Apple poured over $600 billion into buybacks in the decade to March 31, exceeding Alphabet, Microsoft, and Meta's combined spending.

4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta’s entire market value::Apple poured over $600 billion into buybacks in the decade to March 31, exceeding Alphabet, Microsoft, and Meta’s combined spending.

  • KevonLooney@lemm.eeEnglish
    1130·
    1 year ago

    Because buybacks are already taxed at the normal capital gains tax rate. Targeting stock buybacks is stupid. Just say you want to increase corporate taxes overall. Easier and more effective at raising money.