Question: How is it that share repurchases are tax-favored when compared to cash dividends even though the rate of tax paid on dividend income and capital

How is it that share repurchases are tax-favored when compared to cash dividends even though the rate of tax paid on dividend income and capital gains income is the same?

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How is it that share repurchases are tax-favored when compared to cash dividends even though the rate of tax paid on dividend income and capital gains income is the same?

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