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Transcript: Aswath Damodaran

The Big Picture

Since 2004, the tax rate on dividends and capital gains is 15 percent, 18 percent, 21 percent. But if you load up your portfolio with those, God only knows what a year or two from now you’re going to be looking at because these companies are going to be forced to cut their dividends. They match up. RITHOLTZ: Right.

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