Corporate profits

If corporate profits are at an all-time high, why are corporate taxes near their 60-year low?

Apple is a unique company in many ways, but when it comes to the cavernous difference between its historically high profits and relatively low corporate tax rate, the company is no exception. It is a microcosm. In fact, corporate profits have been rising as a share of the economy since the early 1980s…just as the […]

Corporate profits

In defense of high corporate profits

Over the past month, America’s largest companies reported earnings for the first quarter of the year. These quarterly reports provide as much insight into our economy as any of our leading indicators. And these results, if read correctly, once again highlight the bifurcated world we live in. Our gross domestic product is growing at around […]