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.
Are you really this dense? Nobody said it was double taxation on ALL earnings. Obviously it is only double taxation on the amount distributed as dividends. Sheesh
YOU JUST DID, when you said the "double tax" burden is around 27.2% + 15% = 42.2% when the actual "double tax" burden taking this oh so "obvious" factor into account, is ~32%.