S&P 500 Index vs. U.S. Corporate Profits After Tax Index

S&P 500 Index vs. U.S. Corporate Profits After Tax Index Do valuations still matter? This chart puts into perspective the wide divergence between the S&P 500 and U.S. corporate profits after tax. Image: Morgan Stanley Research

Corporate Profits After Tax vs. S&P 500

Corporate Profits After Tax vs. S&P 500 Do valuations still matter? The current divergence between the S&P 500 and corporate profits after tax is the widest on record. Image: Real Investment Advice

S&P 500 vs. Corporate Profits After Tax

S&P 500 vs. Corporate Profits After Tax The current divergence between the S&P 500 and corporate profits after tax is the widest on record. It is possible to close the gap “down” with a recession. Image: Real Investment Advice

Where Do State Tax Revenues Come From?

Where Do State Tax Revenues Come From? The most important category of revenue is individual income, followed by general sales. Income taxes paid by corporations rank fourth. Image: howmuch.net

U.S. Corporate Income Tax Rate

U.S. Corporate Income Tax Rate Thanks to Trump’s tax cuts, the median S&P500 company effective tax rate is 19%. Image: Goldman Sachs Global Investment Research

S&P 500 Tax Adjusted EPS vs. Trend

S&P 500 Tax Adjusted EPS vs. Trend Interesting chart showing that S&P 500 tax adjusted earnings are well above the trend in the United States, and have historically preceded earning plunges. Image: J.P. Morgan Asset Management