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CORPORATE PROFITS IN A BUBBLE! PAID CORPORATE TAXES NEAR LOWS

Federal Reserve Bank Units (FRBUs), or if you like better, Federal Reserve Buying Units are what circulate goods and services in the U.S.A. and elsewhere on earth.

In ELECTRICITY PRICES. SHOCKING, ISN'T IT? THANKS, NIXON, I explain that Richard Nixon, then president of the U.S., through Executive Order 11615, closed the gold window, which put Americans on fiduciary bank credits as money system and thus the world on a floating exchange rate scheme for international trade settlement. It is these fiduciary bank credits which constitute Federal Reserve Bank Units.

In INFLATION REVEALED! "REAL GDP" AND FEDERAL RESERVE BANK UNITS, I reveal how using the FRBU deflator give the best measure of inflation. 

As can be see with your eyes, both before-tax and after-tax corporate profits are in a bubble.

Between Q3 1971 and Q4 2001, the before tax profit averaged $130.20 billion in GWD, the after tax profit averaged $87.85 GWD and the taxes paid averaged $43.36 billion GWD. The taxes paid to after tax profit ratio was a whopping 49.35%!

Since Q1 2002,  the before tax profit average $211.28 billion in GWD, the after tax profit average $161.10 billion GWD and the taxes paid averaged $50.18 billion GWD. The taxes paid to after tax profit ratio was a 31.15%

Average after tax profit has grown 83.38% and taxes paid as grown 15.7% while before tax profit has grown 61%.

Corporate Taxes, in billions Gold Window Dollars (GWDs) using FRBU-deflator