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Statistics of Income Bulletin, Spring, 2008
Table 3. Number of Individual Income Tax Returns, Income, Exemptions
and Deductions, Tax, and Average Tax, by Size of Adjusted Gross Income,
Tax Years 2003-2005
[All figures are estimates based on samples--money amounts are in
thousands of dollars except as indicated]
Number of returns
Size of adjusted
gross income
2003 2004 2005
(1) (2) (3)
Total 130,423,626 132,226,042 134,372,678
No adjusted gross income [1] 1,813,840 1,854,886 1,761,041
$1 under $1,000 1,710,663 1,767,390 1,741,077
$1,000 under $3,000 4,899,842 4,812,040 4,846,314
$3,000 under $5,000 5,087,124 5,091,014 4,889,025
$5,000 under $7,000 5,064,951 4,789,612 4,878,808
$7,000 under $9,000 5,103,627 5,010,688 4,850,757
$9,000 under $11,000 4,972,862 4,813,678 4,745,452
$11,000 Under $13,000 4,644,450 4,619,552 4,742,849
$13,000 under $15,000 4,719,522 4,558,080 4,532,055
$15,000 under $17,000 4,655,029 4,598,321 4,611,777
$17,000 under $19,000 4,459,546 4,504,928 4,367,978
$19,000 under $22,000 6,318,493 6,160,471 6,288,654
$22,000 under $25,000 5,692,051 5,722,762 5,642,356
$25,000 under $30,000 8,541,753 8,512,113 8,738,106
$30,000 under $40,000 13,957,258 13,915,453 13,940,404
$40,000 under $50,000 10,452,445 10,571,409 10,618,507
$50,000 under $75,000 17,372,492 18,047,126 18,351,037
$75,000 under $100,000 9,542,599 10,119,515 10,449,989
$100,000 under $200,000 8,878,643 9,735,569 10,810,367
$200,000 under $500,000 1,999,016 2,348,163 2,737,802
$500,000 under $1,000,000 356,140 433,145 524,506
$1,000,000 under $1,500,000 81,695 103,964 127,925
$1,500,000 under $2,000,000 34,016 45,104 56,615
$2,000,000 under $5,000,000 48,278 65,548 84,070
$5,000,000 under $10,000,000 11,168 15,835 21,431
$10,000,000 or more 6,126 9,677 13,776
Adjusted gross income or deficit
Size of adjusted
gross income
2003 2004
(4) (5)
Total 6,207,108,793 6,788,805,130
No adjusted gross income [1] -80,477,587 -86,318,215
$1 under $1,000 954,013 984,991
$1,000 under $3,000 9,777,515 9,793,284
$3,000 under $5,000 20,307,229 20,318,047
$5,000 under $7,000 30,293,817 28,729,457
$7,000 under $9,000 40,745,684 39,981,535
$9,000 under $11,000 49,836,139 48,205,019
$11,000 Under $13,000 55,628,362 55,322,510
$13,000 under $15,000 66,114,003 63,779,262
$15,000 under $17,000 74,401,429 73,531,516
$17,000 under $19,000 80,240,246 81,105,296
$19,000 under $22,000 129,399,460 126,011,160
$22,000 under $25,000 133,640,924 134,278,064
$25,000 under $30,000 234,588,964 233,540,422
$30,000 under $40,000 484,774,627 482,760,301
$40,000 under $50,000 467,518,980 473,380,843
$50,000 under $75,000 1,065,749,827 1,109,616,155
$75,000 under $100,000 820,884,076 872,398,173
$100,000 under $200,000 1,170,179,856 1,288,319,611
$200,000 under $500,000 576,309,296 676,794,600
$500,000 under $1,000,000 241,211,330 293,369,864
$1,000,000 under $1,500,000 98,875,460 125,552,749
$1,500,000 under $2,000,000 58,497,902 77,754,757
$2,000,000 under $5,000,000 142,219,690 194,470,800
$5,000,000 under $10,000,000 76,311,438 108,191,995
$10,000,000 or more 159,126,112 256,932,933
Size of adjusted Personal exemptions
gross income and total deductions
2005 2003
(6) (7)
Total 7,422,495,663 2,238,949,953
No adjusted gross income [1] -85,463,023 8,675,128
$1 under $1,000 965,633 9,910,991
$1,000 under $3,000 9,721,344 31,077,061
$3,000 under $5,000 19,509,743 41,910,540
$5,000 under $7,000 29,202,872 47,745,987
$7,000 under $9,000 38,715,024 53,643,139
$9,000 under $11,000 47,451,175 56,589,271
$11,000 Under $13,000 56,894,461 54,874,304
$13,000 under $15,000 63,524,448 57,758,092
$15,000 under $17,000 73,840,131 59,112,693
$17,000 under $19,000 78,617,916 58,750,540
$19,000 under $22,000 128,779,518 84,710,975
$22,000 under $25,000 132,412,213 78,328,558
$25,000 under $30,000 239,954,731 122,775,717
$30,000 under $40,000 483,976,301 213,265,987
$40,000 under $50,000 475,518,617 181,704,244
$50,000 under $75,000 1,127,666,344 359,053,564
$75,000 under $100,000 900,479,216 244,048,161
$100,000 under $200,000 1,430,580,576 295,030,870
$200,000 under $500,000 788,882,363 93,872,172
$500,000 under $1,000,000 355,220,796 28,534,605
$1,000,000 under $1,500,000 154,799,533 10,580,317
$1,500,000 under $2,000,000 97,512,430 6,038,155
$2,000,000 under $5,000,000 250,611,839 14,117,760
$5,000,000 under $10,000,000 146,846,621 7,809,742
$10,000,000 or more 376,274,843 19,031,382
Size of adjusted
gross income
2004 2005
(8) (9)
Total 2,359,861,118 2,542,462,832
No adjusted gross income [1] 9,328,549 9,179,786
$1 under $1,000 10,716,508 11,170,254
$1,000 under $3,000 30,432,889 31,970,722
$3,000 under $5,000 41,395,297 40,388,212
$5,000 under $7,000 45,069,558 46,717,866
$7,000 under $9,000 52,766,531 52,986,696
$9,000 under $11,000 55,587,385 55,467,845
$11,000 Under $13,000 56,458,759 59,184,532
$13,000 under $15,000 57,684,267 58,090,244
$15,000 under $17,000 59,722,085 61,915,775
$17,000 under $19,000 59,605,274 59,878,268
$19,000 under $22,000 84,290,194 88,502,307
$22,000 under $25,000 79,677,101 81,169,150
$25,000 under $30,000 122,805,010 130,106,001
$30,000 under $40,000 215,492,251 224,426,890
$40,000 under $50,000 184,621,322 192,338,404
$50,000 under $75,000 381,425,867 400,417,790
$75,000 under $100,000 262,607,828 279,443,967
$100,000 under $200,000 326,060,860 377,417,890
$200,000 under $500,000 111,781,085 132,822,152
$500,000 under $1,000,000 33,453,478 42,108,871
$1,000,000 under $1,500,000 12,904,342 16,522,298
$1,500,000 under $2,000,000 7,839,873 9,766,863
$2,000,000 under $5,000,000 18,613,228 24,288,273
$5,000,000 under $10,000,000 10,354,672 14,074,276
$10,000,000 or more 29,166,907 42,107,503
Taxable income [2]
Size of adjusted
gross income 2003 2004
(10) (11)
Total 4,200,218,439 4,670,165,637
No adjusted gross income [1] 0 0
$1 under S1,000 8,626 9,691
$1,000 under $3,000 276,350 289,949
$3,000 under $5,000 333,635 340,921
$5,000 under $7,000 1,876,190 1,796,890
$7,000 under $9,000 3,568,174 3,392,909
$9,000 under $11,000 7,286,496 6,675,881
$11,000 under $13,000 10,881,335 10,408,324
$13,000 under $15,000 16,085,533 14,476,845
$15,000 under $17,000 20,146,006 19,767,376
$17,000 under $19,000 25,175,830 25,136,857
$19,000 under $22,000 47,896,951 45,497,638
$22,000 under $25,000 57,639,442 56,725,067
$25,000 under $30,000 114,185,800 113,029,248
$30,000 under $40,000 273,848,438 269,409,156
$40,000 under $50,000 286,911,458 290,236,146
$50,000 under $75,000 707,527,353 729,503,069
$75,000 under $100,000 577,227,012 610,458,963
$100,000 under $200,000 875,871,197 962,802,185
$200,000 under $500,000 482,851,392 565,602,397
$500,000 under $1,000,000 212,835,816 260,116,504
$1,000,000 under $1,500,000 88,369,158 112,688,920
$1,500,000 under $2,000,000 52,503,976 69,942,269
$2,000,000 under $5,000,000 128,218,696 176,063,515
$5,000,000 under $10,000,000 68,513,593 97,901,784
$10,000,000 or more 140,179,982 227,893,131
Total income tax
Size of adjusted
gross income
2005 2003
(12) (13)
Total 5,137,165,874 748,017,488
No adjusted gross income [1] 0 78,578
$1 under S1,000 6,673 16,345
$1,000 under $3,000 379,934 25,999
$3,000 under $5,000 454,185 30,614
$5,000 under $7,000 1,692,642 187,811
$7,000 under $9,000 3,076,344 334,350
$9,000 under $11,000 6,342,304 630,750
$11,000 under $13,000 10,121,981 971,360
$13,000 under $15,000 14,122,879 1,406,837
$15,000 under $17,000 19,169,320 1,785,236
$17,000 under $19,000 23,483,891 2,245,211
$19,000 under $22,000 45,011,283 4,367,181
$22,000 under $25,000 54,231,809 5,281,191
$25,000 under $30,000 113,233,998 11,036,040
$30,000 under $40,000 263,351,029 29,737,819
$40,000 under $50,000 285,012,457 34,635,213
$50,000 under $75,000 730,304,487 94,256,193
$75,000 under $100,000 621,931,963 84,253,116
$100,000 under $200,000 1,054,728,764 163,342,407
$200,000 under $500,000 657,160,850 120,711,552
$500,000 under $1,000,000 313,445,881 60,180,642
$1,000,000 under $1,500,000 138,339,811 25,551,466
$1,500,000 under $2,000,000 87,812,010 15,316,006
$2,000,000 under $5,000,000 226,492,549 36,905,426
$5,000,000 under $10,000,000 132,899,011 19,314,636
$10,000,000 or more 334,359,818 35,416,509
Percentage of
returns
showing no
no total
income tax
Size of adjusted
gross income
2004 2005 2003 2004
(14) (15) (16) (17)
Total 831,976,333 934,835,769 31.8 32.6
No adjusted gross income [1] 86,064 133,370 99.8 99.8
$1 under S1,000 726 486 95.8 95.2
$1,000 under $3,000 22,658 34,346 92.6 92.3
$3,000 under $5,000 31,691 37,962 92.1 94.1
$5,000 under $7,000 171,582 161,280 72.3 70.1
$7,000 under $9,000 311,163 293,083 70.6 72.2
$9,000 under $11,000 555,337 524,789 49.8 53.4
$11,000 under $13,000 921,669 904,949 49.6 50.8
$13,000 under $15,000 1,244,855 1,208,101 48.7 51.5
$15,000 under $17,000 1,733,670 1,668,868 47.7 49.1
$17,000 under $19,000 2,264,302 2,063,414 43.1 42.8
$19,000 under $22,000 4,023,617 4,013,294 39.8 41.3
$22,000 under $25,000 5,091,570 4,884,863 36.3 38.1
$25,000 under $30,000 10,675,321 10,707,197 28.7 31.3
$30,000 under $40,000 28,213,040 27,284,638 15.1 18.9
$40,000 under $50,000 33,915,520 32,877,219 7.5 10.4
$50,000 under $75,000 92,955,349 92,824,047 2.0 3.9
$75,000 under $100,000 85,557,202 85,986,486 0.6 1.0
$100,000 under $200,000 175,205,533 189,468,358 0.2 0.2
$200,000 under $500,000 139,227,163 159,395,393 0.1 0.1
$500,000 under $1,000,000 71,339,306 84,700,059 0.1 0.1
$1,000,000 under $1,500,000 31,072,424 38,052,580 0.1 0.1
$1,500,000 under $2,000,000 19,435,625 23,941,620 0.1 0.1
$2,000,000 under $5,000,000 47,962,105 60,871,637 0.1 0.1
$5,000,000 under $10,000,000 25,756,272 34,529,011 0.1 0.1
$10,000,000 or more 54,202,568 78,168,719 0.2 0.1
Returns showing
total income tax
Average tax (whole dollars)
Size of adjusted
gross income
2005 2003 2004 2005
(18) (19) (20) (21)
Total 32.6 8,412 9,337 10,319
No adjusted gross income [1] 99.7 17,377 18,890 27,319
$1 under S1,000 95.8 229 9 7
$1,000 under $3,000 90.8 72 61 77
$3,000 under $5,000 94.0 76 105 129
$5,000 under $7,000 70.5 134 120 112
$7,000 under $9,000 73.5 223 223 228
$9,000 under $11,000 54.1 253 247 241
$11,000 under $13,000 51.0 415 406 390
$13,000 under $15,000 50.6 582 563 539
$15,000 under $17,000 49.4 733 740 715
$17,000 under $19,000 45.3 884 879 863
$19,000 under $22,000 40.9 1,149 1,113 1,080
$22,000 under $25,000 39.2 1,457 1,437 1,423
$25,000 under $30,000 33.0 1,812 1,825 1,828
$30,000 under $40,000 20.3 2,508 2,500 2,457
$40,000 under $50,000 12.2 3,582 3,582 3,526
$50,000 under $75,000 4.7 5,536 5,357 5,307
$75,000 under $100,000 1.2 8,882 8,538 8,324
$100,000 under $200,000 0.4 18,432 18,028 17,597
$200,000 under $500,000 0.2 60,453 59,350 58,339
$500,000 under $1,000,000 0.2 169,166 164,839 161,826
$1,000,000 under $1,500,000 0.2 313,177 299,098 298,155
$1,500,000 under $2,000,000 0.2 450,683 431,280 423,783
$2,000,000 under $5,000,000 0.2 765,117 732,235 725,829
$5,000,000 under $10,000,000 0.2 1,730,613 1,627,363 1,615,166
$10,000,000 or more 0.3 5,792,690 5,604,070 5,695,999
Size of adjusted Tax as a percentage of AGI
gross income
2003 2004 2005
(22) (23) (24)
Total 13.0 13.3 13.6
No adjusted gross income [1] [3] [3] [3]
$1 under $1.000 26.7 1.0 0.7
$1,000 under $3,000 4.0 2.7 5.6
$3,000 under $5,000 1.7 0.8 1.0
$5,000 under $7,000 2.3 1.4 1.3
$7,000 under $9,000 2.7 2.0 2.0
$9,000 under $11.000 2.5 2.8 2.7
$11,000 under $13.000 3.5 3.9 3.7
$13,000 under $15,000 4.1 4.6 4.7
$15,000 under $17.000 4.6 6.0 5.8
$17,000 under $19.000 4.9 6.9 6.0
$19,000 under $22.000 5.6 4.7 5.0
$22,000 under $25.000 6.2 2.4 2.3
$25,000 under $30.000 6.6 8.5 6.9
$30,000 under $40.000 7.2 7.2 7.1
$40,000 under $50.000 8.0 8.0 7.9
$50,000 under $75.000 9.0 8.7 8.6
$75,000 under $100.000 10.3 9.9 9.7
$100,000 under $200,000 14.0 13.6 13.3
$200,000 under $500,000 21.0 20.6 20.2
$500,000 under $1,000,000 25.0 24.3 23.9
$1,000.000 under $1,500,000 25.9 24.8 24.6
$1,500.000 under $2,000,000 26.2 25.0 24.6
$2,000.000 under $5,000,000 26.0 24.7 24.4
$5,000.000 under $10,000,000 25.3 23.8 23.6
$10,000,000 or more 22.4 21.1 20.9
Footnotes
[1] In addition to low-income taxpayers, this size class (and others)
includes taxpayers with "tax preferences," not reflected in "adjusted
gross income" or "taxable income," which are subject to the
"alternative minimum tax" (included in "total income tax"), defined in
Table 1, footnote 34.
[2] "Adjusted gross income" (AGI) minus "personal exemptions and total
deductions" will not equal "taxable income" because the total of
deductions and exemptions could exceed AGI and, therefore, includes
amounts that could not be used in computing "taxable income."
[3] Not computed.
NOTES: Detail may not add to totals because of rounding. All amounts
are in current dollars. Most of the data are subject to sampling error.
Tax law and tax form changes affect the year-to-year comparability of
the data. Percentages shown in this table are based on dollar amounts
rounded to the units indicated in the specific table heading.
Therefore, they may not be as precise as percentages based on the
fuller dollar amounts found in tables contained in the source
publications or articles which underlie the historical tables presented
in this section of the Bulletin.
SOURCE: Statistics of Income--Individual Income Tax Returns,
appropriate years.
Table 4. Comparison of Personal Income in the National Income and
Product Accounts (NIPA) with Adjusted Gross Income (AGI), for Specified
Tax Years, 1995-2005
[All figures are estimates--money amounts are in billions of
dollars]
Income and adjustment 1995 2000 2002
items
(1) (2) (3)
Personal income (per NIPA) [1] 6,152.3 8,429.7 8,881.9
Less: Portion of personal income 2,234.2 2,971.3 3,243.9
not included In AGI
Nontaxable transfer payments 797.5 9620.0 1,126.5
Employer contributions to
employee pension
and insurance funds 493.6 609.9 745.1
Imputed income [2] 186.7 265.8 294.8
Investment income of life
insurance carriers and
pension plans 369.1 497.3 432.0
Investment income received
by nonprofit institutions or
retained by fiduciaries 60.0 75.6 60.0
Net differences in accounting
treatment (NIPA vs. IRS) 83.8 159.4 146.0
Other excluded or tax-exempt
income 243.4 401.4 439.5
Plus: Portion of AGI not included in
personal income 841.7 1,667.1 1,338.9
Personal contributions for
social insurance 268.8 359.2 384.8
Net gain from the sale
of assets 167.4 645.4 236.4
Taxable pensions 293.2 414.2 462.7
Small business corporation
income 79.2 128.2 138.5
Other types of income 33.2 120.0 116.5
Equals: BEA-derived adjusted
gross income 4,759.8 7,125.4 6,976.8
Adjusted gross income, IRS 4,189.4 6,365.4 6,033.6
Adjusted gross income (AGI) gap [3] 570.4 760.1 943.2
AGI gap as a percentage of
BEA-derived AGI 12.0 10.7 13.5
AGI of IRS as a percentage of
BEA-derived AGI 88.0 89.3 86.5
Income and adjustment 2003 2004 2005
items
(4) (5) (6)
Personal income (per NIPA) [1] 9,163.6 9,727.2 10,301.1
Less: Portion of personal income 3,368.7 3,575.8 3,662.4
not included In AGI
Nontaxable transfer payments 1,187.3 1,262.4 1,350.1
Employer contributions to
employee pension
and insurance funds 815.6 868.5 927.7
Imputed income [2] 271.6 274.1 208.4
Investment income of life
insurance carriers and
pension plans 429.2 435.3 492.1
Investment income received
by nonprofit institutions or
retained by fiduciaries 55.8 62.1 63.7
Net differences in accounting
treatment (NIPA vs. IRS) 142.0 157.3 43.0
Other excluded or tax-exempt
income 467.2 516.2 577.4
Plus: Portion of AGI not included in
personal income 1,440.0 1,735.1 2,069.7
Personal contributions for
social insurance 396.5 420.5 445.7
Net gain from the sale
of assets 294.0 476.2 671.7
Taxable pensions 491.4 522.7 560.00
Small business corporation
income 148.60 195.1 250.7
Other types of income 109.4 120.6 141.6
Equals: BEA-derived adjusted
gross income 7,234.9 7,886.4 8,708.4
Adjusted gross income, IRS 6,207.1 6,788.8 7,422.5
Adjusted gross income (AGI) gap [3] 1,027.8 1,097.6 1,285.9
AGI gap as a percentage of
BEA-derived AGI 14.2 13.9 14.8
AGI of IRS as a percentage of
BEA-derived AGI 85.8 86.1 85.2
[1] Reflects changes made to data as part of the 2003 Comprehensive
Revision of the National Income and Product Accounts (NIPAs). For
details of this revision, see the Bureau of Economic Analysis Web site
at http.//www.bea gov/bea/dn/2003benchmark/CR2003content him.
[2] Consists of imputed rental income of owner-occupied nonfarm
dwellings (less actual rental income and subsidies); services to
individuals furnished without payment by certain financial
intermediaries; premium supplements to individuals for property and
casualty insurance; farm products consumed on farms; food furnished to
employees, including military and domestic service; clothing issued
to military personnel; employee's lodging; and imputed income of
individuals participating in the construction of their own
housing.
[3] Consists of income earned by low-income individuals who are
required to file income tax returns, of unreported income that is
included in the NIPA measure, and of errors and omissions which
comprise items in the portion of personal income not included in AGI
and the portion of AGI not included in personal income. Also includes
the net effect of errors in the IRS adjusted gross income and NIPA
personal income measures. Such errors can arise from the sample used
by the IRS to estimate AGI and from the source data used by BEA
to estimate personal income (per NIPA).
NOTES: Detail may not add to totals because of rounding. All amounts
are in current dollars. Tax law and tax form changes affect the
year-to-year comparability of the data.
SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis,
National Income and Product Accounts (NIPAs). Table 7.19: Comparison
of Personal Income in the National Income and Product Accounts with
Adjusted Gross Income as Published by the Internal Revenue Service.
This table appears periodically in the Survey of Current Business
and can also be accessed online at
http://www.bea.gov/dn/nipaweb/index.asp.
Table 5. Personal Income and Total Adjusted Gross Income Based on
Individual Income Tax Returns per National Income and Product
Accounts (NIPA), Tax Years 1950-2005
[All figures are estimates--money amounts are in billions of dollars]
Total Difference
Tax Personal adjusted Percentage of
year income gross income Amount personal
(per (AGI) [2,3] income [2,3]
NIPA) (per NIPA)
[1,2] [1,2,3]
(1) (2) (3) (4)
1950 229.0 202.5 26.5 11.6
1951 258.0 229.3 28.7 11.1
1952 275.4 241.6 33.8 12.3
1953 291.9 256.1 35.8 12.3
1954 294.5 257.3 37.2 12.6
1955 316.1 278.7 37.4 11.8
1956 339.6 299.4 40.2 11.8
1957 358.7 312.6 46.1 12.9
1958 369.0 315.8 53.2 14.4
1959 392.8 341.8 51.0 13.0
1960 411.5 354.0 57.5 14.0
1961 429.0 368.0 61.0 14.2
1962 456.7 390.0 66.7 14.6
1963 479.6 411.0 68.6 14.3
1964 514.6 443.9 70.7 13.7
1965 555.7 480.6 75.1 13.5
1966 603.9 521.2 82.7 13.7
1967 648.3 551.3 97.0 15.0
1968 712.0 605.6 106.4 14.9
1969 778.5 659.8 118.7 15.2
1970 838.8 696.4 142.4 17.0
1971 903.5 742.8 160.7 17.8
1972 992.7 824.5 168.2 16.9
1973 1,110.7 925.0 185.7 16.7
1974 1,222.6 1,003.5 219.1 17.9
1975 1,335.0 1,046.8 288.2 21.6
1976 1,474.8 1,168.0 306.8 20.8
1977 1,633.2 1,296.1 337.1 20.6
1978 1,837.7 1,466.4 371.3 20.2
1979 2,062.2 1,654.1 408.1 19.8
1980 2,307.9 1,830.3 477.6 20.7
1981 2,591.3 2,016.3 575.0 22.2
1982 2,775.3 2,098.6 676.7 24.4
1983 2,960.7 2,225.6 735.1 24.8
1984 3,289.5 2,472.6 816.9 24.8
1985 3,526.7 2,631.6 895.1 25.4
1986 3,722.4 2,853.2 869.2 23.4
1987 3,947.4 3,121.1 826.3 20.9
1988 4,253.7 3,411.9 841.8 19.8
1989 4,587.8 3,649.7 938.1 20.4
1990 4,878.6 3,798.4 1,080.2 22.1
1991 5,051.0 3,856.8 1,194.2 23.6
1992 5,362.0 4,092.0 1,270.0 23.7
1993 5,558.5 4,245.4 1,313.1 23.6
1994 5,842.5 4,473.7 1,368.8 23.4
1995 6,152.3 4,759.8 1,392.5 22.6
1996 6,520.6 5,144.5 1,376.1 21.1
1997 6,915.1 5,578.0 1,337.1 19.3
1998 7,423.0 6,120.2 1,302.8 17.6
1999 7,802.4 6,553.5 1,248.9 16.0
2000 8,429.7 7,125.4 1,304.3 15.5
2001 8,724.1 7,005.0 1,719.1 19.7
2002 8,881.9 6,976.8 1,905.1 21.4
2003 9,163.6 7,234.9 1,928.7 21.0
2004 9,727.2 7,886.4 1,840.8 18.9
2005 10,301.1 8,708.4 1,592.7 15.5
Footnotes
[1] See Table 4 for the differences between "personal income" and
"adjusted gross income" (AGI).
[2] Reflects changes made to data as part of the 2003 Comprehensive
Revision of the National Income and Product Accounts (NIPAs). For
details of this revision, see the Bureau of Economic Analysis Web
site at http://www.bea.gov/bea/dn/2003benchmark/CR2003content.htm.
[3] Data for years 1987 and after are not comparable to pre-1987
data because of major changes in the definition of "adjusted gross
income" (AGI).
NOTES: Detail may not add to totals because of rounding. All amounts
are in current dollars. Most of the data are subject to sampling
error. Tax law and tax form changes affect the year-to-year
comparability of the data. Percentages shown in this table are based
on dollar amounts rounded to the units indicated in the specific
table heading. Therefore, they may not be as precise as percentages
based on the fuller dollar amounts found in tables contained in the
source publications or articles which underlie the historical tables
presented in this section of the Bulletin.
SOURCE: Data on "personal income" and "adjusted gross income" (AGI)
(per NIPAs) are from U.S. Department of Commerce, Bureau of Economic
Analysis, National Income and Product Accounts (NIPAs), Table 7.19:
Comparison of Personal Income in the National Income and Product
Accounts with Adjusted Gross Income as Published by the Internal
Revenue Service. This table appears periodically in the Survey of
Current Business and can also be accessed online at:
http://www.bea.gov/bea/dn/nipaweb/index.asp.
Table 6. Total Adjusted Gross Income Estimated From National Income
and Product Accounts (NIPA) and as Reported on Individual Income
Tax Returns per Statistics of Income (SOI), Tax Years 1950-2005
[All figures are estimates--money amounts are in
billions of dollars]
Adjusted gross Difference
income (AGI)
Tax year Total Reported Percentage
(per NIPA) on tax Amount [2] of total
[1] returns (per NIPA) [2]
(per SOI)
[2]
(1) (2) (3) (4)
1950 202.5 179.1 23.4 11.6
1951 229.3 202.3 27.0 11.8
1952 241.6 215.3 26.3 10.9
1953 256.1 228.7 27.4 10.7
1954 257.3 229.2 28.1 10.9
1955 278.7 248.5 30.2 10.8
1956 299.4 267.7 31.7 10.6
1957 312.6 280.3 32.3 10.3
1958 315.8 281.2 34.6 11.0
1959 341.8 305.1 36.7 10.7
1960 354.0 315.5 38.5 10.9
1961 368.0 329.9 38.1 10.4
1962 390.0 348.7 41.3 10.6
1963 411.0 368.8 42.2 10.3
1964 443.9 396.7 47.2 10.6
1965 480.6 429.2 51.4 10.7
1966 521.2 468.5 52.7 10.1
1967 551.3 504.8 46.5 8.4
1968 605.6 554.4 51.2 8.5
1969 659.8 603.5 56.3 8.5
1970 696.4 631.7 64.7 9.3
1971 742.8 673.6 69.2 9.3
1972 824.5 746.0 78.5 9.5
1973 925.0 827.1 97.9 10.6
1974 1,003.5 905.5 98.0 9.8
1975 1,046.8 947.8 99.0 9.5
1976 1,168.0 1,053.9 114.1 9.8
1977 1,296.1 1,158.5 137.6 10.6
1978 1,466.4 1,302.4 164.0 11.2
1979 1,654.1 1,465.4 188.7 11.4
1980 1,830.3 1,613.7 216.6 11.8
1981 2,061.3 1,772.6 243.7 12.1
1982 2,098.6 1,852.1 246.5 11.7
1983 2,225.6 1,942.6 283.0 12.7
1984 2,472.6 2,139.9 332.7 13.5
1985 2,631.6 2,306.0 325.6 12.4
1986 2,853.2 2,481.7 371.5 13.0
1987 3,121.1 2,773.8 347.3 11.1
1988 3,411.9 3,083.0 328.9 9.6
1989 3,649.7 3,256.4 393.3 10.8
1990 3,798.4 3,405.4 393.0 10.3
1991 3,856.8 3,464.5 392.3 10.2
1992 4,092.0 3,629.1 462.9 11.3
1993 4,245.4 3,723.3 522.1 12.3
1994 4,473.7 3,907.5 566.2 12.7
1995 4,759.8 4,189.4 570.4 12.0
1996 5,144.5 4,536.0 608.5 11.8
1997 5,578.0 4,969.9 608.1 10.9
1998 6,120.2 5,416.0 704.2 11.5
1999 6,553.5 5,855.5 698.0 10.7
2000 7,125.4 6,365.4 760.0 10.7
2001 7,005.0 6,170.6 834.4 11.9
2002 6,976.8 6,033.6 943.2 13.5
2003 7,234.9 6,207.1 1,027.8 14.2
2004 7,886.4 6,788.8 1,097.6 13.9
2005 8,708.4 7,422.5 1,285.9 14.8
[1] Reflects changes made to data as part of the 2003 Comprehensive
Revision of the National Income and Product Accounts (NIPAs)--For
details of this revision, see the Bureau of Economic Analysis Web
site at http//www.bea.gov/bea/dn/2003benchmark/CR2003content htm.
[2] Data for years 1987 and after are not comparable to pre. 1987 data
because of major changes in the definition of adjusted gross income
(AGI).
NOTES: Detail may not add to totals because of rounding. All amounts
are in current dollars. Most of the data are subject to sampling
error. Tax law and tax form changes affect the year-to-year
comparability of the data. Percentages shown in this table are based
on dollar amounts rounded to the units indicated in the specific
table heading. Therefore, they may not be as precise as percentages
based on the fuller dollar amounts found in tables contained in the
source publications or articles which underlie the historical tables
presented in this section of the Bulletin.
SOURCE: Data on "adjusted gross income" (AGI) (per NIPAs) are from
US Department of Commerce, Bureau of Economic Analysis.
National Income and Product Accounts IN IPAs), Table 7 19 Comparison
of Personal Income in the National Income and Product Accounts with
Adjusted Gross Income as Published by the Internal Revenue Service.
This table appears periodically in the Survey of Current Business
and can also be accessed online at
http://www.bea.gov/bea/dn/nipaweb/index-asp.
Data on adjusted gross income (AGI) (per SOI) are from Statistics
of Income-Individual Income Tax Returns, appropriate years
Table 7. Standard, Itemized, and Total Deductions Reported on
Individual Income Tax Returns, Tax Years 1950-2005
[All figures are estimates based on samples--number of returns
in millions; money amounts are in billions of dollars]
Total deductions Standard
Total deduction
Tax year number As a Number
of Amount percentage of Amount
returns [1] of adjusted returns [4]
(1) (2) gross (AGI) [3] (5)
[2] (3) (4)
1950 53.1 21.9 12.2 42.7 12.0
1951 55.4 25.2 12.5 43.9 13.3
1952 56.5 27.3 12.7 43.7 13.7
1953 57.8 29.8 13.0 43.4 14.2
1954 56.7 30.7 13.4 41.0 13.3
1955 58.3 33.6 13.5 40.9 13.6
1956 59.2 36.4 13.6 40.3 13.8
1957 59.8 39.5 14.1 39.3 13.8
1958 59.1 40.7 14.5 37.9 13.2
1959 60.3 45.4 14.9 37.3 13.4
1960 61.0 48.4 15.3 36.5 13.1
1961 61.5 51.3 15.6 35.8 12.9
1962 62.7 54.8 15.7 35.8 13.1
1963 63.9 59.2 16.1 35.4 13.1
1964 65.4 67.0 16.9 38.0 20.2
1965 67.6 71.4 16.6 39.3 20.6
1966 70.2 76.4 16.3 41.2 21.8
1967 71.7 81.7 16.2 41.5 22.1
1968 73.7 91.3 16.5 41.3 22.1
1969 75.8 101.8 16.9 40.5 21.6
1970 74.3 120.5 19.1 38.4 32.4
1971 74.6 139.9 20.8 43.5 48.1
1972 77.6 166.4 22.3 50.2 69.8
1973 80.7 180.6 21.8 52.2 73.6
1974 83.3 195.5 21.6 53.2 76.1
1975 82.2 233.2 24.6 55.5 100.9
1976 84.7 247.6 23.5 58.2 113.8
1977 86.6 276.2 23.8 58.8 137.7
1978 89.8 304.3 23.4 59.5 139.8
1979 92.7 333.0 22.7 60.7 148.8
1980 93.9 364.0 22.6 59.5 146.0
1981 95.4 401.2 22.6 58.7 144.7
1982 95.3 425.2 23.0 56.9 140.2
1983 96.3 448.7 23.1 56.2 138.5
1984 99.4 499.6 23.3 56.7 139.5
1985 101.7 554.7 24.1 57.0 145.0
1986 103.0 611.3 24.6 56.5 151.0
1987 107.0 607.2 21.9 69.1 215.2
1988 109.7 686.0 22.3 76.5 289.6
1989 112.1 740.4 22.7 79.3 309.4
1990 113.7 789.9 23.2 80.6 331.5
1991 114.7 818.8 23.6 81.3 351.1
1992 113.6 848.5 23.4 80.1 366.5
1993 114.6 872.5 23.4 80.8 382.1
1994 115.9 890.8 22.8 81.9 397.1
1995 118.2 941.0 22.5 83.2 413.6
1996 120.4 998.6 22.0 84.0 426.1
1997 122.4 1,062.5 21.4 84.8 441.7
1998 124.8 1,135.9 21.0 85.6 459.5
1999 127.1 1,205.3 20.6 85.8 464.0
2000 129.4 1,293.2 20.3 85.7 470.8
2001 130.3 1,366.4 22.1 84.2 467.0
2002 130.1 1,390.1 23.0 82.7 477.2
2003 130.4 1,457.6 23.5 84.6 539.9
2004 132.2 1,559.2 23.0 84.0 545.1
2005 134.4 1,702.6 22.9 84.8 580.7
Itemized deductions
Tax year Number of
returns Amount
[3] [5]
(6) (7)
1950 10.3 9.9
1951 11.6 11.9
1952 12.8 13.6
1953 14.4 15.6
1954 15.7 17.4
1955 16.9 20.0
1956 18.5 22.6
1957 20.2 25.7
1958 20.8 27.5
1959 22.5 32.0
1960 24.1 35.3
1961 25.3 38.4
1962 26.5 41.7
1963 28.2 46.1
1964 26.9 46.8
1965 27.9 50.7
1966 28.6 54.6
1967 29.8 59.6
1968 32.0 69.2
1969 34.9 80.2
1970 35.4 88.2
1971 30.7 91.9
1972 27.0 96.7
1973 28.0 107.0
1974 29.6 119.4
1975 26.1 122.3
1976 26.0 133.9
1977 22.9 138.5
1978 25.8 164.4
1979 26.5 184.2
1980 29.0 218.0
1981 31.6 256.4
1982 33.4 284.5
1983 35.2 309.6
1984 38.2 358.9
1985 39.8 405.0
1986 40.7 447.1
1987 35.6 392.0
1988 31.9 395.2
1989 32.0 431.0
1990 32.2 458.5
1991 32.5 467.7
1992 32.5 481.9
1993 32.8 490.4
1994 33.0 493.7
1995 34.0 527.4
1996 35.4 572.5
1997 36.6 620.8
1998 38.2 676.5
1999 40.2 741.4
2000 42.5 822.4
2001 44.6 884.5
2002 45.6 898.0
2003 43.9 901.9
2004 46.3 998.2
2005 47.8 1,121.8
[1] Sum of standard and itemized deductions, plus charitable
contributions deduction reported on standard deduction returns for
Tax Years 1982-1986. Amount of total deductions for 1950-1957 was
estimated by Joseph A Pechman, The Brookings Institution, using his
estimate of the standard deduction for these years (see footnote 4)
plus the total for itemized deductions published in Statistics of
Income-Part 1 for 1950-1953 and Statistics of Income-Individual
Income Tax Returns for 1954-1957 Starting with 1958, total
deductions were obtained directly from Statistics of Income-Individual
Income Tax Returns Deductions exclude amounts shown as statutory
adjustments in Table 1. For Tax Years 1987-1988, total deductions also
include the -zero bracket amount' reported on a small number of returns
(see footnote 4). It includes total deductions as reported by
taxpayers, even d the total exceeded adjusted gross income (AGI) and,
therefore, could not be used.
[2] See Table 5 footnote 3,
[3] Series revised., starting with the spring 1997 Bulletin to exclude
from the standard deduction statistics the relatively small number of
returns with no adjusted gross income and no deductions. Previously,
these returns were classified as if they showed a standard deduction.
For the 1977-1986 statistics, the standard deduction is the
"zero bracket amount" (reported on returns with only a "zero bracket
amount".) Such an amount was also included for a small number of
returns for 1987-1988 (see footnote 4) For years in which the zero
bracket amount' was in effect, frequencies shown for standard deduction
returns were derived by subtracting the number reporting an income tax
liability, but no itemized deductions. from the total of all returns.
For 1950-1952, returns with itemized deductions include the small
number of returns with no deductions and, for 1950-1954, the small
number with no income, regardless of whether or not deductions were
itemized. For later years, returns in these two categories were
excluded from all the deduction statistics in this table.
[4] Amount of standard deduction for 1950-1957 was estimated by Joseph
A Pechman, The Brookings Institution, on the basis of the distribution
of the number of returns by income class and marital status in
Statistics of Income-Part 1 for 1950-1953 and Statistics of
Income-Individual Income Tax Returns for 19541957. and, starting with
1958, was obtained directly from Statistics of Income-Individual
Income Tax Returns It represents the 'zero bracket amount' for
1977-1986 Starting with 1987, it represents the sum of "basic" and
"additional" standard deductions (for age 65 or over and for
blindness), also includes the zero bracket amount' reported on the
small number of prior-year returns filed in 1988-1989 that were
included in the 1987-1988 statistics as proxies for returns due but
not received
[5] For 1977-1986, total itemized deductions are before subtraction
of the zero bracket amount. Starting with 1991, total itemized
deductions are after statutory limitation (see Table 1, footnote 25).
NOTES Detail may not add to totals because of rounding, All amounts
are in current dollars, Most of the data are subject to sampling error
Tax law and tax form changes affect the year-to-year comparability of
the data, Percentages shown in this table are based on dollar amounts
rounded to the units indicated in the specific table heading
Therefore, they may not be as precise as percentages based on the
fuller dollar amounts found in tables contained in the source
publications or articles which underlie the historical tables presented
in this section of the Bulletin.
SOURCE: Except as indicated in footnotes 1 and 4, Statistics of
Income-Individual Income Tax Returns and unpublished tables,
appropriate years Data referred to in footnote 4 which are attributed
to Joseph A. Pechman are from Pechman 1987, Federal Tax Policy, fifth
edition, The Brookings Institution. See also "General notations and
statements," preceding the footnotes section.
Table 8. Personal Income per National Income and Product Accounts
(NIPA), and Taxable Income and Individual Income Tax per Statistics of
Income (SOI), Tax Years 1950-2005
[All figures are estimates--money amounts are in billions of dollars]
Taxable income (per
SOI) [3]
Personal
income As a
Tax year (per Amount percentage of
NIPA) [1,2] personal income
(1) (2) (3)
1950 229.0 84.3 36.8
1951 258.0 99.2 38.4
1952 275.4 107.2 38.9
1953 291.9 114.3 39.2
1954 294.5 115.3 39.2
1955 316.1 128.0 40.5
1956 339.6 141.5 41.7
1957 358.7 149.4 41.7
1958 369.0 149.3 40.5
1959 392.8 166.5 42.4
1960 411.5 171.6 41.7
1961 429.0 181.8 42.4
1962 456.7 195.3 42.8
1963 479.6 209.1 43.6
1964 514.6 229.9 44.7
1965 555.7 255.1 45.9
1966 603.9 286.3 47.4
1967 648.3 315.1 48.6
1968 712.0 352.8 49.6
1969 778.5 388.8 49.9
1970 838.8 401.2 47.8
1971 903.5 414.0 45.8
1972 992.7 447.6 45.1
1973 1,110.7 511.9 46.1
1974 1,222.6 573.6 46.9
1975 1,335.0 595.5 44.6
1976 1,474.8 674.9 45.8
1977 1,633.2 733.8 44.9
1978 1,837.7 846.4 46.1
1979 2,062.2 926.6 44.9
1980 2,307.9 1,045.2 45.3
1981 2,591.3 1,170.1 45.2
1982 2,775.3 1,231.9 44.4
1983 2,960.7 1,300.2 43.9
1984 3,289.5 1,447.0 44.0
1985 3,526.7 1,550.5 44.0
1986 3,722.4 1,665.6 44.7
1987 3,947.4 1,850.6 46.9
1988 4,253.7 2,070.0 48.7
1989 4,587.8 2,173.3 47.4
1990 4,878.6 2,263.7 46.4
1991 5,051.0 2,284.1 45.2
1992 5,362.0 2,395.7 44.7
1993 5,558.5 2,453.5 44.1
1994 5,842.5 2,598.0 44.5
1995 6,152.3 2,813.8 45.7
1996 6,520.6 3,089.7 47.4
1997 6,915.1 3,429.1 49.6
1998 7,423.0 3.780.8 50.9
1999 7,802.4 4,136.1 53.0
2000 8,429.7 4,544.2 53.9
2001 8,724.1 4,268.5 48.9
2002 8,881.9 4,096.1 46.1
2003 9,163.6 4,200.2 45.8
2004 9,727.2 4,670.2 48.0
2005 10,301.1 5,137.2 49.9
Total income tax (per
SOI) [3]
As a percentage of--
Tax year Amount Personal Taxable
income income
(4) (5) (6)
1950 18.4 8.0 21.8
1951 24.2 9.4 24.4
1952 27.8 10.1 25.9
1953 29.4 10.1 25.7
1954 26.7 9.1 23.2
1955 29.6 9.4 23.1
1956 32.7 9.6 23.1
1957 34.4 9.6 23.0
1958 34.3 9.3 23.0
1959 38.6 9.8 23.2
1960 39.5 9.6 23.0
1961 42.2 9.8 23.2
1962 44.9 9.8 23.0
1963 48.2 10.1 23.1
1964 47.2 9.2 20.5
1965 49.6 8.9 19.4
1966 56.1 9.3 19.6
1967 63.0 9.7 20.0
1968 76.7 10.8 21.7
1969 86.6 11.1 22.3
1970 83.9 10.0 20.9
1971 85.4 9.5 20.6
1972 93.6 9.4 20.9
1973 108.1 9.7 21.1
1974 123.6 10.1 21.5
1975 124.5 9.3 20.9
1976 141.8 9.6 21.0
1977 159.8 9.8 21.8
1978 188.2 10.2 22.2
1979 214.5 10.4 23.1
1980 250.3 10.8 23.9
1981 284.1 11.0 24.3
1982 277.6 10.0 22.5
1983 274.2 9.3 21.1
1984 301.9 9.2 20.9
1985 325.7 9.2 21.0
1986 367.3 9.9 22.1
1987 369.2 9.4 20.0
1988 412.9 9.7 19.9
1989 432.9 9.4 19.9
1990 447.1 9.2 19.8
1991 448.4 8.9 19.6
1992 476.2 8.9 19.9
1993 502.8 9.0 20.5
1994 534.9 9.2 20.6
1995 588.4 9.6 20.9
1996 658.2 10.1 21.3
1997 731.3 10.6 21.3
1998 788.5 10.6 20.9
1999 877.4 11.2 21.2
2000 980.6 11.6 21.6
2001 888.0 10.2 20.8
2002 797.0 9.0 19.5
2003 748.0 8.2 17.8
2004 832.0 8.6 17.8
2005 934.9 9.1 18.2
[1] See Table 4 for differences between "personal income" and
"adjusted gross income."
[2] Reflects changes made to data as part of the 2003 Comprehensive
Revision of the National Income and Product Accounts (NIPAs). For
details of this revision, see the Bureau of Economic Analysis Web site
at http.//www.bea.gov/bea/dn/2003benchmark/CR2003content.htm.
[3] Note that the "taxable income" tax base excludes the base for
computing both the "minimum tax" and "alternative minimum tax"
components of "total income tax." Therefore, the percentages shown in
column 6, starting with 1970, are only approximate. See also Table 1,
footnote 34. Also. because conceptually "taxable income" did not exist
prior to 1954, the taxable income shown for 1950-1953 and the
percentages based on it in columns 3 and 6 are estimated, in part, by
adjusting available statistics for statutory "net income" for these
years.
NOTES: Detail may not add to totals because of rounding. All amounts
are in current dollars. Percentages shown in this table are based on
dollar amounts rounded to the units indicated in the specific table
heading. Therefore, they may not be as precise as percentages based on
the fuller dollar amounts found in tables contained in the source
publications or articles which underlie the historical tables presented
in this section of the Bulletin.
SOURCE: Data on "Personal income" are from the Bureau of Economic
Analysis's National Income and Product Accounts, Table 2.1: Personal
Income and Its Disposition. This table appears in the Survey of Current
Business and can also be accessed online at
http://www.bea.gov/bea/dn/nipaweb/index.asp Data on
"Taxable income (per SOI)" and "Total income tax (per SOI)" are from
Statistics of Income--Individual Income Tax Returns, various years.
Table 9. Number of Individual Income Tax Returns, by Type of Tax
Settlement, Tax Years 1950-2005
[All figures are estimates based on samples--number of returns is
in millions]
Number of returns with--
Tax year Total Tax due No overpayments
number at time Overpayments or tax due
of of [1] time of filing
returns filing
(1) (2) (3) (4)
1950 53.1 14.3 32.0 6.8
1951 55.4 18.6 31.0 5.8
1952 56.5 19.3 32.1 5.1
1953 57.8 19.0 32.7 6.2
1954 56.7 16.6 35.2 5.0
1955 58.3 18.7 35.4 4.2
1956 59.2 19.4 36.1 3.7
1957 59.8 18.6 37.6 3.6
1958 59.1 18.1 37.4 3.6
1959 60.3 19.1 38.4 2.8
1960 61.0 18.1 39.4 3.5
1961 61.5 18.6 40.0 2.9
1962 62.7 18.7 40.9 3.1
1963 63.9 19.3 41.4 3.3
1964 65.4 22.5 39.3 3.5
1965 67.6 20.0 44.3 3.2
1966 70.2 17.8 49.4 3.0
1967 71.7 17.5 51.2 3.0
1968 73.7 20.3 50.6 2.8
1969 75.8 17.9 54.9 3.0
1970 74.3 16.5 55.3 2.5
1971 74.6 17.0 55.3 2.4
1972 77.6 11.9 63.3 2.3
1973 80.7 14.2 64.2 2.2
1974 83.3 15.4 65.8 2.1
1975 82.2 15.8 63.8 2.6
1976 84.7 16.9 65.0 2.8
1977 86.6 17.8 66.0 2.8
1978 89.8 21.6 65.5 2.7
1979 92.7 18.8 71.4 2.4
1980 93.9 21.8 69.9 2.3
1981 95.4 23.0 70.0 2.4
1982 95.3 20.3 72.4 2.6
1983 96.3 18.5 75.0 2.9
1984 99.4 21.2 75.6 2.7
1985 101.7 21.2 77.4 3.0
1986 103.0 21.5 78.1 3.5
1987 107.0 23.8 79.8 3.4
1988 109.7 27.2 79.1 3.4
1989 112.1 28.0 80.9 3.2
1990 113.7 27.0 83.5 3.2
1991 114.7 25.6 85.6 3.5
1992 113.6 29.0 81.0 3.6
1993 114.6 28.6 82.4 3.6
1994 115.9 27.6 85.1 3.2
1995 118.2 29.7 85.3 3.2
1996 120.4 30.6 86.3 3.3
1997 122.4 31.2 88.3 2.9
1998 124.8 28.4 93.4 3.0
1999 127.1 29.2 94.8 3.1
2000 129.4 30.6 95.9 2.9
2001 130.3 24.6 102.3 3.4
2002 130.1 22.8 103.5 3.8
2003 130.4 21.1 105.4 4.0
2004 132.2 24.5 103.7 4.0
2005 134.4 25.7 104.8 3.9
Footnotes
[1] Starting with 1975, includes the refundable portion of the
"earned income credit."
NOTES: Detail may not add to totals because of rounding. Most of the
data are subject to sampling error. Tax law and tax form changes
affect the year-to-year comparability of the data.
SOURCE: Statistics of Income--Individual Income Tax Returns and
unpublished tables, appropriate years.
Table 10. Nonfarm Sole Proprietorship Returns: Selected
Income Statement Items for Income Years,
1999-2005
[All figures are estimates based on samples--money
amounts are in thousands of dollars]
Item 1999 2000 2001
(1) (2) (3)
Number of returns 17,575,643 17,904,731 18,338,190
with nonfarm
business net
income or deficit,
total [1]
Number with 13,165,318 13,307,842 13,603,907
nonfarm business
net income
Number of 19,516,047 19,863,507 20,378,335
nonfarm
businesses
Business 969,347,038 1,020,957,283 1,016,834,678
receipts, total
Income from sales 955,392,128 1,007,948,354 1,002,205,953
and operations
Total deductions [2] 761,427,577 806,386,102 799,633,110
Cost of goods sold 370,079 387,381,087 363,355,614
Inventory, 31,540,485 32,412,471 34,176,255
beginning-of-
year
Inventory, 33,835,064 34,342,365 35,732,488
end-of-year
Purchases 255,539,328 268,789,953 246,541,135
Cost of labor 28,723,302 29,278,688 28,022,289
Materials and 41,757,379 43,195,524 43,798,283
supplies
Advertising 9,453,659 10,148,700 10,774,079
Car and truck 40,786,963 45,711,214 47,351,940
expenses
Commissions 11,228,396 11,621,490 12,130,077
Depletion 387,000 684,974 693,669
Depreciation 30,637,555 32,196,159 33,425,567
Pension and 870,362 892,873 991,892
profit-sharing
plans
Employee benefit 1,663,528 1,871,875 2,040,639
programs
Insurance 13,219,821 13,623,759 14,367,018
Interest paid, 11,224,488 12,232,846 12,509,547
total
Mortgage 4,736,127 5,250,896 5,456,226
interest
Other interest 6,488,361 6,981,950 7,053,321
Legal and 6,818,392 7,312,694 7,482,619
professional
services
Meals and 7,987,445 9,183,825 9,314,840
entertainment
expenses
before
limitation
Meals and 4,031,523 4,664,694 4,735,312
entertainment
deduction
Office expenses 9,921,297 10,456,415 10,604,805
Rent paid, total 31,417,502 33,222,458 33,641,132
On machinery 8,227,000 8,880,267 8,522,008
On other 23,190,502 24,342,191 25,119,124
business
property
Repairs 11,697,341 12,280,525 12,129,756
Net salaries 61,204,430 63,485,540 63,826,020
and wages
(not deducted
elsewhere)
Supplies 21,654,319 21,793,962 23,074,836
Taxes paid 14,000,359 13,955,919 14,214,082
Travel 8,089,635 8,457,317 8,657,266
Utilities 18,466,170 19,381,881 20,482,680
(including
telephone)
Bad debts 1,111,178 983,868 1,176,324
Business use of 4,785,849 5,642,543 5,981,403
home
Net income 207,946,977 214,715,298 217,385,116
(less deficit)
[2]
Net income [2] 233,404 991 245,230,626 250,178,322
Deficit [2] 25,458,013 30,515,328 32,793,206
Item 2002 2003 2004
(4) (5) (6)
Number of returns 18,925,517 19,710,079 20,590,691
with nonfarm
business net
income or deficit,
total [1]
Number with 13,750,798 14,447,889 15,053,252
nonfarm business
net income
Number of 20,972,642 21,875,950 22,842,859
nonfarm
businesses
Business 1,029,691,760 1,050,202,446 1,139,523,760
receipts, total
Income from sales 1,015,363,541 1,033,934,376 1,122,226,857
and operations
Total deductions [2] 808,900,651 820,206,714 892,402,428
Cost of goods sold 351,785,009 338,376,959 370,951,227
Inventory, 34,291,721 34,924,642 35,761,115
beginning-of-
year
Inventory, 36,279,786 36,911,339 38,955,669
end-of-year
Purchases 227,085,757 218,445,328 238,922,503
Cost of labor 30,389,028 28,032,070 31,768,695
Materials and 45,589,230 46,554,634 53,267,879
supplies
Advertising 11,237,979 12,340,084 12,888,316
Car and truck 50,489,359 53,466,645 58,980,274
expenses
Commissions 14,066,786 13,502,446 13,267,025
Depletion 461,938 639,008 775,567
Depreciation 36,642,027 41,754,963 42,900,776
Pension and 1,085,247 1,182,019 1,202,228
profit-sharing
plans
Employee benefit 2,284,368 2,421,673 2,617,800
programs
Insurance 16,004,335 17,489,210 18,864,229
Interest paid, 11,439,539 10,581,245 11,023,766
total
Mortgage 5,006,864 4,762,929 5,167,373
interest
Other interest 6,432,675 5,818,316 5,856,393
Legal and 8,365,930 8,284,557 8,959,140
professional
services
Meals and 10,020,243 10,897,636 11,792,887
entertainment
expenses
before
limitation
Meals and 5,088,083 5,524,213 5,997,824
entertainment
deduction
Office expenses 11,331,733 11,849,079 12,362,672
Rent paid, total 34,854,754 35,672,010 36,867,569
On machinery 8,543,257 8,470,304 8,728,363
On other 26,311,497 27,201,706 28,139,206
business
property
Repairs 12,669,141 13,221,220 14,762,464
Net salaries 66,067,965 67,640,849 71,068,517
and wages
(not deducted
elsewhere)
Supplies 24,615,763 25,507,159 27,302,886
Taxes paid 14,901,431 15,179,639 16,036,234
Travel 9,110,193 9,313,708 10,317,557
Utilities 20,674,727 21,661,093 21,477,462
(including
telephone)
Bad debts 1,055,722 [3] [3]
Business use of 6,474,145 7,047,483 7,807,037
home
Net income 221,113,286 230,308,100 247,567,189
(less deficit)
[2]
Net income [2] 257,292,855 269,089,168 290,486,159
Deficit [2] 36,179,568 38,781,068 42,918,970
Item 2005
(7)
Number of returns 21,467,566
with nonfarm
business net
income or deficit,
total [1]
Number with 15,750,475
nonfarm business
net income
Number of 23,893,733
nonfarm
businesses
Business 1,222,880,231
receipts, total
Income from sales 1,204,827,487
and operations
Total deductions [2] 953,391,489
Cost of goods sold 396,875,774
Inventory, 38,101,650
beginning-of-
year
Inventory, 42,024,497
end-of-year
Purchases 252,887,700
Cost of labor 32,163,009
Materials and 55,902,012
supplies
Advertising 14,449,493
Car and truck 71,013,061
expenses
Commissions 15,439,663
Depletion 1,061,786
Depreciation 39,080,205
Pension and 1,251,915
profit-sharing
plans
Employee benefit 2,798,308
programs
Insurance 19,000,895
Interest paid, 12,109,510
total
Mortgage 5,543,658
interest
Other interest 6,565,852
Legal and 9,836,870
professional
services
Meals and [3]
entertainment
expenses
before
limitation
Meals and 6,802,217
entertainment
deduction
Office expenses 12,835,599
Rent paid, total 39,484,729
On machinery 9,135,688
On other 30,349,041
business
property
Repairs 14,976,142
Net salaries 75,091,154
and wages
(not deducted
elsewhere)
Supplies 28,858,613
Taxes paid 16,797,524
Travel 11,308,328
Utilities 22,910,257
(including
telephone)
Bad debts [3]
Business use of 8,801,078
home
Net income 269,919,995
(less deficit)
[2]
Net income [2] 314,756,510
Deficit [2] 44,836,514
[1] Represents the number of returns. even if there was more
than one business per return.
[2] "Total deductions" include amounts not shown separately
in this table, as well as amounts not itemized separately on
Schedule C-EZ (short form) used by certain of the smaller
businesses. Most deductions for which statistics are shown
are slightly understated to the extent that only total
deductions had to be reported on Schedule C-EZ. Total deductions
exclude disallowed "passive losses". but net income (less
deficit), net income, and deficit reflect these losses. In
addition. net income (less deficit), net income, and deficit
are after adjustment for the passive loss carryover from prior
years. Therefore, business receipts minus "total deductions"
do not equal "net income (less deficit)."
[3] Not available
NOTES: There are slight differences between. (a) the number
of individual income tax returns "with business or profession
net income or loss" and the associated amounts, based on the
summarized totals on the face of the lax return (Table 1),
and (b) the related number of individual income tax returns
"with nonfarm business net income or deficit" and the associated
amounts, based on data from Schedules C filed in support of
the total on the face of the return (Table 10). These
differences result from the somewhat larger tax return samples
underlying the sole proprietorship statistics for more recent
years, and also from the taxpayer reporting variations and
inconsistencies, e.g., in the occasional misreporting of farm
versus nonfarm business activity on the face of the return
compared to what was indicated in supporting schedules, and in
the equating of certain partnership income or employee business
expenses with the presence of sole proprietorship activity
Detail may not add to totals because of rounding. All amounts
are in current dollars. Most of the data are subject to sampling
error Tax law and lax form changes affect the year-to-year
comparability of the data.
Table 11. Partnership Returns: Selected Balance Sheet and Income
Statement Items for Income Years, 1999-2005
[All figures are estimates based on samples--money amounts are in
thousands of dollars]
Item 1999 2000
(1) (2)
Total number of active 1,936,919 2,057,500
partnerships
Number with net income 1,225,916 1,161,420
Number with balance 1,392,405 1,504,978
sheets [1]
Number of partners 15,353,154 13,659,967
Number of limited 354,295 348,973
partnerships [2]
Number of partners [2] 8,944,693 6,468,292
Number of limited 589,403 718,704
liability companies [2]
Number of partners [2] 2,256,062 2,699,227
Total assets [3] 5,998,952,883 6,694,142,838
Depreciable assets (net) 1,314,251,428 1,487,182,018
Inventories, end of year 174,078,288 149,875,359
Land 326,371,562 358,625,577
Total liabilities [3] 3,453,186,389 3,695,508,180
Accounts payable 243,769,049 229,893,243
Short-term debt [4] 231,808,501 252,226,751
Long-term debt [5) 988,667,751 1,132,180,865
Nonrecourseloans 582,151,975 639,417,006
Partners' capital 2,545,766,494 2,998,634,658
account [3]
Total receipts [6] 1,907,171,104 2,405,356,195
Business receipts 1,615,762,245 2,061,764,235
Interest received 61,769,762 82,322,875
Total deductions [6] 1,678,732,999 2,136,365,436
Cost of goods sold 902,157,018 1,225,628,897
Purchases 585,068,938 797,038,243
Cost of labor 42,089,216 46,714,175
Net salaries and wages
(not deducted elsewhere) 169,905,010 201,350,844
Taxes paid 26,896,235 31,145,304
Interest paid 74,428,567 92,751,748
Depreciation (7) 102,786,520 116,040,441
Net income (less deficit) 228,438,105 268,990,758
Net income 348,467,958 409,972,787
Deficit 120,029,853 140,982,029
Item 2001 2002
(3) (4)
Total number of active 2,132,117 2,242,169
partnerships
Number with net income 1,301,040 1,325,008
Number with balance 1,591,450 1,682,072
sheets [1]
Number of partners 14,231,604 14,328,108
Number of limited 369,150 376,963
partnerships [2]
Number of partners [2] 7,023,431 6,918,515
Number of limited 808,692 946,130
liability companies [2]
Number of partners [2] 3,231,921 3,737,899
Total assets [3] 8,428,217,379 8,866,560,101
Depreciable assets (net) 1,646,477,441 1,791,511,841
Inventories, end of year 208,165,141 202,669,386
Land 392,090,094 423,177,429
Total liabilities [3] 4,835,135,071 4,972,036,919
Accounts payable 361,748,491 346,350,802
Short-term debt [4] 289,248,638 282,684,863
Long-term debt [5) 1,286,392,538 1,375,077,274
Nonrecourseloans 699,883,406 770,277,980
Partners' capital 3,593,082,308 3,894,523,181
account [3]
Total receipts [6] 2,665,156,204 2,772,829,505
Business receipts 2,278,200,526 2,414,187,093
Interest received 84,801,548 70,225,315
Total deductions [6] 2,388,821,379 2,502,162,335
Cost of goods sold 1,338,114,656 1,430,213,629
Purchases 887,515,286 903,589,600
Cost of labor 53,029,403 58,736,031
Net salaries and wages
(not deducted elsewhere) 230,874,139 237,882,426
Taxes paid 34,626,540 36,416,569
Interest paid 97,278,387 68,127,690
Depreciation (7) 138,412,382 154,542,874
Net income (less deficit) 276,334,824 270,667,169
Net income 446,069,172 439,761,741
Deficit 169,734,347 169,094,572
Item 2003 2004
(5) (6)
Total number of active 2,375,375 2,546,877
partnerships
Number with net income 1,356,988 1,440,895
Number with balance 1,768,302 1,890,134
sheets [1]
Number of partners 14,108,458 15,556,553
Number of limited 378,921 402,238
partnerships [2]
Number of partners [2] 6,262,103 7,023,921
Number of limited 1,091,502 1,270,236
liability companies [2]
Number of partners [2] 4,226,099 4,949,808
Total assets [3] 9,675,052,728 11,607,698,140
Depreciable assets (net) 1,845,514,643 1,988,468,476
Inventories, end of year 213,605 275,807,149
Land 454,765 509,408,430
Total liabilities [3] 5,303,160,043 6,247,952,541
Accounts payable 275,560,392 336,393,755
Short-term debt [4] 273,570,095 296,350,178
Long-term debt [5) 1,389,224,345 1,545,671,581
Nonrecourseloans 799,599,369 854,466,687
Partners' capital 4,371,892,684 5,359,745,599
account [3]
Total receipts [6] 2,922,723,256 3,260,264,592
Business receipts 2,545,612,266 2,818,861,323
Interest received 70,702,884 87,942,510
Total deductions [6] 2,621,325,038 2,875,561,301
Cost of goods sold 1,522,806,503 1,666,146,493
Purchases 987,652,150 1,130,541,265
Cost of labor 63,434,283 67,483,580
Net salaries and wages
(not deducted elsewhere) 244,927,745 268,806,663
Taxes paid 39,019,475 42,114,276
Interest paid 64,619,863 64,457,049
Depreciation (7) 157,411,296 168,496,995
Net income (less deficit) 301,398,218 384,738,394
Net income 468,552,382 566,231,686
Deficit 167,154,164 181,493,292
Item 2005
(7)
Total number of active 2,763,625
partnerships
Number with net income 1,580,166
Number with balance 2,058,001
sheets [1]
Number of partners 16,211,908
Number of limited 413,712
partnerships [2]
Number of partners [2] 6,946,986
Number of limited 1,465,223
liability companies [2]
Number of partners [2] 5,640,146
Total assets [3] 13,734,256,305
Depreciable assets (net) 2,175,870,104
Inventories, end of year 315,475,201
Land 607,354,512
Total liabilities [3] 7,482,803,211
Accounts payable 400,232,413
Short-term debt [4] 372,521,209
Long-term debt [5) 1,772,258,856
Nonrecourseloans 913,847,174
Partners' capital 6,251,453,094
account [3]
Total receipts [6] 3,862,916,552
Business receipts 3,280,057,196
Interest received 133,742,087
Total deductions [6] 3,316,706,450
Cost of goods sold 1,975,816,361
Purchases 1,328,185,749
Cost of labor 80,010,457
Net salaries and wages
(not deducted elsewhere) 293,216,547
Taxes paid 46,896,065
Interest paid 103,453,348
Depreciation (7) 140,468,457
Net income (less deficit) 546,210,103
Net income 723,606,859
Deficit 177,395,756
[1] Certain small partnerships were not required to file balance sheets
[2] Number of limited partnerships, limited liability companies, and
the associated number of partners are understated because some
businesses failed to answer the question about type of partnership on
their lax returns as originally filed
[3] Total assets, total liabilities, and partners' capital account
represent end-of-year amounts. Moreover, they are understated somewhat
because not all partnerships included a complete balance sheet and
because of the reporting requirement mentioned in footnote 1, above.
However, certain partnerships with negative total assets, total
liabilities, and/or total partners capital are included in the
statistics.
[4] Short-term debt is the abbreviated title for mortgages, notes, and
bonds payable in less than 1 year.
[5] Long-term debt is the abbreviated title for mortgages notes, and
bonds payable in 1 year or more
[6] "Total receipts" and "total deductions" include amounts not shown
separately Total receipts were computed for the statistics as the sum
of trade or business income (gross receipts or sales less returns and
allowances (business receipts), ordinary income from other
partnerships, estates, and trusts, farm net profit. net gain,
noncapital assets, and other income from trade or business), as well
as income distributed directly to partners (net rental real estate
income, other net rental income, interest income, dividend income,
and royalties). Total deductions were computed as the sum of trade or
business expenses (cost of goods sold. ordinary loss from other
partnerships; net farm loss: net loss. noncapdal assets; other loss
from trade or business: and total deductions from trade or business),
as well as losses distributed directly to partners (net rental real
estate loss, and other net rental loss). Starting in 2004, other
portfolio income (loss) was not included in total receipts and
deductions because it was no longer reported separately on the tax
return. Portfolio net short-term capital gain (loss) and net long-term
capital gain (loss) continue to be intentionally omitted from total
receipts and total deductions in order to improve comparability with
1986 and prior data.
[7] Represents the more complete amounts reported in depreciation
computation schedules, rather than the amounts reported as the
depreciation deduction.
NOTES: Detail may not add to totals because of rounding. All amounts
are in current dollars. Most of the data are subject to sampling error.
Tax law and tax form changes affect the year-to-year comparability of
the data.
SOURCE: Statistics of Income Bulletin, summer or fall issues (for
most years).
Table 12. Number of Business Income Tax Returns, by Size of Business
for Income Years, 1999-2005 [1]
[All figures are estimates based on samples--number of businesses
is in thousands]
Type and size of 1999 2000 2001 2002
business (1) (2) (3) (4)
CORPORATIONS
Total 4,936 5,045.3 5,136.6 5,266.6
Receipt size [2]
Under $25,000 [3] 1,188.7 1,220.0 1,248.2 1,282.5
$25,000 under 296.9 305.4 295.8 314.3
$50,000
$50,000 under 486.5 477.4 484.5 514.4
$100,000
$100,000 under 823.9 837.1 877.1 893.9
$250,000
$250,000 under 676.1 677.5 672.6 688.8
$500.000
$500,000 under 546.2 581.9 601.5 610.7
$1,000.000
$1,000,000 or more 917.5 946.0 955.9 962.1
Asset size [4]
Under $100,000 [5] 2,845.7 2,911.3 n.a. n.a.
Under $500,000 [5] n.a n.a. 4,289.8 4,415.3
$100,000 under 1,600.2 1,631.0 n.a. n.a.
$1,000.000
$500,000 under n.a. n.a. 342.2 344.5
$1,000.000
$1,000,000 under 413.3 422.5 424.0 427.1
$10,000,000
$10,000.000 under 35.0 37.0 36.4 36.8
$25.000,000
$25,000.000 under 13.6 14.4 14.1 13.9
$50.000,000
$50,000.000 under 9.3 9.6 9.5 9.3
$100,000,000
$100,000,000 under 8.4 8.7 8.7 8.6
$250,000,000
$250,000,000 or 10.4 10.9 11.0 11.1
more, total
$250,000,000 under n.a. n.a. 4.2 4.2
$500.000,000
$500,000,000 under n.a. n.a. 4.9 4.9
$2.500,000,000
$2,500,000.000 or n.a. n.a. 1.9 2.0
more
PARTNERSHIPS
Total 1,937.9 2,057.5 2,132.1 2,242.2
Receipt size [6]
Under $25,000 [3] 1,036.3 1,105.1 1,129.9 1,204.7
$25,000 under 169.5 183.0 182.6 185.3
$50,000
$50,000 under 187.4 187.3 192.1 195.1
$100,000
$100,000 under 212.4 225.8 233.9 248.5
$250,000
$250,000 under 125.8 127.0 139.4 145.3
$500,000
$500,000 under 83.8 92.4 102.8 105.0
$1,000.000
$1,000,000 or more 121.6 136.9 151.4 159.3
Asset size
Under $25,000 [5] 793.3 827.9 825.5 865.5
$25,000 under 93.3 105.3 104.7 104.9
$50,000
$50,000 under 135.4 128.4 130.7 132.7
$100,000
$100,000 under 216.4 229.5 239.1 252.3
$250,000
$250,000 under 175.8 196.5 205.9 205.5
$500,000
$500,000 under 175.2 183.0 202.6 226.4
$1,000.000
$1,000,000 or 347.5 386.9 423.7 454.9
more
NONFARM SOLE
PROPRIETORSHIPS
[7]
Total 17,576.6 17,904.7 18,338.2 18,925.5
Receipt size
Under $2,500 [3] 4,296.6 4,333.1 3,769.4 [r] 4,546.4
$2,500 under 1,972.6 1,933.9 1,989.3 2,043.8
$5,000
$5,000 under 2,350.2 2,395.7 2,523.1 2,604.6
$10,000
$10,000 under 3,202.2 3,334.0 3,448.4 3,521.6
$25,000
$25,000 under 2,227.0 2,246.7 2,239.3 2,357.8
$50,000
$50,000 under 1,558.5 1,644.8 1,704.0 1,751.8
$100,000
$100,000 under 1,020.3 1,052.9 1,109.7 1,115.4
$200,000
$200,000 under 681.4 680.4 649.2 687.8
$500,000
$500,000 under 182.2 189.5 197.8 203.3
$1,000,000
$1,000,000 or more 85.7 91.7 92.9 93.0
Type and size of 2003 2004 2005
business (5) (6) (7)
CORPORATIONS
Total 5,401.2 5,557.9 5,671.3
Receipt size [2]
Under $25,000 [3] 1,279.7 1,316.9 1,299.3
$25,000 under 346.3 334.5 340.3
$50,000
$50,000 under 522.1 545.2 543.7
$100,000
$100,000 under 929.9 971.8 997.3
$250,000
$250,000 under 719.6 731.5 757.8
$500.000
$500,000 under 622.6 634.5 644.2
$1,000.000
$1,000,000 or more 981.1 1,023.4 1,088.3
Asset size [4]
Under $100,000 [5] n.a. n.a. n.a.
Under $500,000 [5] 4,545.5 [r] 4,668.0 4,736.9
$100,000 under n.a. n.a. n.a.
$1,000.000
$500,000 under 342.8 356.1 370.6
$1,000.000
$1,000,000 under 432.3 447.8 472.8
$10,000,000
$10,000.000 under 37.7 39.9 42.7
$25.000,000
$25,000.000 under 14.1 15.0 15.8
$50.000,000
$50,000.000 under 9.3 9.5 9.9
$100,000,000
$100,000,000 under 8.7 8.9 9.3
$250,000,000
$250,000,000 or 11.8 12.3 13.2
more, total
$250,000,000 under 4.4 4.6 4.8
$500.000,000
$500,000,000 under 5.3 5.6 6.0
$2.500,000,000
$2,500,000.000 or 2.1 2.1 2.4
more
PARTNERSHIPS
Total 2,375.4 2,546.9 2,763.6
Receipt size [6]
Under $25,000 [3] 1,284.4 1,372.9 1,465.2
$25,000 under 191.8 193.2 218.4
$50,000
$50,000 under 205.7 225.8 232.8
$100,000
$100,000 under 262.4 275.5 307.2
$250,000
$250,000 under 147.9 160.9 182.0
$500,000
$500,000 under 110.7 120.8 130.6
$1,000.000
$1,000,000 or more 172.4 197.9 227.3
Asset size
Under $25,000 [5] 925.9 982.4 1,045.6
$25,000 under 112.0 108.6 103.4
$50,000
$50,000 under 131.9 134.8 150.5
$100,000
$100,000 under 259.0 278.6 303.0
$250,000
$250,000 under 227.7 248.1 269.4
$500,000
$500,000 under 231.7 249.6 279.6
$1,000.000
$1,000,000 or 487.2 544.8 612.1
more
NONFARM SOLE
PROPRIETORSHIPS
[7]
Total 19,710.1 20,590.7 21,468.6
Receipt size
Under $2,500 [3] 4,539.7 4,883.5 5,069.4
$2,500 under 2,233.0 2,219.6 2,372.8
$5,000
$5,000 under 2,816.3 2,916.0 2,967.1
$10,000
$10,000 under 3,719.1 3,896.7 4,047.0
$25,000
$25,000 under 2,449.8 2,536.4 2,587.4
$50,000
$50,000 under 1,805.4 1,791.6 1,980.7
$100,000
$100,000 under 1,145.7 1,270.8 1,281.9
$200,000
$200,000 under 705.1 749.2 809.4
$500,000
$500,000 under 199.7 217.6 234.5
$1,000,000
$1,000,000 or more 96.3 109.3 117.3
n.a.--Not available.
[r] Revised or corrected,
[1] Excludes business income tax returns filed by tax-exempt
organizations. See Table 16.
[2] Size classes for corporations are based on "business receipts."
i.e., gross amounts from sales and operations, except for industries
in the finance and insurance industrial sector and those in the
"management of companies (holding companies)" sector (which includes
bank holding companies, as well as other holding companies). For the
groupings, "total receipts," which are the sum of business receipts
and investment income, were used instead of business receipts as the
basis for the size classification.
[3] Includes returns with no business receipts (or no "total
receipts" in the case of certain corporations as described in
footnote 2)
[4] Beginning Tax Year 2001 size of assets of under $500,000 and
$500,000 under $1,000,000 replaced size of assets of under $100,000
and $100,000 under $1,000,000 of earlier years Also, size of assets
of $250,000,000 under $500,000.000, $500.000,000 under
$2,500,000,000; and $2,500.000,000 or more are shown beginning with
Tax Year 2001
[5] Includes corporations and partnerships with "zero assets and
liabilities." For corporations, returns with zero assets represent
final returns of liquidating or dissolving corporations which had
disposed of all assets, final returns of merging corporations whose
assets were included in the returns of the acquiring corporations,
part-year returns of corporations changing accounting periods (except
for certain newly-incorporated businesses), and returns of foreign
corporations with income' effectively connected with a U.S. business
(except foreign insurance companies providing separate balance sheets
for U.S. branches). For partnerships, returns with zero assets include
final returns of liquidating or dissolving partnerships which had
disposed of all assets and businesses not required to file balance
sheets, as well as businesses that failed to provide balance sheets on
their returns as originally filed. See also Table 11, footnote 1.
[6] Size classes for partnerships are affected by changes in the
definition of receipts. (See Table 11, footnote 6)
[7] Sole proprietors are not required to provide balance sheet
information
NOTES: Statistics for corporations are for accounting periods ending
July of one year through June of the next Thus, for example,
corporation data for 2004 are for accounting periods ending July
2004 through June 2005 Statistics for nonfarm sole proprietorships
and partnerships are, in general for the calendar year Data may not
add to totals because of rounding. Most of the data are subject to
sampling errors- Tax law and tax form changes affect the year-to-year
comparability of the data.
Table 13. Corporation Income Tax Returns: Balance Sheet, Income
Statement, and Tax Items for Income Years, 1999-2005
[All figures are estimates based on samples-money amounts are in
thousands of dollars]
Item 1999 2000
(1) (2)
Number of returns, total [1] 4,935,904 5,045,274
Number with net income [1] 2,812,175 2,819,153
Consolidated returns [1,2,3] 57,144 56,603
S corporation returns [1,3,4] 2,725,775 2,860,478
Total assets [5] 41,464,152,854 47,026,871,874
Cash 1,596,525,490 1,819,788,484
Notes and accounts receivable 7,744,960,605 8,754,425,366
Less: Allowance for bad debts 139,597,391 148,289,201
Inventories [6] 1,198,184,825 1,271,967,443
Investments in U.S. Government 1,340,484,175 1,236,229,842
obligations
Tax-exempt securities [7] 957,099,790 973,317,816
Other current assets 2,639,764,762 3,206,693,449
Loans to shareholders 126,016,307 157,029,888
Mortgage and real 2,554,658,266 2,821,508,159
estate loans
Other investments 15,799,039,436 17,873,853,425
Depreciable assets 6,935,503,013 7,291,998,758
Less: Accumulated depreciation 3,227,243,753 3,369,214,883
Depletable assets 183,593,413 191,353,340
Less: Accumulated depletion 85,660,310 87,437,339
Land 286,497,086 302,831,910
Intangible assets (amortizable) 1,717,251,430 2,246,509,413
Less: Accumulated amortization 280,556,798 364,363,888
Other assets 2,117,631,510 2,848,669,891
Total liabilities [5] 41,464,152,854 47,026,871,874
Accounts payable [8] 2,792,333,967 3,758,177,869
Mortgages notes, and bonds 3,658,308,770 4,019,704,844
payable in less than 1 year
Other current liabilities [8] 9,103,186,192 10,307,362,766
Loans from shareholders 394,938,632 451,461,831
Mortgages, notes, and bonds
payable in 1 year or more 5,448,156,416 6,183,999,343
Other liabilities 4,704,367,882 4,957,514,852
Net worth 15,362,860,996 17,348,650,369
Capital stock 3,521,992,715 3,966,282,789
Additional paid-in capital 10,186,395,658 12,264,818,660
Retained earnings, appropriated 210,792,152 181,838,405
Retained earnings, 3,741,892,919 3,445,346,327
unappropriated [9]
Adjustments to shareholders' 17,108,266 -3,382,272
equity [9]
Less: Cost of treasury stock 2,315,320,710 2,506,253,537
Total receipts [10] 18,892,385,694 20,605,808,071
Business receipts [10,11] 16,313,971,385 17,636,551,349
Interest on State and local
government obligations 51,780,230 51,940,598
Other interest [10,12] 1,301,772,282 1,576,100,843
Dividends received from 20,679,644 20,869,880
domestic corporations [10,12]
Dividends received from 64,905,407 60,203,391
foreign corporations [10]
Rents [10] 117,644,823 131,301,498
Royalties [10] 105,741,540 122,513,266
Net short-term capital gain 94,913,405 85,003,779
reduced by net long-term
capital loss
Net long-term capital gain 146,520,147 173,758,106
reduced by net
short-term capital loss
Net gain, noncapital 64,698,446 70,035,992
assets [11]
Other receipts 609,758,412 677,529,368
Total deductions [10] 17,966,972,060 19,691,591,726
Cost of goods sold [10] 10,284,098,039 11,135,287,909
Compensation of officers [10] 373,735,141 401,416,310
Repairs 133,209,853 139,591,861
Bad debts [10] 100,202,508 107,679,638
Rent paid on business 347,245,365 380,083,953
property [10]
Taxes paid [10] 371,183,229 390,067,116
Interest paid [10) 1,018,972,484 1,271,678,744
Contributions or gifts [10] 10,732,153 10,657,214
Amortization [10] 86,124,690 98,333,079
Depreciation [10] 583,799,587 614,372,700
Depletion [10,13] 9,803,284 10,244,959
Advertising [10] 216,066,879 234,000,558
Pension, profit-sharing, 76,779,560 85,788,656
stock bonus, and annuity
plans [13]
Employee benefit 203,531,897 231,325,484
programs [13]
Net loss, noncapital 29,065,260 31,314,500
assets [10,11]
Other deductions [13] 4,122,422,135 4,549,749,050
Total receipts less 925,413,634 914,216,344
total deductions [10,14]
Constructive taxable income 55,322,097 65,249,771
from related foreign
corporations [15]
Net income (less deficit) 928,955,528 927,525,517
[10,14,15,16]
Net income [16] 1,229,295,911 1,336,619,605
Deficit [16] 300,340,383 409,094,088
Income subject to tax: [17]
Number of returns 868,820 828,470
Amount 693,736,694 760,404,334
Total income tax [18] 241,987,588 266,281,801
Regular tax [19] 238,722,344 262,232,738
Recapture of prior-year 8,754 9,594
investment credit
Alternative minimum tax: [20]
Number of returns 14,901 13,135
Amount 3,051,869 3,874,845
Tax credits: [21]
Total 48,959,947 62,238,013
Foreign tax credit: [22]
Number of returns 5,864 5,937
Amount 38,389,989 48,505,841
U.S. possessions tax 1,485,261 1,438,549
credit [22]
Nonconventional source 886,835 1,516,990
fuel credit
Qualified electric 1,191 1,246
vehicle credit
Qualified zone academy 2,170 14,542
bond credit
Prior-year minimum tax credit 3,431,478 5,169,159
General business credit 4,763,022 5,591,686
Empowerment zone employment 21,645 23,501
credit
General business current year
credit items: [23]
Investment credit 315,225 357,607
Work opportunity 253,886 266,341
credit/jobs credit
Alcohol fuel credit 15,817 11,825
Research activities credit 5,410,932 7,235,621
Orphan drug credit 109,435 112,954
Total income tax after 193,027,641 204,043,788
credits [24]
Item 2001 2002
(3) (4)
Number of returns, total [1] 5,135,591 5,266,607
Number with net income [1] 2,822,302 2,800,517
Consolidated returns [1,2,3] 56,507 52,743
S corporation returns [1,3,4] 2,986,486 3,154,377
Total assets [5] 49,154,424,202 50,413,501,942
Cash 1,926,059,284 1,923,414,875
Notes and accounts receivable 8,755,544,213 8,885,603,717
Less: Allowance for bad debts 180,317,404 184,924,054
Inventories [6] 1,208,206,944 1,221,112,550
Investments in U.S. Government 1,392,035,604 1,527,139,020
obligations
Tax-exempt securities [7] 1,057,398,071 1,203,096,628
Other current assets 3,663,607,042 3,509,562,061
Loans to shareholders 189,958,748 194,543,759
Mortgage and real 3,228,970,528 3,687,181,263
estate loans
Other investments 18,343,524,687 18,727,600,926
Depreciable assets 7,613,590,480 7,677,626,201
Less: Accumulated depreciation 3,549,239,594 3,699,383,948
Depletable assets 198,775,908 226,336,112
Less: Accumulated depletion 92,093,245 110,296,199
Land 319,953,637 325,689,411
Intangible assets (amortizable) 2,474,758,111 2,353,465,751
Less: Accumulated amortization 483,180,189 480,835,477
Other assets 3,086,871,379 3,426,569,347
Total liabilities [5] 49,154,424,202 50,413,501,942
Accounts payable [8] 3,927,350,604 4,073,664,265
Mortgages notes, and bonds 4,131,856,961 3,814,481,517
payable in less than 1 year
Other current liabilities [8] 10,811,930,775 11,181,118,658
Loans from shareholders 549,016,868 541,170,351
Mortgages, notes, and bonds
payable in 1 year or more 6,781,681,427 7,184,589,809
Other liabilities 5,337,844,395 6,073,368,168
Net worth 17,614,743,174 17,545,109,175
Capital stock 4,253,450,013 3,999,980,176
Additional paid-in capital 13,919,963,504 15,286,648,711
Retained earnings, appropriated 140,283,315 116,673,731
Retained earnings, 2,024,731,460 1,060,109,067
unappropriated [9]
Adjustments to shareholders' -33,277,666 -66,214,884
equity [9]
Less: Cost of treasury stock 2,690,407,452 2,852,087,624
Total receipts [10] 20,272,957,624 19,749,426,052
Business receipts [10,11] 17,504,288,630 17,297,125,146
Interest on State and local
government obligations 49,227,853 48,212,626
Other interest [10,12] 1,499,683,236 1,233,298,115
Dividends received from 18,964,132 17,382,452
domestic corporations [10,12]
Dividends received from 49,997,670 45,580,553
foreign corporations [10]
Rents [10] 134,013,856 136,156,000
Royalties [10] 116,989,820 115,860,138
Net short-term capital gain 20,770,292 14,655,834
reduced by net long-term
capital loss
Net long-term capital gain 117,443,499 76,266,064
reduced by net
short-term capital loss
Net gain, noncapital 61,890,648 69,144,256
assets [11]
Other receipts 699,687,988 695,744,869
Total deductions [10] 19,682,982,949 19,198,882,118
Cost of goods sold [10] 11,041,533,030 10,607,404,004
Compensation of officers [10] 382,813,379 381,235,331
Repairs 144,239,688 132,998,715
Bad debts [10] 142,196,860 168,045,866
Rent paid on business 398,045,240 410,639,197
property [10]
Taxes paid [10] 392,458,476 396,571,738
Interest paid [10) 1,203,045,923 912,751,562
Contributions or gifts [10] 11,414,505 10,334,666
Amortization [10] 110,454,488 115,006,680
Depreciation [10] 649,988,724 710,881,312
Depletion [10,13] 9,803,354 9,418,123
Advertising [10] 219,834,114 218,035,603
Pension, profit-sharing, 85,523,682 132,414,263
stock bonus, and annuity
plans [13]
Employee benefit 245,747,438 249,904,744
programs [13]
Net loss, noncapital 40,969,394 51,879,801
assets [10,11]
Other deductions [13] 4,604,914,658 4,691,360,514
Total receipts less 589,974,675 550,543,934
total deductions [10,14]
Constructive taxable income 62,876,530 61,325,249
from related foreign
corporations [15]
Net income (less deficit) 603,623,352 563,656,558
[10,14,15,16]
Net income [16] 1,112,480,550 1,053,126,217
Deficit [16] 508,857,198 489,469,660
Income subject to tax: [17]
Number of returns 780,223 696,230
Amount 635,257,416 600,553,517
Total income tax [18] 220,874,245 209,691,130
Regular tax [19] 218,675,610 207,056,104
Recapture of prior-year 20,924 9,189
investment credit
Alternative minimum tax: [20]
Number of returns 7,101 7,066
Amount 1,800,595 2,532,224
Tax credits: [21]
Total 54,162,256 56,078,260
Foreign tax credit: [22]
Number of returns 5,488 4,726
Amount 41,063,165 42,021,526
U.S. possessions tax 1,268,616 1,191,217
credit [22]
Nonconventional source 1,806,406 2,189,943
fuel credit
Qualified electric 231 6,102
vehicle credit
Qualified zone academy 28,151 80,289
bond credit
Prior-year minimum tax credit 3,254,175 2,027,542
General business credit 6,741,513 8,561,641
Empowerment zone employment 23,401 59,776
credit
General business current year
credit items: [23]
Investment credit 359,179 449,893
Work opportunity 233,563 258,428
credit/jobs credit
Alcohol fuel credit 9,224 8,467
Research activities credit 6,518,136 5,818,383
Orphan drug credit 134,846 146,900
Total income tax after 166,711,988 153,612,870
credits [24]
Item 2003 2004
(5) (6)
Number of returns, total [1] 5,401,237 5,557,965
Number with net income [1] 2,932,115 3,116,468
Consolidated returns [1,2,3] 49,900 48,066
S corporation returns [1,3,4] 3,341,606 3,518,334
Total assets [5] 53,644,784,683 60,117,759,331
Cash 2,119,555,828 2,730,468,320
Notes and accounts receivable 8,995,395,904 10,690,858,849
Less: Allowance for bad debts 166,436,901 166,296,012
Inventories [6] 1,267,289,489 1,386,128,237
Investments in U.S. Government 1,656,326,948 1,571,309,466
obligations
Tax-exempt securities [7] 1,297,278,783 1,366,224,245
Other current assets 3,868,061,886 4,449,284,482
Loans to shareholders 212,364,720 183,667,567
Mortgage and real 4,072,938,126 4,626,579,648
estate loans
Other investments 20,535,952,107 22,657,060,564
Depreciable assets 7,804,548,186 7,973,940,602
Less: Accumulated depreciation 3,812,960,901 3,930,550,044
Depletable assets 237,004,322 269,600,908
Less: Accumulated depletion 110,386,244 116,413,985
Land 341,705,785 362,615,279
Intangible assets (amortizable) 2,421,707,223 2,772,388,173
Less: Accumulated amortization 478,750,745 508,581,335
Other assets 3,383,190,167 3,799,474,366
Total liabilities [5] 53,644,784,683 60,117,759,331
Accounts payable [8] 4,337,572,143 5,645,442,995
Mortgages notes, and bonds 4,001,969,180 4,398,614,808
payable in less than 1 year
Other current liabilities [8] 11,808,860,907 13,534,418,924
Loans from shareholders 531,953,102 504,947,743
Mortgages, notes, and bonds
payable in 1 year or more 7,383,799,418 8,154,008,233
Other liabilities 6,761,943,361 7,065,958,007
Net worth 18,818,686,574 20,814,368,622
Capital stock 3,150,571,907 2,308,398,504
Additional paid-in capital 15,258,444,856 16,160,039,808
Retained earnings, appropriated 167,723,931 218,699,183
Retained earnings, 2,141,352,269 3,058,994,776
unappropriated [9]
Adjustments to shareholders' -27,510,760 -21,710,161
equity [9]
Less: Cost of treasury stock 1,871,895,626 931,763,649
Total receipts [10] 20,689,574,291 22,711,863,939
Business receipts [10,11] 18,264,393,898 19,975,875,761
Interest on State and local
government obligations 48,996,780 47,221,454
Other interest [10,12] 1,132,675,179 1,337,625,869
Dividends received from 17,973,872 19,505,243
domestic corporations [10,12]
Dividends received from 44,921,527 58,411,038
foreign corporations [10]
Rents [10] 136,321,392 132,058,314
Royalties [10] 133,184,522 141,999,230
Net short-term capital gain 22,725,799 24,993,598
reduced by net long-term
capital loss
Net long-term capital gain 85,965,872 110,055,554
reduced by net
short-term capital loss
Net gain, noncapital 76,272,207 81,501,337
assets [11]
Other receipts 726,143,243 782,616,541
Total deductions [10] 19,940,594,557 21,636,155,758
Cost of goods sold [10] 11,318,644,763 12,497,904,654
Compensation of officers [10] 388,661,740 416,761,257
Repairs 134,963,543 142,843,894
Bad debts [10] 151,140,752 139,664,267
Rent paid on business 407,139,494 419,657,325
property [10]
Taxes paid [10] 416,812,815 446,793,685
Interest paid [10) 818,016,806 938,790,256
Contributions or gifts [10] 10,823,373 11,596,559
Amortization [10] 121,284,821 129,766,141
Depreciation [10] 692,432,495 690,857,316
Depletion [10,13] 10,170,908 11,960,564
Advertising [10] 224,790,471 238,662,306
Pension, profit-sharing, 137,053,065 149,061,713
stock bonus, and annuity
plans [13]
Employee benefit 277,325,261 298,070,744
programs [13]
Net loss, noncapital 51,799,134 42,751,870
assets [10,11]
Other deductions [13] 4,779,535,119 5,061,013,207
Total receipts less 748,979,734 1,075,708,181
total deductions [10,14]
Constructive taxable income 80,005,681 83,205,831
from related foreign
corporations [15]
Net income (less deficit) 779,988,635 1,111,692,655
[10,14,15,16]
Net income [16] 1,175,608,990 1,455,796,796
Deficit [16] 395,620,355 344,104,141
Income subject to tax: [17]
Number of returns 660,582 664,616
Amount 699,336,915 857,391,889
Total income tax [18] 243,822,946 299,555,304
Regular tax [19] 241,275,165 296,200
Recapture of prior-year 10,740 9,557
investment credit
Alternative minimum tax: [20]
Number of returns 9,564 10,648
Amount 2,298,776 3,438,545
Tax credits: [21]
Total 66,305,542 75,119,947
Foreign tax credit: [22]
Number of returns 5,414 5,500
Amount 50,033,590 56,872,180
U.S. possessions tax 1,081,674 941,968
credit [22]
Nonconventional source 2,104,097 2,725,372
fuel credit
Qualified electric N/A N/A
vehicle credit
Qualified zone academy 103,058 117,895
bond credit
Prior-year minimum tax credit 3,355,062 3,737,618
General business credit 9,627,908 10,724,914
Empowerment zone employment 92,900 113,778
credit
General business current year
credit items: [23]
Investment credit 418,904 436,833
Work opportunity 273,875 304,039
credit/jobs credit
Alcohol fuel credit 8,112 11,843
Research activities credit 5,659,746 5,764,898
Orphan drug credit 173,848 209,488
Total income tax after 177,517,404 [r] 224,435,343
credits [24]
Item 2005
(7)
Number of returns, total [1] 5,671,257
Number with net income [1] 3,324,260
Consolidated returns [1,2,3] 46,328
S corporation returns [1,3,4] 3,684,086
Total assets [5] 66,445,429,787
Cash 2,823,419,976
Notes and accounts receivable 11,962,100,582
Less: Allowance for bad debts 170,466,986
Inventories [6] 1,505,452,196
Investments in U.S. Government 1,613,373,550
obligations
Tax-exempt securities [7] 1,468,019,062
Other current assets 5,309,202,111
Loans to shareholders 445,244,680
Mortgage and real 4,776,955,204
estate loans
Other investments 25,161,629,49
Depreciable assets 8,415,761,105
Less: Accumulated depreciation 4,096,350,302
Depletable assets 310,119,056
Less: Accumulated depletion 128,373,491
Land 406,830,196
Intangible assets (amortizable) 3,055,303,170
Less: Accumulated amortization 532,450,560
Other assets 4,119,560,739
Total liabilities [5] 66,445,429,787
Accounts payable [8] 6,028,618,202
Mortgages notes, and bonds 4,192,065,342
payable in less than 1 year
Other current liabilities [8] 16,510,644,978
Loans from shareholders 543,624,853
Mortgages, notes, and bonds
payable in 1 year or more 8,331,501,033
Other liabilities 7,314,067,770
Net worth 23,524,907,609
Capital stock 2,482,284,753
Additional paid-in capital 17,828,299,850
Retained earnings, appropriated 242,693,805
Retained earnings, 4,088,766,169
unappropriated [9]
Adjustments to shareholders' -42,269,533
equity [9]
Less: Cost of treasury stock 1,117,136,968
Total receipts [10] 25,504,789,203
Business receipts [10,11] 21,800,290,496
Interest on State and local
government obligations 61,174,727
Other interest [10,12] 1,712,270,625
Dividends received from 21,401,252
domestic corporations [10,12]
Dividends received from 362,945,282
foreign corporations [10]
Rents [10] 136,067,022
Royalties [10] 153,609,706
Net short-term capital gain 38,685,662
reduced by net long-term
capital loss
Net long-term capital gain 161,699,988
reduced by net
short-term capital loss
Net gain, noncapital 78,271,268
assets [11]
Other receipts 978,373,175
Total deductions [10] 23,612,765,507
Cost of goods sold [10] 13,816,464,452
Compensation of officers [10] 444,974,385
Repairs 154,331,486
Bad debts [10] 119,041,270
Rent paid on business 438,512,225
property [10]
Taxes paid [10] 472,952,167
Interest paid [10) 1,287,097,591
Contributions or gifts [10] 16,594,361
Amortization [10] 140,874,992
Depreciation [10] 530,931,029
Depletion [10,13] 15,421,478
Advertising [10] 253,187,675
Pension, profit-sharing, 146,824,063
stock bonus, and annuity
plans [13]
Employee benefit 303,141,008
programs [13]
Net loss, noncapital 38,000,708
assets [10,11]
Other deductions [13] 3,097,414,783
Total receipts less 1,892,023,696
total deductions [10,14]
Constructive taxable income 117,806,164
from related foreign
corporations [15]
Net income (less deficit) 1,948,655,133
[10,14,15,16]
Net income [16] 2,234,882,109
Deficit [16] 286,226,977
Income subject to tax: [17]
Number of returns 698,546
Amount 1,201,325,339
Total income tax [18] 419,209,279
Regular tax [19] 416,324,111
Recapture of prior-year 7,174
investment credit
Alternative minimum tax: [20]
Number of returns 13,619
Amount 3,339,891
Tax credits: [21]
Total 107,128,815
Foreign tax credit: [22]
Number of returns 6,016
Amount 82,051,187
U.S. possessions tax 883,735
credit [22]
Nonconventional source 3,418,404
fuel credit
Qualified electric N/A
vehicle credit
Qualified zone academy 135,121
bond credit
Prior-year minimum tax credit 7,134,874
General business credit 13,499,478
Empowerment zone employment 155,144
credit
General business current year
credit items: [23]
Investment credit 495,182
Work opportunity 448,720
credit/jobs credit
Alcohol fuel credit 9,271
Research activities credit 6,642,687
Orphan drug credit 232,185
Total income tax after 312,086,477
credits [24]
Footnotes
N/A--Not applicable.
[r] Revised.
[1] Excludes inactive corporation returns. Excludes taxable farmers'
cooperatives; Real Estate Mortgage Investment Conduits (REMICs);
Foreign Sales Corporations (FSCs) and Interest-Charge Domestic
International Sales Corporations (IC-DISCs). Because of the omission
of these categories of returns, annual totals for the income,
financial, and tax items shown in the statistics (except those not
applicable to IC-DISCs and FSCs, such as "income subject to tax,"
"income tax," and tax credits) are not altogether comparable.
Corporations that otherwise qualified as S corporations, but that had
subsidiaries, could qualify provided the subsidiaries also qualified
as S corporations. These subsidiaries, which filed separate returns
prior to 1987, are included in the income tax returns of the parent
S corporations. S corporation net income totals for receipts and
deductions are slightly understated to the extent that they are not
directly related to the "income from a trade or business" reported by
these companies and by the exclusion of certain amounts for Regulated
Investment Companies.
[2] Consolidated returns were filed on an elective basis for groups of
affiliated corporations (with exceptions), in general, if 80 percent
or more of the stock of the affiliates was owned within the group, and
a common parent corporation owned at least 80 percent of the stock of
at least one of the affiliates. Consolidated returns exclude S
corporations (defined in footnote 4), although, starting with 1997, S
corporation returns could include subsidiaries that were also S
corporations. Returns filed by parent S corporations which include
qualifying subsidiaries are included in the S corporation frequencies
shown below in Table 13. Consolidated returns also exclude all real
estate investment trusts (REITs).
[3] Included in "number of returns, total" and "number with
net income".
[4] In general, certain small qualifying corporations that elected to
be taxed at the shareholder level. These corporations could have no
more than 75 shareholders (mostly individuals). S corporation returns
could include subsidiaries if the subsidiaries also qualified as S
corporations, with income and financial data for both parent and
subsidiaries combined on the return of the parent corporation.
[5] Balance sheet data are end-of-year amounts.
[6] Inventories include amounts reported by real estate subdividers
and developers.
[7] Tax-exempt securities include not only investments in State and
local government obligations, but also stock in investment companies
that distributed dividends during the current year representing
tax-exempt interest on such obligations.
[8] Accounts payable of banking and savings and loan institutions
could include deposits and withdrawable shares, reported in "other
current liabilities" prior to 1991.
[9] Starting with 1998, amounts for "adjustments to shareholders'
equity" are reported separately on the tax return.
[10] In general, Statistics of Income data for receipts, deductions,
and net income (or deficit) of S corporations are limited to those
attributable to a trade or business. Therefore, most investment income
or loss, such as from taxable interest, dividends, rents, royalties,
and gain (loss) from sales of investment property; the deductions
related to this income; and deductions for charitable contributions,
intangible drilling and development costs, oil and gas depletion,
foreign taxes paid, and the limited expensing of the cost of
depreciable assets (Code section 179) are not reflected in net income
(because they were allocated directly to shareholders instead). See
also footnote 4.
Cost of goods sold applies when inventories are an income-determining
factor, i.e., when the corporation was engaged in the production,
manufacture, purchase, or sale of merchandise in the course of the
trade or business. For all years, identifiable amounts of depreciation,
depletion, amortization, taxes paid, advertising, bad debts,
compensation of officers, employee plan contributions, interest paid,
and rent found in taxpayer schedules in support of the total cost of
goods sold/cost were transferred to their respective deduction headings
for the statistics. This enabled more complete statistics for these
expenditures to be produced.
[11] "Business receipts" include the gross proceeds (netting during
statistical processing against the cost of these sales) reported by
stock and commodity brokers and exchanges, and by real estate
subdividers, developers, and operative builders, even when they bought
and sold securities, commodities, and real estate on their own
account.
[12] "Other interest" includes any dividends reported in combination
with interest on Form 1120S by S corporations, i.e., certain
corporations that elect to be taxed through shareholders (see
footnote 4).
[13] Identifiable amounts reported on Form 1120-A are included in
the statistics for the appropriate deduction. Starting with 1992,
"other deductions" include certain amounts previously treated as part
of the combined "cost of goods sold/cost of operations" for
Statistics of Income. See also footnote 10.
[14] In general, "total receipts less total deductions" include
tax-exempt interest on State and local government obligations, but
exclude income from related foreign corporations only
"constructively" received. As such, "total receipts less total
deductions" represent all income, taxable and nontaxable, "actually"
received by the corporation, as reported on the corporation income tax
return, and exclude all income only "constructively" or "deemed"
received. In contrast, "net income (less deficit)" represents all
taxable income, actually or constructively received. Therefore, in
the statistics, "total receipts less total deductions" minus
"nontaxable interest on State and local government obligations" plus
"constructive taxable income from related foreign corporations" equal
"net income (less deficit)." For the exception, due to Regulated
Investment Companies, see footnote 16.
[15] Represents "income" that was only "constructively" or "deemed"
received from foreign corporations and that was taxed to the U.S.
corporation. (In general, such income was otherwise subject to U.S.
income tax only when actually repatriated as dividends.) For the
statistics, it is the sum of "includable income of Controlled Foreign
Corporations" and the "foreign dividend gross-up," reported separately
on the tax return. The "includable income" was comprised of specific
types of undistributed income earned by a Controlled Foreign
Corporation that were taxed under certain conditions to the U.S.
shareholder corporations unless an actual "minimum distribution" was
made. The foreign dividend gross-up represents a share of the foreign
taxes paid on the profits of certain foreign subsidiaries out of which
they paid dividends to their U.S. parent corporations and for which
the parent corporation then claimed a foreign tax credit.
[16] "Net income (less deficit)," "net income," and "deficit" exclude:
(a) net long-term capital gain reduced by net short-term capital loss
reported by Regulated Investment Companies (see footnote 14), and (b)
amounts other than from a trade or business, i.e., portfolio and
rental income, reported by S corporations (see footnote 4). For
additional information about S corporation net income, see the various
articles on S corporations in the Bulletin , starting with 1990.
[17] For most years, "income subject to tax" (the corporate tax base)
exceeds "net income (less deficit)" in the statistics, chiefly
because of the deficits reported on returns without net income.
Moreover, it is the sum of the several tax bases applicable over time
to different classes of corporations, not all of which were directly
related to net income. Income subject to tax thus includes the
"taxable income" base used by most companies (and defined for the
statistics as net income minus certain statutory special nonbusiness
deductions, such as for intercorporate dividends received and "net
operating losses" carried forward from prior years). Profits of S
corporations were mostly taxed through shareholders (who had to be
individuals, estates, or trusts).
[18] Includes Personal Holding Company tax; tax on "branch profits"
of foreign corporations with U.S. operations; and certain lesser
taxes, including special taxes applicable to Real Estate Investment
Trusts (REITs) and foreign corporations with U.S.-source income.
Starting with the statistics shown for 1990, total income tax includes
an environmental excise tax reported on the corporation income tax
return and collected as part of the corporation income tax. This tax
was repealed, effective during 1996. "Total income tax" more closely
represents worldwide income tax liability because it is before
subtraction of the foreign tax credit, the largest of the tax credits.
To the extent that foreign tax credits adequately reflect the total
foreign income tax burden, total income tax includes these taxes. See
also footnotes 19, 21, and 24.
[19] Different tax rate structures applied for 1990-1992 and
1993-2003.
[20] Under AMT, corporations are required to compute their regular
tax liabilities and their "tentative minimum tax" liabilities. The
difference between the "tentative minimum tax" and the regular tax is
the legally defined alternative minimum tax. The AMT was designed to
ensure that, at least, a minimum amount of income tax was paid in
spite of the legitimate use of exclusions, deductions, and credits. The
tax computation formula was modified in 1990. For tax years beginning
after 1997, new corporations and certain small corporations were not
subject to the AMT.
[21] Tax credits are applied against "regular tax" only. See also
footnote 22.
[22] In publications prior to fall 2003, data in this table for
foreign tax credit for 1990, 1995, and 1998, and for U.S. possessions
credit for 1995, were revised, based on results of special studies.
Subsequently, the data have been restored to their original values to
be consistent with published corporate data and to be comparable with
data for 1999-2003.
[23] Not all components of the general business credit are shown
separately. Most components are subject to a combined overall
limitation. Therefore the amounts shown in the table are tentative.
Certain credits are subject to a separate limitation. For other changes
in the definition of components of the general business credit, see
Statistics of Income--Corporation Income Tax Returns, for the years
concerned.
[24] "Total income tax after credits" is before any examination or
enforcement activities by the Internal Revenue Service. It is the
amount payable to the U.S. Government as reported on the income tax
return. Because it is after subtraction of foreign tax credit, this
total does not include income taxes paid to foreign governments. In
publications prior to fall 2003, amounts shown for 1990, 1995, and
1998 had been revised because of revisions to the foreign tax credit
(for each of these years) and to the U.S. possessions credit (for
1995) based on special studies. Subsequently, the data have been
restored to their original values to be consistent with published
corporate data and to be comparable with data for 1999-2003.
NOTES: Statistics are for corporate accounting periods endind July of
one year through June of the next. Thus, for example, data for 2005
are for accounting periods ending July 2005 through June 2006. Detail
may not add to totals because of rounding. All amounts are in current
dollars. Most of the data are subject to sampling error. Tax law and
tax form changes affect the year-to-year comparability of the data.
Table 14a. Corporation Income Tax Returns: Selected Balance Sheet,
Income Statement, and Tax Items, by Standard Industrial
Classification (SIC) Industrial Division, Specified Income Years,
1985-1997
[All figures are estimates based on samples-money amounts
are in thousands of dollars]
Industrial division and item 1985 1990
(1) (2)
ALL INDUSTRIAL DIVISIONS [1]
Number of returns, total [2] 3,277,219 3,716,650
Number with net income [2] 1,820,120 1,910,670
Total assets [3] 12,773,093,888 18,190,057,609
Net worth [3] 3,303,698,576 4,738,917,553
Total receipts [4] 8,398,278,426 11,409,520,074
Business receipts [4,5] 7,369,538,953 11,409,520,074
Interest received (4,6] 637,786,939 977,402,674
Total deductions [4] 8,158,144,126 11,032,574,630
Cost of goods sold [4] 4,894,254,081 6,610,769,883
Interest paid 568,645,475 825,372,164
Net income (less deficit) [4] 240,119,020 370,632,632
Net income [4] 363,867,384 552,526,789
Deficit [4] 123,748,365 181,894,157
Total income tax [7] 111,340,839 128,185,666
Regular and alternative tax [8] 109,106,358 119,434,430
Total income tax after credits 63,348,204 96,403,099
AGRICULTURE, FORESTRY, AND
FISHING [1]
Number of returns, total [2] 103,156 126,423
Number with net income [2] 52,776 70,965
Total assets [3] 52,651,197 68,338,381
Net worth [3] 15,406,221 23,360,455
Total receipts [4] 70,491,486 88,101,065
Business receipts [4] 65,419,402 82,114,836
Interest received [4,6] 775,383 681,127
Total deductions [4] 70,559,478 86,883,128
Cost of goods sold [4] 45,085,526 52,758,720
Interest paid 2,758,952 2,852,242
Net income (less deficit) [4] -74,270 1,156,269
Net income [4] 2,930,905 4,328,433
Deficit [4] 3,005,175 3,172,164
Total income tax [7] 540,641 589,866
Regular and alternative tax [8] 531,787 569,812
Total income tax after credits 344,626 554,818
MINING [1]
Number of returns, total [2] 41,426 39,674
Number with net income [2] 18,031 18,436
Total assets [3] 240,815,996 219,197,640
Net worth [3] 104,772,797 110,339,579
Total receipts [4] 142,038,595 111,444,457
Business receipts [4] 126,710,610 97,321,579
Interest received [4,6] 3,584,890 3,849,674
Total deductions [4] 145,389,514 106,466,509
Cost of goods sold [4] 87,972,035 62,070,361
Interest paid 7,789,995 6,674,114
Net income (less deficit) [4] -2,543,487 5,302,223
Net income [4] 6,166,623 9,071,733
Deficit [4] 8,710,110 3,769,511
Total income tax [7] 1,810,559 2,223,977
Regular and altemativetax [8] 1,736,952 1,897,245
Total income tax after credits 557,519 1,348,333
CONSTRUCTION [1]
Number of returns, total [2] 318,276 406,874
Number with net income [2] 185,613 223,434
Total assets [3] 215,297,771 243,829,026
Net worth [3] 54,687,270 63,865,550
Total receipts [4] 387,232,953 534,654,044
Business receipts [4] 374,590,273 522,586,199
Interest received [4,6] 3,851,628 3,621,561
Total deductions [4] 382,823,113 527,800,795
Cost of goods sold [4] 295,803,244 407,448,745
Interest paid 6,407,652 7,368,430
Net income (less deficit) [4] 4,370,924 6,824,608
Net income [4] 11,053,145 15,859,977
Deficit [4] 6,682,220 9,035,370
Total income tax [7] 2,312,856 2,092,196
Regular and alternative tax [8] 2,243,786 1,983,902
Total income tax after credits 1,662,563 1,906,537
MANUFACTURING [1]
Number of returns, total [2] 276,545 301,669
Number with net income [2] 159,778 167,509
Total assets [3] 2,644,393,424 3,921,323,756
Net worth [3] 1,099,645,876 1,392,233,318
Total receipts [4] 2,831,062,496 3,688,693,895
Business receipts [4] 2,656,345,750 3,434,141,360
Interest received [4,6] 47,753,626 81,135,811
Total deductions [4] 2,733,105,346 3,545,121,842
Cost of goods sold [4] 1,797,852,805 2,377,226,499
Interest paid 90,452,072 151,214,835
Net income (less deficit) [4] 113,758,645 171,373,726
Net income [4] 142,541,119 212,936,099
Deficit [4] 28,782,474 41,562,373
Total income tax [7] 56,687,476 64,385,522
Regular and alternative tax [8] 55,553,921 60,664,655
Total income tax after credits 25,382,459 38,971,197
TRANSPORTATION AND PUBLIC
UTILITIES [1]
Number of returns, total [2] 138,337 160,353
Number with net income [2] 69,938 81,418
Total assets [3] 1,246,426,899 1,522,045,738
Net worth [3] 490,481,127 508,667,821
Total receipts [4] 772,358,188 936,277,062
Business receipts [4] 733,943,970 874,111,070
Interest received [4,6] 12,310,594 18,194,729
Total deductions [4] 747,836,158 900,960,832
Cost of goods sold [4] 381,028,354 405,924,209
Interest paid 44,880,858 59,190,735
Net income (less deficit) [4] 25,087,629 35,413,596
Net income [4] 37,880,144 51,490,850
Deficit [4] 12,392,516 16,077,254
Total income tax [7] 15,214,129 17,114,547
Regular and alternative tax [8] 14,881,470 15,228,031
Total income tax after credits 8,432,924 15,882,038
WHOLESALE AND RETAIL TRADE [1]
Number of returns, total [2] 917,301 1,023,057
Number with net income [2] 510,825 527,128
Total assets [3] 1,009,965,739 1,447,296,828
Net worth [3] 286,260,274 354,827,739
Total receipts [4] 2,473,865,453 3,308,988,336
Business receipts [4] 2,408,174,933 3,216,861,660
Interest received [4,6] 21,633,480 29,851,239
Total deductions [4] 2,440,403,373 3,279,066,687
Cost of goods sold [4] 1,869,766,621 2,482,483,270
Interest paid 38,218,998 63,914,431
Net income (less deficit) [4] 33,126,702 30,094,074
Net income [4] 51,434,500 65,383,876
Deficit [4] 18,307,798 35,289,798
Total income tax [7] 16,392,896 13,839,310
Regular and alternative tax [8] 16,130,885 13,324,360
Total income tax after credits 13,396,555 12,615,991
FINANCE, INSURANCE, AND REAL
ESTATE [1]
Number of returns, total [2] 518,432 609,138
Number with net income [2] 285,273 269,667
Total assets [3] 7,029,452,681 10,193,295,357
Net worth [3] 1,161,968,009 2,142,041,011
Total receipts [4] 1,182,034,309 1,954,709,651
Business receipts [5] 501,993,840 900,908,453
Interest received [4,6] 541,268,193 830,451,126
Total deductions [4] 1,104,572,202 1,809,867,575
Cost of goods sold [4] 237,577,803 526,244,728
Interest paid 363,009,417 506,921,011
Net income (less deficit) [4] 60,670,526 109,901,881
Net income [4] 90,546,934 158,458,842
Deficit [4] 29,876,408 48,556,962
Total income tax [7] 13,598,201 22,556,962
Regular and alternative tax [8] 13,369,981 20,709,720
Total income tax after credits 10,193,877 20,511,294
SERVICES [1]
Number of returns, total [2] 939,390 1,029,447
Number with net income [21 529,337 546,268
Total assets [3] 330,982,941 572,842,266
Net worth [3] 89,852,365 143,154,346
Total receipts [4] 534,587,609 779,329,609
Business receipts [4] 497,980,990 726,041,634
Interest received [4,6] 6,561,301 9,526,124
Total deductions [4] 528,685,613 769,035,909
Cost of goods sold [4] 176,070,808 290,965,307
Interest paid 15,027,259 27,188,190
Net income (less deficit) [4] 5,883,782 10,616,792
Net income [4] 21,124,460 34,850,560
Deficit [4] 15,240,678 24,233,768
Total income tax [7] 4,742,347 5,368,531
Regular and alternative tax [8] 4,621,875 5,041,377
Total income tax after credits 3,343,830 4,597,561
1995 1996
(3) (4)
ALL INDUSTRIAL DIVISIONS [1]
Number of returns, total [2] 4,474,167 4,631,370
Number with net income [2] 2,455,492 2,588,424
Total assets [3] 26,013,689,001 28,642,263,127
Net worth [3] 8,131,941,003 9,495,226,103
Total receipts [4] 14,539,050,114 15,525,718,006
Business receipts [4,5] 12,785,797,708 13,659,470,309
Interest received (4,6] 1,039,496,772 1,082,071,703
Total deductions [4] 13,821,277,581 14,728,089,018
Cost of goods sold [4] 8,206,073,365 8,707,100,240
Interest paid 744,764,676 770,885,334
Net income (less deficit) [4] 714,193,371 806,484,990
Net income [4] 880,653,345 986,782,683
Deficit [4] 166,459,975 180,297,692
Total income tax [7] 198,786,648 223,712,985
Regular and alternative tax [8] 193,564,219 219,756,610
Total income tax after credits 156,392,780 170,620,945
AGRICULTURE, FORESTRY, AND
FISHING [1]
Number of returns, total [2] 147,527 158,963
Number with net income [2] 79,320 90,012
Total assets [3] 86,298,574 94,140,118
Net worth [3] 30,102,131 32,757,173
Total receipts [4] 107,581,973 119,737,058
Business receipts [4] 100,630,952 111,727,224
Interest received [4,6] 640,032 759,958
Total deductions [4] 105,967,360 117,166,334
Cost of goods sold [4] 56,765,231 63,581,911
Interest paid 2,892,302 3,008,936
Net income (less deficit) [4] 1,604,481 2,614,131
Net income [4] 5,402,335 6,262,057
Deficit [4] 3,797,857 3,647,926
Total income tax [7] 661,579 764,345
Regular and alternative tax [8] 640,696 748,862
Total income tax after credits 611,254 659,991
MINING [1]
Number of returns, total [2] 35,123 35,799
Number with net income [2] 18,776 18,098
Total assets [3] 268,690,014 299,106,231
Net worth [3] 132,123,209 151,720,805
Total receipts [4] 126,760,491 141,278,092
Business receipts [4] 114,163,493 127,583,639
Interest received [4,6] 2,985,957 3,096,278
Total deductions [4] 121,397,443 133,385,823
Cost of goods sold [4] 70,550,767 78,022,883
Interest paid 6,071,863 6,179,872
Net income (less deficit) [4] 5,530,975 8,152,607
Net income [4] 9,364,612 12,112,260
Deficit [4] 3,833,637 3,959,653
Total income tax [7] 2,119,370 2,525,467
Regular and altemativetax [8] 1,900,482 2,348,394
Total income tax after credits 1,170,119 1,350,676
CONSTRUCTION [1]
Number of returns, total [2] 449,882 471,230
Number with net income [2] 275,375 300,890
Total assets [3] 265,812,616 284,595,206
Net worth [3] 86,553,081 92,427,338
Total receipts [4] 637,090,195 710,467,223
Business receipts [4] 627,463,416 699,596,890
Interest received [4,6] 2,068,327 2,089,412
Total deductions [4] 622,621,984 692,581,515
Cost of goods sold [4] 483,881,784 537,067,796
Interest paid 5,280,750 5,473,796
Net income (less deficit) [4] 14,458,024 17,878,460
Net income [4] 20,986,981 25,036,702
Deficit [4] 6,528,956 7,158,242
Total income tax [7] 2,462,222 2,958,069
Regular and alternative tax [8] 2,358,661 2,847,146
Total income tax after credits 2,281,929 2,667,923
MANUFACTURING [1]
Number of returns, total [2] 319,699 325,689
Number with net income [2] 185,590 191,254
Total assets [3] 4,941,072,530 5,425,184,773
Net worth [3] 1,739,529,985 1,966,849,122
Total receipts [4] 4,585,549,761 4,902,669,122
Business receipts [4] 4,290,704,760 4,567,209,064
Interest received [4,6] 86,746,437 102,537,639
Total deductions [4] 4,354,564,077 4,652,960,523
Cost of goods sold [4] 2,932,256,224 3,125,013,437
Interest paid 145,509,470 156,862,195
Net income (less deficit) [4] 260,909,947 286,059,822
Net income [4] 297,458,397 325,291,340
Deficit [4] 36,548,450 39,231,518
Total income tax [7] 83,817,532 95,502,448
Regular and alternative tax [8] 81,476,502 93,646,267
Total income tax after credits 54,302,936 58,883,875
TRANSPORTATION AND PUBLIC
UTILITIES [1]
Number of returns, total [2] 194,456 205,777
Number with net income [2] 107,285 111,811
Total assets [3] 1,903,213,778 2,069,453,023
Net worth [3] 633,131,635 714,120,889
Total receipts [4] 1,156,709,979 1,257,010,639
Business receipts [4] 1,086,623,231 1,183,959,691
Interest received [4,6] 22,314,329 23,432,987
Total deductions [4] 1,084,676,405 1,182,369,290
Cost of goods sold [4] 405,708,040 453,455,420
Interest paid 61,601,762 64,006,991
Net income (less deficit) [4] 72,911,176 75,400,172
Net income [4] 87,557,007 93,129,707
Deficit [4] 14,645,831 17,729,536
Total income tax [7] 27,186,351 28,376,759
Regular and alternative tax [8] 26,305,839 27,775,587
Total income tax after credits 24,836,272 25,963,903
WHOLESALE AND RETAIL TRADE [1]
Number of returns, total [2] 1,132,409 1,142,491
Number with net income [2] 626,022 652,504
Total assets [3] 1,919,717,823 2,016,232
Net worth [3] 533,870,160 568,677,377
Total receipts [4] 4,310,346,947 4,490,073,608
Business receipts [4] 4,206,376,331 4,383,103,174
Interest received [4,6] 30,425,682 31,317,702
Total deductions [4] 4,247,560,773 4,418,321,110
Cost of goods sold [4] 3,255,845,728 3,378,472,096
Interest paid 59,945,319 61,708,013
Net income (less deficit) [4] 63,566,712 73,353,268
Net income [4] 97,018,112 107,999,874
Deficit [4] 33,451,401 34,646,606
Total income tax [7] 20,301,551 22,694,239
Regular and alternative tax [8] 20,030,374 22,435,178
Total income tax after credits 18,475,921 20,732,232
FINANCE, INSURANCE, AND REAL
ESTATE [1]
Number of returns, total [2] 683,211 723,754
Number with net income [2] 317,410 341,136
Total assets [3] 15,677,286,629 17,360,053,164
Net worth [3] 4,668,579,685 5,605,211,611
Total receipts [4] 2,278,103,923 2,406,855,250
Business receipts [5] 1,094,870,564 1,176,179,679
Interest received [4,6] 879,763,014 901,666,932
Total deductions [4] 1,985,795,615 2,076,613,597
Cost of goods sold [4] 614,755,680 632,948,266
Interest paid 433,479,978 439,762,655
Net income (less deficit) [4] 256,810,767 299,149,193
Net income [4] 295,423,415 337,822,090
Deficit [4] 38,612,648 38,672,897
Total income tax [7] 51,874,358 58,301,659
Regular and alternative tax [8] 50,691,121 57,556,938
Total income tax after credits 45,988,431 50,181,634
SERVICES [1]
Number of returns, total [2] 1,504,230 1,557,401
Number with net income [21 843,922 881,427
Total assets [3] 950,737,457 1,092,310,137
Net worth [3] 307,630,801 363,120,124
Total receipts [4] 1,335,694,559 1,496,215,552
Business receipts [4] 1,263,790,767 1,408,716,487
Interest received [4,6] 14,541,126 17,157,456
Total deductions [4] 1,297,475,364 1,453,204,496
Cost of goods sold [4] 385,562,425 437,521,006
Interest paid 29,967,579 33,871,749
Net income (less deficit) [4] 38,407,562 43,952,204
Net income [4] 67,389,184 79,102,121
Deficit [4] 28,981,622 35,149,916
Total income tax [7] 10,358,678 12,588,705
Regular and alternative tax [8] 10,155,538 12,397,017
Total income tax after credits 8,720,911 10,179,417
(5)
ALL INDUSTRIAL DIVISIONS [1]
Number of returns, total [2] 4,710,083
Number with net income [2] 2,647,474
Total assets [3] 33,029,652,126
Net worth [3] 11,353,013,694
Total receipts [4] 16,609,707,302
Business receipts [4,5] 14,460,928,695
Interest received (4,6] 1,186,893,564
Total deductions [4] 15,704,242,236
Cost of goods sold [4] 9,114,245,646
Interest paid 866,474,183
Net income (less deficit) [4] 915,396,637
Net income [4] 1,117,825,239
Deficit [4] 202,428,602
Total income tax [7] 239,394,206
Regular and alternative tax [8] 235,325,362
Total income tax after credits 184,175,993
AGRICULTURE, FORESTRY, AND
FISHING [1]
Number of returns, total [2] 163,114
Number with net income [2] 91,984
Total assets [3] 91,984,030
Net worth [3] 32,990,807
Total receipts [4] 117,387,555
Business receipts [4] 107,930,422
Interest received [4,6] 601,918
Total deductions [4] 114,673,629
Cost of goods sold [4] 60,245,509
Interest paid 2,978,589
Net income (less deficit) [4] 2,673,835
Net income [4] 6,310,262
Deficit [4] 3,636,427
Total income tax [7] 659,642
Regular and alternative tax [8] 647,752
Total income tax after credits 599,082
MINING [1]
Number of returns, total [2] 32,996
Number with net income [2] 17,281
Total assets [3] 324,294,826
Net worth [3] 165,095,652
Total receipts [4] 150,318,265
Business receipts [4] 134,379,404
Interest received [4,6] 3,708,511
Total deductions [4] 141,046,419
Cost of goods sold [4] 78,465,626
Interest paid 6,768,047
Net income (less deficit) [4] 9,728,562
Net income [4] 14,191,366
Deficit [4] 4,462,804
Total income tax [7] 3,141,128
Regular and altemativetax [8] 2,951,254
Total income tax after credits 2,019,716
CONSTRUCTION [1]
Number of returns, total [2] 487,783
Number with net income [2] 307,733
Total assets [3] 314,551,349
Net worth [3] 99,144,660
Total receipts [4] 779,014,473
Business receipts [4] 768,122,399
Interest received [4,6] 2,079,884
Total deductions [4] 758,429,123
Cost of goods sold [4] 589,184,488
Interest paid 5,949,039
Net income (less deficit) [4] 20,522,439
Net income [4] 27,816,466
Deficit [4] 7,294,027
Total income tax [7] 2,953,440
Regular and alternative tax [8] 2,846,960
Total income tax after credits 2,817,961
MANUFACTURING [1]
Number of returns, total [2] 325,045
Number with net income [2] 195,038
Total assets [3] 5,966,306,398
Net worth [3] 2,110,695,629
Total receipts [4] 5,177,663,770
Business receipts [4] 4,794,291,330
Interest received [4,6] 116,819,943
Total deductions [4] 4,910,704,056
Cost of goods sold [4] 3,241,577,938
Interest paid 175,064,011
Net income (less deficit) [4] 305,958,154
Net income [4] 352,453,829
Deficit [4] 46,495,675
Total income tax [7] 101,849,787
Regular and alternative tax [8] 100,318,010
Total income tax after credits 64,307,381
TRANSPORTATION AND PUBLIC
UTILITIES [1]
Number of returns, total [2] 209,412
Number with net income [2] 110,657
Total assets [3] 2,219,019,293
Net worth [3] 762,083,589
Total receipts [4] 1,330,726,431
Business receipts [4] 1,247,593,251
Interest received [4,6] 26,135,120
Total deductions [4] 1,260,911,843
Cost of goods sold [4] 482,982,473
Interest paid 69,385,093
Net income (less deficit) [4] 70,984,769
Net income [4] 95,097,536
Deficit [4] 24,112,767
Total income tax [7] 28,506,843
Regular and alternative tax [8] 27,790,676
Total income tax after credits 25,582,369
WHOLESALE AND RETAIL TRADE [1]
Number of returns, total [2] 1,149,132
Number with net income [2] 656,288
Total assets [3] 1,947,931,949
Net worth [3] 613,532,103
Total receipts [4] 4,703,816,853
Business receipts [4] 4,588,802,594
Interest received [4,6] 31,259,696
Total deductions [4] 4,624,196,186
Cost of goods sold [4] 3,523,438,346
Interest paid 65,839,595
Net income (less deficit) [4] 81,584,637
Net income [4] 117,042,233
Deficit [4] 35,457,596
Total income tax [7] 23,871,953
Regular and alternative tax [8] 23,550,018
Total income tax after credits 21,959,617
FINANCE, INSURANCE, AND REAL
ESTATE [1]
Number of returns, total [2] 744,545
Number with net income [2] 344,625
Total assets [3] 20,905,619,903
Net worth [3] 7,155,654,580
Total receipts [4] 2,282,307,615
Business receipts [5] 1,182,307,615
Interest received [4,6] 987,114,539
Total deductions [4] 2,304,339,835
Cost of goods sold [4] 661,222,720
Interest paid 501,112,985
Net income (less deficit) [4] 373,482,032
Net income [4] 413,000,341
Deficit [4] 39,518,308
Total income tax [7] 63,604,700
Regular and alternative tax [8] 62,650,267
Total income tax after credits 54,777,098
SERVICES [1]
Number of returns, total [2] 1,592,854
Number with net income [21 921,533
Total assets [3] 1,259,381,543
Net worth [3] 413,665,895
Total receipts [4] 1,638,587,903
Business receipts [4] 1,536,597,024
Interest received [4,6] 19,166,408
Total deductions [4] 1,589,010,688
Cost of goods sold [4] 476,468,909
Interest paid 39,371,150
Net income (less deficit) [4] 50,470,448
Net income [4] 91,879,768
Deficit [4] 41,409,320
Total income tax [7] 14,804,587
Regular and alternative tax [8] 14,568,298
Total income tax after credits 12,110,639
Footnotes
[1] Industrial classification is based on the product or service
accounting for the largest percentage of "total receipts."
(Total receipts are the sum of business or gross receipts, plus
capital gains and income from investments, including rentals.)
Starting with 1998, this classification is based on the North
American Industry Classification System (NAICS), which
replaced the Standard Industrial Classification (SIC) system. The
SIC, in its various versions, was used to classify statistics for
the years before 1998. Both systems were intended for Governmentwide
use in classifying business statistics. (For information about NAICS
and its usage in Canadian, Mexican, and U.S. Government statistics,
see the Statistics of Income Bulletin , Summer 1997, Volume 17,
Number 1, pp. 3-5.) Because there are substantial differences between
NAICS and its predecessor SIC system, data by "industrial sector" for
years beginning with 1998 (Table 14b) are shown apart from data for
earlier years by "industrial division" (Table 14a). As an example
of differences between the two systems, using NAICS, Statistics of
Income classifies banks that were bank holding companies in the
new "management of companies (holding companies)" sector, instead of
in the "finance and insurance" sector. Using the SIC, bank holding
companies had previously been classified in the "finance, insurance,
and real estate" industrial division. For additional information
about breaks in comparability caused by the changeover to NAICS,
see Statistics of Income--1998, Corporation Income Tax Returns. If
information for the business activity and product was not discernible
from the corporation income tax return, the return was classified as
with nature of business "not allocable." Data for nature of business
"not allocable" are included in the totals for "all industrial
divisions" (Table 14a) and "all industrial sectors" (Table 14b), but
are not shown separately. Therefore, in addition to rounding
differences, the statistics by industrial division or sector will
not add to their respective grand totals.
[2] See Table 13, footnote 1.
[3] Balance sheet data are end-of-year amounts. Net worth is
the sum of "capital stock," "additional paid-in capital," "retained
earnings, appropriated," "retained earnings, unappropriated," and
"adjustments to shareholders' equity" minus "cost of treasury
stock." (Prior to 1997, data for "retained earnings,
unappropriated" included "adjustments to shareholders' equity,"
not reported separately on the tax return.) Each of these
amounts is presented separately in Table 13.
[4] See Table 13, footnotes 10 and 14.
[5] See Table 13, footnote 11.
[6] Interest received is the sum of "interest on State and
local government obligations" (i.e., tax-exempt interest)
and "other interest" (which includes interest paid by banking
and savings institutions). Data for both of these amounts are
presented separately in Table 13. See also Table 13, footnote 12.
[7] In addition to regular tax (and alternative tax) for years
prior to 1988, includes certain other taxes either shown
separately in Table 13 or mentioned in Table 13, footnote 18.
[8] Beginning with tax year 1987, "Alternative tax" was repealed.
See also Table 13, footnote 19.
NOTES: Statistics are for corporate accounting periods ended July
of one year through June of the next. Thus, for example, data for
1997 are for accounting periods ended July 1997 through June 1998.
Data may not add to totals because of rounding. All amounts are in
current dollars. Most of the data are subject to sampling errors. Tax
law and tax form changes affect the year-to-year comparability of
the data.
SOURCE: Statistics of Income--Corporation Income Tax Returns.
Table 14b. Corporation Income Tax Returns: Selected Balance Sheet,
Income Statement, and Tax Items, by North American Industry
Classification System (NAICS) Industrial Sector, Income Years
2000-2005
(All figures are estimates based on samples-money amounts
are in thousands of dollars)
Industrial sector and item 2000 2001
(1) (2)
ALL INDUSTRIAL SECTORS [1]
Number of returns, total [2] 5,045,274 5,135,591
Number with net income [2] 2,819,153 2,822,302
Total assets [3] 47,026,871,874 49,154,424,202
Net worth [3] 17,348,650,369 17,614,743,174
Total receipts [4] 20,605,808,071 20,272,957,624
Business receipts [4,5] 17,636,551,349 17,504,288,630
Interest received [4,6] 1,628,041,441 1,499,683,236
Total deductions [4] 19,691,591,726 19,682,982,949
Cost of goods sold [4] 11,135,287,909 11,041,533,030
Interest paid 1,271,678,744 1,203,045,923
Net income (less deficit 927,525,517 603,623,352
Net income [4] 1,336,619,605 1,112,480,551
Deficit [4] 409,094,088 508,857,198
Total income tax 266,281,801 220,874,245
Regular tax 262,232,738 218,675,610
Total income tax after 204,043,788 166,711,988
AGRICULTURE, FORESTRY,
HUNTING, AND FISHING [1]
Number of returns, total [2] 140,851 140,806
Number with net income [2] 79,678 74,106
Total assets [3] 105,715,035 104,902,187
Net worth [3] 38,692,638 36,636,289
Total receipts [4] 117,135,698 115,434,441
Business receipts [4] 106,085,760 102,909,416
Interest received [4,6] 622,013 541,280
Total deductions [4] 115,914,854 114,621,084
Cost of goods sold [4] 59,844,373 54,841,323
Interest paid 3,580,884 3,280,134
Net income (less deficit) 1,220,273 1,064,909
Net income [4] 6,135,371 5,981,691
Deficit [4] 4,915,098 4,916,782
Total income tax [7] 563,797 619,708
Regular tax 553,484 615,617
Total income tax 553,231 514,046
MINING [1]
Number of returns, total [2] 32,578 31,776
Number with net income [2] 18,430 18,942
Total assets [3] 410,747,979 448,910,140
Net worth [3] 198,479,943 231,706,800
Total receipts [4] 158,618,629 169,539,555
Business receipts [4] 140,917,053 151,151,906
Interest received [4,6] 4,926,125 4,088,184
Total deductions [4] 149,060,709 160,816,530
Cost of goods sold [4] 75,033,998 80,548,021
Interest paid 10,125,194 9,923,985
Net income (less deficit) [4] 10,355,698 9,406,304
Net income [4] 15,616,089 16,240,479
Deficit [4] 5,260,391 6,834,176
Total income tax [7] 3,231,554 3,026,385
Regular tax 3,091,343 2,900,460
Total income tax after credits 2,050,087 2,064,114
WHOLESALE AND RETAIL TRADE [1]
Number of returns, total [2] 959,575 963,403
Number with net income [2] 547,118 552,571
Total assets [3] 2,307,635,980 2,311,538,349
Net worth [3] 752,937,787 775,273,224
Total receipts [4] 5,397,024,981 5,312,289,788
Business receipts [4] 5,267,581,834 5,183,197,415
Interest received [4,6] 27,158,306 21,959,651
Total deductions [4] 5,314,154,542 5,239,282,835
Cost of goods sold [4] 4,116,888,584 4,036,920,370
Interest paid 68,090,598 59,251,050
Net income (less deficit) [4] 85,176,192 75,366,514
Net income [4] 139,241,630 128,763,355
Deficit [4] 54,065,438 53,396,841
Total income tax [7] 29,752,161 26,419,726
Regular tax 29,389,721 26,309,437
Total income tax after credits 27,782,180 24,749,298
TRANSPORTATION AND
WAREHOUSING [1]
Number of returns, total [2] 160,437 164,492
Number with net income [2] 84,271 84,837
Total assets [3] 531,565,047 531,565,543
Net worth [3] 166,587,366 156,710,830
Total receipts [4] 527,167,358 516,415,672
Business receipts [4] 505,713,781 493,765,699
Interest received [4,6] 5,821,233 4,819,977
Total deductions [4] 519,789,746 523,754,808
Cost of goods sold [4] 162,300,008 143,664,961
Interest paid 15,623,451 14,544,173
Net income (less deficit) [4] 7,913,968 -7,061,072
Net income [4] 19,125,558 14,117,899
Deficit [4] 11,211,590 21,178,971
Total income tax [7] 4,328,980 3,061,717
Regular tax 4,238,681 2,965,899
Total income tax after credits 3,745,610 2,836,333
INFORMATION [1]
Number of returns, total [2] 118,073 115,435
Number with net income [2] 51,357 47,156
Total assets [3] 3,034,923,999 3,149,915,940
Net worth [3] 1,343,743,493 1,361,280,253
Total receipts [4] 967,190,036 946,598,108
Business receipts [4] 817,186,647 815,772,817
Interest received [4,6] 40,293,352 37,267,880
Total deductions [4] 963,202,354 986,220,330
Cost of goods sold [4] 220,902,262 213,276,295
Interest paid 73,850,231 76,883,082
Net income (less deficit) [4] 5,888,634 -37,658,246
Net income [4] 92,587,270 59,616,076
Deficit [4] 86,698,635 97,274,322
Total income tax [7] 25,616,216 16,406,635
Regular tax 24,990,024 16,309,070
Total income tax after credits 21,997,317 11,797,175
MANAGEMENT OF COMPANIES
(HOLDING COMPANIES) [1]
Number of returns, total [2] 47,542 47,866
Number with net income [2] 20,979 19,818
Total assets [3] 7,917,530,297 9,356,898,892
Net worth [3] 1,237,344,020 1,386,169,730
Total receipts [4] 693,453,386 788,062,467
Business receipts [4] 127,242,280 175,450,783
Interest received [4,6] 435,503,757 457,053,813
Total deductions [4] 613,412,225 702,054,817
Cost of goods sold [4] 7,403,101 18,585,287
Interest paid 293,846,786 290,735,669
Net income (less deficit) [4] 78,208,116 83,216,188
Net income [4] 83,529,280 89,526,734
Deficit [4] 5,321,164 6,310,546
Total income tax [7] 26,800,031 28,535,815
Regular tax 26,708,372 28,461,711
Total income tax after credits 21,745,792 23,256,377
ADMINISTRATIVE AND SUPPORT
AND WASTE MANAGEMENT AND
REMEDIATION SERVICES [1]
Number of returns, total [2] 211,993 223,999
Number with net income [2] 128,738 135,234
Total assets [3] 218,894,160 231,139,131
Net worth [3] 61,423,215 64,950,551
Total receipts [4] 325,399,872 352,935,179
Business receipts [4] 313,932,798 339,002,912
Interest received [4,6] 2,281,559 1,790,626
Total deductions [4] 321,181,269 345,441,035
Cost of goods sold [4] 138,959,356 152,621,002
Interest paid 7,500,383 7,002,692
Net income (less deficit) [4] 4,337,453 7,609,771
Net income [4] 12,211,170 14,784,895
Deficit [4] 7,873,717 7,175,123
Total income tax [7] 1,544,394 1,951,046
Regular tax 1,530,854 1,928,166
Total income tax after credits 1,278,157 1,520,665
EDUCATIONAL SERVICES [1]
Number of returns, total [2] 36,756 38,480
Number with net income [2] 23,516 19,336
Total assets [3] 15,347,835 16,497,219
Net worth [3] 5,899,320 6,192,337
Total receipts [4] 25,236,070 26,922,736
Business receipts [4] 22,021,416 25,148,309
Interest received [4,6] 159,191 113,946
Total deductions [4] 24,488,516 26,509,597
Cost of goods sold [4] 4,195,289 4,820,315
Interest paid 346,595 338,259
Net income (less deficit) [4] 743,338 420,744
Net income [4] 1,758,495 1,641,837
Deficit [4] 1,015,157 1,221,094
Total income tax [7] 297,442 229,931
Regular tax 296,332 229,079
Total income tax after credits 287,334 218,742
UTILITIES [1]
Number of returns, total [2] 7,044 7,968
Number with net income [2] 4,620 4,276
Total assets [3] 1,171,606,471 1,556,911,256
Net worth [3] 374,868,607 382,030,374
Total receipts [4] 516,184,353 756,808,494
Business receipts [4] 478,836,511 707,815,083
Interest received [4,6] 9,222,895 12,932,306
Total deductions [4] 477,659,203 728,553,279
Cost of goods sold [4] 301,858,130 517,574,723
Interest paid 30,445,753 39,224,772
Net income (less deficit) [4] 39,017,164 29,169,974
Net income [4] 42,332,613 35,279,980
Deficit [4] 3,315,449 6,110,006
Total income tax [7] 14,087,853 10,617,977
Regular tax 13,916,825 10,420,441
Total income tax after credits 12,912,267 9,383,513
CONSTRUCTION [1]
Number of returns, total [2] 580,302 597,902
Number with net income [2] 374,809 373,746
Total assets [3] 463,072,728 504,719,698
Net worth [3] 139,215,432 149,948,101
Total receipts [4] 990,661,562 1,051,896,139
Business receipts [4] 973,521,174 1,034,087,166
Interest received [4,6] 3,050,095 3,466,222
Total deductions [4] 957,850,706 1,019,743,542
Cost of goods sold [4] 734,146,024 776,692,461
Interest paid 8,717,303 10,202,001
Net income (less deficit) [4] 32,654,317 32,067,010
Net income [4] 42,285,794 43,775,887
Deficit [4] 9,631,477 11,708,877
Total income tax [7] 4,375,585 4,460,645
Regular tax 4,280,010 4,373,768
Total income tax after credits 4,142,447 4,308,656
MANUFACTURING [1]
Number of returns, total [2] 297,714 288,506
Number with net income [2] 184,923 168,580
Total assets [3] 6,812,198,288 7,830,525,859
Net worth [3] 2,347,201,417 2,919,128,199
Total receipts [4] 5,207,025,164 5,741,290,322
Business receipts [4] 4,801,823,220 5,259,173,394
Interest received [4,6] 113,423,902 136,081,123
Total deductions [4] 4,996,507,899 5,514,263,661
Cost of goods sold [4] 3,278,506,854 3,646,003,664
Interest paid 184,827,327 216,950,701
Net income (less deficit) [4] 247,281,612 271,917,037
Net income [4] 311,008,480 355,433,559
Deficit [4] 63,726,868 83,516,521
Total income tax [7] 87,650,593 102,107,461
Regular tax 86,663,477 100,717,097
Total income tax after credits 56,836,653 62,146,298
FINANCE AND INSURANCE [1]
Number of returns, total [2] 217,780 221,394
Number with net income [2] 134,024 140,245
Total assets [3] 19,824,587,927 20,812,549,796
Net worth [3] 8,940,180,581 9,508,950,313
Total receipts [4] 3,008,131,381 2,915,539,562
Business receipts [4,5] 1,740,167,487 1,525,629,096
Interest received [4,6] 811,320,049 936,422,920
Total deductions [4] 2,610,951,725 2,499,971,633
Cost of goods sold [4] 1,162,852,049 875,995,480
Interest paid 392,893,417 474,253,886
Net income (less deficit) [4] 360,667,738 379,017,708
Net income [4] 393,580,700 422,936,185
Deficit [4] 32,912,962 43,918,477
Total income tax [7] 40,300,522 43,609,913
Regular tax 39,435,856 42,763,433
Total income tax after credits 33,861,687 36,939,212
REAL ESTATE AND
RENTAL AND LEASING [1]
Number of returns, total [2] 521,447 532,426
Number with net income [2] 207,998 212,683
Total assets [3] 555,038,279 562,512,765
Net worth [3] 148,473,459 155,887,764
Total receipts [4] 215,874,696 235,179,818
Business receipts [4,5] 185,450,183 204,519,672
Interest received [4,6] 6,782,681 5,525,181
Total deductions [4] 209,273,861 228,930,442
Cost of goods sold [4] 44,747,394 50,813,666
Interest paid 16,981,007 18,199,502
Net income (less deficit) [4] 6,486,094 6,137,855
Net income [4] 17,966,220 19,286,447
Deficit [4] 11,480,126 13,148,592
Total income tax [7] 2,530,093 2,454,250
Regular tax 2,377,866 2,376,474
Total income tax after credits 2,395,153 2,347,572
PROFESSIONAL, SCIENTIFIC,
AND TECHNICAL SERVICES [1]
Number of returns, total [2] 657,153 689,412
Number with net income [2] 409,951 409,706
Total assets [3] 373,290,013 499,987,766
Net worth [3] 139,391,301 213,025,814
Total receipts [4] 604,083,026 658,747,358
Business receipts [4] 576,276,292 623,368,137
Interest received [4,6] 4,427,474 7,621,540
Total deductions [4] 591,035,814 666,570,144
Cost of goods sold [4] 183,976,411 202,015,796
Interest paid 7,612,211 10,317,850
Net income (less deficit) [4] 13,263,768 -7,551,100
Net income [4] 39,516,735 42,508,155
Deficit [4] 26,252,968 50,059,255
Total income tax [7] 4,784,997 4,910,603
Regular tax 4,735,208 4,879,740
Total income tax after credits 4,088,564 4,394,637
HEALTH CARE AND
SOCIAL ASSISTANCE [1]
Number of returns, total [2] 303,499 306,352
Number with net income [2] 179,919 188,153
Total assets [3] 216,011,347 220,349,973
Net worth [3] 65,619,372 64,661,550
Total receipts [4] 385,912,697 417,490,766
Business receipts [4] 371,442,071 403,580,914
Interest received [4,6] 1,808,445 2,067,609
Total deductions [4] 380,770,874 409,842,606
Cost of goods sold [4] 46,030,202 53,847,300
Interest paid 7,731,279 8,324,621
Net income (less deficit) [4] 5,076,755 7,649,931
Net income [4] 15,190,047 17,011,710
Deficit [4] 10,113,292 9,361,779
Total income tax [7] 1,779,862 1,663,812
Regular tax 1,762,161 1,651,580
Total income tax after credits 1,726,157 1,559,356
ARTS, ENTERTAINMENT,
AND RECREATION [1]
Number of returns, total [2] 93,922 97,866
Number with net income [2] 44,376 44,318
Total assets [3] 81,870,705 75,631,069
Net worth [3] 22,987,987 19,953,303
Total receipts [4] 76,849,223 70,085,901
Business receipts [4] 70,756,712 64,157,666
Interest received [4,6] 1,001,877 1,067,454
Total deductions [4] 76,004,686 69,649,259
Cost of goods sold [4] 15,558,840 14,012,402
Interest paid 3,153,120 3,133,918
Net income (less deficit) [4] 821,493 413,339
Net income [4] 4,931,288 5,038,654
Deficit [4] 4,109,794 4,625,314
Total income tax [7] 498,551 508,011
Regular tax 452,837 494,747
Total income tax after credits 452,800 447,722
ACCOMMODATION, FOOD SERVICES,
AND DRINKING PLACES [1]
Number of returns, total [2] 252,113 257,525
Number with net income [2] 122,757 134,231
Total assets [3] 307,607,229 326,257,810
Net worth [3] 97,933,991 99,048,857
Total receipts [4] 342,083,590 375,040,371
Business receipts [4] 318,528,271 346,989,626
Interest received [4,6] 3,924,941 4,529,172
Total deductions [4] 332,848,457 364,913,806
Cost of goods sold [4] 131,317,833 143,111,384
Interest paid 12,290,148 14,325,258
Net income (less deficit) [4] 10,066,516 10,316,662
Net income [4] 16,629,585 17,113,147
Deficit [4] 6,563,069 6,796,485
Total income tax [7] 3,128,707 3,104,821
Regular tax 3,036,759 3,049,904
Total income tax after credits 2,315,528 2,390,708
OTHER SERVICES [1]
Number of returns, total [2] 316,138 325,602
Number with net income [2] 182,268 187,784
Total assets [3] 93,844,830 98,164,009
Net worth [3] 30,704,809 33,548,788
Total receipts [4] 170,060,184 174,835,529
Business receipts [4] 164,175,721 168,989,458
Interest received [4,6] 1,561,266 840,414
Total deductions [4] 165,502,185 170,800,214
Cost of goods sold [4] 68,810,776 70,937,697
Interest paid 3,748,882 3,035,734
Net income (less deficit) [4] 4,547,256 4,039,477
Net income [4] 7,811,408 7,750,193
Deficit [4] 3,264,152 3,710,716
Total income tax [7] 697,705 616,629
Regular tax 694,957 614,779
Total income tax after credits 674,380 580,567
Industrial sector and item 2002 2003
(3) (4)
ALL INDUSTRIAL SECTORS [1]
Number of returns, total [2] 5,266,607 5,401,237
Number with net income [2] 2,800,517 2,932,115
Total assets [3] 50,413,501,942 53,644,784,683
Net worth [3] 17,545,109,175 18,818,686,574
Total receipts [4] 19,749,426,052 20,689,574,291
Business receipts [4,5] 17,297,125,146 18,264,393,898
Interest received [4,6] 1,233,298,115 1,132,675,179
Total deductions [4] 19,198,882,118 19,940,594,557
Cost of goods sold [4] 10,607,404,004 11,318,644,763
Interest paid 912,751,562 818,016,806
Net income (less deficit 563,656,558 779,988,635
Net income [4] 1,053,126,217 1,175,608,990
Deficit [4] 489,469,660 395,620,355
Total income tax 209,691,130 2 43,822,946
Regular tax 207,056,104 241,275,165
Total income tax after 153,612,870 177,517,404
AGRICULTURE, FORESTRY,
HUNTING, AND FISHING [1]
Number of returns, total [2] 140,223 143,019
Number with net income [2] 65,499 77,281
Total assets [3] 105,500,630 111,325,927
Net worth [3] 35,767,420 37,169,357
Total receipts [4] 119,151,243 125,741,451
Business receipts [4] 107,931,393 113,828,382
Interest received [4,6] 374,767 368,971
Total deductions [4] 119,774,426 124,462,063
Cost of goods sold [4] 60,121,105 62,045,324
Interest paid 2,923,041 2,733,424
Net income (less deficit) -587,571 1,332,547
Net income [4] 4,852,284 6,339,974
Deficit [4] 5,439,855 5,007,428
Total income tax [7] 403,902 644,189
Regular tax 399,926 635,750
Total income tax 386,944 592,886
MINING [1]
Number of returns, total [2] 30,287 30,252
Number with net income [2] 15,095 17,152
Total assets [3] 449,429,859 421,276,319
Net worth [3] 233,250,469 196,639,943
Total receipts [4] 157,298,844 194,190,254
Business receipts [4] 142,247,484 178,319,223
Interest received [4,6] 3,225,286 3,174,095
Total deductions [4] 156,911,742 184,237,912
Cost of goods sold [4] 78,092,277 98,177,788
Interest paid 9,016,218 9,240,463
Net income (less deficit) [4] 1,344,239 10,683,846
Net income [4] 9,851,990 17,265,488
Deficit [4] 8,507,752 6,581,642
Total income tax [7] 2,087,504 3,547,275
Regular tax 1,993,356 3,453,291
Total income tax after credits 1,010,103 2,030,356
WHOLESALE AND RETAIL TRADE [1]
Number of returns, total [2] 964,523 975,011
Number with net income [2] 514,346 538,287
Total assets [3] 2,412,864,112 2,458,482,333
Net worth [3] 812,930,683 859,282,017
Total receipts [4] 5,403,353,886 5,736,011,994
Business receipts [4] 5,278,843,887 5,601,105,942
Interest received [4,6] 19,509,672 17,660,874
Total deductions [4] 5,318,817,046 5,631,362,037
Cost of goods sold [4] 4,083,064,952 4,352,429,283
Interest paid 50,534,463 46,478,485
Net income (less deficit) [4] 87,018,582 108,098,908
Net income [4] 135,027,304 154,567,691
Deficit [4] 48,008,722 46,468,782
Total income tax [7] 27,469,057 32,256,691
Regular tax 27,296,326 32,120,034
Total income tax after credits 25,568,842 29,692,890
TRANSPORTATION AND
WAREHOUSING [1]
Number of returns, total [2] 177,745 182,881
Number with net income [2] 91,226 95,352
Total assets [3] 536,270,300 558,278,543
Net worth [3] 144,702,207 156,846,724
Total receipts [4] 533,613,159 571,417,174
Business receipts [4] 510,816,998 547,730,745
Interest received [4,6] 3,982,958 3,026,793
Total deductions [4] 542,412,614 570,180,006
Cost of goods sold [4] 151,927,768 193,253,719
Interest paid 19,266,450 12,624,295
Net income (less deficit) [4] -8,648,139 1,608,015
Net income [4] 14,490,713 15,802,242
Deficit [4] 23,138,852 14,194,227
Total income tax [7] 2,915,569 3,165,216
Regular tax 2,817,395 3,152,330
Total income tax after credits 2,725,995 2,740,308
INFORMATION [1]
Number of returns, total [2] 120,271 119,875
Number with net income [2] 49,492 54,608
Total assets [3] 2,993,759,005 2,691,139,228
Net worth [3] 1,273,397,574 1,182,146,927
Total receipts [4] 909,195,188 938,674,058
Business receipts [4] 799,441,224 822,160,145
Interest received [4,6] 32,097,945 28,478,715
Total deductions [4] 946,955,633 947,864,644
Cost of goods sold [4] 205,183,275 213,052,675
Interest paid 69,536,498 62,442,478
Net income (less deficit) [4] -33,996,597 -3,996,010
Net income [4] 48,623,452 55,309,436
Deficit [4] 82,620,049 59,305,447
Total income tax [7] 12,104,214 14,026,180
Regular tax 12,076,847 13,897,774
Total income tax after credits 7,795,636 10,295,637
MANAGEMENT OF COMPANIES
(HOLDING COMPANIES) [1]
Number of returns, total [2] 48,053 46,887
Number with net income [2] 21,267 18,786
Total assets [3] 9,739,201,697 10,094,909,965
Net worth [3] 1,482,596,398 1,311,562,906
Total receipts [4] 689,799,466 677,082,366
Business receipts [4] 170,514,329 190,225,987
Interest received [4,6] 361,954,366 339,679,108
Total deductions [4] 602,603,758 581,498,091
Cost of goods sold [4] 11,077,288 9,517,497
Interest paid 186,561,412 158,380,777
Net income (less deficit) [4] 84,572,187 93,462,818
Net income [4] 94,494,581 100,808,637
Deficit [4] 9,922,394 7,345,819
Total income tax [7] 30,444,748 32,182,303
Regular tax 30,408,844 32,122,396
Total income tax after credits 24,905,354 25,674,080
ADMINISTRATIVE AND SUPPORT
AND WASTE MANAGEMENT AND
REMEDIATION SERVICES [1]
Number of returns, total [2] 231,412 242,904
Number with net income [2] 134,003 151,327
Total assets [3] 258,705,414 274,758,410
Net worth [3] 77,291,090 80,911,300
Total receipts [4] 350,216,846 377,940,515
Business receipts [4] 338,209,323 359,890,965
Interest received [4,6] 1,881,731 2,080,683
Total deductions [4] 345,261,614 370,864,108
Cost of goods sold [4] 149,702,110 170,893,885
Interest paid 6,199,583 6,503,972
Net income (less deficit) [4] 5,036,076 7,194,381
Net income [4] 13,491,618 14,226,924
Deficit [4] 8,455,542 7,032,543
Total income tax [7] 1,605,012 1,304,340
Regular tax 1,586,118 1,270,470
Total income tax after credits 1,393,675 1,092,221
EDUCATIONAL SERVICES [1]
Number of returns, total [2] 41,317 44,059
Number with net income [2] 20,525 21,688
Total assets [3] 16,492,830 19,947,248
Net worth [3] 6,195,219 7,265,582
Total receipts [4] 25,972,274 30,684,279
Business receipts [4] 24,509,009 29,746,218
Interest received [4,6] 90,703 86,397
Total deductions [4] 24,969,680 29,222,310
Cost of goods sold [4] 3,955,244 4,895,886
Interest paid 322,399 312,979
Net income (less deficit) [4] 1,005,660 1,457,306
Net income [4] 1,877,456 2,352,880
Deficit [4] 871,796 895,575
Total income tax [7] 264,236 341,140
Regular tax 263,846 337,968
Total income tax after credits 248,573 331,442
UTILITIES [1]
Number of returns, total [2] 7,802 7,863
Number with net income [2] 3,855 3,934
Total assets [3] 1,515,428,318 1,458,642,427
Net worth [3] 381,352,597 381,185,739
Total receipts [4] 1,051,655,475 578,342,692
Business receipts [4] 1,004,358,112 537,883,736
Interest received [4,6] 13,035,317 12,550,519
Total deductions [4] 1,036,080,852 580,005,825
Cost of goods sold [4] 795,765,082 340,182,014
Interest paid 42,280,631 41,316,770
Net income (less deficit) [4] 16,804,566 -1,046,609
Net income [4] 28,734,461 22,596,105
Deficit [4] 11,929,895 23,642,715
Total income tax [7] 9,151,930 6,504,039
Regular tax 9,071,527 6,382,751
Total income tax after credits 7,718,038 5,296,222
CONSTRUCTION [1]
Number of returns, total [2] 624,478 648,535
Number with net income [2] 376,822 382,349
Total assets [3] 525,704,293 540,502,611
Net worth [3] 150,498,208 163,014,462
Total receipts [4] 1,102,724,183 1,098,818,871
Business receipts [4] 1,084,579,920 1,080,555,117
Interest received [4,6] 3,062,738 2,474,298
Total deductions [4] 1,070,080,498 1,070,369,680
Cost of goods sold [4] 809,614,689 799,324,059
Interest paid 10,270,932 9,289,390
Net income (less deficit) [4] 32,537,032 28,357,934
Net income [4] 46,179,690 45,359,266
Deficit [4] 13,642,657 17,001,332
Total income tax [7] 4,543,459 4,221,133
Regular tax 4,497,744 4,178,296
Total income tax after credits 4,435,401 4,104,446
MANUFACTURING [1]
Number of returns, total [2] 278,995 280,185
Number with net income [2] 147,291 149,710
Total assets [3] 8,100,072,543 8,202,169,904
Net worth [3] 2,949,917,887 2,975,211,477
Total receipts [4] 5,315,598,814 5,257,106,442
Business receipts [4] 4,862,174,424 4,822,650,951
Interest received [4,6] 130,752,374 119,947,354
Total deductions [4] 5,228,295,401 5,178,748,932
Cost of goods sold [4] 3,402,032,548 3,353,642,529
Interest paid 210,704,804 184,028,822
Net income (less deficit) [4] 129,096,121 119,275,059
Net income [4] 269,346,456 245,134,412
Deficit [4] 140,250,335 125,859,352
Total income tax [7] 76,141,754 68,531,196
Regular tax 75,778,613 67,606,219
Total income tax after credits 43,292,557 34,400,275
FINANCE AND INSURANCE [1]
Number of returns, total [2] 220,895 224,352
Number with net income [2] 140,018 141,771
Total assets [3] 21,088,851,299 21,937,110,016
Net worth [3] 9,559,259,468 9,422,754,290
Total receipts [4] 2,621,771,654 2,605,571,614
Business receipts [4,5] 1,430,898,834 1,573,271,535
Interest received [4,6] 806,514,689 660,002,353
Total deductions [4] 2,321,050,152 2,324,723,707
Cost of goods sold [4] 828,320,672 835,466,854
Interest paid 421,275,484 291,740,227
Net income (less deficit) [4] 268,142,171 247,012,845
Net income [4] 328,604,216 304,543,767
Deficit [4] 60,462,045 57,530,922
Total income tax [7] 39,068,012 41,867,335
Regular tax 37,998,253 40,872,057
Total income tax after credits 34,189,718 36,100,698
REAL ESTATE AND
RENTAL AND LEASING [1]
Number of returns, total [2] 539,965 570,639
Number with net income [2] 203,699 207,925
Total assets [3] 553,968,402 538,584,064
Net worth [3] 151,968,943 147,198,160
Total receipts [4] 239,598,864 230,647,035
Business receipts [4,5] 207,454,856 205,206,751
Interest received [4,6] 4,864,674 4,046,822
Total deductions [4] 234,230,846 227,363,978
Cost of goods sold [4] 48,227,121 50,124,303
Interest paid 19,896,544 14,123,528
Net income (less deficit) [4] 5,360,069 3,253,378
Net income [4] 18,754,185 18,134,864
Deficit [4] 13,394,117 14,881,486
Total income tax [7] 2,361,366 2,012,011
Regular tax 2,321,058 1,974,547
Total income tax after credits 2,218,940 1,958,106
PROFESSIONAL, SCIENTIFIC,
AND TECHNICAL SERVICES [1]
Number of returns, total [2] 709,837 736,005
Number with net income [2] 416,900 429,535
Total assets [3] 483,351,824 484,691,832
Net worth [3] 189,543,565 171,783,018
Total receipts [4] 665,085,183 683,879,755
Business receipts [4] 631,691,343 651,992,903
Interest received [4,6] 6,196,145 4,668,720
Total deductions [4] 671,016,867 681,976,681
Cost of goods sold [4] 189,914,383 199,415,154
Interest paid 9,404,961 9,040,336
Net income (less deficit) [4] -5,614,567 2,463,356
Net income [4] 41,323,639 42,831,929
Deficit [4] 46,938,207 40,368,574
Total income tax [7] 3,943,006 3,769,108
Regular tax 3,931,563 3,736,566
Total income tax after credits 3,277,227 3,191,317
HEALTH CARE AND
SOCIAL ASSISTANCE [1]
Number of returns, total [2] 327,338 334,305
Number with net income [2] 207,968 209,306
Total assets [3] 213,775,949 214,329,877
Net worth [3] 56,901,435 61,960,368
Total receipts [4] 443,351,714 463,253,527
Business receipts [4] 429,190,484 448,427,967
Interest received [4,6] 1,798,075 1,320,255
Total deductions [4] 430,956,238 446,522,542
Cost of goods sold [4] 54,435,340 54,589,386
Interest paid 7,640,537 6,462,090
Net income (less deficit) [4] 12,335,681 16,631,149
Net income [4] 20,364,434 23,695,054
Deficit [4] 8,028,753 7,063,905
Total income tax [7] 1,774,653 2,059,337
Regular tax 1,771,057 2,053,582
Total income tax after credits 1,741,421 2,011,275
ARTS, ENTERTAINMENT,
AND RECREATION [1]
Number of returns, total [2] 102,631 110,609
Number with net income [2] 48,884 53,390
Total assets [3] 78,565,805 79,600,495
Net worth [3] 19,144,846 19,238,866
Total receipts [4] 75,491,312 78,918,432
Business receipts [4] 69,089,923 72,674,159
Interest received [4,6] 1,000,658 811,809
Total deductions [4] 75,071,517 78,066,513
Cost of goods sold [4] 14,108,775 15,445,331
Interest paid 3,330,751 2,936,172
Net income (less deficit) [4] 402,181 852,149
Net income [4] 5,233,174 5,346,441
Deficit [4] 4,830,992 4,494,292
Total income tax [7] 396,641 349,418
Regular tax 392,960 344,655
Total income tax after credits 351,460 294,113
ACCOMMODATION, FOOD SERVICES,
AND DRINKING PLACES [1]
Number of returns, total [2] 259,465 271,527
Number with net income [2] 134,539 136,427
Total assets [3] 344,864,784 352,661,519
Net worth [3] 103,668,236 108,766,030
Total receipts [4] 353,715,274 399,787,328
Business receipts [4] 328,552,525 372,418,853
Interest received [4,6] 3,978,882 3,834,780
Total deductions [4] 345,725,252 391,952,542
Cost of goods sold [4] 122,785,758 152,332,352
Interest paid 13,229,659 12,583,288
Net income (less deficit) [4] 8,198,950 8,033,793
Net income [4] 15,491,509 15,772,353
Deficit [4] 7,292,559 7,738,560
Total income tax [7] 2,623,444 2,567,514
Regular tax 2,576,230 2,551,626
Total income tax after credits 1,947,518 1,740,440
OTHER SERVICES [1]
Number of returns, total [2] 321,134 329,336
Number with net income [2] 173,951 176,351
Total assets [3] 92,666,071 95,847,187
Net worth [3] 27,827,023 29,946,557
Total receipts [4] 164,353,067 170,732,940
Business receipts [4] 159,401,281 164,976,728
Interest received [4,6] 522,003 515,071
Total deductions [4] 161,284,099 166,821,367
Cost of goods sold [4] 63,754,139 66,924,017
Interest paid 2,472,820 2,538,029
Net income (less deficit) [4] 3,094,837 4,062,491
Net income [4] 6,976,867 7,962,590
Deficit [4] 3,882,031 3,900,100
Total income tax [7] 515,266 677,787
Regular tax 513,131 679,269
Total income tax after credits 480,323 520,041
Industrial sector and item 2004 2005
(5) (6)
ALL INDUSTRIAL SECTORS [1]
Number of returns, total [2] 5,557,965 5,671,257
Number with net income [2] 3,116,468 3,324,260
Total assets [3] 60,117,759,331 66,445,429,787
Net worth [3] 20,814,368,622 23,524,907,609
Total receipts [4] 22,711,863,939 25,504,789,203
Business receipts [4,5] 19,975,875,761 21,800,290,496
Interest received [4,6] 1,337,625,869 1,712,270,625
Total deductions [4] 21,636,155,758 23,612,765,507
Cost of goods sold [4] 12,497,904,654 13,816,464,452
Interest paid 938,790,256 1,287,097,591
Net income (less deficit 1,111,692,655 1,948,655,133
Net income [4] 1,455,796,796 2,234,882,109
Deficit [4] 344,104,141 286,226,977
Total income tax 299,555,304 419,209,279
Regular tax 296,200,379 416,324,111
Total income tax after 224,435,343 312,086,477
AGRICULTURE, FORESTRY,
HUNTING, AND FISHING [1]
Number of returns, total [2] 141,553 142,439
Number with net income [2] 74,061 77,937
Total assets [3] 118,719,286 122,625,034
Net worth [3] 38,209,429 37,317,669
Total receipts [4] 136,705,535 140,748,881
Business receipts [4] 124,699,127 125,809,223
Interest received [4,6] 334,422 385,473
Total deductions [4] 134,140,348 136,056,153
Cost of goods sold [4] 67,605,321 67,746,819
Interest paid 2,777,471 2,990,415
Net income (less deficit) 2,580,512 4,723,729
Net income [4] 7,704,650 9,855,268
Deficit [4] 5,124,138 5,131,540
Total income tax [7] 825,138 969,072
Regular tax 817,962 966,582
Total income tax 801,210 935,082
MINING [1]
Number of returns, total [2] 30,909 32,589
Number with net income [2] 16,513 18,339
Total assets [3] 478,698,533 559,195,001
Net worth [3] 223,379,428 263,557,467
Total receipts [4] 232,552,316 314,260,412
Business receipts [4] 212,694,107 279,825,028
Interest received [4,6] 2,681,500 3,792,041
Total deductions [4] 214,322,152 270,445,817
Cost of goods sold [4] 114,712,975 147,011,520
Interest paid 9,105,520 10,051,157
Net income (less deficit) [4] 18,694,454 46,784,960
Net income [4] 24,028,229 54,937,445
Deficit [4] 5,333,776 8,152,485
Total income tax [7] 5,042,652 12,880,276
Regular tax 4,818,960 12,807,096
Total income tax after credits 3,416,154 8,657,023
WHOLESALE AND RETAIL TRADE [1]
Number of returns, total [2] 1,001,211 992,818
Number with net income [2] 583,677 584,543
Total assets [3] 2,958,971,634 3,154,245,364
Net worth [3] 1,138,704,327 1,216,728,822
Total receipts [4] 6,309,079,027 6,818,434,520
Business receipts [4] 6,167,364,953 6,652,131,497
Interest received [4,6] 19,835,305 24,460,906
Total deductions [4] 6,151,228,225 6,608,615,645
Cost of goods sold [4] 4,825,090,465 5,207,833,297
Interest paid 44,393,497 55,097,448
Net income (less deficit) [4] 161,987,422 214,851,252
Net income [4] 196,669,777 248,829,504
Deficit [4] 34,682,355 33,978,253
Total income tax [7] 42,766,473 52,477,473
Regular tax 42,699,804 52,615,992
Total income tax after credits 38,860,965 47,946,935
TRANSPORTATION AND
WAREHOUSING [1]
Number of returns, total [2] 182,614 187,051
Number with net income [2] 99,790 112,644
Total assets [3] 569,991,323 586,306,011
Net worth [3] 149,624,391 127,764,439
Total receipts [4] 623,192,018 687,092,197
Business receipts [4] 599,482,798 659,186,488
Interest received [4,6] 3,424,815 3,856,638
Total deductions [4] 618,120,932 668,435,555
Cost of goods sold [4] 197,138,222 221,554,412
Interest paid 12,097,700 14,475,447
Net income (less deficit) [4] 5,724,498 18,910,404
Net income [4] 21,741,796 33,149,439
Deficit [4] 16,017,298 14,239,034
Total income tax [7] 4,744,118 7,480,008
Regular tax 4,728,573 7,453,375
Total income tax after credits 4,380,591 6,655,216
INFORMATION [1]
Number of returns, total [2] 123,862 122,825
Number with net income [2] 59,378 61,660
Total assets [3] 2,911,041,941 2,918,886,012
Net worth [3] 1,299,070,370 1,329,820,274
Total receipts [4] 993,365,314 1,053,251,269
Business receipts [4] 864,308,201 887,008,860
Interest received [4,6] 31,480,433 34,222,374
Total deductions [4] 974,681,257 981,538,561
Cost of goods sold [4] 208,160,936 211,620,172
Interest paid 65,329,075 68,065,419
Net income (less deficit) [4] 22,530,595 75,408,348
Net income [4] 75,717,085 108,356,736
Deficit [4] 53,186,490 32,948,388
Total income tax [7] 17,823,432 25,288,105
Regular tax 17,622,018 24,999,397
Total income tax after credits 14,108,478 21,336,917
MANAGEMENT OF COMPANIES
(HOLDING COMPANIES) [1]
Number of returns, total [2] 49,800 50,921
Number with net income [2] 18,672 19,399
Total assets [3] 12,443,130,858 13,487,039,096
Net worth [3] 1,845,689,046 1,828,577,565
Total receipts [4] 728,911,434 895,321,523
Business receipts [4] 170,830,009 139,325,361
Interest received [4,6] 409,980,444 526,561,282
Total deductions [4] 640,444,739 734,136,089
Cost of goods sold [4] 5,467,190 5,634,948
Interest paid 184,867,911 297,108,263
Net income (less deficit) [4] 116,033,731 161,499,246
Net income [4] 121,893,451 167,270,312
Deficit [4] 5,859,720 5,771,067
Total income tax [7] 38,654,549 51,747,954
Regular tax 38,562,149 51,635,370
Total income tax after credits 31,399,638 41,936,262
ADMINISTRATIVE AND SUPPORT
AND WASTE MANAGEMENT AND
REMEDIATION SERVICES [1]
Number of returns, total [2] 245,725 257,623
Number with net income [2] 150,400 170,075
Total assets [3] 276,397,743 281,726,153
Net worth [3] 88,964,050 90,273,850
Total receipts [4] 416,277,503 455,332,505
Business receipts [4] 397,881,553 431,345,806
Interest received [4,6] 3,230,355 3,071,211
Total deductions [4] 405,784,490 432,350,429
Cost of goods sold [4] 182,110,622 198,237,179
Interest paid 7,523,112 8,141,788
Net income (less deficit) [4] 10,594,085 22,980,942
Net income [4] 18,432,328 28,157,078
Deficit [4] 7,838,244 5,176,136
Total income tax [7] 1,876,213 3,553,314
Regular tax 1,869,703 3,466,762
Total income tax after credits 1,463,551 3,103,764
EDUCATIONAL SERVICES [1]
Number of returns, total [2] 43,956 44,885
Number with net income [2] 24,789 24,708
Total assets [3] 22,234,648 25,992,750
Net worth [3] 8,548,807 8,758,947
Total receipts [4] 33,315,699 34,297,361
Business receipts [4] 32,364,218 33,247,315
Interest received [4,6] 85,530 129,748
Total deductions [4] 30,945,287 31,596,850
Cost of goods sold [4] 4,548,507 4,778,563
Interest paid 337,689 416,058
Net income (less deficit) [4] 2,352,859 2,659,365
Net income [4] 3,088,203 3,491,097
Deficit [4] 735,344 831,732
Total income tax [7] 471,540 606,785
Regular tax 470,375 605,904
Total income tax after credits 462,127 596,579
UTILITIES [1]
Number of returns, total [2] 8,504 7,536
Number with net income [2] 4,425 5,275
Total assets [3] 1,454,677,579 1,487,753,576
Net worth [3] 364,426,969 358,435,669
Total receipts [4] 560,857,066 652,929,657
Business receipts [4] 521,884,927 604,140,085
Interest received [4,6] 10,492,402 10,973,001
Total deductions [4] 566,004,187 632,204,330
Cost of goods sold [4] 324,140,437 378,142,678
Interest paid 38,760,041 36,461,886
Net income (less deficit) [4] -4,728,496 20,830,603
Net income [4] 14,461,224 33,724,635
Deficit [4] 19,189,721 12,894,031
Total income tax [7] 4,565,498 9,591,733
Regular tax 4,483,781 9,377,027
Total income tax after credits 3,502,071 7,837,467
CONSTRUCTION [1]
Number of returns, total [2] 676,120 751,521
Number with net income [2] 401,721 489,228
Total assets [3] 566,392,613 714,365,062
Net worth [3] 154,875,559 207,041,138
Total receipts [4] 1,147,627,639 1,452,508,509
Business receipts [4] 1,128,834,453 1,427,006,853
Interest received [4,6] 2,565,635 2,887,075
Total deductions [4] 1,118,068,122 1,378,115,248
Cost of goods sold [4] 832,053,060 1,048,888,259
Interest paid 9,720,872 10,834,270
Net income (less deficit) [4] 29,368,117 74,356,808
Net income [4] 48,125,249 87,829,487
Deficit [4] 18,757,132 13,472,680
Total income tax [7] 4,598,022 9,807,183
Regular tax 4,560,661 9,751,893
Total income tax after credits 4,471,956 9,524,912
MANUFACTURING [1]
Number of returns, total [2] 281,239 277,618
Number with net income [2] 145,867 167,182
Total assets [3] 8,827,565,222 10,440,305,266
Net worth [3] 3,259,807,483 3,810,766,667
Total receipts [4] 5,642,551,645 7,279,554,873
Business receipts [4] 5,194,506,715 6,505,757,036
Interest received [4,6] 117,887,111 145,577,801
Total deductions [4] 5,509,877,426 6,679,637,501
Cost of goods sold [4] 3,691,657,743 4,756,208,056
Interest paid 175,745,011 212,640,877
Net income (less deficit) [4] 186,085,821 680,058,202
Net income [4] 284,701,913 734,658,056
Deficit [4] 98,616,092 54,599,854
Total income tax [7] 82,534,697 157,671,750
Regular tax 82,027,984 157,112,188
Total income tax after credits 42,840,125 90,506,840
FINANCE AND INSURANCE [1]
Number of returns, total [2] 234,746 242,686
Number with net income [2] 153,780 167,924
Total assets [3] 24,336,630,885 30,392,706,733
Net worth [3] 10,639,646,968 13,540,857,299
Total receipts [4] 2,575,206,914 3,301,642,987
Business receipts [4,5] 1,571,588,951 1,798,196,722
Interest received [4,6] 593,235,118 934,940,428
Total deductions [4] 2,240,823,839 2,764,686,695
Cost of goods sold [4] 818,675,183 990,381,743
Interest paid 249,072,837 515,303,986
Net income (less deficit) [4] 303,014,325 500,563,173
Net income [4] 341,858,827 530,336,105
Deficit [4] 38,844,502 29,772,932
Total income tax [7] 52,991,696 66,391,944
Regular tax 51,620,051 65,098,055
Total income tax after credits 44,306,591 54,959,137
REAL ESTATE AND
RENTAL AND LEASING [1]
Number of returns, total [2] 577,400 641,947
Number with net income [2] 219,872 270,082
Total assets [3] 559,092,671 766,334,870
Net worth [3] 161,103,312 215,718,480
Total receipts [4] 233,291,211 316,578,467
Business receipts [4,5] 207,243,701 268,384,638
Interest received [4,6] 4,213,588 8,767,451
Total deductions [4] 227,270,188 286,395,700
Cost of goods sold [4] 47,394,165 56,170,584
Interest paid 13,675,965 18,483,490
Net income (less deficit) [4] 6,062,925 29,777,730
Net income [4] 21,144,158 42,366,578
Deficit [4] 15,081,233 12,588,848
Total income tax [7] 2,370,340 4,559,849
Regular tax 2,314,379 4,427,618
Total income tax after credits 2,308,035 4,393,676
PROFESSIONAL, SCIENTIFIC,
AND TECHNICAL SERVICES [1]
Number of returns, total [2] 760,087 786,275
Number with net income [2] 444,869 497,262
Total assets [3] 507,815,971 645,918,660
Net worth [3] 181,546,066 234,387,953
Total receipts [4] 720,418,313 855,507,620
Business receipts [4] 691,608,915 814,499,239
Interest received [4,6] 3,889,678 6,244,155
Total deductions [4] 711,836,442 825,169,038
Cost of goods sold [4] 202,329,198 237,595,161
Interest paid 8,682,585 11,618,380
Net income (less deficit) [4] 9,277,744 30,931,686
Net income [4] 44,316,435 64,986,986
Deficit [4] 35,038,691 34,055,300
Total income tax [7] 3,671,651 5,578,429
Regular tax 3,682,859 5,500,953
Total income tax after credits 3,066,840 4,787,165
HEALTH CARE AND
SOCIAL ASSISTANCE [1]
Number of returns, total [2] 354,603 380,940
Number with net income [2] 224,155 256,308
Total assets [3] 229,814,061 251,942,127
Net worth [3] 64,342,783 75,355,259
Total receipts [4] 503,083,460 531,900,286
Business receipts [4] 488,409,511 514,547,924
Interest received [4,6] 1,270,834 1,349,939
Total deductions [4] 484,367,139 504,954,704
Cost of goods sold [4] 58,438,250 50,978,799
Interest paid 6,582,610 7,137,241
Net income (less deficit) [4] 18,630,604 26,796,387
Net income [4] 25,543,515 34,337,672
Deficit [4] 6,912,911 7,541,285
Total income tax [7] 2,137,289 3,384,578
Regular tax 2,123,128 3,349,680
Total income tax after credits 2,087,431 3,292,091
ARTS, ENTERTAINMENT,
AND RECREATION [1]
Number of returns, total [2] 110,119 116,451
Number with net income [2] 50,037 58,650
Total assets [3] 79,164,279 100,547,530
Net worth [3] 17,869,953 29,885,647
Total receipts [4] 76,855,082 87,970,407
Business receipts [4] 69,877,627 80,148,880
Interest received [4,6] 743,741 657,085
Total deductions [4] 75,624,795 83,837,483
Cost of goods sold [4] 14,036,996 15,804,379
Interest paid 2,784,090 2,832,434
Net income (less deficit) [4] 1,227,441 4,117,704
Net income [4] 5,338,360 8,205,610
Deficit [4] 4,110,919 4,087,906
Total income tax [7] 299,303 739,601
Regular tax 291,786 735,734
Total income tax after credits 252,586 645,929
ACCOMMODATION, FOOD SERVICES,
AND DRINKING PLACES [1]
Number of returns, total [2] 278,722 287,490
Number with net income [2] 135,243 149,581
Total assets [3] 357,413,221 407,241,600
Net worth [3] 113,180,184 117,180,812
Total receipts [4] 407,107,664 438,570,716
Business receipts [4] 382,358,626 395,731,456
Interest received [4,6] 3,306,364 3,995,430
Total deductions [4] 400,097,877 411,365,654
Cost of goods sold [4] 158,705,517 142,538,960
Interest paid 11,730,733 12,896,377
Net income (less deficit) [4] 7,157,592 27,759,730
Net income [4] 15,472,058 34,677,667
Deficit [4] 8,314,466 6,917,937
Total income tax [7] 2,509,150 5,736,976
Regular tax 2,501,073 5,680,822
Total income tax after credits 1,711,725 4,265,816
OTHER SERVICES [1]
Number of returns, total [2] 332,662 344,877
Number with net income [2] 180,415 193,219
Total assets [3] 97,029,940 102,185,400
Net worth [3] 29,981,654 32,370,716
Total receipts [4] 174,224,783 188,874,502
Business receipts [4] 168,627,539 183,985,574
Interest received [4,6] 405,480 398,586
Total deductions [4] 170,980,294 183,196,098
Cost of goods sold [4] 68,043,735 75,338,923
Interest paid 2,425,120 2,542,655
Net income (less deficit) [4] 3,250,105 5,660,308
Net income [4] 7,589,437 9,712,402
Deficit [4] 4,339,332 4,052,094
Total income tax [7] 568,422 744,251
Regular tax 564,145 739,663
Total income tax after credits 522,868 705,667
[1] Industrial classification is based on the product or service
accounting for the largest percentage of "total receipts."
(Total receipts are the sum of business or gross receipts,
plus capital gains and income from investments, including
rentals.) This classification is based on the North American
Industry Classification System (NAICS). The system
was intended for Governmentwide use in classifying business
statistics. (For information about NAICS and its usage in
Canadian, Mexican, and U.S. Government statistics,
see the Statistics of Income Bulletin , Summer 1997,
Volume 17, Number 1, pp. 3-5.). If information for the
business activity and product was not discernible from the corporation
income tax return, the return was classified as with nature of
business "not allocable." Data for nature of business "not
allocable" are included in the totals for "all industrial
sectors," but are not shown separately. Therefore, in addition to
rounding differences, the statistics by industrial sector will not
add to their respective grand totals.
[2] See Table 13, footnote 1.
[3] Balance sheet data are end-of-year amounts. Net worth
is the sum of "capital stock," "additional paid-in
capital," "retained earnings, appropriated," "retained earnings,
unappropriated," and "adjustments to shareholders' equity" minus
"cost of treasury stock." Each of these amounts is presented
separately in Table 13.
[4] See Table 13, footnotes 10 and 14.
[5] See Table 13, footnote 11.
[6] Interest received is the sum of "interest on State and local
government obligations" (i.e., tax-exempt interest) and "other
interest" (which includes interest paid by banking and
savings institutions). Data for both of these amounts are
presented separately in Table 13. See also Table 13, footnote 12.
[7] In addition to regular tax, includes certain other taxes
either shown separately in Table 13 or mentioned in Table 13,
footnote 18.
NOTES: Statistics are for corporate accounting periods ending
July of one year through June of the next. Thus, for example, data
for 2005 are for accounting periods ending July 2005 through June
2006. Detail may not add to totals because of rounding. All amounts
are in current dollars. Most of the data are subject to sampling
error. Tax law and tax form changes affect the year-to-year
comparability of the data.
Table 15. Corporation Profits Before Tax per National Income and
Product Accounts (NIPA) and per Statistics of Income (SOI), and Income
Subject to Tax per SOI, Income Years 1960-2005
[All figures are estimates--money amounts are in billions of dollars]
Income
Profits Net income subject to
before tax (less deficit) tax (per SOI)
Income year (per NIPA) [1,2] (per SOI) [3] [3,4]
(1) (2) (3)
1960 51.6 43.5 47.2
1961 51.6 45.9 47.9
1962 57.0 49.6 51.7
1963 62.1 54.3 54.3
1964 69.1 61.6 60.4
1965 80.2 73.9 70.8
1966 86.7 80.5 77.1
1967 83.5 78.2 74.8
1968 92.4 86.0 81.4
1969 91.4 80.2 81.2
1970 81.0 65.9 72.4
1971 92.9 79.7 83.2
1972 107.8 96.8 95.1
1973 134.8 120.4 115.5
1974 147.8 148.2 144.0
1975 145.5 142.6 146.6
1976 179.7 185.4 183.5
1977 210.4 219.2 212.5
1978 246.1 246.9 239.6
1979 271.9 284.6 279.4
1980 253.5 239.0 246.6
1981 243.7 213.6 241.5
1982 198.5 154.3 205.2
1983 233.9 188.3 218.7
1984 268.6 232.9 257.1
1985 257.4 240.1 266.1
1986 246.0 269.5 276.2
1987 317.6 328.2 311.8
1988 386.1 413.0 383.2
1989 383.7 389.0 371.1
1990 409.5 370.6 366.4
1991 423.0 344.9 350.0
1992 461.1 402.0 377.9
1993 517.1 498.2 436.8
1994 577.1 577.3 494.0
1995 674.3 714.2 564.7
1996 733.0 806.5 639.8
1997 798.2 915.4 683.8
1998 718.3 838.2 663.4
1999 775.9 929.0 693.7
2000 773.4 927.5 760.4
2001 707.9 603.6 635.3
2002 768.4 563.7 600.6
2003 [r] 908.1 780.0 699.3
2004 [r] 1,204.7 1,111.7 857.4
2005 1,579.6 1,948.7 1,201.30
[r] Revised or corrected.
[1] In general, includes profits of U.S. corporations filing income tax
returns as recorded in Statistics of Income, but with exceptions and
adjustments (see below). Also includes profits of nonprofit
institutions that primarily serve business and income of Federal
Reserve Banks and Federally-sponsored credit agencies. However, profits
of S corporations, only partially included in Statistics of Income data
for recent years, are excluded from profits in the National Income and
Product Accounts (NIPAs) and are treated, instead, as "personal income"
(see Table 4). For other corporations excluded in NIPA profits, see
footnote 2, below, and footnote 1, Table 13. Compared to Statistics of
Income net income, profits for NIPA purposes are defined to include
tax-exempt interest on State and local government obligations, but to
exclude capital gains and losses, intercorporate dividends received,
depletion, and bad debt losses. Consistent with Statistics of Income,
NIPA profits reflect the inventory and depreciation accounting
practices used for tax purposes. NIPA profits include income earned
abroad by U.S. corporations, but exclude profits earned in the United
States by foreign corporations.
[2] Reflects changes made to data as part of the 2003 Comprehensive
Revision of the National Income and Product Accounts (NIPAs). For
details of this revision, see the Bureau of Economic Analysis Web site
at http://www.bea.gov/bea/dn/2003benchmark/CR2003content.htm.
[3] For Statistics of Income, "net income (less deficit)" and "income
subject to tax" exclude taxable cooperatives, starting with the 1985
data; Real Estate Mortgage Investment Conduits (REMICs), starting with
1987; and Personal Service Corporations for 1988-1993. Net income (less
deficit), starting with 1985, excludes Foreign Sales Corporations
(FSCs) and Interest-Charge Domestic International Sales Corporations
(IC-DISCs). See also Table 13, footnote 1. For changes in the
definition of Regulated Investment Company and S corporation net
income, see Table 13, footnote 16. For the coverage of corporations and
the definition of corporate profits used for the National Income and
Product Accounts, see footnote 1, above.
[4] For the definition of "income subject to tax," see Table 13,
footnote 17. See also footnote 3, above.
NOTES: All amounts are in current dollars. Most of the data are subject
to sampling error. Tax law and tax form changes affect the year-to-year
comparability of the data.
SOURCE: Data on corporate "Profits before tax (per NIPA)" are from the
Bureau of Economic Analysis's National Income and Product Accounts,
Table 1.12: National Income by Type of Income. This table appears in
the Survey of Current Business and can also be accessed online at:
http://www.bea.gov/bea/dn/nipaweb/index.asp. Data on "Net income (less
deficit) (per SOI)" and "Income subject to tax (per SOI)" are from
Statistics of Income--Corporation Income Tax Returns, various years.
Table 16. Nonprofit Charitable Organization and Domestic
Private Foundation Information Returns, and Exempt Organization
Business Income Tax Returns: Selected Financial Data, 1997-2004
[All fitures are estimates based on samyles-money amounts are
in millions of dollars]
Type of return or item 1997 1998 1999
(1) (2) (3)
NONPROFIT CHARITABLE
ORGANIZATION INFORMATION
RETURNS [1]
Number of returns 198,957 207,272 211,615
Total assets_ book value [2] 1,438,977 1,351,541 1,453,675
Total liabilities [2] 624,978 459,188 481,444
Net assets [2] 813,998 892,353 972,232
Total revenue 754,616 752,044 800,676
Program service revenue [3] 486,407 502,832 518,111
Contributions, gifts, and 146,171 161,751 174,992
grants
Membership dues and 6,823 6,952 6,331
assessments
Other 115,215 80,508 101,242
Total expenses 677,143 684,566 714,487
Excess of revenue over 77,473 67,478 86,189
expenses (net)
DOMESTIC PRIVATE FOUNDATION
INFORMATION RETURNS
Number of returns, total 55,113 56,658 62,694
Nonoperating foundations 50,541 52,460 58,840
Operating foundations 4,572 4,198 3,854
Total assets. book value [2] 280,920 325,672 384,565
Total assets. fair market 342,689 397,084 466,863
value [2]
Investments in 272,412 317,900 363,442
securities [2]
Total revenue 55460 59,735 83,286
Total expenses 22,414 25,902 33,876
Contributions, gifts, 16,421 19,394 22,763
and grants paid [4]
Excess of revenue over 33,046 33,833 49,410
expenses (net)
Net investment income [5] 34,801 39,313 57,142
EXEMPT ORGANIZATION
UNRELATED BUSINESS INCOME
TAX RETURNS [6]
Number of returns. total 39,302 46,208 42,151
With unrelated business 20,827 24,332 20,718
taxable income
Without unrelated business 18,475 21,876 21,433
taxable income
Gross unrelated business 7,809 7,585 7,722
income [7]
Total deductions [7,8,9] 6,903 6,484 6,835
Unrelated business taxable 906 1,100 887
income (less deficit) [8]
Unrelated business taxable 1,375 1,670 1,485
income
Deficit [8] 469 569 598
Unrelated business income tax 418 506 423
Total tax [10] 423 464 422
Type of return or item 2000 2001 2002
(4) (5) (6)
NONPROFIT CHARITABLE
ORGANIZATION INFORMATION
RETURNS [1]
Number of returns 230,159 240,569 251,676
Total assets_ book value [2] 1,562,536 1,631,149 1,733,852
Total liabilities [2] 539,367 611,390 693,576
Net assets [2] 1,023,169 1,020 1,040,275
Total revenue 866,208 896,974 955,267
Program service revenue [3] 579,081 630,817 691,791
Contributions, gifts, and 199,076 212,427 214,484
grants
Membership dues and 6,660 7,239 7,879
assessments
Other 81,392 46,491 4,113
Total expenses 796,434 862,721 934,672
Excess of revenue over 69,775 34,253 20,595
expenses (net)
DOMESTIC PRIVATE FOUNDATION
INFORMATION RETURNS
Number of returns, total 66,738 70,787 73,255
Nonoperating foundations 61,501 63,650 67,101
Operating foundations 5,238 7,137 6,154
Total assets. book value [2] 409,524 413,577 383,516
Total assets. fair market 471,646 455,423 413,007
value [2]
Investments in 361,418 329,353 294,385
securities [2]
Total revenue 72,780 45,264 27,775
Total expenses 37,434 36,661 34,392
Contributions, gifts, 27,564 27,383 26,303
and grants paid [4]
Excess of revenue over 35,346 8,602 -66,177
expenses (net)
Net investment income [5] 48,830 25,719 17,648
EXEMPT ORGANIZATION
UNRELATED BUSINESS INCOME
TAX RETURNS [6]
Number of returns. total 38,567 35,540 35,103
With unrelated business 19,336 15,277 14,495
taxable income
Without unrelated business 19,231 20,264 20,608
taxable income
Gross unrelated business 8,413 7,900 7,776
income [7]
Total deductions [7,8,9] 7,703 7,883 7,922
Unrelated business taxable 710 18 -146
income (less deficit) [8]
Unrelated business taxable 1,427 792 647
income
Deficit [8] 717 774 793
Unrelated business income tax 406 226 194
Total tax [10] 403 222 193
Type of return or item 2003 2004
(7) (8)
NONPROFIT CHARITABLE
ORGANIZATION INFORMATION
RETURNS [1]
Number of returns 263,353 276,191
Total assets_ book value [2] 1,900 2,058,610
Total liabilities [2] 735,600 782,510
Net assets [2] 1,164,257 1,276
Total revenue 1,072,171 1,152,989
Program service revenue [3] 754,585 801,199
Contributions, gifts, and 229,987 248,570
grants
Membership dues and 8,155 8,193
assessments
Other 79,444 95,028
Total expenses 1,010 1,058,489
Excess of revenue over 62,496 94,500
expenses (net)
DOMESTIC PRIVATE FOUNDATION
INFORMATION RETURNS
Number of returns, total 76,348 76,897
Nonoperating foundations 70,004 70,613
Operating foundations 6,344 6,284
Total assets. book value [2] 418,510 455,534
Total assets. fair market 474,952 509,924
value [2]
Investments in 344,314 361,158
securities [2]
Total revenue 48,391 58,668
Total expenses 35,099 36,552
Contributions, gifts, 26,667 27,625
and grants paid [4]
Excess of revenue over 13,292 22,116
expenses (net)
Net investment income [5] 25,193 34,019
EXEMPT ORGANIZATION
UNRELATED BUSINESS INCOME
TAX RETURNS [6]
Number of returns. total 36,064 38,040
With unrelated business 15,580 18,099
taxable income
Without unrelated business 20,484 19,941
taxable income
Gross unrelated business 8,436 9,492
income [7]
Total deductions [7,8,9] 8,413 8,980
Unrelated business taxable 23 512
income (less deficit) [8]
Unrelated business taxable 780 1,288
income
Deficit [8] 757 776
Unrelated business income tax 220 365
Total tax [10] 221 368
[1] Includes data reported by organizations described in Internal
Revenue Code section 501(c)(3), excluding private foundations and
most religious organizations Organizations with receiptsunder
$25,000 were not required to file.
[2] Balance sheet data are end-of-year amounts.
[3] Represents fees collected by organizations in
support of their tax-exempt purposes, and income such
as tuition and fees al educational institutions, hospital
patient charges, and admission and activity fees collected
by museums and other nonprofit organizations or institutions.
[4] The amount of contributions, gifts, and grants shown
reflects the amount actually disbursed, on a cash basis, for
charitable purposes
[5] Represents income not considered related to a foundation's
charitable purpose, e g., interest, dividends, and capital gains.
Foundations could be subject to an excise tax on such income
[6] Includes returns filed by or for entities described in
Internal Revenue Code sections 401 (a) (qualified pension,
profit-sharing, or stock bonus plans) 408(e) (individual
Retirement Arrangements, or IRAs), 408A (Roth IRAs). and
501(c)(2) through 501(c)(27) (charitable and most other types
of tax-exempt organizations).
[7] The primary reason for the drop in gross unrelated business
income (UBI) and total deductions between Tax Years 1997 and
1998 is the exclusion from the 1998 statistics of one association,
which reported relatively large amounts of gross UBI and deductions
for 1997 and prior years- The lax-exempt status of this association
was terminated, effective 1998 For additional information see
Riley, Margaret, "Unrelated Business Income" Tax Returns, 1998,
Statistics of Income Bulletin, Spring 2002, Volume 21 Number 4
[8] Aggregate amounts of total deductions, unrelated business
taxable income (less deficit), and deficit previously published
in various issues of the Statistics of Income Bulletin have been
adjusted in Table 16 for years prior to 1999 The revisions were
required to take into account certain adjustments made to reported
amounts of the "net operating loss deduction." During processing of
the SOI sample of Tax Year 1999 returns, it was discovered that
many Form 990-T filers were deducting the entire amount of any
previous year's net operating loss carryover from net income
(even when net income was zero or negative), rather than deducting
only the part of the carryover amount needed to offset any
positive net income amount.
[9] Excludes cost of sales and services, which was subtracted
from gross receipts from sales and services in computing gross
profit from sales and services Gross profit from sales and
services is a component of gross unrelated business income
(on which the filing requirement is based).
[10] Total tax was unrelated business income tax less the
foreign tax credit, general business credit, credit for
prior-year minimum tax, and other allowable credits, plus the
proxy tax on certain lobbying expenditures (applicable only to
tax years after 1993), the "alternative minimum tax," and the
environmental tax (applicable only to tax years
prior to 1996). Beginning with Tax Year 2001, total tax
also can include interest due, computed under the look-back
method for certain depreciated property and completed
long-term contracts, and other taxes, as described by the return filer.
NOTES: Detail may not add to totals because of rounding. All
amounts are in current dollars. Most of the data are subject
to sampling error. Tax law and tax form
changes affect the year-to-year comparability of the data.
Table 17. Taxable Estate Tax Returns as a Percentage of
Adult Deaths, Selected Years of Death,
1934-2004
[Money amounts are in thousands of dollars [1]]
Taxable estate
tax returns [4,5]
Selected Total Percentage
year of adult Number of adult
death [2] deaths [3] deaths
(1) (2) (3)
1934 983,970 8,655 0.88
1935 1,172,245 9,137 0.78
1936 1,257,290 12,010 0.96
1937 1,237,585 13,220 1.07
1938 1,181,275 12,720 1.08
1939 1,205,072 12,907 1.07
1940 1,237,186 13,336 1.08
1941 1,216,855 13,493 1.11
1942 1,211,391 12,726 1.05
1943 1,277,009 12,154 0.95
1944 1,238,917 13,869 1.12
1946 1,239,713 18,232 1.47
1947 1,278,856 19,742 1.54
1948 1,283,601 17,469 1.36
1949 1,285,684 17,411 1.35
1950 1,304,343 18,941 1.45
1953 1,237,741 24,997 2.02
1954 1,332,412 25,143 1.89
1956 1,289,193 32,131 2.49
1958 1,358,375 38,515 2.84
1960 1,426,148 45,439 3.19
1962 1,483,846 55,207 3.72
1965 1,578,813 67,404 4.27
1969 1,796,055 93,424 5.20
1972 1,854,146 120,761 6.51
1976 1,819,107 139,115 7.65
1982 1,897,820 34,426 1.81
1983 1,945,913 34,899 1.79
1984 1,968,128 30,436 1.55
1985 2,015,070 22,326 1.11
1986 2,033,978 21,923 1.08
1987 2,053,084 18,157 0.88
1988 2,096,704 20,864 1.00
1989 2,079,035 23,096 1.11
1990 2,079,034 24,647 1.19
1991 2,101,746 26,680 1.27
1992 2,111,617 27,235 1.29
1993 2,204,366 32,062 1.45
1994 2,216,736 32,565 1.47
1995 2,252,471 36,651 1.63
1996 2,314,254 41,714 1.80
1997 2,258,366 47,800 2.12
1998 2,282,055 49,913 2.19
1999 2,336,840 53,819 2.30
2000 2,349,361 51,159 2.18
2001 [r] 2,363,100 50,456 2.14
2002 2,389,533 28,074 1.17
2003 2,394,749 27,309 1.14
2004 2,344,354 19,294 0.82
Taxable estate tax returns [4,5]
Selected Total gross
year of estate at date Estate tax after
death [2] of death credits
(4) (5)
1934 2,197,941 153,763
1935 2,084,269 195,301
1936 2,561,906 305,784
1937 2,844,112 314,620
1938 2,564,072 276,707
1939 2,441,960 250,360
1940 2,578,314 291,758
1941 2,550,473 308,342
1942 2,452,340 362,164
1943 2,720,000 404,638
1944 3,245,624 531,052
1946 3,993,298 621,966
1947 4,445,326 714,707
1948 4,271,852 567,421
1949 4,126,358 483,520
1950 4,655,892 577,401
1953 6,287,867 778,504
1954 6,387,246 778,342
1956 8,903,611 1,176,710
1958 9,995,884 1,185,620
1960 12,733,459 1,618,548
1962 14,713,504 1,840,972
1965 18,820,065 2,414,310
1969 23,459,524 2,999,965
1972 33,293,565 4,153,250
1976 40,578,379 4,979,112
1982 31,903,845 4,937,216
1983 33,434,470 5,073,787
1984 34,201,557 5,012,750
1985 35,168,822 6,044,292
1986 37,799,304 6,276,800
1987 40,907,217 6,392,989
1988 43,413,056 7,432,376
1989 51,062,975 8,953,181
1990 53,698,028 9,217,499
1991 55,363,655 9,617,366
1992 59,707,135 10,474,949
1993 72,047,377 12,559,769
1994 69,492,783 12,312,421
1995 78,756,293 14,259,048
1996 95,003,317 16,336,256
1997 104,860,580 19,957,705
1998 117,965,303 22,676,230
1999 135,076,422 24,809,821
2000 126,095,812 24,032,595
2001 [r] 129,638,497 23,744,158
2002 105,339,413 18,841,122
2003 90,429,009 18,709,021
2004 102,077,964 22,219,722
[r] Revised or corrected.
[1] Starting with 1965, number of returns, total gross
estate at date of death, and estate tax after credits are
estimates based on samples. Beginning with 1982, numbers
in columns 2-5 have been revised to reflect returns filed
more than 3 calendar years after a decedent's death.
[2] Prior to 1982, year of death figures were
approximated, using data from returns filed in a single
calendar year. While many of the returns filed in a given
calendar year represent returns of decedents who died in the
immediately preceding year, others represent returns of
decedents who died in earlier years. Starting with 1982,
the statistics are by year of death, using the year of death
reported on the estate tax returns filed during periods of
at least 3 successive years.
[3] Total adult deaths represent those of individuals age
20 and over, plus deaths for which age was unavailable.
[4] Prior to 1964, a return was taxable if it showed an
estate tax before credits. Starting with 1964, the
classification was based on estate tax after credits.
[5] Year-to-year comparability of the data is affected by
changes in the gross estate filing threshold which is based
on year of death: 1934 ($50,000); 1935 ($50,000 changing
to $40,000); 1936-1941 ($40,000); 1942 ($40,000 changing
to $60,000); 1943-1976 ($60,000); 1977 ($120,000); 1978
($134,000); 1979 ($147,000); 1980 ($161,000); 1981
($175,000); 1982 ($225,000); 1983 ($275,000); 1984
($325,000); 1985 ($400,000); 1986 ($500,000); 1987-1997
($600,000); 1998 ($625,000); 1999 ($650,000); 2000-2001
($675,000); 2002-2003 ($1,000,000); 2004-2005 ($1,500,000);
2006-2008 ($2,000,000); 2009 ($3,500,000); and 2010
(no estate tax).
NOTES: The title of this table has been changed from
"Estate Tax Returns as a Percentage of Adult Deaths," in
some previously published versions, to "Taxable Estate
Tax Returns as a Percentage of Adult Deaths." However,
the data contained in the table have not changed. Detail
may not add to totals because of rounding. All amounts are
in current dollars. Most of the data are subject to
sampling error. Tax law and tax form changes affect the
year-to-year comparability of the data.
SOURCE: Data are shown only for years for which Statistics
of Income data are available. For years after 1953,
Statistics of Income--Estate Tax Returns ; Estate and Gift
Tax Returns ; or Fiduciary, Estate, and Gift Tax Returns,
depending on the year, and Statistics of Income Bulletin,
various issues; also unpublished tabulations for certain
years. For years prior to 1954, Statistics of Income--Part I.
Adult deaths are from the Centers for Disease Control and
Prevention, National Center for Health Statistics, U.S.
Department of Health and Human Services, Vital Statistics
of the United States, Report Number 11, Supplement 2, Table 2,
and National Vital Statistics Report, Volume 50, Number 15,
Table 3, September 2002; Volume 52, Number 3, Table 3,
September 2003; Volume 53, Number 5, Table 3, October 2004;
and Volume 54, Number 13, Table 3, April 2006.
Table 18. Treasury Department Gross Tax Collections:
Amount Collected by Quarter and Fiscal
Year, 1987-2007
[Money amounts are in millions of dollars]
Individual Corporation
Quarter and fiscal year Total [1] income income
taxes [2] taxes [3]
(1) (2) (3)
FISCAL YEAR 1987, TOTAL [4] 886,290 465,452 102,859
October 1986-December 1986 180,580 92,346 22,466
January 1987-March 1987 209,032 105,483 22,649
April 1987-June 1987 285,477 164,008 29,748
July 1987-September 1987 [4] 211,201 103,615 27,996
FISCAL YEAR 1988, TOTAL 945,614 473,667 109,683
October 1987-December 1987 200,006 97,479 24,828
January 1988-March 1988 222,784 111,215 22,006
April 1988-June 1988 298,938 160,018 35,991
July 1988-September 1988 223,886 104,955 26,858
FISCAL YEAR 1989, TOTAL 1,024,718 515,732 117,015
October 1988-December 1988 216,503 104,522 29,551
January 1989-March 1989 238,279 114,475 20,760
April 1989-June 1989 334,878 180,947 40,825
July 1989-September 1989 235,059 115,788 25,879
FISCAL YEAR 1990, TOTAL 1,066,600 540,228 110,017
October 1989-December 1989 222,867 110,077 26,390
January 1990-March 1990 251,924 127,277 21,433
April 1990-June 1990 343,976 181,180 37,398
July 1990-September 1990 247,833 121,694 24,796
FISCAL YEAR 1991, TOTAL 1,099,746 546,877 113,599
October 1990-December 1990 242,792 118,047 29,248
January 1991-March 1991 257,078 119,891 22,974
April 1991-June 1991 338,591 181,949 35,953
July 1991-September 1991 261,284 126,990 25,423
FISCAL YEAR 1992, TOTAL 1,134,195 557,723 117,951
October 1991-December 1991 249,845 117,980 28,571
January 1992-March 1992 266,984 136,220 19,751
April 1992-June 1992 348,986 173,437 41,930
July 1992-September 1992 268,380 130,086 27,699
FISCAL YEAR 1993, TOTAL 1,190,673 585,774 131,548
October 1992-December 1992 262,404 124,812 30,324
January 1993-March 1993 285,925 154,596 21,124
April 1993-June 1993 354,070 168,977 47,920
July 1993-September 1993 288,274 137,389 32,180
FISCAL YEAR 1994, TOTAL 1,290,246 619,819 154,205
October 1993-December 1993 282,891 132,790 36,088
January 1994-March 1994 309,746 160,382 24,883
April 1994-June 1994 386,403 182,996 55,652
July 1994-September 1994 311,205 143,651 37,582
FISCAL YEAR 1995, TOTAL 1,390,048 675,779 174,422
October 1994-December 1994 301,238 138,454 40,811
January 1995-March 1995 329,624 169,977 26,137
April 1995-June 1995 432,556 214,105 65,995
July 1995-September 1995 326,630 153,243 41,479
FISCAL YEAR 1996, TOTAL 1,500,351 745,313 189,055
October 1995-December 1995 320,038 148,203 46,823
January 1996-March 1996 349,683 184,419 27,971
April 1996-June 1996 474,823 242,754 68,509
July 1996-September 1996 355,808 169,937 45,752
Footnotes at end of table.
FISCAL YEAR 1997, TOTAL 1,637,157 825,021 204,492
October 1996-December 1996 345,447 157,767 49,612
January 1997-March 1997 379,827 197,477 31,359
April 1997-June 1997 526,490 285,884 75,093
July 1997-September 1997 385,392 183,893 48,428
FISCAL YEAR 1998, TOTAL 1,782,997 928,066 213,270
October 1997-December 1997 381,995 180,507 56,228
January 1998-March 1998 412,808 216,994 33,640
April 1998-June 1998 578,540 319,050 75,714
July 1998-September 1998 409,655 211,515 47,688
FISCAL YEAR 1999, TOTAL 1,917,643 1,002,186 216,325
October 1998-December 1998 410,884 192,843 56,474
January 1999-March 1999 444,224 239,680 33,958
April 1999-June 1999 616,626 351,720 72,904
July 1999-September 1999 445,908 217,943 52,989
FISCAL YEAR 2000, TOTAL 2,112,755 1,137,078 235,655
October 1999-December 1999 442,745 222,369 57,122
January 2000-March 2000 490,661 265,193 39,584
April 2000-June 2000 690,101 403,071 79,583
July 2000-September 2000 446,076 246,445 59,366
FISCAL YEAR 2001, TOTAL 2,144,654 1,178,210 186,732
October 2000-December 2000 466,710 228,483 64,597
January 2001-March 2001 523,566 285,417 38,239
April 2001-June 2001 709,403 425,471 64,709
July 2001-September 2001 444,976 238,839 19,187
FISCAL YEAR 2002, TOTAL 2,033,661 1,037,734 211,438
October 2001-December 2001 477,215 235,729 71,783
January 2002-March 2002 494,506 250,689 38,760
April 2002-June 2002 599,650 324,735 55,496
July 2002-September 2002 462,289 226,580 45,399
FISCAL YEAR 2003, TOTAL 1,969,648 987,209 194,146
October 2002-December 2002 444,259 209,947 51,821
January 2003-March 2003 480,840 252,412 31,309
April 2003-June 2003 596,078 310,723 67,381
July 2003-September 2003 448,471 214,128 43,636
FISCAL YEAR 2004, TOTAL 2,035,761 990,249 230,619
October 2003-December 2003 453,910 211,414 59,746
January 2004-March 2004 489,927 253,054 33,289
April 2004-June 2004 612,808 308,822 81,800
July 2004-September 2004 479,116 216,958 55,784
FISCAL YEAR 2005, TOTAL 2,286,837 1,107,501 307,095
October 2004-December 2004 492,020 224,307 74,547
January 2005-March 2005 531,435 271,686 43,355
April 2005-June 2005 713,819 367,673 103,079
July 2005-September 2005 549,564 243,835 86,114
FISCAL YEAR 2006, TOTAL 2,536,771 1,236,259 380,925
October 2005-December 2005 531,599 240,961 89,694
January 2006-March 2006 598,921 302,873 58,503
April 2006-June 2006 809,903 427,823 124,945
July 2006-September 2006 596,348 264,602 107,783
FISCAL YEAR 2007, TOTAL 2,709,798 1,366,241 395,536
October 2006-December 2006 578,083 265,265 106,382
January 2007-March 2007 646,419 334,516 64,686
April 2007-June 2007 870,231 478,686 129,373
July 2007-September 2007 615,065 287,774 95,095
Excise taxes
Internal Alcohol and
Revenue Tobacco Tax
Service and Trade
[1,4] Bureau [4]
(4) (5)
FISCAL YEAR 1987, TOTAL [4] 33,311 [4]
October 1986-December 1986 8,281 N/A
January 1987-March 1987 7,925 N/A
April 1987-June 1987 8,493 N/A
July 1987-September 1987 [4] 8,612 [4]
FISCAL YEAR 1988, TOTAL 25,934 10,507
October 1987-December 1987 6,475 2,911
January 1988-March 1988 5,304 2,337
April 1988-June 1988 6,550 2,763
July 1988-September 1988 7,605 2,496
FISCAL YEAR 1989, TOTAL 25,977 11,397
October 1988-December 1988 6,657 2,985
January 1989-March 1989 6,098 2,395
April 1989-June 1989 6,899 3,401
July 1989-September 1989 6,324 2,615
FISCAL YEAR 1990, TOTAL 27,139 10,235
October 1989-December 1989 6,184 2,790
January 1990-March 1990 5,868 2,187
April 1990-June 1990 8,143 2,690
July 1990-September 1990 6,944 2,568
FISCAL YEAR 1991, TOTAL 30,452 12,895
October 1990-December 1990 6,363 2,753
January 1991-March 1991 7,107 2,919
April 1991-June 1991 7,545 3,545
July 1991-September 1991 9,436 3,678
FISCAL YEAR 1992, TOTAL 33,566 13,395
October 1991-December 1991 8,238 3,572
January 1992-March 1992 8,159 2,823
April 1992-June 1992 8,311 3,539
July 1992-September 1992 8,858 3,461
FISCAL YEAR 1993, TOTAL 34,962 13,987
October 1992-December 1992 8,388 3,581
January 1993-March 1993 8,317 3,074
April 1993-June 1993 8,739 3,776
July 1993-September 1993 9,518 3,556
FISCAL YEAR 1994, TOTAL 43,005 13,779
October 1993-December 1993 9,907 3,525
January 1994-March 1994 9,932 3,009
April 1994-June 1994 10,629 3,592
July 1994-September 1994 12,536 3,653
FISCAL YEAR 1995, TOTAL 44,981 14,317
October 1994-December 1994 11,029 3,791
January 1995-March 1995 10,791 2,982
April 1995-June 1995 11,116 3,603
July 1995-September 1995 12,045 3,941
FISCAL YEAR 1996, TOTAL 42,222 13,805
October 1995-December 1995 11,409 3,411
January 1996-March 1996 9,939 2,959
April 1996-June 1996 9,835 3,532
July 1996-September 1996 11,039 3,903
Footnotes at end of table.
FISCAL YEAR 1997, TOTAL 44,806 13,883
October 1996-December 1996 10,052 3,261
January 1997-March 1997 10,762 3,052
April 1997-June 1997 11,600 3,524
July 1997-September 1997 12,393 4,046
FISCAL YEAR 1998, TOTAL 45,643 13,588
October 1997-December 1997 12,424 3,181
January 1998-March 1998 11,424 2,968
April 1998-June 1998 12,575 3,581
July 1998-September 1998 9,220 3,858
FISCAL YEAR 1999, TOTAL 58,586 13,490
October 1998-December 1998 18,017 3,216
January 1999-March 1999 12,179 2,915
April 1999-June 1999 13,366 3,457
July 1999-September 1999 15,023 3,903
FISCAL YEAR 2000, TOTAL 2 54,811 [r] 15,911
October 1999-December 1999 12,611 3,523
January 2000-March 2000 13,107 3,540
April 2000-June 2000 13,608 4,217
July 2000-September 2000 15,484 4,558
FISCAL YEAR 2001, TOTAL 52,419 15,822
October 2000-December 2000 12,574 3,782
January 2001-March 2001 13,436 3,472
April 2001-June 2001 12,369 4,137
July 2001-September 2001 14,040 4,531
FISCAL YEAR 2002, TOTAL 52,137 17,034
October 2001-December 2001 8,070 3,756
January 2002-March 2002 15,632 3,957
April 2002-June 2002 13,486 4,480
July 2002-September 2002 14,949 4,841
FISCAL YEAR 2003, TOTAL 52,771 16,719
October 2002-December 2002 12,461 3,791
January 2003-March 2003 12,017 3,808
April 2003-June 2003 12,821 4,336
July 2003-September 2003 15,473 4,783
FISCAL YEAR 2004, TOTAL 54,807 17,260
October 2003-December 2003 12,613 4,243
January 2004-March 2004 13,018 3,745
April 2004-June 2004 13,554 4,481
July 2004-September 2004 15,623 4,790
FISCAL YEAR 2005, TOTAL 57,252 17,942
October 2004-December 2004 12,692 4,107
January 2005-March 2005 13,593 3,706
April 2005-June 2005 14,282 4,404
July 2005-September 2005 16,685 5,725
FISCAL YEAR 2006, TOTAL 57,990 18,090
October 2005-December 2005 13,269 4,357
January 2006-March 2006 13,783 4,053
April 2006-June 2006 14,903 4,727
July 2006-September 2006 16,035 4,953
FISCAL YEAR 2007, TOTAL 53,049 18,260
October 2006-December 2006 11,868 4,542
January 2007-March 2007 12,511 4,068
April 2007-June 2007 13,308 4,559
July 2007-September 2007 15,363 5,091
Estate
Employment and gift
taxes [5] taxes
(6) (7)
FISCAL YEAR 1987, TOTAL [4] 277,000 7,668
October 1986-December 1986 55,615 1,872
January 1987-March 1987 71,156 1,819
April 1987-June 1987 81,139 2,089
July 1987-September 1987 [4] 69,090 1,888
FISCAL YEAR 1988, TOTAL 318,039 7,784
October 1987-December 1987 66,500 1,813
January 1988-March 1988 80,161 1,761
April 1988-June 1988 91,426 2,190
July 1988-September 1988 79,952 2,020
FISCAL YEAR 1989, TOTAL 345,626 8,973
October 1988-December 1988 70,632 2,156
January 1989-March 1989 92,587 1,964
April 1989-June 1989 100,077 2,729
July 1989-September 1989 82,329 2,124
FISCAL YEAR 1990, TOTAL 367,219 11,762
October 1989-December 1989 74,982 2,444
January 1990-March 1990 92,868 2,291
April 1990-June 1990 110,281 4,284
July 1990-September 1990 89,088 2,743
FISCAL YEAR 1991, TOTAL 384,451 11,473
October 1990-December 1990 83,646 2,735
January 1991-March 1991 101,569 2,618
April 1991-June 1991 106,426 3,173
July 1991-September 1991 92,810 2,947
FISCAL YEAR 1992, TOTAL 400,081 11,479
October 1991-December 1991 88,749 2,735
January 1992-March 1992 97,425 2,606
April 1992-June 1992 118,503 3,266
July 1992-September 1992 95,404 2,872
FISCAL YEAR 1993, TOTAL 411,511 12,891
October 1992-December 1992 92,284 3,015
January 1993-March 1993 96,042 2,772
April 1993-June 1993 120,767 3,891
July 1993-September 1993 102,418 3,213
FISCAL YEAR 1994, TOTAL 443,831 15,607
October 1993-December 1993 97,012 3,569
January 1994-March 1994 108,037 3,503
April 1994-June 1994 128,665 4,869
July 1994-September 1994 110,117 3,666
FISCAL YEAR 1995, TOTAL 465,405 15,144
October 1994-December 1994 103,537 3,616
January 1995-March 1995 116,503 3,234
April 1995-June 1995 133,357 4,380
July 1995-September 1995 112,008 3,914
FISCAL YEAR 1996, TOTAL 492,365 17,592
October 1995-December 1995 106,200 3,992
January 1996-March 1996 120,783 3,612
April 1996-June 1996 144,825 5,368
July 1996-September 1996 120,557 4,620
Footnotes at end of table.
FISCAL YEAR 1997, TOTAL 528,597 20,356
October 1996-December 1996 120,284 4,471
January 1997-March 1997 132,838 4,339
April 1997-June 1997 144,048 6,341
July 1997-September 1997 131,426 5,206
FISCAL YEAR 1998, TOTAL 557,799 24,631
October 1997-December 1997 124,315 5,340
January 1998-March 1998 142,512 5,270
April 1998-June 1998 159,632 7,988
July 1998-September 1998 131,341 6,033
FISCAL YEAR 1999, TOTAL 598,670 28,386
October 1998-December 1998 133,695 6,639
January 1999-March 1999 149,408 6,084
April 1999-June 1999 166,086 9,093
July 1999-September 1999 149,480 6,570
FISCAL YEAR 2000, TOTAL 639,652 29,722
October 1999-December 1999 139,310 7,810
January 2000-March 2000 162,816 6,421
April 2000-June 2000 180,645 8,977
July 2000-September 2000 156,881 6,514
FISCAL YEAR 2001, TOTAL 682,223 29,248
October 2000-December 2000 150,175 7,099
January 2001-March 2001 176,339 6,663
April 2001-June 2001 193,561 9,156
July 2001-September 2001 162,148 6,331
FISCAL YEAR 2002, TOTAL 688,077 27,242
October 2001-December 2001 151,079 6,798
January 2002-March 2002 178,982 6,486
April 2002-June 2002 194,045 7,408
July 2002-September 2002 163,971 6,549
FISCAL YEAR 2003, TOTAL 695,976 22,827
October 2002-December 2002 160,448 5,792
January 2003-March 2003 175,609 5,684
April 2003-June 2003 194,902 5,916
July 2003-September 2003 165,016 5,435
FISCAL YEAR 2004, TOTAL 717,247 25,579
October 2003-December 2003 159,894 6,000
January 2004-March 2004 180,871 5,950
April 2004-June 2004 197,486 6,665
July 2004-September 2004 178,996 6,965
FISCAL YEAR 2005, TOTAL 771,442 25,606
October 2004-December 2004 170,425 5,942
January 2005-March 2005 192,825 6,270
April 2005-June 2005 217,592 6,789
July 2005-September 2005 190,600 6,604
FISCAL YEAR 2006, TOTAL 814,819 28,687
October 2005-December 2005 176,954 6,364
January 2006-March 2006 212,001 7,707
April 2006-June 2006 229,789 7,716
July 2006-September 2006 196,075 6,900
FISCAL YEAR 2007, TOTAL 849,733 26,978
October 2006-December 2006 183,437 6,589
January 2007-March 2007 224,649 6,989
April 2007-June 2007 236,427 7,878
July 2007-September 2007 205,220 6,522
Footnotes
N/A-Not applicable.
[1] Includes not only taxes collected by the Internal
Revenue Service (IRS) but, starting in Fiscal Year 1988
and the second quarter of Fiscal Year 1991, excise taxes
2004 55.9 1998 63.3 1992 29.6
2003 55.2 1997 66.9 1990 32.5
2007 49.8 2002 67.0 1995 68.5 1989 32.3
2006 50.1 2000 60.7 1994 69.7 1988 33.2
2005 53.3 1999 61.0 1993 27.7 1987 33.2
Collections of income tax of estates and trusts in fiscal
years, without regard to tax year, are as follows:
Fiscal Billions Fiscal Billions
year of year of
dollars dollars
2004 10.7
2003 8.4
2002 10.8
2007 21.5 2001 17.5
2006 17.1 2000 16.7
2005 13.9 1999 14.3
Fiscal Billions Fiscal Billions
year of year of
dollars dollars
1998 14.2 1992 6.1
1997 11.2 1991 4.8
1996 8.0 1990 5.9
1995 5.3 1989 6.0
1994 6.2 1988 6.5
1993 6.0 1987 8.4
[3] Includes various taxes collected from otherwise Federally
tax-exempt corporations and trusts, mainly the "unrelated
business income" tax (UBIT) imposed on organizations
that engage in activities that are unrelated to their
charitable purposes. Trusts with UBI are taxed at individual
income tax rates; however, these taxes were combined with
the corporation income tax collections when tabulated.
Following are total taxes and UBIT collected from tax-exempt
organizations in recent fiscal years:
Total Unrelated
Fiscal (Millions business
year of dollars) income tax
2007 N/A N/A
2006 884.7 635.3
2005 623.9 457.3
2004 510.7 347.1
2003 386.0 270.4
2002 494.5 319.2
2001 652.1 523.3
2000 674.8 553.6
1999 810.8 665.9
1998 689.8 473.2
Total Unrelated
Fiscal (Millions business
year of dollars) income tax
1997 666.8 484.9
1996 699.9 501.9
1995 484.9 294.3
1994 571.5 372.4
1993 342.7 173.6
1992 379.5 181.6
1991 288.2 155.6
1990 304.0 127.9
1989 271.4 115.6
1988 284.0 137.5
1987 244.3 119.9
[4] Data shown for the Alcohol and Tobacco Tax and Trade
Bureau (TTB) also include data for the Customs Service. To
preserve the historical time series interrupted by
transferring collection of the manufacturers' excise taxes
paid on alcohol and tobacco and of the manufacturers'
excise taxes on recreational products for the taxes
paid on firearms from IRS to TTB, starting in July 1987
and January 1991, respectively, the combined excise taxes
for these two Treasury agencies are shown in Table 18
collections, for fiscal years beginning with 1988. They
have also been added to the total tax collections reported
by IRS to show a grand total of all Treasury Department tax
alongside the IRS excise tax collections (with the exception
of a cargo excise tax collected by the Customs Service).
Although responsibility for the administration of alcohol and
tobacco excise taxes was transferred to the Alcohol and
Tobacco Tax and Trade Bureau (TTB) and the Customs Service,
effective July 1, 1987, i.e., with the beginning of the
fourth quarter of Fiscal Year 1987, the taxes collected
were treated as Internal Revenue Service tax collections
(column 4) through September 30, 1987, i.e., through the end
of the fourth quarter of Fiscal Year 1987, rather than as
TTB/Customs collections (column 5), as a transitional measure.
[5] Employment taxes include:
(a) Old-Age, Survivors, Disability, and Hospital Insurance
(OASDHI) taxes, i.e., Social Security taxes, levied on salaries
and wages (under the Federal Insurance Contributions Act
(FICA)). Amounts collected in recent fiscal years are as follows:
Fiscal Billions Fiscal Billions
year of year of
dollars dollars
2004 664.9
2003 647.9
2002 639.7
2007 787.8 2001 634.2
2006 757.5 2000 593.3
2005 716.9 1999 555.3
Fiscal Billions Fiscal Billions
year of year of
dollars dollars
1998 513.9 1992 365.2
1997 484.0 1991 349.3
1996 455.2 1990 336.3
1995 394.4 1989 317.8
1994 409.6 1988 289.9
1993 381.1 1987 252.6
(b) Social Security taxes levied on "self-employment income"
(under the Self-Employment Insurance Contributions Act
(SECA)). Amounts collected in recent fiscal
years are as follows:
Fiscal Billions Fiscal Billions
year of year of
dollars dollars
2004 41.2
2003 37.1
2002 37.1
2007 49.8 2001 36.3
2006 45.1 2000 34.6
2005 43.1 1999 32.2
Fiscal Billions Fiscal Billions
year of year of
dollars dollars
1998 32.6 1992 24.4
1997 34.0 1991 25.5
1996 26.9 1990 21.3
1995 60.9 1989 19.0
1994 24.4 1988 17.7
1993 20.6 1987 14.0
(c) Unemployment insurance taxes (under the Federal
Unemployment Tax Act (FUTA)). Amounts collected in recent
fiscal years are as follows:
Fiscal Billions Fiscal Billions
year of year of
dollars dollars
2004 6.7
2003 6.6
2002 6.7
2007 7.4 2001 7.1
2006 7.5 2000 7.0
2005 6.9 1999 6.7
Fiscal Billions Fiscal Billions
year of year of
dollars dollars
1998 6.5 1992 5.8
1997 6.2 1991 5.5
1936 6.0 1990 5.5
1995 5.8 1989 4.7
1994 5.6 1988 6.2
1993 5.6 1987 6.2
(d) Railroad Retirement (carriers) tax. Amounts collected
in recent fiscal years are as follows:
Fiscal Billions Fiscal Billions
year of year of
dollars dollars
2004 4.4
2003 4.4
2002 4.6
2007 4.7 2001 4.7
2006 4.7 2000 4.8
2005 4.5 1999 4.5
Fiscal Billions Fiscal Billions
year of year of
dollars dollars
1998 4.8 1992 4.4
1997 4.4 1991 4.2
1996 4.3 1990 4.2
1995 4.3 1989 4.1
1994 4.2 1988 4.3
1993 4.3 1987 4.2
NOTES: In general, collections represent the gross amounts
before refunds and include (a) amounts paid with the tax
return, (b) amounts paid prior to filing the return, as
applicable (income tax withheld by employers and "estimated
tax" payments), and (c) amounts paid subsequent to filing the
return (chiefly the result of initial IRS administrative
return processing or later examination and enforcement
activities). Collections also include interest and penalties,
but do not reflect any revisions to the IRS data for specific
fiscal years made after the close of the fiscal year.
Instead, revisions are reflected in the data for the later
fiscal year in which the revision was made. However, revisions
to the Alcohol and Tobacco Tax and Trade Bureau (TTB)
(formerly the Bureau of Alcohol, Tobacco, and Firearms
(ATF)) and Customs Service excise tax collections are
treated differently. See the "Notes" to Table 21.
Collection statistics reported by the Internal Revenue
Service are not altogether comparable to those published
by the Financial Management Service, also in the Treasury
Department, because of timing differences resulting from
the definitions each agency uses. The Internal Revenue
Service counts the monies as they are received (to reflect
the status of its tax collection operation); the Financial
Management Service counts these amounts as received, but
only after discrepancies (such as between what the employer
reports as tax withheld and the amount actually withheld)
are resolved. Also, the Financial Management Service
classifies the tax collected according to the Federal
Budget account to which the tax receipts are assigned. For
purposes of Table 18 (and to facilitate comparisons with
Table 21), the grand totals of all excise taxes were
obtained by accumulating data from the Treasury Monthly
Statement. See also the citation under Source, below. Totals
for excise taxes collected by IRS were then subtracted
from these grand totals to derive the combined totals shown as
having been collected by the TTB and the Customs Service.
This subtraction is not precise because of definitional
differences between the two agencies. Detail may not
add to totals because of rounding. All amounts are in
current dollars. Tax law and tax form changes affect the
year-to-year comparability of the data.
SOURCE: U.S. Department of the Treasury, Internal Revenue
Service, Internal Revenue Service Data Book and Chief Financial
Officer, Office of Finance, Revenue Accounting Division, Office
of Revenue Systems; and Financial Management Service, Monthly
Statement on Receipts and Outlays of the United States
Government, monthly.
Table 19. Internal Revenue Tax Refunds: Amount Refunded
by Quarter and Fiscal Year,
1987-2007
[Money amounts are in millions of dollars]
Amount refunded by type
of return
Individual
Quarter and fiscal year Total [1] income taxes [2]
(1) (2)
FISCAL YEAR 1987, TOTAL 96,969 73,583
October 1986-December 1986 8,668 3,406
January 1987-March 1987 28,422 22,198
April 1987-June 1987 50,063 42,858
July 1987-September 1987 9,816 5,121
FISCAL YEAR 1988, TOTAL 94,480 74,399
October 1987-December 1987 7,701 3,437
January 1988-March 1988 27,798 21,744
April 1988-June 1988 49,202 43,769
July 1988-September 1988 9,776 5,449
FISCAL YEAR 1989, TOTAL 93,613 73,597
October 1988-December 1988 8,380 3,362
January 1989-March 1989 32,041 26,759
April 1989-June 1989 43,538 38,895
July 1989-September 1989 9,654 4,581
FISCAL YEAR 1990, TOTAL 99,656 76,065
October 1989-December 1989 8,487 3,094
January 1990-March 1990 37,121 31,367
April 1990-June 1990 43,308 36,952
July 1990-September 1990 10,740 4,652
FISCAL YEAR 1991, TOTAL 104,380 82,877
October 1990-December 1990 8,284 3,367
January 1991-March 1991 38,020 32,811
April 1991-June 1991 47,962 41,638
July 1991-September 1991 10,114 5,061
FISCAL YEAR 1992, TOTAL 113,108 88,624
October 1991-December 1991 10,072 3,607
January 1992-March 1992 44,657 38,183
April 1992-June 1992 47,817 42,231
July 1992-September 1992 10,562 4,603
FISCAL YEAR 1993, TOTAL 93,580 74,234
October 1992-December 1992 7,891 3,081
January 1993-March 1993 37,213 31,503
April 1993-June 1993 39,325 35,353
July 1993-September 1993 9,151 4,297
FISCAL YEAR 1994, TOTAL 96,980 75,935
October 1993-December 1993 7,329 2,322
January 1994-March 1994 34,614 27,859
April 1994-June 1994 43,804 40,876
July 1994-September 1994 11,233 4,878
FISCAL YEAR 1995, TOTAL 108,035 84,056
October 1994-December 1994 9,086 3,440
January 1995-March 1995 35,791 27,642
April 1995-June 1995 53,388 47,433
July 1995-September 1995 9,770 5,541
FISCAL YEAR 1996, TOTAL 132,710 107,361
October 1995-December 1995 11,149 4,133
January 1996-March 1996 48,625 41,633
April 1996-June 1996 61,612 56,319
July 1996-September 1996 11,324 5,276
FISCAL YEAR 1997, TOTAL 142,599 113,083
October 1996-December 1996 13,306 4,460
January 1997-March 1997 58,345 51,442
April 1997-June 1997 57,421 51,980
July 1997-September 1997 13,525 5,201
FISCAL YEAR 1998, TOTAL 153,828 119,499
October 1997-December 1997 10,680 4,369
January 1998-March 1998 66,516 56,124
April 1998-June 1998 59,172 52,613
July 1998-September 1998 17,460 6,393
FISCAL YEAR 1999, TOTAL 185,282 146,406
October 1998-December 1998 15,684 5,010
January 1999-March 1999 77,493 65,467
April 1999-June 1999 76,729 68,418
July 1999-September 1999 15,376 7,511
FISCAL YEAR 2000, TOTAL 195,751 157,837
October 1999-December 1999 16,453 6,590
January 2000-March 2000 94,728 84,290
April 2000-June 2000 67,353 59,386
July 2000-September 2000 17,217 7,571
FISCAL YEAR 2001, TOTAL 252,787 205,690
October 2000-December 2000 17,859 6,685
January 2001-March 2001 102,741 87,193
April 2001-June 2001 75,813 66,964
July 2001-September 2001 56,374 44,848
FISCAL YEAR 2002, TOTAL 257,644 183,891
October 2001-December 2001 26,567 8,665
January 2002-March 2002 94,761 76,571
April 2002-June 2002 107,211 87,192
July 2002-September 2002 29,105 11,463
FISCAL YEAR 2003, TOTAL 296,064 223,317
October 2002-December 2002 32,964 11,292
January 2003-March 2003 126,113 105,124
April 2003-June 2003 98,530 81,958
July 2003-September 2003 38,457 24,943
FISCAL YEAR 2004, TOTAL 270,893 218,667
October 2003-December 2003 30,851 10,930
January 2004-March 2004 127,181 116,146
April 2004-June 2004 92,443 81,049
July 2004-September 2004 20,418 10,542
FISCAL YEAR 2005, TOTAL 255,439 212,966
October 2004-December 2004 24,050 10,242
January 2005-March 2005 126,559 116,060
April 2005-June 2005 83,244 76,170
July 2005-September 2005 21,586 10,494
FISCAL YEAR 2006, TOTAL [6] 265,003 227,240
October 2005-December 2005 21,173 10,248
January 2006-March 2006 142,565 131,626
April 2006-June 2006 76,231 70,181
July 2006-September 2006 25,034 15,185
FISCAL YEAR 2007, TOTAL 279,173 235,645
October 2006-December 2006 23,490 7,964
January 2007-March 2007 153,223 140,744
April 2007-June 2007 84,376 77,836
July 2007-September 2007 18,084 9,101
Amount refunded by type
of return
Corporation Excise
Quarter and fiscal year income taxes [3] taxes [1,4]
(3) (4)
FISCAL YEAR 1987, TOTAL 19,891 1,381
October 1986-December 1986 4,789 111
January 1987-March 1987 5,296 479
April 1987-June 1987 5,948 332
July 1987-September 1987 3,858 459
FISCAL YEAR 1988, TOTAL 16,477 1,114
October 1987-December 1987 3,727 207
January 1988-March 1988 5,248 198
April 1988-June 1988 3,848 421
July 1988-September 1988 3,654 288
FISCAL YEAR 1989, TOTAL 14,921 2,054
October 1988-December 1988 4,461 118
January 1989-March 1989 4,462 182
April 1989-June 1989 3,849 350
July 1989-September 1989 2,149 1,404
FISCAL YEAR 1990, TOTAL 18,324 2,261
October 1989-December 1989 4,605 300
January 1990-March 1990 4,922 342
April 1990-June 1990 4,209 549
July 1990-September 1990 4,588 1,070
FISCAL YEAR 1991, TOTAL 17,440 1,188
October 1990-December 1990 4,148 344
January 1991-March 1991 4,286 293
April 1991-June 1991 4,748 226
July 1991-September 1991 4,258 325
FISCAL YEAR 1992, TOTAL 19,688 1,997
October 1991-December 1991 5,639 379
January 1992-March 1992 5,750 201
April 1992-June 1992 4,596 476
July 1992-September 1992 3,703 941
FISCAL YEAR 1993, TOTAL 16,035 958
October 1992-December 1992 4,190 208
January 1993-March 1993 4,971 239
April 1993-June 1993 3,195 290
July 1993-September 1993 3,679 221
FISCAL YEAR 1994, TOTAL 16,251 1,877
October 1993-December 1993 4,176 394
January 1994-March 1994 5,800 403
April 1994-June 1994 2,109 333
July 1994-September 1994 4,165 747
FISCAL YEAR 1995, TOTAL 19,350 2,223
October 1994-December 1994 4,909 319
January 1995-March 1995 6,370 926
April 1995-June 1995 4,904 500
July 1995-September 1995 3,167 478
FISCAL YEAR 1996, TOTAL 19,201 2,075
October 1995-December 1995 5,391 361
January 1996-March 1996 6,103 239
April 1996-June 1996 4,363 355
July 1996-September 1996 3,344 1,120
FISCAL YEAR 1997, TOTAL 24,046 1,790
October 1996-December 1996 8,082 155
January 1997-March 1997 5,771 493
April 1997-June 1997 4,399 375
July 1997-September 1997 5,794 767
FISCAL YEAR 1998, TOTAL 27,560 1,600
October 1997-December 1997 5,496 165
January 1998-March 1998 9,326 266
April 1998-June 1998 5,506 188
July 1998-September 1998 7,232 981
FISCAL YEAR 1999, TOTAL 34,062 1,690
October 1998-December 1998 9,885 143
January 1999-March 1999 10,648 508
April 1999-June 1999 7,139 369
July 1999-September 1999 6,390 670
FISCAL YEAR 2000, TOTAL 30,382 1,802
October 1999-December 1999 8,844 176
January 2000-March 2000 8,933 539
April 2000-June 2000 6,625 388
July 2000-September 2000 5,980 699
FISCAL YEAR 2001, TOTAL 37,941 1,948
October 2000-December 2000 10,148 232
January 2001-March 2001 13,984 468
April 2001-June 2001 7,409 465
July 2001-September 2001 6,400 783
FISCAL YEAR 2002, TOTAL 66,758 2,248
October 2001-December 2001 16,659 321
January 2002-March 2002 16,658 545
April 2002-June 2002 18,498 625
July 2002-September 2002 14,942 758
FISCAL YEAR 2003, TOTAL 65,332 2,026
October 2002-December 2002 20,580 215
January 2003-March 2003 19,587 526
April 2003-June 2003 14,958 607
July 2003-September 2003 10,207 677
FISCAL YEAR 2004, TOTAL 45,850 1,955
October 2003-December 2003 18,913 220
January 2004-March 2004 9,528 580
April 2004-June 2004 10,062 499
July 2004-September 2004 7,347 656
FISCAL YEAR 2005, TOTAL 34,332 2,132
October 2004-December 2004 12,911 184
January 2005-March 2005 8,530 576
April 2005-June 2005 5,578 597
July 2005-September 2005 7,313 774
FISCAL YEAR 2006, TOTAL [6] 29,831 2,163
October 2005-December 2005 9,863 262
January 2006-March 2006 9,484 508
April 2006-June 2006 4,372 686
July 2006-September 2006 6,112 706
FISCAL YEAR 2007, TOTAL 27,340 3,527
October 2006-December 2006 7,960 439
January 2007-March 2007 10,097 1,396
April 2007-June 2007 4,362 797
July 2007-September 2007 4,921 896
Amount refunded by type
of return
Employment Estate and
Quarter and fiscal year taxes [5] gift taxes
(5) (6)
FISCAL YEAR 1987, TOTAL 1,900 214
October 1986-December 1986 312 50
January 1987-March 1987 393 56
April 1987-June 1987 869 57
July 1987-September 1987 326 52
FISCAL YEAR 1988, TOTAL 2,263 227
October 1987-December 1987 275 55
January 1988-March 1988 553 55
April 1988-June 1988 1,114 50
July 1988-September 1988 321 67
FISCAL YEAR 1989, TOTAL 2,771 269
October 1988-December 1988 359 80
January 1989-March 1989 570 67
April 1989-June 1989 381 63
July 1989-September 1989 1,461 59
FISCAL YEAR 1990, TOTAL 2,677 329
October 1989-December 1989 409 79
January 1990-March 1990 423 67
April 1990-June 1990 1,492 106
July 1990-September 1990 353 77
FISCAL YEAR 1991, TOTAL 2,471 404
October 1990-December 1990 323 102
January 1991-March 1991 538 92
April 1991-June 1991 1,249 101
July 1991-September 1991 361 109
FISCAL YEAR 1992, TOTAL 2,398 401
October 1991-December 1991 346 101
January 1992-March 1992 430 93
April 1992-June 1992 399 115
July 1992-September 1992 1,223 92
FISCAL YEAR 1993, TOTAL 1,969 384
October 1992-December 1992 324 88
January 1993-March 1993 396 104
April 1993-June 1993 397 90
July 1993-September 1993 852 102
FISCAL YEAR 1994, TOTAL 2,477 441
October 1993-December 1993 324 113
January 1994-March 1994 445 107
April 1994-June 1994 393 93
July 1994-September 1994 1,315 128
FISCAL YEAR 1995, TOTAL 1,972 434
October 1994-December 1994 304 114
January 1995-March 1995 753 101
April 1995-June 1995 443 108
July 1995-September 1995 472 111
FISCAL YEAR 1996, TOTAL 3,584 489
October 1995-December 1995 1,152 112
January 1996-March 1996 538 112
April 1996-June 1996 454 121
July 1996-September 1996 1,440 144
FISCAL YEAR 1997, TOTAL 3,104 576
October 1996-December 1996 433 176
January 1997-March 1997 552 87
April 1997-June 1997 522 146
July 1997-September 1997 1,596 167
FISCAL YEAR 1998, TOTAL 4,562 609
October 1997-December 1997 499 151
January 1998-March 1998 670 130
April 1998-June 1998 683 182
July 1998-September 1998 2,708 146
FISCAL YEAR 1999, TOTAL 2,470 654
October 1998-December 1998 455 191
January 1999-March 1999 741 129
April 1999-June 1999 646 157
July 1999-September 1999 628 177
FISCAL YEAR 2000, TOTAL 4,957 773
October 1999-December 1999 613 230
January 2000-March 2000 791 175
April 2000-June 2000 773 181
July 2000-September 2000 2,780 187
FISCAL YEAR 2001, TOTAL 6,283 925
October 2000-December 2000 549 245
January 2001-March 2001 897 199
April 2001-June 2001 789 186
July 2001-September 2001 4,048 295
FISCAL YEAR 2002, TOTAL 3,944 803
October 2001-December 2001 700 222
January 2002-March 2002 821 166
April 2002-June 2002 668 228
July 2002-September 2002 1,754 188
FISCAL YEAR 2003, TOTAL 4,445 944
October 2002-December 2002 609 268
January 2003-March 2003 685 191
April 2003-June 2003 789 217
July 2003-September 2003 2,362 268
FISCAL YEAR 2004, TOTAL 3,638 783
October 2003-December 2003 562 226
January 2004-March 2004 755 172
April 2004-June 2004 646 188
July 2004-September 2004 1,675 198
FISCAL YEAR 2005, TOTAL 5,126 883
October 2004-December 2004 483 229
January 2005-March 2005 1,185 207
April 2005-June 2005 700 200
July 2005-September 2005 2,758 246
FISCAL YEAR 2006, TOTAL [6] 4,918 851
October 2005-December 2005 591 210
January 2006-March 2006 786 161
April 2006-June 2006 713 278
July 2006-September 2006 2,827 202
FISCAL YEAR 2007, TOTAL 11,691 1,467
October 2006-December 2006 6,816 311
January 2007-March 2007 769 217
April 2007-June 2007 1,151 229
July 2007-September 2007 2,954 710
[1] Even though the Alcohol and Tobacco Tax and Trade Bureau
(TTB) and the Customs Service have had responsibility for
collecting and refunding excise taxes on alcohol and tobacco
since July 1987 and for excise taxes on firearms since
January 1991, the Internal Revenue Service (IRS) continues to
be responsible for recording refunds of these taxes.
Consequently, IRS statistics for excise tax refunds include
refunds made by TTB and the Customs Service in years
subsequent to the dates on which organizational responsibility
was transferred. In contrast, TTB and Customs Service excise
tax collections are recorded by these two Treasury agencies and
are, therefore, shown separately in Table 18 under the heading,
Alcohol and Tobacco Tax and Trade Bureau. See also footnote 4.
[2] Includes special statutory refunds and refunds of taxes
paid on the "unrelated business income" of certain tax-exempt
trusts. Also, to preserve the year-to-year comparability of
the historical series, individual income tax refund data have
been revised, as necessary, starting with 1996, to include
net refunds due to the "earned income credit" in addition to
overpayment and other refunds. This credit is already
reflected in the refund statistics for previous years.
Therefore, refund data may not always agree with those presented
in the annual Internal Revenue Service Data Book, for certain
years starting with 1996, although, conceptually, they
agree with refund data published in the Treasury Department's
Monthly Statement of Receipts and Outlays of the United States
Government. See also the citation under "Source," below.
Individual income tax refunds are net of offsets under laws
that require the Department of the Treasury to act as collecting
agent for delinquent payments owed various U.S. Government
agencies under specific programs. See Table 20 (which, however,
is by calendar year rather than by fiscal year).
[3] Includes refunds of taxes on the "unrelated business
income" of tax-exempt organizations, except for certain trusts.
[4] See footnote 1. Also, as further explained in the "Notes"
to Table 21, taxpayers can offset certain refundable excise
tax payments against the tax of subsequent time periods and
claim certain other refunds as a credit against income tax;
however, these amounts are not reflected in the excise tax
refund statistics.
[5] The kinds of employment taxes subject to refund are
listed in Table 18, footnote 5. refunds were excluded in the
calculations for Individual Income Tax Returns, Amount
Refunded by Fscal Quarter. These amounts have been corrected
above.
NOTES: Detail may not add to totals because of rounding.
Tax law and tax form changes affect the year-to-year
comparability of the data. All amounts are in current dollars.
Refund data include interest paid on the refunds by IRS or
the Alcohol and Tobacco Tax and Trade Bureau (TTB) (formerly
the Bureau of Alcohol, Tobacco, and Firearms (ATF))
as shown below. See also the "Notes" to Table 18.
[6] Certain money amounts from this table were originally
incorrectly reported starting with the first quarter of
Fiscal Year 2006. A portion of estate and partnership
Fiscal Total Individuals Corporations
year (Billions
of dollars)
2006 3.6 0.6 2.8
2005 6.1 0.5 5.5
2004 5.1 0.4 4.6
2003 3.3 0.5 2.6
2002 4.2 0.6 3.4
2001 2.7 0.5 2.0
2000 2.6 0.6 2.0
1999 2.7 0.4 2.2
1998 2.6 0.3 2.1
1997 2.4 0.4 1.8
Fiscal Total Individuals Corporations
year (Billions
of dollars)
1996 2.2 0.3 1.6
1995 2.7 0.4 1.7
1994 3.1 0.3 2.3
1993 2.1 0.4 1.6
1992 3.2 0.4 2.1
1991 2.8 0.5 2.0
1990 2.4 0.5 1.4
1989 1.8 0.5 n.a.
1988 1.7 0.4 n.a.
1987 2.0 0.4 n.a.
SOURCE: U.S. Department of the Treasury, Internal Revenue
Service, Internal Revenue Service Data Book and Chief
Financial Officer, Office of Finance, Revenue
Accounting Division, Office of Revenue Systems.
Table 20. Federal Excise Taxes Reported to or Collected by the
Internal Revenue Service, Alcohol and Tobacco Tax and Trade Bureau,
and Customs Service, by Type of Excise Tax, Fiscal Years
2001-2007
[Money amounts are in thousands of dollars]
Fiscal year
2001 2002 2003
Type of excise tax by
agency to which
tax was reported or paid
(1) (2) (3)
Total excise tax collections 70,648,000 68,241,000 69,171,000
Excise tax collections or
liabilities reported
by the Internal Revenue
Service [1]
Total excise tax collections 54,810,038 52,418,848 52,136,835
Retail excise taxes:
Luxury taxes:
Passenger vehicles 407,222 341,981 252,834
(expired, January
1, 2003)
Boats (repealed, 0 19 0
January 1, 1993)
Aircraft (repealed, 0 0 0
January 1, 1993)
Jewelry (repealed, 0 0 0
January 1, 1993)
Furs (repealed, 0 1 0
January 1, 1993)
Dyed diesel fuel used in
trains:
Total, excluding floor 170,960 167,161 147,408
stocks
Floor stocks 0 0 1
Dyed diesel fuel for 2,317 2,380 1,731
certain intercity or
local buses
Dyed diesel N/A N/A N/A
Dyed kerosene N/A N/A N/A
Special motor fuels:
Total, excluding floor 19,535 18,404 17,570
stocks
Floor stocks -1 0 0
Compressed natural gas 1,145 1,026 895
Alcohol fuels [2] 807 5,462 408
Fuels used commercially on 118,666 114,110 111,311
inland waterways
Truck, trailer, and
semitrailer chassis
and bodies,
and tractors 2,775,788 1,573,968 1,574,947
Manufacturer's excise taxes:
Gas guzzlers [2] 70,788 78,157 79,705
Highway-type tires [2] 420,299 354,769 372,800
Tires other than Biasply N/A N/A N/A
or Super Single [3]
Biasply or Super Single N/A N/A N/A
tires [3]
Super Single tires for N/A N/A N/A
steering [3]
Aviation gasoline [4] 58,472 49,687 62,574
Gasoline except for use
in gasohol:
Total, excluding floor 21,040,777 20,619,195 20,942,138
stocks
Floor stocks 2 -21 2
Diesel fuel, except for
trains and intercity
buses:
Total, excluding floor 8,229,762 8,208,994 8,214,559
stocks [2]
Floor stocks -133 0 0
Diesel-water fuel emulsion N/A N/A N/A
Kerosene for use in aviation N/A N/A N/A
Floor stocks N/A N/A N/A
Other exempt fuels N/A N/A N/A
Alternative fuel:
Liquid petroleum gas N/A N/A N/A
Biodiesel fuel, not N/A N/A N/A
used as fuel
P series fuel N/A N/A N/A
Compressed natural gas N/A N/A N/A
Liquefied hydrogen N/A N/A N/A
Liquefied fuel derived N/A N/A N/A
from coal
Liquefied N/A N/A N/A
hydrocarbons--biomass
Liquefied natural gas N/A N/A N/A
Gasoline for use in
gasohol by alcohol content:
Total, excluding floor
stocks:
5.7 percent under 7.7 65 9 77
percent
7.7 percent under 10 4,266 4,839 4,835
percent
10 percent or more 265,273 243,702 302,407
Floor stocks 0 1 -1
Gasohol by alcohol content:
Total, excluding floor
stocks:
5.7 percent under 7.7 25,934 297,763 406,578
percent
7.7 percent under 10 59,104 146,196 176,148
percent
10 percent or more 2,039,428 1,918,995 1,932,347
Floor stocks 0 0 0
Aviation-grade kerosene
(except gasoline)
for noncommercial use:
Total, excluding floor 187,318 287,664 286,559
stocks
Aviation-grade kerosene
(except gasoline) 620,044 509,944 453,361
for commercial use
(other than foreign
trade)
Floor stocks 0 0 0
Kerosene (effective 90,331 62,857 72,128
July 1, 1998)
Coal:
Mined underground:
At 4.4 percent of 183,531 155,966 134,588
sales price
At $1.10 per ton 135,189 149,366 147,646
Surface mined:
At 4.4 percent of 90,122 103,502 109,537
sales price
At $0.55 per ton 140,004 139,634 125,760
Certain vaccines [2] 152,349 161,764 179,009
Sport fishing equipment 100,642 97,901 97,986
Fishing tackle boxes 0 0 0
Electric outboard motors, 2,477 2,725 2,585
sonar devices
Fishing rods and poles N/A N/A N/A
Bows and arrows 19,094 20,297 20,947
Arrow shafts 0 0 0
Taxes on facilities and
services:
Telephone and 5,737,027 5,803,631 5,809,503
teletypewriter services
Transportation of persons 6,670,357 6,157,264 6,185,415
by air
Use of international air 1,450,458 1,406,192 1,452,015
travel facilities
Transportation of 400,286 372,119 455,209
property by air
Taxes on policies issued by 152,221 195,634 292,897
foreign insurers
Taxes related to wagering:
Certain wagers [2] [5] [5] [5]
Occupational taxes [2] [5] [5] [5]
Certain other excise taxes:
Passenger transportation 27,919 31,069 33,252
by water
Use tax on heavy vehicles [1,2] 867,345 899,367 911,445
Environmental taxes:
Domestic petroleum 14 -4 1
(Superfund) (expired
effective January 1, 1996)
Imported petroleum (Superfund) 337 641 -4
(expired effective
January 1, 1996)
Domestic petroleum (Oil 6 0 0
Spill Liability Trust
Fund) (expired effective
January 1, 1995),
reinstated April 1, 2006
Imported petroleum (Oil 0 0 0
Spill Liability Trust Fund)
(expired effective
January 1, 1995),
reinstated April 1, 2006 -2,258 -2,842 -687
Certain chemicals
(Superfund) (expired
effective
January 1, 1996) [2]
Certain imported substances -492 -7 0
(Superfund) (expired
effective January 1,
1996) [2]
Ozone-depleting
chemicals: [2]
Total, excluding floor 12,076 3,995 7,519
stocks
Floor stocks 1,313 1,182 905
Imported taxable products 11,978 -945 6,869
containing or manufactured
using ozone-depleting
chemicals [2]
Taxes on Private Foundations:
Net investment income [6] 720,047 490,425 262,662
Additional excise taxes [7] 3,072 4,520 5,059
Taxes on Black Lung Benefit -1 0 0
Trusts [2]
Taxes on qualified pension
and other plans:
Failure to meet minimum 652 1,851 54
funding standards.
Nondeductible contributions 12,145 -25 6
Excess contributions to
Individual Retirement
Accounts and others [5] [5] [5]
Prohibited transactions 1,091 207 1,476
Certain excess contributions 542 34 17
Reversion of qualified plan 2,127 175 80
assets to employer
Penalties [2] 3,958 1,887 2,446
Taxes on undistributed income
of qualified
investment entities:
Real Estate Investment 249 73 152
Trusts
Regulated Investment 6,068 1,872 3,892
Companies
Windfall profits tax on 0 0 0
domestic crude oil
(repealed August 23,
1988) [1]
Miscellaneous IRS taxes [2] 131,718 106,214 35,543
Unclassified [8] 335,652 369,406 318,582
Excise tax collections or
liabilities reported by the
Customs Service and the
Alcohol and Tobacco Tax
and Trade Bureau
Total excise tax collections 15,822,152 17,034,165 16,718,840
Tax liabilities by type 15,771,195 16,989,022 16,678,051
of excise tax [9]
Distilled spirits:
Domestic 3,004,527 3,138,705 3,132,577
Imported 892,230 901,173 982,016
Wine:
Domestic 498,537 513,559 534,927
Imported 168,675 193,737 215,803
Beer:
Domestic 3,171,384 3,236,231 3,189,580
Imported 383,793 414,895 415,280
Tobacco products: [10]
Domestic [10] 7,120,255 7,879,499 7,435,391
Cigarettes [10] 7,012,908 7,646,535 7,293,490
Cigars [10] 114,615 139,618 154,261
Papers/tubes [10] 929 954 1,018
Chewing tobacco and 43,571 49,504 52,094
snuff [10]
Pipe/roll-your-own 14,141 15,478 18,236
tobacco [10]
Floor stocks 528 115,835 1,628
Imported 252,229 404,308 475,278
Firearms and ammunition 175,959 205,025 193,420
Special occupations 103,606 101,890 103,779
Alcohol and Tobacco Tax 50,957 45,143 40,789
and Trade Bureau
and Customs Service
collections less
reported amounts
Total collections less 50,957 45,143 40,789
reported amounts
Fiscal year
2004 2005
Type of excise tax by
agency to which
tax was reported or paid
(4) (5)
Total excise tax collections 69,490,000 71,781,000
Excise tax collections or
liabilities reported
by the Internal Revenue
Service [1]
Total excise tax collections 52,771,160 54,807,225
Retail excise taxes:
Luxury taxes:
Passenger vehicles 65,162 3,032
(expired, January
1, 2003)
Boats (repealed, 0 0
January 1, 1993)
Aircraft (repealed, 0 0
January 1, 1993)
Jewelry (repealed, 0 0
January 1, 1993)
Furs (repealed, 0 0
January 1, 1993)
Dyed diesel fuel used in
trains:
Total, excluding floor 162,654 127,169
stocks
Floor stocks 0 1
Dyed diesel fuel for 1,266 1,139
certain intercity or
local buses
Dyed diesel N/A N/A
Dyed kerosene N/A N/A
Special motor fuels:
Total, excluding floor 14,226 12,990
stocks
Floor stocks 0 0
Compressed natural gas 1,735 1,406
Alcohol fuels [2] -9,986 7,367
Fuels used commercially on 111,058 110,364
inland waterways
Truck, trailer, and
semitrailer chassis
and bodies,
and tractors 1,608,208 2,235,178
Manufacturer's excise taxes:
Gas guzzlers [2] 126,685 140,834
Highway-type tires [2] 403,892 433,116
Tires other than Biasply N/A N/A
or Super Single [3]
Biasply or Super Single N/A N/A
tires [3]
Super Single tires for N/A N/A
steering [3]
Aviation gasoline [4] 57,953 44,611
Gasoline except for use
in gasohol:
Total, excluding floor 20,169,608 18,232,507
stocks
Floor stocks 0 0
Diesel fuel, except for
trains and intercity
buses:
Total, excluding floor 8,581,467 9,016,694
stocks [2]
Floor stocks 0 0
Diesel-water fuel emulsion N/A N/A
Kerosene for use in aviation N/A N/A
Floor stocks N/A N/A
Other exempt fuels N/A N/A
Alternative fuel:
Liquid petroleum gas N/A N/A
Biodiesel fuel, not N/A N/A
used as fuel
P series fuel N/A N/A
Compressed natural gas N/A N/A
Liquefied hydrogen N/A N/A
Liquefied fuel derived N/A N/A
from coal
Liquefied N/A N/A
hydrocarbons--biomass
Liquefied natural gas N/A N/A
Gasoline for use in
gasohol by alcohol content:
Total, excluding floor
stocks:
5.7 percent under 7.7 2,320 15,436
percent
7.7 percent under 10 946 503
percent
10 percent or more 358,002 306,441
Floor stocks 0 0
Gasohol by alcohol content:
Total, excluding floor
stocks:
5.7 percent under 7.7 1,296,991 2,363,320
percent
7.7 percent under 10 91,017 97,098
percent
10 percent or more 2,313,542 2,899,287
Floor stocks 0 0
Aviation-grade kerosene
(except gasoline)
for noncommercial use:
Total, excluding floor 322,440 1,027,883
stocks
Aviation-grade kerosene
(except gasoline) 503,696 -98,244
for commercial use
(other than foreign
trade)
Floor stocks 0 0
Kerosene (effective 62,085 52,802
July 1, 1998)
Coal:
Mined underground:
At 4.4 percent of 125,536 85,816
sales price
At $1.10 per ton 194,585 261,097
Surface mined:
At 4.4 percent of 120,012 134,071
sales price
At $0.55 per ton 127,877 131,451
Certain vaccines [2] 171,471 196,426
Sport fishing equipment 103,339 101,563
Fishing tackle boxes 0 617
Electric outboard motors, 3,240 2,358
sonar devices
Fishing rods and poles N/A N/A
Bows and arrows 22,058 23,881
Arrow shafts 0 1,905
Taxes on facilities and
services:
Telephone and 5,792,246 5,851,530
teletypewriter services
Transportation of persons 6,675,981 7,047,808
by air
Use of international air 1,609,445 1,881,355
travel facilities
Transportation of 483,691 477,826
property by air
Taxes on policies issued by 350,790 373,580
foreign insurers
Taxes related to wagering:
Certain wagers [2] [5] [5]
Occupational taxes [2] [5] [5]
Certain other excise taxes:
Passenger transportation 34,721 36,083
by water
Use tax on heavy vehicles [1,2] [r] 934,073 1,327,257
Environmental taxes:
Domestic petroleum -21 2
(Superfund) (expired
effective January 1, 1996)
Imported petroleum (Superfund) -11 0
(expired effective
January 1, 1996)
Domestic petroleum (Oil -4 0
Spill Liability Trust
Fund) (expired effective
January 1, 1995),
reinstated April 1, 2006
Imported petroleum (Oil -3 0
Spill Liability Trust Fund)
(expired effective
January 1, 1995),
reinstated April 1, 2006 -52 1
Certain chemicals
(Superfund) (expired
effective
January 1, 1996) [2]
Certain imported substances -1 0
(Superfund) (expired
effective January 1,
1996) [2]
Ozone-depleting
chemicals: [2]
Total, excluding floor 1,457 1,766
stocks
Floor stocks 934 506
Imported taxable products 4,352 9,296
containing or manufactured
using ozone-depleting
chemicals [2]
Taxes on Private Foundations:
Net investment income [6] 240,508 384,554
Additional excise taxes [7] 4,498 7,405
Taxes on Black Lung Benefit 0 0
Trusts [2]
Taxes on qualified pension
and other plans:
Failure to meet minimum 3 0
funding standards.
Nondeductible contributions 0 0
Excess contributions to
Individual Retirement
Accounts and others [5] [5]
Prohibited transactions 5 0
Certain excess contributions -18 0
Reversion of qualified plan 0 0
assets to employer
Penalties [2] 0 0
Taxes on undistributed income
of qualified
investment entities:
Real Estate Investment 0 0
Trusts
Regulated Investment 0 0
Companies
Windfall profits tax on 0 0
domestic crude oil
(repealed August 23,
1988) [1]
Miscellaneous IRS taxes [2] 104 0
Unclassified [8] 869,695 -359,285
Excise tax collections or
liabilities reported by the
Customs Service and the
Alcohol and Tobacco Tax
and Trade Bureau
Total excise tax collections 16,973,775 17,941,902
Tax liabilities by type 16,953,918 16,974,462
of excise tax [9]
Distilled spirits:
Domestic 3,220,871 3,315,979
Imported 1,074,631 1,135,410
Wine:
Domestic 547,505 566,816
Imported 220,386 239,976
Beer:
Domestic 3,218,708 3,192,447
Imported 441,713 450,723
Tobacco products: [10]
Domestic [10] 7,440,242 7,408,184
Cigarettes [10] 7,250,838 7,166,885
Cigars [10] 171,461 189,745
Papers/tubes [10] 1,374 3,614
Chewing tobacco and 53,387 54,085
snuff [10]
Pipe/roll-your-own 17,790 20,125
tobacco [10]
Floor stocks 0 10
Imported 470,017 429,077
Firearms and ammunition 214,987 225,817
Special occupations 94,053 10,191
Alcohol and Tobacco Tax 19,857 967,440
and Trade Bureau
and Customs Service
collections less
reported amounts
Total collections less 19,857 967,440
reported amounts
Fiscal Year
2006 2007
Type of excise tax by
agency to which
tax was reported or paid
(6) (7)
Total excise tax collections 76,080,000 71,310,000
Excise tax collections or
liabilities reported
by the Internal Revenue
Service [1]
Total excise tax collections 57,989,543 53,049,612
Retail excise taxes:
Luxury taxes:
Passenger vehicles -465 568
(expired, January
1, 2003)
Boats (repealed, 0 0
January 1, 1993)
Aircraft (repealed, 0 0
January 1, 1993)
Jewelry (repealed, 2 0
January 1, 1993)
Furs (repealed, 0 0
January 1, 1993)
Dyed diesel fuel used in
trains:
Total, excluding floor 61,097 -21,096
stocks
Floor stocks 0 1
Dyed diesel fuel for -3,386 -1,305
certain intercity or
local buses
Dyed diesel -20,205 22,065
Dyed kerosene -601 331
Special motor fuels:
Total, excluding floor -10,764 590
stocks
Floor stocks 0 0
Compressed natural gas 1,216 366
Alcohol fuels [2] -2,053 6,869
Fuels used commercially on 99,125 90,257
inland waterways
Truck, trailer, and
semitrailer chassis
and bodies,
and tractors 3,549,821 2,871,157
Manufacturer's excise taxes:
Gas guzzlers [2] 201,671 178,690
Highway-type tires [2] 44,769 -89,796
Tires other than Biasply 419,773 503,185
or Super Single [3]
Biasply or Super Single 25,717 19,712
tires [3]
Super Single tires for 3,641 750
steering [3]
Aviation gasoline [4] 40,694 44,183
Gasoline except for use
in gasohol:
Total, excluding floor 25,517,830 25,772,347
stocks
Floor stocks 0 0
Diesel fuel, except for
trains and intercity
buses:
Total, excluding floor 9,595,301 9,766,771
stocks [2]
Floor stocks 0 0
Diesel-water fuel emulsion 79 -95
Kerosene for use in aviation 4,028 7,920
Floor stocks 2 0
Other exempt fuels 1,109 1,130
Alternative fuel:
Liquid petroleum gas N/A 13,339
Biodiesel fuel, not N/A 2
used as fuel
P series fuel N/A -81
Compressed natural gas N/A 4,476
Liquefied hydrogen N/A 0
Liquefied fuel derived N/A 0
from coal
Liquefied N/A 10
hydrocarbons--biomass
Liquefied natural gas N/A 2,042
Gasoline for use in
gasohol by alcohol content:
Total, excluding floor
stocks:
5.7 percent under 7.7 -43 11
percent
7.7 percent under 10 0 0
percent
10 percent or more 43,096 0
Floor stocks 0 0
Gasohol by alcohol content:
Total, excluding floor
stocks:
5.7 percent under 7.7 738 -16,521
percent
7.7 percent under 10 15 -2,552
percent
10 percent or more -1,055 -417
Floor stocks 10 0
Aviation-grade kerosene
(except gasoline)
for noncommercial use:
Total, excluding floor -520,516 -103,816
stocks
Aviation-grade kerosene
(except gasoline) 451,933 450,686
for commercial use
(other than foreign
trade)
Floor stocks -319 -3
Kerosene (effective 1,064,457 992,408
July 1, 1998)
Coal:
Mined underground:
At 4.4 percent of 54,235 38,297
sales price
At $1.10 per ton 275,638 299,701
Surface mined:
At 4.4 percent of 136,097 159,641
sales price
At $0.55 per ton 141,911 153,755
Certain vaccines [2] 254,752 336,671
Sport fishing equipment 79,127 84,855
Fishing tackle boxes 1,294 1,342
Electric outboard motors, 2,719 3,104
sonar devices
Fishing rods and poles 17,140 24,384
Bows and arrows 26,541 28,017
Arrow shafts 5,980 8,033
Taxes on facilities and
services:
Telephone and 4,607,881 739,840
teletypewriter services
Transportation of persons 7,696,481 8,017,578
by air
Use of international air 1,977,189 2,229,119
travel facilities
Transportation of 517,011 527,989
property by air
Taxes on policies issued by 403,083 427,637
foreign insurers
Taxes related to wagering:
Certain wagers [2] [5] [5]
Occupational taxes [2] [5] [5]
Certain other excise taxes:
Passenger transportation 36,444 36,841
by water
Use tax on heavy vehicles [1,2] 1,083,888 1,076,306
Environmental taxes:
Domestic petroleum 0 3
(Superfund) (expired
effective January 1, 1996)
Imported petroleum (Superfund) -564 0
(expired effective
January 1, 1996)
Domestic petroleum (Oil 74,670 129,126
Spill Liability Trust
Fund) (expired effective
January 1, 1995),
reinstated April 1, 2006
Imported petroleum (Oil 100,009 210,612
Spill Liability Trust Fund)
(expired effective
January 1, 1995),
reinstated April 1, 2006 725 9
Certain chemicals
(Superfund) (expired
effective
January 1, 1996) [2]
Certain imported substances 0 0
(Superfund) (expired
effective January 1,
1996) [2]
Ozone-depleting
chemicals: [2]
Total, excluding floor 684 1,928
stocks
Floor stocks 166 -238
Imported taxable products 6,914 5,815
containing or manufactured
using ozone-depleting
chemicals [2]
Taxes on Private Foundations:
Net investment income [6] 505,560 650,296
Additional excise taxes [7] 4,209 3,632
Taxes on Black Lung Benefit 0 0
Trusts [2]
Taxes on qualified pension
and other plans:
Failure to meet minimum 0 0
funding standards.
Nondeductible contributions 0 0
Excess contributions to
Individual Retirement
Accounts and others [5] [5]
Prohibited transactions 0 0
Certain excess contributions 0 0
Reversion of qualified plan 0 0
assets to employer
Penalties [2] 0 0
Taxes on undistributed income
of qualified
investment entities:
Real Estate Investment 0 0
Trusts
Regulated Investment 0 0
Companies
Windfall profits tax on 0 0
domestic crude oil
(repealed August 23,
1988) [1]
Miscellaneous IRS taxes [2] 0 0
Unclassified [8] 3,601,836 16,522,228
Excise tax collections or
liabilities reported by the
Customs Service and the
Alcohol and Tobacco Tax
and Trade Bureau
Total excise tax collections 18,090,457 18,260,388
Tax liabilities by type 17,129,530 17,168,136
of excise tax [9]
Distilled spirits:
Domestic 3,394,605 3,444,244
Imported 1,235,347 1,284,421
Wine:
Domestic 574,707 589,377
Imported 258,932 284,837
Beer:
Domestic 3,213,017 3,198,167
Imported 499,993 546,833
Tobacco products: [10]
Domestic [10] 7,350,661 7,194,030
Cigarettes [10] 7,080,229 6,924,510
Cigars [10] 198,219 204,176
Papers/tubes [10] 223 54
Chewing tobacco and 56,313 58,404
snuff [10]
Pipe/roll-your-own 21,687 22,148
tobacco [10]
Floor stocks 638 0
Imported 351,471 336,521
Firearms and ammunition 248,727 287,060
Special occupations 2,796 2,646
Alcohol and Tobacco Tax 960,927 1,093,357
and Trade Bureau
and Customs Service
collections less
reported amounts
Total collections less 960,927 1,093,357
reported amounts
N/A--Not applicable.
[1] Tax "liability" statistics also include "collections" of
the use tax on heavy highway vehicles and of the "crude oil windfall
profit tax." See also the "Notes" below.
[2] Represents aggregates for two or more specific taxes for
which amounts have either been combined or are not available
separately.
[3] As of June 2006, taxable tires have been divided into
three taxable types: taxable tires other than Biasply or Super
Single tires; taxable tires, Biasply, or Super Single tires
(other than Super Single tires designed for steering); and
taxable tires, Super Single tires designed for steering.
[4] This tax is in addition to the regular tax on gasoline.
[5] Data for this and certain other taxes are combined and
included in the totals for excise taxes "unclassified,"
shown below in Table 20. Data for the specific taxes
were not separately tabulated.
[6] Based on information obtained from Forms 990-PF as recorded
by the Tax Exempt/Government Entities Returns Inventory and Control
System (RICS). Excludes data from nonexempt charitable trusts and
foreign private foundations that file Form 990-PF.
[7] Based on information obtained from Forms 4720 as recorded by
the Tax Exempt/Government Entities Returns Inventory and Control
System (RICS). Includes data for initial taxes on self-dealing,
required distributions, excess business holdings, jeopardizing
investments, and taxable expenditures as reported on Forms 4720
filed by organizations, other than nonexempt charitable trusts,
that were also required to file Form 990-PF.
[8] Includes excise taxes collected through the Federal Tax Deposit
(FTD) system, which the Internal Revenue Service had not yet
classified by type of excise tax. Classification is based on
returns filed in the quarter following tax payment. Negative
amounts for "unclassified" taxes result from subsequent
classification of the previously unclassified taxes. See also
the "Notes," below.
[9] Tax "liability" statistics shown for the Customs
Service/Alcohol and Tobacco Tax and Trade Bureau (TTB) include
tax "collections" on imported items for which the Customs
Service is responsible. See also the "Notes," below.
[10] Taxes shown for the different types of domestic tobacco
products are before postfiling tax adjustments. Therefore, the
statistics by type of tax for domestic tobacco products will
not add to the total tax on domestic tobacco products, which is
after these adjustments. For additional information, see the
"Notes," below, under "Statistics on Excise Taxes Administered by
the Alcohol and Tobacco Tax and Trade Bureau (TTB) and the
Customs Service."
NOTES: Grand totals for taxes shown for the Internal Revenue
Service (IRS), the Alcohol and Tobacco Tax and Trade Bureau
(TTB) (formerly the Bureau of Alcohol, Tobacco, and Firearms
[ATF]), and the Customs Service represent tax "collections."
(Fees for the Harbor Maintenance tax treated as excise taxes
under the Internal Revenue Code are also collected by the
Customs Service, but are excluded from Table 20 for consistency
with the excise tax definitions and totals published in the
Federal Budget.) For the grand totals, collections rounded to
millions of dollars are all that are available. In general,
amounts shown are the gross amounts, i.e., before refunds.
However, as explained below, refunds are sometimes claimed as
a credit against the tax reported on the excise tax return of
a subsequent quarter so that, to this extent, the data are
after refunds. "Floor stocks taxes" are shown separately in
Table 20 because they are nonrecurring. They are generally
imposed on holders of inventories on the date a new excise
tax is imposed or a tax rate increased. Total collections
represent tax payments made during the indicated fiscal
year (or quarter), either through: (a) the semimonthly tax
deposits required of most taxpayers with significant excise tax
liabilities using Federal Tax Deposit (FTD) coupons, in the
case of taxes collected by IRS, or Electronic Funds Transfers (EFTs),
in the case of taxes collected by TTB/Customs, or (b) payments
attached to quarterly excise tax returns. Statistics for both the total
for taxes administered by the IRS and the taxes by type of tax
represent tax "collections" (see below). Also, statistics on the types
of tax take into account the normal lag that exists between the time
most taxes are collected (through FTDs, the means by which most excise
taxes are collected) and the recording of tax liabilities by type of
tax as reported on excise tax returns and "certified" by IRS, as
described below. For additional information, see the notes to Table
21, Statistics of Income Bulletin, Fall 1998, Volume 18, Number 2, and
also, "Federal Excise Taxes, Fiscal Years 1994 and 1995," Fall 1996,
Volume 16, Number 2.
a. Statistics on excise taxes administered by the Internal Revenue
Service: Corrections to the IRS data are reflected in the quarter(s)
and year in which the corrections were made, rather than in the data
for the quarter(s) and year in which the original tax liability arose
(unlike the TTB /Customs data). The certified tax is net of refund
credits reported on excise tax returns, not only for this reason, but
for conformity with the Internal Revenue Code. As examples, tax can be
offset for commodities exported that were previously taxed (exports
are usually nontaxable), or for the sale of previously-taxed gasoline
to a State or local government (or, in the case of TTB taxes,
for alcohol used for a nonbeverage purpose). Other taxpayers apply
directly for refunds and, for some of the taxes, are allowed to claim
refunds by means of a credit against income tax. Because such
refundable amounts were not reported on the excise tax return, they
are not reflected in the Table 21 totals. (Other corrections to the
IRS data for certain specific taxes are assumed to be due to
misclassification and have been adjusted for as additions (or
subtractions) to "Unclassified IRS taxes.")
b. Statistics on excise taxes administered by the Alcohol and
Tobacco Tax and Trade Bureau (TTB) and the Customs Service: Excise
taxes on alcoholic beverages and tobacco products are collected by
both Customs Service (on imports) and TTB (on domestic production).
Taxes on firearms and certain occupational taxes are also collected
by TTB. So, TTB statistics represent tax "collections" on domestic
alcohol and tobacco productions, as well as tax "collections" on
firearms and certain occupations. By contrast, the tax statistics
for the detailed types of taxes on domestic tobacco products are
tax "liabilities." The grand totals for TTB and Customs Service
tax "collections," as presented in Table 21, are residual amounts.
They were derived by subtracting total IRS tax collections, which are
available before most refunds, from the grand total of all excise tax
gross collections reported in the Monthly Treasury Statement, rounded
to millions of dollars, as shown at the beginning of Table 21. This
subtraction is not precise because of definitional differences between
IRS and TTB or Customs Service. In Table 21, TTB data have been
rearranged so that tax liabilities are matched with tax collections
in that same quarter. Previously, tax liabilities arising in a given
quarter were not directly related to reported tax collections during
that same quarter. Also, as previously noted, TTB amounts are often
revised slightly as late returns are processed or postfiling
adjustments are made to the tax. As a result, tax reported for prior
periods is updated on a continuing basis, although the
updated prior-year collections data are actually retabulated only
for the one, most recent, prior year. Retabulated postfiling tax
revisions for these earlier years are included for the first time in
Table 21 of the spring 2002 issue of the Bulletin and affect previously
published data for fiscal years, beginning with 1996.
However, as stated in footnote 11, above, postfiling revisions to the
data for the immediately preceding fiscal year are not available for
the detailed types of taxes on domestic tobacco products. Therefore,
because revisions are available and are reflected in the total
presented as the sum of these taxes, adding up the (unrevised) detail
by type of tax will not yield the (revised) total. Detail may not add
to totals because of rounding. All amounts are in current dollars.
Tax law and tax form changes affect the year-to-year comparability of
the data.
SOURCE: U.S. Department of the Treasury, Financial Management
Service, Monthly Treasury Statement of Receipts and Outlays of the
United States Government; Alcohol and Tobacco Tax and Trade Bureau,
Statistical Release: Alcohol, Tobacco and Firearms Tax Collections,
quarterly (this release also includes data for the Customs Service),
and previously unpublished special tabulations; Internal Revenue
Service, Internal Revenue Service Data Book, and its predecessor,
Annual Report, Commissioner and Chief Counsel, Internal Revenue
Service; also Chief Financial Officer, Office of Finance, Revenue
Accounting Division, Office of Revenue Systems, Internal Revenue
Report of Excise Taxes. Also see Francis, Brian D., "Federal Excise
Taxes, Including the Slow Death of Expired Taxes, Statistics of
Income Bulletin, Summer 1999, Volume 19, Number 1. Also see Henry,
Eric, "Excise Taxes and the Airport and Airway Trust Fund, 1970-2002,"
Statistics of Income Bulletin, Winter 2003-2004, Volume 23, Number 3.
For additional information about the process used to match quarterly
excise tax "collections" with excise tax "liabilities" as reported
on quarterly excise tax returns, see the Notes to Table 20 in the
fall 1998 (Volume 18, Number 2) issue of the Statistics of Income
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