Intel Corp (INTC)

[fastpathguru]

says the guy to claims his Intel dividend tax burden is more than 42%.

That's right. Was the math to difficult for you? 27.2 + 15 = 42.2

27.2% of earnings + 15% of dividend payouts

does not equal

27.2% of earnings + 15% of earnings.

The 15% in taxes ultimately paid on dividend distributions is far smaller than what a real 15% "2nd tax" on Intel's earnings would be.

The 2010 numbers (source):

EBT, INCLUDING UNUSUAL ITEMS: 16,045.0
Income Tax Expense: (4,581.0)
TOTAL DIVIDEND PAID: (3,503.0)

Dividend taxes paid: (3,503.0)*.15 = (525.45)

Your total "double tax" burden on Intel's earnings (i.e. Intel's income tax + taxes paid by shareholders on Intel's dividends) was:

(525.45 + 4581.0) / 16045 = 0.318 = ~32%

Do you get it yet?

fpg