This is what tax cuts and buy backs look like.
"Return of Capital to Shareholders
For the full year of 2018, Mastercard repurchased approximately 26.2 million shares at a cost of $4.9 billion and
paid $1.0 billion in dividends. "
"During the fourth quarter of 2018, Mastercard repurchased approximately 4.4 million shares at a cost of $888
million and paid $259 million in dividends. Quarter-to-date through January 30, the company repurchased an
additional 4.0 millionshares at a cost of$773 million, which leaves $6.0 billionremaining undercurrent repurchase
program authorizations. "