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Since Trump’s 2017 tax law cut the corporate tax rate, America's biggest corporations have spent $4.8 trillion on stock buybacks. The top 10 corporations who bought back the most stock spent FIVE TIMES more on stock buybacks than they paid in taxes. This blew my mind.
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Huge Tax Cuts Used to Enrich Shareholders Rather Than Boost Pay or Investment
4taxfairness.substack.com
Firms Spend $4.8T on Stock Buybacks Since 1st Trump-GOP Tax Law
Robert Reich