Tax
Rates by Sector
Data Used: Value Line database, of 5891 firms
Date of Analysis: Data used is as of January 2012
can be obtained by clicking here
on
which companies are included in each industry
Tax
Rates by SectorData Used: Value Line database, of 5891 firms
Date of Analysis: Data used is as of January 2012
can be obtained by clicking here
on
which companies are included in each industry
| Industry Name | Average across all companies | Average across only profitable companies | Aggregate effective tax rate |
| Advertising | 10.73% | 32.19% | 36.80% |
| Aerospace/Defense | 20.72% | 29.85% | 28.29% |
| Air Transport | 20.54% | 29.21% | 25.27% |
| Apparel | 16.08% | 28.19% | 29.86% |
| Auto Parts | 18.99% | 28.08% | 24.12% |
| Automotive | 24.07% | 29.69% | 23.65% |
| Bank | 15.97% | 25.27% | 27.28% |
| Bank (Midwest) | 17.77% | 22.84% | 24.09% |
| Beverage | 19.14% | 29.36% | 29.24% |
| Biotechnology | 2.49% | 19.91% | 16.62% |
| Building Materials | 11.17% | 27.57% | 29.46% |
| Cable TV | 27.35% | 37.85% | 38.43% |
| Chemical (Basic) | 20.90% | 24.10% | 22.57% |
| Chemical (Diversified) | 21.73% | 26.81% | 28.80% |
| Chemical (Specialty) | 17.58% | 29.31% | 28.03% |
| Coal | 12.75% | 22.98% | 27.15% |
| Computer Software | 12.27% | 24.45% | 21.20% |
| Computers/Peripherals | 11.77% | 22.61% | 23.74% |
| Diversified Co. | 15.55% | 23.86% | 18.62% |
| Drug | 5.36% | 19.84% | 20.94% |
| E-Commerce | 12.33% | 22.27% | 22.39% |
| Educational Services | 25.17% | 37.59% | 36.98% |
| Electric Util. (Central) | 31.82% | 32.01% | 34.93% |
| Electric Utility (East) | 33.14% | 33.55% | 34.41% |
| Electric Utility (West) | 31.30% | 31.80% | 31.36% |
| Electrical Equipment | 17.02% | 26.26% | 20.91% |
| Electronics | 10.36% | 19.13% | 24.13% |
| Engineering & Const | 26.26% | 34.72% | 34.96% |
| Entertainment | 15.38% | 36.76% | 35.35% |
| Entertainment Tech | 11.59% | 24.11% | -10.03% |
| Environmental | 11.71% | 33.35% | 37.50% |
| Financial Svcs. (Div.) | 19.18% | 35.17% | 33.42% |
| Food Processing | 20.00% | 27.31% | 29.93% |
| Foreign Electronics | 35.12% | 47.32% | 46.97% |
| Funeral Services | 30.84% | 37.46% | 38.86% |
| Furn/Home Furnishings | 20.43% | 27.80% | 27.49% |
| Healthcare Information | 22.19% | 32.53% | 35.70% |
| Heavy Truck & Equip | 20.62% | 25.16% | 26.50% |
| Homebuilding | 5.12% | 18.96% | 17.48% |
| Hotel/Gaming | 14.53% | 30.40% | 28.92% |
| Household Products | 25.12% | 26.64% | 26.12% |
| Human Resources | 25.35% | 38.22% | 37.61% |
| Industrial Services | 19.03% | 33.61% | 35.32% |
| Information Services | 18.93% | 26.97% | 23.86% |
| Insurance (Life) | 28.04% | 35.47% | 32.61% |
| Insurance (Prop/Cas.) | 19.36% | 22.99% | 25.75% |
| Internet | 6.87% | 21.88% | 17.16% |
| IT Services | 19.15% | 31.15% | 29.87% |
| Machinery | 22.15% | 29.53% | 28.45% |
| Maritime | 5.55% | 7.70% | 7.06% |
| Med Supp Invasive | 11.86% | 25.70% | 21.78% |
| Med Supp Non-Invasive | 12.73% | 29.85% | 24.86% |
| Medical Services | 19.93% | 40.37% | 37.51% |
| Metal Fabricating | 26.55% | 30.56% | 36.08% |
| Metals & Mining (Div.) | 11.04% | 33.36% | 35.09% |
| Natural Gas (Div.) | 21.98% | 26.99% | 37.23% |
| Natural Gas Utility | 30.16% | 32.54% | 36.20% |
| Newspaper | 25.13% | 37.76% | 28.76% |
| Office Equip/Supplies | 21.05% | 34.84% | 30.96% |
| Oil/Gas Distribution | 13.70% | 22.49% | 19.93% |
| Oilfield Svcs/Equip. | 17.39% | 30.53% | 26.41% |
| Packaging & Container | 24.23% | 31.07% | 30.82% |
| Paper/Forest Products | 10.61% | 15.25% | 7.70% |
| Petroleum (Integrated) | 27.41% | 34.82% | 40.33% |
| Petroleum (Producing) | 11.14% | 26.11% | 27.13% |
| Pharmacy Services | 24.67% | 33.29% | 37.53% |
| Pipeline MLPs | 6.37% | 23.74% | 7.66% |
| Power | 8.66% | 30.80% | 36.53% |
| Precious Metals | 7.51% | 26.72% | 33.71% |
| Precision Instrument | 13.94% | 23.47% | 15.69% |
| Property Management | 18.59% | 38.69% | 21.43% |
| Public/Private Equity | 3.79% | 4.57% | 3.73% |
| Publishing | 18.55% | 34.19% | 12.40% |
| R.E.I.T. | 1.04% | 6.50% | 4.86% |
| Railroad | 23.74% | 35.25% | 34.65% |
| Recreation | 17.37% | 25.74% | 16.40% |
| Reinsurance | 7.22% | 7.53% | 7.41% |
| Restaurant | 21.57% | 29.27% | 29.75% |
| Retail (Hardlines) | 23.04% | 33.82% | 35.50% |
| Retail (Softlines) | 24.64% | 37.06% | 36.86% |
| Retail Automotive | 34.43% | 36.27% | 35.40% |
| Retail Building Supply | 31.39% | 38.58% | 37.09% |
| Retail Store | 25.02% | 31.27% | 36.25% |
| Retail/Wholesale Food | 31.21% | 36.68% | 37.41% |
| Securities Brokerage | 26.22% | 44.22% | 30.72% |
| Semiconductor | 11.01% | 18.55% | 19.32% |
| Semiconductor Equip | 15.17% | 13.16% | 15.41% |
| Shoe | 24.31% | 33.01% | 27.08% |
| Steel | 21.03% | 29.90% | 3.06% |
| Telecom. Equipment | 13.16% | 26.26% | 20.06% |
| Telecom. Services | 14.22% | 29.08% | 33.81% |
| Telecom. Utility | 29.42% | 40.93% | 28.14% |
| Thrift | 12.43% | 28.02% | 35.55% |
| Tobacco | 31.03% | 38.52% | 28.11% |
| Toiletries/Cosmetics | 20.30% | 29.36% | 33.92% |
| Trucking | 25.48% | 38.78% | 37.30% |
| Utility (Foreign) | 26.07% | 55.26% | 66.68% |
| Water Utility | 35.22% | 35.24% | 31.78% |
| Wireless Networking | 12.12% | 27.49% | 25.78% |
| Total Market | 15.48% | 28.21% | 29.36% |