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The Inflation Reduction Act includes a remarkable innovation. If it becomes law in its current form, share buybacks will be taxed at a 1.0 percent rate. This is a huge deal, not only because it taxes money that was often escaping taxation at the individual level, but it is a move away from basing the More 1
The post If We Tax Share Buybacks, Can We Also Tax Stock Returns? 2 appeared first on CounterPunch.org 3 .
This content originally appeared on CounterPunch.org 4 and was authored by Dean Baker.