Note these are corporate profits after taxes.
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I'm an Assistant Professor of Economics at the University of Chicago Booth School of Business and a Faculty Research Fellow at National Bureau of Economic Research (NBER) in the Public economics group. You can follow me on twitter @omzidar.
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owenzidar 
Couldn’t this be interpreted as simply increased globalization, as you’re using domestic GDP but corporate profits from a group of companies which increasingly derive income from overseas?
good question
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Interested to know if this chart represents public corporations or all corporations. As you may know, there has been a major shift away from use of the corporate entity by non-public businesses over the last 20-30 years. There are literally several million non-public businesses which today are organized as LLCs, partnerships and subchapter S “flow through” entities. This huge number of businesses leaving the corporate income and tax roles would have a dramatic effect on any general analysis of “corporate income”.