Originally Posted by bogeydriver

The 6.9% threshold equates to about $2.6B. Given that our first two quarters profit was about $1.8B and assuming our last two quarters (historically better) are around $2B, that puts us about $1.9B above last years profit (last year was $1.9B as I recall). The portion above $2.6B that pays 20% is $1.2B. So, you have to consider the reduction from 15% on the first $2.6 to 10%, which would be more or less offset by the increase of $.6B on the first $2.5B, then add the additonal 20% on the last $1.2B. Bottom line; profit sharing of $285M last year ($1.9B X 15%) vs. $400M this year ($2.6B X 10% + $1.2B X 20%). Clear? I need a drink.