Even though SOME of your share of Intel earnings are "double taxed" at 42.2%, when you take into account the REST of your share of Intel earnings, the government winds up with a really not-too-bad-sounding 32% of your total share of Intel earnings.
I don't think I've ever seen anyone quite as confused as you are.
We have been talking about dividends, not retained earnings. The conversation has been about the earnings that are distributed as dividends. No one is disputing that not all of Intel's earnings are double taxed. Therefore, as a shareholder, I have a stake in those retained earnings and they are not, as yet, double taxed. No one ever said they were.
Who are you arguing with? It's not me.
Jekyll says he understands. Hyde says he pays 42.2% taxes on Intel dividends.