http://www.nytimes.com/2011/11/26/business/for-companies-the-good-old-days-are-now.html
Corporate profits after taxes were estimated to be $1.56 trillion, at an annual rate, during the quarter, or 10.3 percent of the size of the economy, up from 10.1 percent in the second quarter. Until 2010, the government had never reported even a single quarter in which the corporate share was as high as 9 percent, as can be seen in the accompanying charts.
So corporate profits are the highest as percentage of GDP of all time.
Wage and salary income was only 43.7 percent of G.D.P., the lowest number for any period going back to 1929. That figure first fell below 45 percent in 2009.
And wages being paid by these corporations is at a record low of all time
http://thinkprogress.org/economy/2011/07/05/260535/graph-corporate-tax-second-lowest/
Because they are getting killed with the second lowest taxes in the developed world
In the quarter, corporate taxes amounted to 21 percent of corporate profits, a figure that is lower than in all but two previous periods, the first two quarters of 2009, during the recent recession.
During the half-century from 1960 through 2010, corporate taxes averaged almost 34 percent of net income, so the current figure is about a third lower than average.
And Obama's socialist high taxes that are 21% of profits.
So...We just need to make sure we cut that tax rate 20% across the board as Romney suggests, increase defense spending, and cut the rest of the discretionary budget, and everything will be roses right?
If the corporations were paying higher wages, or if they were FORCED to pay higher wages through a minimum wage increase, it would act as a massive stimulus package.
Corporate profits after taxes were estimated to be $1.56 trillion, at an annual rate, during the quarter, or 10.3 percent of the size of the economy, up from 10.1 percent in the second quarter. Until 2010, the government had never reported even a single quarter in which the corporate share was as high as 9 percent, as can be seen in the accompanying charts.
So corporate profits are the highest as percentage of GDP of all time.
Wage and salary income was only 43.7 percent of G.D.P., the lowest number for any period going back to 1929. That figure first fell below 45 percent in 2009.
And wages being paid by these corporations is at a record low of all time
http://thinkprogress.org/economy/2011/07/05/260535/graph-corporate-tax-second-lowest/
Because they are getting killed with the second lowest taxes in the developed world
In the quarter, corporate taxes amounted to 21 percent of corporate profits, a figure that is lower than in all but two previous periods, the first two quarters of 2009, during the recent recession.
During the half-century from 1960 through 2010, corporate taxes averaged almost 34 percent of net income, so the current figure is about a third lower than average.
And Obama's socialist high taxes that are 21% of profits.
So...We just need to make sure we cut that tax rate 20% across the board as Romney suggests, increase defense spending, and cut the rest of the discretionary budget, and everything will be roses right?
If the corporations were paying higher wages, or if they were FORCED to pay higher wages through a minimum wage increase, it would act as a massive stimulus package.
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