?

The maximum rate of tax on qualified dividends is a significant aspect of tax regulations, specifically designed to incentivize investment in certain entities. To qualify for this beneficial tax treatment, dividends must be received from qualified sources and under specific holding period requirements.

The scenario involving preferred stock held for 75 days does not qualify for the maximum rate of tax on dividends primarily due to the nature of preferred stock itself. Unlike common stock, preferred stock dividends may not always meet the criteria for qualified dividends if the stock does not provide a significant capital appreciation potential or if it has been held for a duration shorter than the required holding period for certain types of dividends.

In contrast, the other scenarios listed involve either dividends from qualified foreign or U.S. corporations or stock holdings that meet the necessary duration for qualifying as part of the maximum tax rate category. For example, dividends from a qualified U.S. corporation or qualified foreign corporation generally qualify for favorable tax treatment. Additionally, the scenario involving a stock held for 68 days could still fall under the required holding period depending on other contextual factors, making it eligible for preferential tax treatment.

Therefore, option D stands out as not qualifying for the maximum tax rate due to the specific characteristics and regulations surrounding preferred stock, especially concerning the holding period