US corporate profits after tax 1990 to 2011
from David Ruccio
US corporate profits after tax 1990 to 2011
Leave a comment Cancel reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Real-World Economics Review
WEA Books
follow this blog on Twitter
Top Posts- last 48 hours
- The non-existence of economic laws
- Proper use of math in economics
- USA: The Great Prosperity / The Great Regression : 5 charts
- Cutting-edge macroeconomics …
- The Great Transformation: poverty on a large scale
- In search of radical alternatives
- Weekend read - Blood and Oil in the Orient: A 2023 Update
- RWER issue 56: Egmont Kakarot Handtke
- Macro-economic policy and votes in the thirties: Germany (and The Netherlands) during the Great Depression
- The current state of game theory
"We cannot solve our problems with the same thinking we used when we created them." Albert Einstein
Regular Contributors
Real World Economics Review
The RWER is a free open-access journal, but with access to the current issue restricted to its 25,952 subscribers (07/12/16). Subscriptions are free. Over one million full-text copies of RWER papers are downloaded per year.
WEA online conference: Trade Wars after Coronavirus
Comments on recent RWER issues
————– WEA Paperbacks ————– ———– available at low prices ———– ————- on most Amazons ————-
WEA Periodicals
----- World Economics Association ----- founded 2011 – today 13,800 members
Recent Comments
- energyasnumeraire on The non-existence of economic laws
- yoshinorishiozawa on The non-existence of economic laws
- Guy Dauncey on The non-existence of economic laws
- John Otto de Villiers on Cutting-edge macroeconomics …
- yoshinorishiozawa on Cutting-edge macroeconomics …
- energyasnumeraire on In search of radical alternatives
- CBASILOVECCHIO on Wealth catapulted up
- ghholtham on Basics of Monetary Economies
- ghholtham on Weekend read – Enlightenment epistemology and the climate crisis
- ghholtham on Cutting-edge macroeconomics …
- Jan Milch on The eclipse part wo
- geoffdavies1944 on The eclipse part wo
- Roger C on The eclipse part wo
- David Harold Chester on Chang’s “Edible Economics”
- David Harold Chester on Chicago economics — nothing but pseudo-scientific cheating
Comments on issue 74 - repaired
Comments on RWER issues
WEA Online Conferences
—- More WEA Paperbacks —-
———— Armando Ochangco ———-
Shimshon Bichler / Jonathan Nitzan
————— Herman Daly —————-
————— Asad Zaman —————
—————– C. T. Kurien —————
————— Robert Locke —————-
Guidelines for Comments
• This blog is renowned for its high level of comment discussion. These guidelines exist to further that reputation.
• Engage with the arguments of the post and of your fellow discussants.
• Try not to flood discussion threads with only your comments.
• Do not post slight variations of the same comment under multiple posts.
• Show your fellow discussants the same courtesy you would if you were sitting around a table with them.
Most downloaded RWER papers
- What Is Neoclassical Economics? (Christian Arnsperger and Yanis Varoufakis)
- The housing bubble and the financial crisis (Dean Baker)
- The state of China’s economy 2009 (James Angresano)
- Green capitalism: the god that failed (Richard Smith)
- Debunking the theory of the firm—a chronology (Steve Keen and Russell Standish)
- New thinking on poverty (Paul Shaffer)
- Why some countries are poor and some rich: a non-Eurocentric view (Deniz Kellecioglu)
- Global finance in crisis (Jacques Sapir)
- Trade and inequality: The role of economists (Dean Baker)
Family Links
Contact
follow this blog on Twitter
RWER Board of Editors
Nicola Acocella (Italy, University of Rome) Robert Costanza (USA, Portland State University) Wolfgang Drechsler ( Estonia, Tallinn University of Technology) Kevin Gallagher (USA, Boston University) Jo Marie Griesgraber (USA, New Rules for Global Finance Coalition) Bernard Guerrien (France, Université Paris 1 Panthéon-Sorbonne) Michael Hudson (USA, University of Missouri at Kansas City) Frederic S. Lee (USA, University of Missouri at Kansas City) Anne Mayhew (USA, University of Tennessee) Gustavo Marqués (Argentina, Universidad de Buenos Aires) Julie A. Nelson (USA, University of Massachusetts, Boston) Paul Ormerod (UK, Volterra Consulting) Richard Parker (USA, Harvard University) Ann Pettifor (UK, Policy Research in Macroeconomics) Alicia Puyana (Mexico, Latin American School of Social Sciences) Jacques Sapir (France, École des hautes études en sciences socials) Peter Söderbaum (Sweden, School of Sustainable Development of Society and Technology) Peter Radford (USA, The Radford Free Press) David Ruccio (USA, Notre Dame University) Immanuel Wallerstein (USA, Yale University)
Hmmm….. I wonder, if we could see the lines for real inflation, indexed real wages, consumer spending, permits & building starts, rental values, food prices, oil & gasoline prices, and spot gold prices or the metals index for the same period, would that give us a clearer picture?
Is that where the rich go skiing?
Aren’t “real” profits indexed against a base year (like constant dollars)? If so, shouldn’t nominal and real be close near the beginning of the graph and get farther apart towards the end? Or does “real profits” mean something else?
Here was I thinking corporates were all struggling to survive due to heavy handed regulation and too high taxes if you believe Fox News (which Im sure by now… not many people do).
Id say that graph is the outcome of the Greenspan era…corporates doing just fine thankyou and everyone else, Mum Dad and the kids, Grandma and Grandpa, quietly imploding.
Please reconstruct graph after subtracting out government deficits- not so impressive is it?
What are you talking about Stephen. The reason we had a deficit yearly is BECAUSE corporations only pay 2% taxes on all that profit. If we were to tax them a fair 30%, we’d have to multiply by another .28 and that would have given us over a trillion dollars a year extra in US funds for our budget. So, I’m not so sure you want to account for all they stole in tax deductions for then it means they still made a killing and we would have had money for schools, infrastructure, medical research, Medicare and Social Security (which the government had to borrow trillions from because your apparent corporate friends decided to cheat on paying taxes and won’t pay a penny more than 2%). 2%? You really think that’s fair while the rest of us pay 30%? I don’t!!