| $ 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 | 61 | $ 2,165.31 | $ 464.97 | 587.487 | 126.35% | 3.35% | 21.47% | 63.89% | 27.13% | 107.26% |
| Aerospace/Defense | 72 | $ 23,354.79 | $ 5,750.36 | 5710.275 | 99.30% | 7.37% | 24.62% | 12.16% | 24.45% | 42.75% |
| Air Transport | 17 | $ 256.80 | $ 227.93 | 409.686 | 179.74% | 6.00% | 88.76% | NA | 159.54% | NA |
| Apparel | 51 | $ 1,140.50 | $ 358.23 | 1141.309 | 318.60% | 4.75% | 31.41% | NA | 100.07% | NA |
| Auto & Truck | 19 | $ 6,116.10 | $ 1,741.90 | 1576.68 | 90.51% | 7.86% | 28.48% | 29.50% | 25.78% | 26.71% |
| Auto Parts | 52 | $ 2,174.01 | $ 709.71 | 917.289 | 129.25% | 7.35% | 32.65% | NA | 42.19% | NA |
| Bank (Money Center) | 7 | $ 73,171.65 | $ 10,275.89 | 23234.11 | 226.10% | 16.16% | 14.04% | 10.72% | 31.75% | 31.75% |
| Banks (Regional) | 598 | $ 50,891.06 | $ 9,644.67 | 11638.721 | 120.68% | 16.42% | 18.95% | 21.01% | 22.87% | 25.83% |
| Beverage (Alcoholic) | 23 | $ 3,087.30 | $ 566.72 | 349.886 | 61.74% | 5.33% | 18.36% | 7.38% | 11.33% | 11.42% |
| Beverage (Soft) | 41 | $ 22,384.19 | $ 4,163.60 | 4998.335 | 120.05% | 3.32% | 18.60% | 18.84% | 22.33% | 22.60% |
| Broadcasting | 29 | $ 8,005.87 | $ 1,854.22 | 1629.579 | 87.88% | 9.26% | 23.16% | 62.46% | 20.35% | 138.26% |
| Brokerage & Investment Banking | 39 | $ 32,062.38 | $ 7,110.30 | 6241.973 | 87.79% | 9.75% | 22.18% | 22.18% | 19.47% | 19.51% |
| Building Materials | 42 | $ 7,074.70 | $ 1,857.80 | 2036.875 | 109.64% | 15.15% | 26.26% | 33.73% | 28.79% | 34.71% |
| Business & Consumer Services | 169 | $ 8,911.04 | $ 2,124.38 | 2378.591 | 111.97% | 7.43% | 23.84% | 35.97% | 26.69% | 48.40% |
| Cable TV | 13 | $ 22,490.70 | $ 5,021.61 | 3368.605 | 67.08% | 18.97% | 22.33% | 22.33% | 14.98% | 14.98% |
| Chemical (Basic) | 48 | $ 2,685.57 | $ 244.85 | 1628.056 | 664.93% | 2.98% | 9.12% | NA | 60.62% | NA |
| Chemical (Diversified) | 5 | $ 561.00 | $ 32.00 | 542 | 1693.75% | 1.25% | 5.70% | NA | 96.61% | 317.20% |
| Chemical (Specialty) | 97 | $ 14,001.23 | $ 2,543.87 | 3842.442 | 151.05% | 6.43% | 18.17% | 25.48% | 27.44% | 48.44% |
| Coal & Related Energy | 29 | $ 79.40 | $ - | 40.11 | #DIV/0! | 0.00% | 0.00% | NA | 50.52% | NA |
| Computer Services | 116 | $ 15,782.55 | $ 2,041.49 | 4683.681 | 229.42% | 5.55% | 12.94% | 11.87% | 29.68% | 45.02% |
| Computers/Peripherals | 52 | $ 74,297.75 | $ 10,530.51 | 12614.656 | 119.79% | 3.71% | 14.17% | 13.68% | 16.98% | 17.50% |
| Construction Supplies | 46 | $ 12,587.47 | $ 2,893.46 | 4728.382 | 163.42% | 10.79% | 22.99% | 22.28% | 37.56% | 42.27% |
| Diversified | 29 | $ 68,454.80 | $ 14,210.97 | 8965.28 | 63.09% | 6.52% | 20.76% | 21.62% | 13.10% | 13.73% |
| Drugs (Biotechnology) | 547 | $ 34,554.30 | $ 4,129.62 | 7957.789 | 192.70% | 0.52% | 11.95% | 261.12% | 23.03% | 811.57% |
| Drugs (Pharmaceutical) | 287 | $ 57,857.30 | $ 9,429.69 | 15979.631 | 169.46% | 1.88% | 16.30% | 18.19% | 27.62% | 32.96% |
| Education | 38 | $ 1,322.42 | $ 220.24 | 293.576 | 133.30% | 4.02% | 16.65% | NA | 22.20% | 57.32% |
| Electrical Equipment | 122 | $ 7,646.99 | $ 1,316.25 | 1472.891 | 111.90% | 4.44% | 17.21% | 21.65% | 19.26% | 24.15% |
| Electronics (Consumer & Office) | 22 | $ 85.90 | $ 9.69 | 10.616 | 109.56% | 1.05% | 11.28% | NA | 12.36% | NA |
| Electronics (General) | 157 | $ 6,483.84 | $ 1,287.01 | 1941.507 | 150.85% | 6.11% | 19.85% | 19.53% | 29.94% | 40.93% |
| Engineering/Construction | 61 | $ 3,514.86 | $ 769.58 | 806.894 | 104.85% | 9.31% | 21.89% | 35.54% | 22.96% | 48.22% |
| Entertainment | 118 | $ 7,664.58 | $ 515.92 | 1950.344 | 378.03% | 0.53% | 6.73% | NA | 25.45% | NA |
| Environmental & Waste Services | 86 | $ 4,229.22 | $ 874.47 | 811.068 | 92.75% | 2.69% | 20.68% | 27.23% | 19.18% | 29.10% |
| Farming/Agriculture | 32 | $ 8,065.30 | $ 1,763.76 | 1877.431 | 106.44% | 6.45% | 21.87% | 22.26% | 23.28% | 23.79% |
| Financial Svcs. (Non-bank & Insurance) | 235 | $ 69,267.98 | $ 13,308.28 | 14411.577 | 108.29% | 12.91% | 19.21% | 18.26% | 20.81% | 21.17% |
| Food Processing | 101 | $ 20,661.94 | $ 5,169.64 | 5167.222 | 99.95% | 8.56% | 25.02% | 25.63% | 25.01% | 26.15% |
| Food Wholesalers | 18 | $ 184.40 | $ 7.14 | 380.719 | 5332.20% | 0.52% | 3.87% | NA | 206.46% | NA |
| Furn/Home Furnishings | 40 | $ 2,835.30 | $ 536.34 | 787 | 146.74% | 4.79% | 18.92% | 16.28% | 27.76% | 31.05% |
| Green & Renewable Energy | 25 | $ 164.52 | $ 70.80 | 43.708 | 61.73% | 1.74% | 43.03% | NA | 26.57% | NA |
| Healthcare Products | 265 | $ 20,409.56 | $ 2,784.18 | 5200.213 | 186.78% | 2.57% | 13.64% | NA | 25.48% | 33.00% |
| Healthcare Support Services | 129 | $ 67,134.02 | $ 16,148.21 | 13501.109 | 83.61% | 5.65% | 24.05% | 23.95% | 20.11% | 23.13% |
| Heathcare Information and Technology | 139 | $ 17,528.60 | $ 2,879.50 | 2787.107 | 96.79% | 4.16% | 16.43% | 18.34% | 15.90% | 20.32% |
| Homebuilding | 30 | $ 13,419.67 | $ 2,724.78 | 1685.851 | 61.87% | 15.91% | 20.30% | 20.17% | 12.56% | 12.62% |
| Hospitals/Healthcare Facilities | 32 | $ 7,648.09 | $ 1,553.74 | 1499.156 | 96.49% | 8.16% | 20.32% | 19.65% | 19.60% | 21.02% |
| Hotel/Gaming | 66 | $ 2,058.60 | $ 480.49 | 1281.072 | 266.62% | 2.02% | 23.34% | NA | 62.23% | NA |
| Household Products | 140 | $ 29,221.23 | $ 5,913.47 | 6618.117 | 111.92% | 5.06% | 20.24% | 16.81% | 22.65% | 25.70% |
| Information Services | 77 | $ 37,475.70 | $ 7,624.95 | 8933.226 | 117.16% | 9.75% | 20.35% | 21.75% | 23.84% | 25.59% |
| Insurance (General) | 21 | $ 8,498.43 | $ 1,640.14 | 2238.297 | 136.47% | 12.61% | 19.30% | 36.79% | 26.34% | 87.87% |
| Insurance (Life) | 26 | $ 18,192.03 | $ 2,365.61 | 3598.357 | 152.11% | 15.12% | 13.00% | 7.23% | 19.78% | 21.58% |
| Insurance (Prop/Cas.) | 55 | $ 23,206.35 | $ 4,515.89 | 4463.793 | 98.85% | 10.86% | 19.46% | 21.56% | 19.24% | 23.78% |
| Investments & Asset Management | 348 | $ 31,567.05 | $ 5,846.98 | 6034.232 | 103.20% | 4.64% | 18.52% | 19.58% | 19.12% | 20.16% |
| Machinery | 125 | $ 14,889.69 | $ 3,131.46 | 4250.514 | 135.74% | 8.81% | 21.03% | 22.91% | 28.55% | 30.53% |
| Metals & Mining | 86 | $ 3,261.80 | $ 1,695.61 | 2220.849 | 130.98% | 1.70% | 51.98% | 66.15% | 68.09% | 80.25% |
| Office Equipment & Services | 22 | $ 589.09 | $ 141.38 | 229.608 | 162.40% | 13.20% | 24.00% | 46.58% | 38.98% | 69.87% |
| Oil/Gas (Integrated) | 3 | $ 4,144.00 | $ 1,062.00 | 8879 | 836.06% | 8.54% | 25.63% | NA | 214.26% | NA |
| Oil/Gas (Production and Exploration) | 278 | $ 1,292.69 | $ 369.64 | 2619.435 | 708.64% | 0.68% | 28.59% | NA | 202.63% | NA |
| Oil/Gas Distribution | 57 | $ 15,388.87 | $ 1,345.01 | 651.934 | 48.47% | 4.55% | 8.74% | 10.03% | 4.24% | 23.06% |
| Oilfield Svcs/Equip. | 135 | $ 5,221.19 | $ 227.95 | 3335.501 | 1463.27% | 1.19% | 4.37% | NA | 63.88% | NA |
| Packaging & Container | 26 | $ 6,764.70 | $ 1,717.06 | 1816.97 | 105.82% | 15.67% | 25.38% | 30.08% | 26.86% | 29.94% |
| Paper/Forest Products | 15 | $ 460.06 | $ 97.01 | 73.036 | 75.29% | 5.94% | 21.09% | NA | 15.88% | 38.25% |
| Power | 55 | $ 29,869.16 | $ 3,292.34 | 1346.059 | 40.88% | 9.91% | 11.02% | NA | 4.51% | 5.91% |
| Precious Metals | 93 | $ 3,330.94 | $ 603.97 | 513.624 | 85.04% | 1.08% | 18.13% | 22.90% | 15.42% | 19.18% |
| Publishing & Newspapers | 29 | $ 431.91 | $ 102.77 | 326.661 | 317.87% | 5.76% | 23.79% | NA | 75.63% | NA |
| R.E.I.T. | 238 | $ 31,821.40 | $ 787.33 | 833.799 | 105.90% | 1.26% | 2.47% | 3.84% | 2.62% | 6.65% |
| Real Estate (Development) | 25 | $ 90.20 | $ 24.64 | -2.6 | -10.55% | 2.84% | 27.32% | 69.40% | -2.88% | NA |
| Real Estate (General/Diversified) | 11 | $ 150.00 | $ 27.75 | 14.041 | 50.60% | 7.34% | 18.50% | 17.35% | 9.36% | 15.08% |
| Real Estate (Operations & Services) | 61 | $ 2,112.43 | $ 221.55 | 426.844 | 192.66% | 4.38% | 10.49% | 14.89% | 20.21% | 33.58% |
| Recreation | 69 | $ 1,776.49 | $ 400.74 | 438.275 | 109.37% | 5.78% | 22.56% | NA | 24.67% | NA |
| Reinsurance | 2 | $ 692.00 | $ 174.00 | 140.9 | 80.98% | 12.57% | 25.14% | 26.04% | 20.36% | 20.56% |
| Restaurant/Dining | 79 | $ 9,948.74 | $ 1,859.43 | 3875.87 | 208.44% | 3.19% | 18.69% | 16.35% | 38.96% | 52.36% |
| Retail (Automotive) | 30 | $ 9,321.40 | $ 2,160.89 | 1719.75 | 79.59% | 11.65% | 23.18% | 25.43% | 18.45% | 20.14% |
| Retail (Building Supply) | 15 | $ 24,939.51 | $ 5,969.54 | 5216.12 | 87.38% | 13.48% | 23.94% | 24.12% | 20.92% | 21.89% |
| Retail (Distributors) | 85 | $ 7,816.58 | $ 1,955.75 | 2155.792 | 110.23% | 12.21% | 25.02% | 28.71% | 27.58% | 33.18% |
| Retail (General) | 17 | $ 43,691.20 | $ 10,669.50 | 6850.5 | 64.21% | 12.48% | 24.42% | 24.98% | 15.68% | 19.04% |
| Retail (Grocery and Food) | 14 | $ 6,493.90 | $ 1,521.82 | 1016.36 | 66.79% | 13.52% | 23.43% | 23.15% | 15.65% | 15.66% |
| Retail (Online) | 75 | $ 26,989.40 | $ 4,353.27 | 2676.493 | 61.48% | 2.93% | 16.13% | 17.87% | 9.92% | 11.86% |
| Retail (Special Lines) | 85 | $ 8,836.34 | $ 2,169.56 | 3950.68 | 182.10% | 8.06% | 24.55% | 162.12% | 44.71% | 457.45% |
| Rubber& Tires | 3 | $ 189.27 | $ 30.10 | 152.2 | 505.65% | 5.30% | 15.90% | NA | 80.42% | NA |
| Semiconductor | 70 | $ 53,072.19 | $ 5,714.38 | 5982.174 | 104.69% | 6.41% | 10.77% | 8.97% | 11.27% | 11.46% |
| Semiconductor Equip | 40 | $ 11,182.32 | $ 1,434.97 | 1344.793 | 93.72% | 7.38% | 12.83% | 12.19% | 12.03% | 12.29% |
| Shipbuilding & Marine | 11 | $ 170.55 | $ 41.60 | 7.653 | 18.40% | 2.30% | 24.39% | NA | 4.49% | NA |
| Shoe | 11 | $ 4,020.70 | $ 540.30 | 174.416 | 32.28% | 6.63% | 13.44% | 13.26% | 4.34% | 4.37% |
| Software (Entertainment) | 101 | $ 70,091.40 | $ 8,421.79 | 14152.76 | 168.05% | 0.58% | 12.02% | 13.91% | 20.19% | 21.79% |
| Software (Internet) | 36 | $ 1,458.08 | $ 87.07 | 203.215 | 233.40% | 3.30% | 5.97% | NA | 13.94% | NA |
| Software (System & Application) | 388 | $ 88,491.86 | $ 12,508.55 | 20608.707 | 164.76% | 2.77% | 14.14% | 11.25% | 23.29% | 26.84% |
| Steel | 32 | $ 3,121.09 | $ 765.57 | 834.146 | 108.96% | 6.01% | 24.53% | NA | 26.73% | NA |
| Telecom (Wireless) | 16 | $ 4,281.20 | $ 969.50 | 272.167 | 28.07% | 3.57% | 22.65% | 22.94% | 6.36% | 6.63% |
| Telecom. Equipment | 96 | $ 16,824.61 | $ 3,012.01 | 3577.347 | 118.77% | 3.85% | 17.90% | 21.56% | 21.26% | 26.41% |
| Telecom. Services | 58 | $ 39,243.06 | $ 6,556.53 | 5018.081 | 76.54% | 3.93% | 16.71% | 17.00% | 12.79% | 13.47% |
| Tobacco | 15 | $ 13,951.32 | $ 4,836.38 | 4511.3 | 93.28% | 8.69% | 34.67% | 35.62% | 32.34% | 32.59% |
| Transportation | 21 | $ 10,805.20 | $ 2,416.68 | 1439.561 | 59.57% | 10.56% | 22.37% | 22.86% | 13.32% | 13.73% |
| Transportation (Railroads) | 6 | $ 13,964.80 | $ 3,228.10 | 2321.5 | 71.92% | 15.58% | 23.12% | 23.12% | 16.62% | 16.62% |
| Trucking | 35 | $ 3,551.39 | $ 769.77 | 684.185 | 88.88% | 9.70% | 21.68% | NA | 19.27% | NA |
| Utility (General) | 16 | $ 14,406.20 | $ 1,688.00 | 1879.5 | 111.34% | 9.74% | 11.72% | 8.67% | 13.05% | 15.07% |
| Utility (Water) | 17 | $ 1,473.65 | $ 276.29 | 60.302 | 21.83% | 10.79% | 18.75% | 18.79% | 4.09% | 4.23% |
| Total Market | 7582 | $ 1,563,256.88 | $ 277,635.33 | 333796.533 | 120.23% | 5.76% | 17.76% | 20.43% | 21.35% | 32.73% |
| Total Market (without financials) | 6253 | $ 1,256,399.94 | $ 222,927.58 | 261935.473 | 117.50% | 4.39% | 17.74% | 21.74% | 20.85% | 35.70% |