Tuesday, February 28, 2012 10:37:10 AM
More to the point, according to YOU, Intel paid 27.2% tax last year. Shareholders paid an additional 15% tax when those earnings were distributed in the form of dividends. That's 42%+ sucked up by the government, even for those with minimal income.
Precisely.
Now put it to rest will ya?
Precisely wrong.
The 15% tax from shareholders for their dividend income doesn't apply to the entire base of Intel's income that the 27.2% Intel income tax does.
I.e. not every dollar of Intel's earnings are taxed with the additional 15%. You keep saying you agree with this "obvious" fact, but then you keep insisting that the government takes 27.2% + 15% = 42.2% of Intel's earnings, as you JUST DID AGAIN.
After adding what the government takes from Intel's income to what the government takes from shareholders' dividend earnings, the government winds up with ~32% total of Intel's earnings, not 42%.
fpg
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