Corporate profits for 2010 were at an all-time high according to the BEA.
Profits from current production increased 29.2% in 2010, in contrast to a decrease of 0.4% in 2009. Domestic profits increased 37.0%, compared with an increase of 6.4%. The rest-of-the-world component of profits increased 8.9%, in contrast to a decrease of 14.3%.
Taxes on corporate income increased 63.4% in 2010, in contrast to a decrease of 17.3% in 2009. Profits after tax with inventory valuation and capital consumption adjustments increased 20.4%, compared with an increase of 5.1%. Dividends increased 1.9%, in contrast to a decrease of 9.9%; current-production undistributed profits increased 67.3%, compared with an increase of 81.3%.
For just Q4 2010, which is reported in annualized figures, we also have a record of $1.678 trillion dollars with an after tax profit of $1.250 trillion.