Will the 1% Excise Tax Affect You in 2023? [EP. 182]

Starting next year, the Biden Administration plans on implementing a 1% excise tax on a company that performs a stock buyback or share repurchase. The plan is to raise $74B over the next ten years by enforcing the tax. Will it work, or will companies find another way to return cash to its shareholders?

Resources:

https://www.cnbc.com/2022/08/19/what-stock-buybacks-are-and-how-a-new-tax-affects-your-portfolio.html

https://www.usnews.com/news/business/articles/2022-08-16/companies-facing-first-tax-on-stock-buybacks-in-biden-bill