New climate bill will impose an excise tax on stock buybacks

[beardsicles]

“Ds' $73 billion stock buyback tax would impose a 1% tax on all public firms' purchases of their own shares. (A company buying $100B in its stock would pay $1B in taxes.)”

https://twitter.com/jstein_wapo/status/ ... 3780470790

We’ll see if it passes but as written, could change some market incentives.

[JoMoney]

"Proposed" legislation are topics disallowed here.

[sc9182]

"Proposed" legislation are topics disallowed here.

[muffins14]

“Ds' $73 billion stock buyback tax would impose a 1% tax on all public firms' purchases of their own shares. (A company buying $100B in its stock would pay $1B in taxes.)”

https://twitter.com/jstein_wapo/status/ ... 3780470790

We’ll see if it passes but as written, could change some market incentives.

Do you know a company that has recently purchased $100B of their own shares?

[JoMoney]

“Ds' $73 billion stock buyback tax would impose a 1% tax on all public firms' purchases of their own shares. (A company buying $100B in its stock would pay $1B in taxes.)”

https://twitter.com/jstein_wapo/status/ ... 3780470790

We’ll see if it passes but as written, could change some market incentives.

Do you know a company that has recently purchased $100B of their own shares?

https://finance.yahoo.com/news/apples-1 ... 14494.html

[muffins14]

“Ds' $73 billion stock buyback tax would impose a 1% tax on all public firms' purchases of their own shares. (A company buying $100B in its stock would pay $1B in taxes.)”

https://twitter.com/jstein_wapo/status/ ... 3780470790

We’ll see if it passes but as written, could change some market incentives.

Do you know a company that has recently purchased $100B of their own shares?

https://finance.yahoo.com/news/apples-1 ... 14494.html

I assume there is only one company that has done this, and that almost all companies are below $100B market cap

[JoMoney]

“Ds' $73 billion stock buyback tax would impose a 1% tax on all public firms' purchases of their own shares. (A company buying $100B in its stock would pay $1B in taxes.)”

https://twitter.com/jstein_wapo/status/ ... 3780470790

We’ll see if it passes but as written, could change some market incentives.

Do you know a company that has recently purchased $100B of their own shares?

https://finance.yahoo.com/news/apples-1 ... 14494.html

I assume there is only one company that has done this, and that almost all companies are below $100B market cap

Very few households had incomes at a level that qualified for the income tax when that was introduced...

[Mel Lindauer]

This thread is locked. Forum rules do not allow discussion of proposed legislation.