You made a big mistake dummy and also only a limited partner by buying KMP stock. The pass through unitholders in a(MLP)pay all the companys taxes 35% he he. I buy stocks in good strong stable companys like LMT yielding 5% and only pay 15% tax on my dividend he he he. I told you but you would not listen long ago he he again.
Looks like you're the dummy. KMP distributions are classified as RETURN OF CAPITAL. There is no tax due when received. They just reduce your cost basis so you pay if and when you sell. At present, the long-term capital gain rate is 15%...the same rate you pay.