Intel Corp (INTC)

[Professor MD]

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%

You missed the point. I was showing an error in your calculation.

The Income “Tax Expense: (4,581.0)” does not represent the tax on the dividend. I’ll let you figure out your mistake.