[quote=dumbrenter]
I get what you are saying but you are saying two different things:
1. the company RoA estimate is such that they do not think they can beat the increase in tax rates in dividends, hence figure it is better to return shareholder money.
[/quote]
This is kinda what I thought he meant. Hopefully he didn’t. It makes no sense. Individual tax rates have no bearing on a corporation’s internal rate of return.
