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Taxation and Corporate Payout Policy

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NBER2004-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10321
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This paper presents new evidence on how corporate payout policy responds to the differential between the tax burden on dividend income and that on accruing capital gains. It describes the construction of weighted average marginal tax rate series for the period since 1929, and it suggests that the
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2004-02-01
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