April 01, 2006

No comment.

Buried in a story about corporate profits in the US in the last quarter of 2005:

Before-tax corporate profits increased 14.4% to an annual rate of $1.48 trillion, or 11.6% of GDP...

It's the largest share of GDP for profits since the second quarter of 1966.

Via MarketWatch.

Posted by Magpie at April 1, 2006 02:04 PM | Economy | Technorati links |

But in 1966 many corporations actually paid taxes on their profits.

Posted by: maidhc at April 1, 2006 09:34 PM