“The banking industry earned $40.3 billion in the first quarter, the Federal Deposit Insurance Corp. said Wednesday. That’s the highest ever for a single quarter and up 15.8 percent from the first quarter of 2012, when the industry’s profits were $34.8 billion.”
US banks are earning at a yearly rate of $161.2 billion.
$1091.5 total personal income tax revenue 2012.
Personal income taxes could be lowered by 14.8% if all banking was by a publicly owned national banking system, as recommended by this organization—http://publicbankinginstitute.org/. If bank CEO salaries and perks would be returned to about 40 times the average worker’s salary, it could be a much higher percentage.
Dimon $23.1 billion
Stumph $19.8 billion
Fairbanks $18.7 billion
Pandit $14.1 billion