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Kyle Pomerleau clarifies differences in corporate profit measures, noting that the orange line metric includes S corporations, REITs, RICs, and Federal Reserve bank profits, while the blue line measures only C corporation taxes paid.
Pomerleau highlights that the C corporate share of BEA's corporate profits has declined over time and is now close to 60 percent.
Pomerleau has previously examined tax policy issues, including an analysis of how U.S. income tax rules affect gambling and possible reforms in recent research with Alex Durante. He has also indicated that individuals earning between $200,000 and $500,000 are positioned to benefit the most in certain tax scenarios, according to an earlier analysis focused on top earners. These reports provide context for his ongoing commentary on tax and corporate profit measures.