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The company buying back their stock had to buy it from someone though and that person who sold it is going to pay a tax on any gains from that sale.
by mrep 6y ago
The company buying back their stock had to buy it from someone though and that person who sold it is going to pay a tax on any gains from that sale.
- mikestew 6y agoI bought way too high, so when I sell my AcmeCo stock back to AcmeCo, I’ll get a tax refund! If you want to tax profits, then tax profits. If you want to have cheesy loophole tax avoidance, stock buy-backs might be more your style.