COUNTERPOINT · BY SIZE DECILE — Stock-based compensation is a regressive tax
SBC dilution — Stock comp as a regressive tax — smallest firms diluted hardest.
Russell 3000 by revenue decile: SBC-to-sales is 3.5% in the smallest, 0.5% in the largest; the two smallest deciles diluted holders 8.5% over three years, the two largest were negative (buybacks).
What this page answers
This static page is built to answer searches for COUNTERPOINT · BY SIZE DECILE. It summarizes the live dataset behind the Stock-based compensation is a regressive tax panel and links to the full interactive chart.
Russell 3000 by revenue decile: SBC-to-sales is 3.5% in the smallest, 0.5% in the largest; the two smallest deciles diluted holders 8.5% over three years, the two largest were negative (buybacks). The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.
The plate
Data & Source
Exchange closing prices · Company filings · Robert Shiller · FRED · NBER.
FAQ
Where does this data come from?
History of Market combines public market and macro datasets — exchange closing prices, company filings, Robert Shiller, FRED, NBER, and the UBS Global Investment Returns Yearbook (Dimson–Marsh–Staunton). The exact endpoint for this panel is linked below.
How often is it updated?
Daily-tier datasets refresh after the U.S. market close, with a broader weekly refresh on Sunday. The timestamp shown on this page comes from the JSON payload.
Can I use the data?
Yes, for research and education with attribution to History of Market. Upstream data sources retain their own terms.