| $ Taxes | Effective Tax Rates | Cash Tax Rates | ||||||||
| Industry name | Number of firms | Total Taxable Income | Total Taxes Paid (Accrual) | Total Cash Taxes Paid | Cash Taxes/Accrual Taxes | Average across all companies | Average across only money-making companies | Aggregate tax rate | Average across only money-making companies2 | Aggregate tax rate3 |
| Advertising | 49 | $ 3,385.66 | $ 805.74 | 768.943 | 95.43% | 5.76% | 23.80% | 43.18% | 22.71% | 37.93% |
| Aerospace/Defense | 73 | $ 27,763.11 | $ 4,649.29 | 5921.009 | 127.35% | 6.83% | 16.75% | 25.33% | 21.33% | 35.78% |
| Air Transport | 21 | $ 479.80 | $ 101.83 | 344.981 | 338.78% | 5.32% | 21.22% | NA | 71.90% | NA |
| Apparel | 39 | $ 6,256.96 | $ 1,246.86 | 984.974 | 79.00% | 12.06% | 19.93% | 18.61% | 15.74% | 15.94% |
| Auto & Truck | 26 | $ 22,913.90 | $ 3,907.70 | 1579.002 | 40.41% | 3.88% | 17.05% | 22.34% | 6.89% | 9.26% |
| Auto Parts | 38 | $ 5,026.46 | $ 1,218.78 | 1250.417 | 102.60% | 13.62% | 24.25% | 45.16% | 24.88% | 42.88% |
| Bank (Money Center) | 7 | $ 155,517.60 | $ 23,952.71 | 28815 | 120.30% | 14.69% | 15.40% | 15.40% | 18.53% | 18.53% |
| Banks (Regional) | 563 | $ 88,971.72 | $ 18,722.12 | 14438.07 | 77.12% | 19.29% | 21.04% | 21.04% | 16.23% | 16.23% |
| Beverage (Alcoholic) | 21 | $ 2,473.86 | $ 668.44 | 643.882 | 96.33% | 7.93% | 27.02% | 40.42% | 26.03% | 28.68% |
| Beverage (Soft) | 32 | $ 26,999.65 | $ 6,299.13 | 4380.279 | 69.54% | 4.53% | 23.33% | 23.48% | 16.22% | 16.30% |
| Broadcasting | 28 | $ 11,336.10 | $ 2,241.76 | 2358.222 | 105.20% | 11.54% | 19.78% | 20.10% | 20.80% | 21.64% |
| Brokerage & Investment Banking | 31 | $ 66,951.67 | $ 14,252.03 | 14231.167 | 99.85% | 14.76% | 21.29% | 22.41% | 21.26% | 22.37% |
| Building Materials | 44 | $ 14,343.67 | $ 3,572.43 | 3408.486 | 95.41% | 17.03% | 24.91% | 25.50% | 23.76% | 24.37% |
| Business & Consumer Services | 160 | $ 16,663.30 | $ 4,138.68 | 3583.981 | 86.60% | 10.17% | 24.84% | 30.28% | 21.51% | 27.12% |
| Cable TV | 11 | $ 32,125.20 | $ 7,926.90 | 3688.303 | 46.53% | 18.08% | 24.68% | 25.15% | 11.48% | 11.50% |
| Chemical (Basic) | 35 | $ 19,981.03 | $ 4,154.43 | 1096.348 | 26.39% | 10.02% | 20.79% | 21.37% | 5.49% | 5.64% |
| Chemical (Diversified) | 4 | $ 1,415.00 | $ 154.00 | 235 | 152.60% | 3.90% | 10.88% | 10.93% | 16.61% | 16.89% |
| Chemical (Specialty) | 81 | $ 24,159.40 | $ 3,861.16 | 4845.846 | 125.50% | 10.12% | 15.98% | 15.66% | 20.06% | 20.98% |
| Coal & Related Energy | 18 | $ 147.20 | $ 4.88 | 1.48 | 30.33% | 0.74% | 3.32% | NA | 1.01% | NA |
| Computer Services | 83 | $ 15,774.22 | $ 3,484.73 | 5238.227 | 150.32% | 8.19% | 22.09% | 29.48% | 33.21% | 40.31% |
| Computers/Peripherals | 46 | $ 133,023.22 | $ 17,619.62 | 29652.698 | 168.29% | 4.96% | 13.25% | 13.29% | 22.29% | 22.38% |
| Construction Supplies | 48 | $ 17,366.91 | $ 3,642.71 | 3010.899 | 82.66% | 13.00% | 20.98% | 22.65% | 17.34% | 19.00% |
| Diversified | 22 | $ 126,897.70 | $ 24,566.60 | 10625.411 | 43.25% | 7.24% | 19.36% | 19.20% | 8.37% | 8.37% |
| Drugs (Biotechnology) | 581 | $ 46,697.45 | $ 5,316.12 | 7911.044 | 148.81% | 0.53% | 11.38% | 397.99% | 16.94% | 865.46% |
| Drugs (Pharmaceutical) | 298 | $ 66,753.24 | $ 7,694.94 | 17061.508 | 221.72% | 2.18% | 11.53% | 18.87% | 25.56% | 34.24% |
| Education | 35 | $ 1,464.21 | $ 340.25 | 405.751 | 119.25% | 7.64% | 23.24% | 108.22% | 27.71% | 70.34% |
| Electrical Equipment | 104 | $ 10,807.44 | $ 2,057.26 | 2197.22 | 106.80% | 4.98% | 19.04% | 28.75% | 20.33% | 31.39% |
| Electronics (Consumer & Office) | 16 | $ 342.68 | $ 40.37 | 42.126 | 104.34% | 4.87% | 11.78% | NA | 12.29% | 15.36% |
| Electronics (General) | 137 | $ 12,285.36 | $ 2,196.30 | 1932.79 | 88.00% | 6.66% | 17.88% | 19.58% | 15.73% | 18.10% |
| Engineering/Construction | 48 | $ 3,792.46 | $ 890.51 | 1049.52 | 117.86% | 13.53% | 23.48% | 29.15% | 27.67% | 33.09% |
| Entertainment | 108 | $ 14,269.26 | $ 1,789.93 | 3534.357 | 197.46% | 2.64% | 12.54% | 19.06% | 24.77% | 45.74% |
| Environmental & Waste Services | 58 | $ 5,262.91 | $ 1,148.28 | 1083.078 | 94.32% | 5.90% | 21.82% | 22.76% | 20.58% | 22.28% |
| Farming/Agriculture | 36 | $ 16,189.58 | $ 3,113.11 | 3002.291 | 96.44% | 7.65% | 19.23% | 19.54% | 18.54% | 18.97% |
| Financial Svcs. (Non-bank & Insurance) | 223 | $ 150,735.62 | $ 29,099.74 | 25345.055 | 87.10% | 15.60% | 19.31% | 18.80% | 16.81% | 17.42% |
| Food Processing | 92 | $ 28,969.86 | $ 6,753.92 | 5880.453 | 87.07% | 10.54% | 23.31% | 23.61% | 20.30% | 20.66% |
| Food Wholesalers | 15 | $ 1,480.40 | $ 259.44 | 200.47 | 77.27% | 8.60% | 17.52% | 16.65% | 13.54% | 14.40% |
| Furn/Home Furnishings | 32 | $ 6,218.61 | $ 1,244.40 | 1022.152 | 82.14% | 11.74% | 20.01% | 21.66% | 16.44% | 17.91% |
| Green & Renewable Energy | 20 | $ 109.72 | $ 31.10 | 125.146 | 402.40% | 1.43% | 28.34% | NA | 114.06% | NA |
| Healthcare Products | 244 | $ 30,116.94 | $ 4,263.11 | 5302.125 | 124.37% | 4.15% | 14.16% | 5.47% | 17.61% | 21.04% |
| Healthcare Support Services | 131 | $ 69,974.75 | $ 15,724.82 | 17494.18 | 111.25% | 7.72% | 22.47% | 24.45% | 25.00% | 28.97% |
| Heathcare Information and Technology | 142 | $ 37,029.98 | $ 6,334.68 | 5827.087 | 91.99% | 3.57% | 17.11% | 19.29% | 15.74% | 18.49% |
| Homebuilding | 29 | $ 23,735.89 | $ 5,269.70 | 3317.2 | 62.95% | 18.63% | 22.20% | 20.44% | 13.98% | 13.98% |
| Hospitals/Healthcare Facilities | 31 | $ 15,784.86 | $ 3,304.96 | 2314.045 | 70.02% | 8.99% | 20.94% | 21.29% | 14.66% | 14.94% |
| Hotel/Gaming | 66 | $ 4,917.03 | $ 1,285.07 | 1746.114 | 135.88% | 6.02% | 26.14% | NA | 35.51% | NA |
| Household Products | 118 | $ 33,060.58 | $ 6,432.56 | 7482.272 | 116.32% | 5.87% | 19.46% | 20.92% | 22.63% | 23.67% |
| Information Services | 79 | $ 46,455.32 | $ 9,059.68 | 9099.288 | 100.44% | 11.22% | 19.50% | 21.06% | 19.59% | 21.13% |
| Insurance (General) | 23 | $ 18,512.68 | $ 3,185.66 | 3161.632 | 99.25% | 11.43% | 17.21% | 17.60% | 17.08% | 17.49% |
| Insurance (Life) | 24 | $ 30,103.02 | $ 5,558.13 | 3046.493 | 54.81% | 14.28% | 18.46% | 18.90% | 10.12% | 11.14% |
| Insurance (Prop/Cas.) | 52 | $ 39,802.07 | $ 7,961.37 | 5870.668 | 73.74% | 13.37% | 20.00% | 20.58% | 14.75% | 15.42% |
| Investments & Asset Management | 687 | $ 79,239.95 | $ 11,630.60 | 6903.676 | 59.36% | 1.42% | 14.68% | 15.40% | 8.71% | 9.20% |
| Machinery | 111 | $ 23,471.26 | $ 4,480.11 | 4892.362 | 109.20% | 10.58% | 19.09% | 19.65% | 20.84% | 21.56% |
| Metals & Mining | 74 | $ 14,003.40 | $ 4,758.96 | 1448.65 | 30.44% | 2.07% | 33.98% | 35.91% | 10.34% | 11.24% |
| Office Equipment & Services | 18 | $ 532.91 | $ 98.33 | 198.606 | 201.98% | 8.96% | 18.45% | 13.66% | 37.27% | 38.39% |
| Oil/Gas (Integrated) | 4 | $ 13,947.00 | $ 3,916.00 | 7563 | 193.13% | 19.34% | 28.08% | 42.41% | 54.23% | 110.93% |
| Oil/Gas (Production and Exploration) | 183 | $ 29,082.99 | $ 5,295.95 | 2003.917 | 37.84% | 2.04% | 18.21% | 29.68% | 6.89% | 24.16% |
| Oil/Gas Distribution | 21 | $ 8,877.91 | $ 1,800.80 | 172.58 | 9.58% | 9.76% | 20.28% | NA | 1.94% | 2.81% |
| Oilfield Svcs/Equip. | 100 | $ 6,872.13 | $ 1,816.81 | 4382.578 | 241.22% | 3.89% | 26.44% | 65.92% | 63.77% | 262.70% |
| Packaging & Container | 26 | $ 11,182.51 | $ 2,596.67 | 2235.83 | 86.10% | 17.09% | 23.22% | 22.61% | 19.99% | 20.52% |
| Paper/Forest Products | 11 | $ 2,387.90 | $ 531.98 | 358.83 | 67.45% | 12.01% | 22.28% | 21.57% | 15.03% | 16.38% |
| Power | 50 | $ 35,934.29 | $ 6,654.61 | 1345.495 | 20.22% | 15.61% | 18.52% | 18.10% | 3.74% | 4.10% |
| Precious Metals | 76 | $ 3,428.99 | $ 1,247.90 | 554.805 | 44.46% | 3.11% | 36.39% | 38.50% | 16.18% | 17.29% |
| Publishing & Newspapers | 21 | $ 1,754.98 | $ 371.22 | 403.914 | 108.81% | 11.64% | 21.15% | 25.96% | 23.02% | 27.42% |
| R.E.I.T. | 238 | $ 50,129.52 | $ 2,402.72 | 1702.272 | 70.85% | 1.94% | 4.79% | 4.60% | 3.40% | 4.06% |
| Real Estate (Development) | 19 | $ 186.23 | $ 39.73 | 5.44 | 13.69% | 2.60% | 21.33% | NA | 2.92% | NA |
| Real Estate (General/Diversified) | 10 | $ 236.24 | $ 48.76 | 24.23 | 49.70% | 9.94% | 20.64% | 18.90% | 10.26% | 11.68% |
| Real Estate (Operations & Services) | 51 | $ 5,405.95 | $ 1,238.79 | 699.664 | 56.48% | 6.54% | 22.92% | NA | 12.94% | NA |
| Recreation | 60 | $ 5,815.10 | $ 1,148.89 | 958.248 | 83.41% | 7.75% | 19.76% | 19.91% | 16.48% | 29.77% |
| Reinsurance | 2 | $ 1,735.90 | $ 394.50 | 497 | 125.98% | 22.96% | 22.73% | 22.73% | 28.63% | 28.63% |
| Restaurant/Dining | 70 | $ 20,195.45 | $ 3,245.19 | 3086.029 | 95.10% | 7.11% | 16.07% | 16.33% | 15.28% | 15.75% |
| Retail (Automotive) | 32 | $ 15,705.18 | $ 3,603.22 | 2752.668 | 76.39% | 14.20% | 22.94% | 24.33% | 17.53% | 18.59% |
| Retail (Building Supply) | 16 | $ 35,055.20 | $ 8,359.44 | 8935.9 | 106.90% | 15.50% | 23.85% | 23.57% | 25.49% | 25.77% |
| Retail (Distributors) | 68 | $ 13,223.34 | $ 3,140.80 | 2549.597 | 81.18% | 11.70% | 23.75% | 24.78% | 19.28% | 20.20% |
| Retail (General) | 16 | $ 38,156.20 | $ 10,616.20 | 10322.978 | 97.24% | 18.45% | 27.82% | 27.68% | 27.05% | 27.10% |
| Retail (Grocery and Food) | 15 | $ 3,517.90 | $ 724.92 | 1247.136 | 172.04% | 13.31% | 20.61% | 21.44% | 35.45% | 37.03% |
| Retail (Online) | 60 | $ 36,255.50 | $ 5,619.41 | 4634.965 | 82.48% | 4.76% | 15.50% | 15.77% | 12.78% | 13.79% |
| Retail (Special Lines) | 76 | $ 26,825.65 | $ 6,375.47 | 4873.073 | 76.43% | 14.67% | 23.77% | 24.13% | 18.17% | 19.06% |
| Rubber& Tires | 2 | $ 445.27 | $ 155.00 | 45 | 29.03% | 17.42% | 34.81% | 34.81% | 10.11% | 10.11% |
| Semiconductor | 67 | $ 78,087.85 | $ 6,824.54 | 7140.803 | 104.63% | 6.80% | 8.74% | 7.59% | 9.14% | 9.39% |
| Semiconductor Equip | 34 | $ 18,030.76 | $ 1,895.00 | 2145.41 | 113.21% | 9.19% | 10.51% | 10.10% | 11.90% | 12.01% |
| Shipbuilding & Marine | 8 | $ 999.70 | $ 195.11 | 164 | 84.06% | 3.19% | 19.52% | 19.10% | 16.40% | 23.69% |
| Shoe | 12 | $ 9,010.47 | $ 1,183.87 | 326.462 | 27.58% | 9.86% | 13.14% | 10.95% | 3.62% | 3.69% |
| Software (Entertainment) | 88 | $ 135,414.61 | $ 22,155.88 | 14206.339 | 64.12% | 2.21% | 16.36% | 16.11% | 10.49% | 10.70% |
| Software (Internet) | 36 | $ 1,703.94 | $ 205.48 | 398.994 | 194.17% | 1.29% | 12.06% | NA | 23.42% | NA |
| Software (System & Application) | 375 | $ 109,333.32 | $ 11,398.08 | 20564.005 | 180.42% | 3.36% | 10.43% | 9.00% | 18.81% | 22.40% |
| Steel | 28 | $ 18,951.40 | $ 3,325.58 | 1184.818 | 35.63% | 13.30% | 17.55% | 18.69% | 6.25% | 6.76% |
| Telecom (Wireless) | 17 | $ 4,336.40 | $ 668.00 | 270.498 | 40.49% | 3.26% | 15.40% | 17.23% | 6.24% | 6.75% |
| Telecom. Equipment | 82 | $ 19,478.52 | $ 3,613.91 | 4807.223 | 133.02% | 5.29% | 18.55% | 16.75% | 24.68% | 26.07% |
| Telecom. Services | 42 | $ 39,744.95 | $ 9,524.49 | 4222.663 | 44.33% | 5.86% | 23.96% | 25.65% | 10.62% | 10.84% |
| Tobacco | 16 | $ 16,885.03 | $ 4,142.80 | 5502.98 | 132.83% | 8.23% | 24.54% | 24.84% | 32.59% | 32.98% |
| Transportation | 17 | $ 18,716.58 | $ 4,367.25 | 2800.897 | 64.13% | 14.40% | 23.33% | 23.29% | 14.96% | 14.97% |
| Transportation (Railroads) | 4 | $ 16,543.00 | $ 3,828.00 | 2855 | 74.58% | 17.34% | 23.14% | 23.14% | 17.26% | 17.26% |
| Trucking | 34 | $ 9,111.36 | $ 2,185.35 | 1430.227 | 65.45% | 16.04% | 23.98% | 44.50% | 15.70% | 34.96% |
| Utility (General) | 16 | $ 12,026.40 | $ 1,455.50 | 940.133 | 64.59% | 9.75% | 12.10% | 4.72% | 7.82% | 9.64% |
| Utility (Water) | 14 | $ 1,746.81 | $ 218.81 | 53.498 | 24.45% | 10.01% | 12.53% | 12.15% | 3.06% | 3.15% |
| Total Market | 7229 | $ 2,528,571.20 | $ 451,048.52 | 420369.083 | 93.20% | 7.05% | 17.84% | 19.00% | 16.62% | 18.86% |
| Total Market (without financials) | 5619 | $ 1,898,736.88 | $ 336,686.16 | 318557.322 | 94.62% | 6.01% | 17.73% | 19.26% | 16.78% | 19.70% |