while corporate profits rose to a record of nearly $2 trillion in the third quarter of last year, the amount of money corporations paid in taxes on that still remarkably low. in fact, as of november it's $132 billion less than government projections for the a profit they are making. so again, here's what corporate profits look like right now, right? they're at a record high. nearly $2 trillion in a single quarter last year. and here's what corporate tax payments look like right now. somehow corporations are making record level profits and they're paying recession-level taxes. must be nice. what have corporations been doing with their windfall record profits and their low, low taxes? they have not been doing record hiring. meanwhile, overall jobless claims are going down, which is a good thing. the record corporate profit numbers have not been matched by record or even particularly brisk corporate hiring. because as corporate profits have risen over the mast year corporations have mostly just been hoarding that cash. they have not been spending it. they have not been putting it into the economy.