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Burton Malkiel: Biden’s Stock Buyback Tax Would Hit the Little Guy


Mutual-fund investors would pay, and the result would be less-efficient allocation of capital. In his State of the Union address last week, President Biden proposed quadrupling the stock buyback tax from 1% to 4% of the value of the stock bought. This proposed increase would have pernicious consequences for efficient capital allocation

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Posted: February 12, 2023 Sunday 12:26 PM