Get the Best Out of Dividend Stocks WITHOUT the Tax Drag

Lots of studies show how dividend stocks out perform non-dividend stocks.  I have actually shared many of these studies right here on this youtube channel. The problem though is that outperformance due to the dividend or actually something else? In this white paper from Meb Faber he shows how you can get Dividend-like performance WITHOUT the tax drag.  https://www.cambriainvestments.com/wp-content/uploads/2017/10/DTAX-10.23.17.pdf