What are the differences other than personal income tax, Finance Basics

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What are the differences other than personal income tax

1. What are the differences, other than personal income tax differences, between a share repurchase and a dividend payment?

2. Are dividend/earnings payout ratios in the 2000s much lower than they were in the 1960s?

3. Are dividend/price ratios in the 2000s much lower than they were in the 1960s?

4. Are net-payout ratios in the 2000s much lower than they were in the 1960s?

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