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CHARTS: Corporate Profits Have Skyrocketed Over Last Three Years

By Travis Waldron on June 1, 2012 at 3:50 pm

"CHARTS: Corporate Profits Have Skyrocketed Over Last Three Years"

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After dipping during the Great Recession, corporate profits have now skyrocketed past their pre-recession levels, Business Insider’s Joe Weisenthal notes. After-tax profits and corporate profits as a share of gross domestic product (GDP) are now higher than they were in the middle of the last decade, after a similar vertical spike. Despite massive profit gains, however, corporations are adding more jobs overseas than they are in the United States and paying one of the lowest effective tax rates in the developed world.


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