| $ 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 | 40 | $2,949.58 | $896.45 | 872.267 | 97.30% | 6.38% | 30.39% | 33.12% | 29.57% | 31.17% |
| Aerospace/Defense | 87 | $40,258.80 | $11,735.59 | 11016.305 | 93.87% | 11.59% | 29.15% | 29.56% | 27.36% | 27.77% |
| Air Transport | 17 | $18,777.74 | $6,975.92 | 1218.764 | 17.47% | 24.57% | 37.15% | 37.16% | 6.49% | 6.56% |
| Apparel | 51 | $4,350.10 | $808.45 | 1225.692 | 151.61% | 10.35% | 18.58% | 25.24% | 28.18% | 44.37% |
| Auto & Truck | 18 | $17,463.10 | $4,840.00 | 2109.7 | 43.59% | 8.15% | 27.72% | 31.05% | 12.08% | 13.39% |
| Auto Parts | 62 | $5,085.17 | $1,022.65 | 1487.962 | 145.50% | 7.71% | 20.11% | 12.10% | 29.26% | 30.17% |
| Bank (Money Center) | 11 | $126,346.57 | $35,823.93 | 15670.78 | 43.74% | 27.31% | 28.35% | 28.35% | 12.40% | 12.40% |
| Banks (Regional) | 612 | $55,946.29 | $16,396.06 | 10420.257 | 63.55% | 25.57% | 29.31% | 29.54% | 18.63% | 18.81% |
| Beverage (Alcoholic) | 28 | $7,026.88 | $2,109.17 | 537.705 | 25.49% | 10.12% | 30.02% | 30.04% | 7.65% | 7.66% |
| Beverage (Soft) | 35 | $17,970.40 | $4,707.17 | 3679.711 | 78.17% | 6.41% | 26.19% | 26.55% | 20.48% | 20.62% |
| Broadcasting | 27 | $7,230.48 | $2,066.67 | 2036.626 | 98.55% | 17.18% | 28.58% | 33.53% | 28.17% | 35.24% |
| Brokerage & Investment Banking | 42 | $31,049.28 | $8,861.70 | 4837.478 | 54.59% | 14.56% | 28.54% | 28.42% | 15.58% | 15.64% |
| Building Materials | 39 | $5,240.74 | $1,573.90 | 1173.385 | 74.55% | 23.34% | 30.03% | 26.30% | 22.39% | 22.64% |
| Business & Consumer Services | 169 | $9,063.04 | $2,806.11 | 2445.784 | 87.16% | 11.09% | 30.96% | 33.10% | 26.99% | 29.28% |
| Cable TV | 14 | $21,939.90 | $7,363.88 | 4801.62 | 65.21% | 22.23% | 33.56% | 33.08% | 21.89% | 23.58% |
| Chemical (Basic) | 38 | $2,607.73 | $614.30 | 252.904 | 41.17% | 9.76% | 23.56% | 15.16% | 9.70% | 9.96% |
| Chemical (Diversified) | 7 | $6,043.00 | $1,345.00 | 1762 | 131.00% | 11.66% | 22.26% | 22.18% | 29.16% | 29.54% |
| Chemical (Specialty) | 99 | $13,602.57 | $3,110.47 | 3813.584 | 122.60% | 9.64% | 22.87% | 23.09% | 28.04% | 30.49% |
| Coal & Related Energy | 30 | $2,339.85 | $113.12 | 14.849 | 13.13% | 4.94% | 4.83% | NA | 0.63% | 0.85% |
| Computer Services | 111 | $20,783.70 | $2,981.75 | 4279.8 | 143.53% | 9.40% | 14.35% | 14.82% | 20.59% | 21.04% |
| Computers/Peripherals | 58 | $71,450.62 | $17,154.73 | 13541.975 | 78.94% | 5.03% | 24.01% | 23.91% | 18.95% | 19.17% |
| Construction Supplies | 49 | $10,322.28 | $3,181.38 | 2604.773 | 81.88% | 17.36% | 30.82% | 27.74% | 25.23% | 27.58% |
| Diversified | 24 | $50,439.85 | $12,130.40 | 15346.5 | 126.51% | 12.09% | 24.05% | 21.93% | 30.43% | 30.44% |
| Drugs (Biotechnology) | 459 | $46,429.33 | $9,594.34 | 9801.761 | 102.16% | 1.36% | 20.66% | 36.45% | 21.11% | 40.16% |
| Drugs (Pharmaceutical) | 185 | $45,695.91 | $8,867.09 | 10490.809 | 118.31% | 2.11% | 19.40% | 21.69% | 22.96% | 25.94% |
| Education | 34 | $920.34 | $246.18 | 401.945 | 163.28% | 8.24% | 26.75% | 45.20% | 43.67% | 82.20% |
| Electrical Equipment | 118 | $6,591.95 | $1,832.47 | 2536.724 | 138.43% | 5.06% | 27.80% | 37.86% | 38.48% | 50.16% |
| Electronics (Consumer & Office) | 24 | $47.92 | $15.47 | 31.059 | 200.80% | 5.98% | 32.28% | NA | 64.81% | NA |
| Electronics (General) | 167 | $9,749.65 | $2,533.46 | 1892.981 | 74.72% | 8.34% | 25.99% | 28.86% | 19.42% | 21.31% |
| Engineering/Construction | 49 | $4,128.72 | $1,261.54 | 1263.256 | 100.14% | 13.37% | 30.56% | 35.38% | 30.60% | 33.18% |
| Entertainment | 90 | $27,460.82 | $8,022.43 | 6744.852 | 84.07% | 5.45% | 29.21% | 29.01% | 24.56% | 25.40% |
| Environmental & Waste Services | 87 | $4,179.61 | $1,492.46 | 1200.478 | 80.44% | 4.45% | 35.71% | 40.39% | 28.72% | 32.86% |
| Farming/Agriculture | 34 | $7,141.11 | $1,977.03 | 2031 | 102.73% | 7.69% | 27.69% | 28.27% | 28.44% | 28.88% |
| Financial Svcs. (Non-bank & Insurance) | 264 | $82,555.98 | $27,330.65 | 16737.457 | 61.24% | 19.89% | 33.11% | 33.18% | 20.27% | 20.64% |
| Food Processing | 87 | $24,199.91 | $6,915.89 | 6682.681 | 96.63% | 15.13% | 28.58% | 29.04% | 27.61% | 28.07% |
| Food Wholesalers | 15 | $2,576.28 | $868.60 | 932.34 | 107.34% | 11.91% | 33.72% | 34.09% | 36.19% | 38.21% |
| Furn/Home Furnishings | 31 | $3,469.69 | $809.24 | 893.661 | 110.43% | 12.56% | 23.32% | 23.24% | 25.76% | 25.80% |
| Green & Renewable Energy | 22 | $178.93 | $32.34 | 19.901 | 61.54% | 2.41% | 18.07% | NA | 11.12% | NA |
| Healthcare Products | 251 | $18,235.94 | $2,887.81 | 5131.318 | 177.69% | 4.79% | 15.84% | 17.88% | 28.14% | 33.85% |
| Healthcare Support Services | 115 | $49,164.18 | $15,693.52 | 15649.07 | 99.72% | 13.69% | 31.92% | 32.24% | 31.83% | 32.26% |
| Heathcare Information and Technology | 112 | $8,221.07 | $1,442.59 | 1572.621 | 109.01% | 5.96% | 17.55% | 19.52% | 19.13% | 22.87% |
| Homebuilding | 32 | $8,984.61 | $3,020.58 | 2095.625 | 69.38% | 23.86% | 33.62% | 37.00% | 23.32% | 23.46% |
| Hospitals/Healthcare Facilities | 35 | $7,120.64 | $2,211.65 | 2032.983 | 91.92% | 10.57% | 31.06% | 50.10% | 28.55% | 48.54% |
| Hotel/Gaming | 70 | $15,425.09 | $3,131.79 | 2278.05 | 72.74% | 14.01% | 20.30% | 19.58% | 14.77% | 18.90% |
| Household Products | 131 | $26,823.35 | $6,832.39 | 7258.652 | 106.24% | 7.35% | 25.47% | 25.20% | 27.06% | 28.30% |
| Information Services | 61 | $33,823.74 | $11,011.41 | 9052.205 | 82.21% | 15.90% | 32.56% | 33.72% | 26.76% | 28.29% |
| Insurance (General) | 21 | $7,228.82 | $1,519.35 | 2352.108 | 154.81% | 14.71% | 21.02% | 4.81% | 32.54% | 54.46% |
| Insurance (Life) | 25 | $18,808.40 | $4,974.32 | 3653.895 | 73.46% | 15.32% | 26.45% | 17.84% | 19.43% | 29.48% |
| Insurance (Prop/Cas.) | 50 | $16,207.65 | $4,585.26 | 3599.417 | 78.50% | 18.50% | 28.29% | 37.22% | 22.21% | 24.24% |
| Investments & Asset Management | 165 | $29,451.24 | $7,130.03 | 6042.468 | 84.75% | 8.30% | 24.21% | 24.28% | 20.52% | 20.79% |
| Machinery | 126 | $16,134.93 | $4,221.12 | 3840.092 | 90.97% | 14.05% | 26.16% | 26.47% | 23.80% | 24.55% |
| Metals & Mining | 102 | $5,153.58 | $2,180.20 | 880.143 | 40.37% | 1.66% | 42.30% | 46.08% | 17.08% | 18.51% |
| Office Equipment & Services | 24 | $1,213.72 | $420.72 | 447.2 | 106.29% | 18.37% | 34.66% | 44.31% | 36.85% | 48.01% |
| Oil/Gas (Integrated) | 5 | $25,187.00 | $4,589.00 | 8422 | 183.53% | 10.96% | 18.22% | 18.22% | 33.44% | 33.44% |
| Oil/Gas (Production and Exploration) | 311 | $20,708.50 | $1,068.82 | 1728.474 | 161.72% | 2.18% | 5.16% | NA | 8.35% | NA |
| Oil/Gas Distribution | 16 | $4,735.81 | $1,220.80 | 10.494 | 0.86% | 4.84% | 25.78% | 23.29% | 0.22% | 0.27% |
| Oilfield Svcs/Equip. | 130 | $13,783.27 | $4,052.70 | 2969.556 | 73.27% | 5.27% | 29.40% | 47.00% | 21.54% | 40.50% |
| Packaging & Container | 25 | $7,607.90 | $2,088.83 | 1761.38 | 84.32% | 22.37% | 27.46% | 27.47% | 23.15% | 23.16% |
| Paper/Forest Products | 21 | $1,054.21 | $240.95 | 178.229 | 73.97% | 14.18% | 22.86% | 23.28% | 16.91% | 25.27% |
| Power | 61 | $61,346.90 | $10,533.95 | 3102.982 | 29.46% | 20.31% | 17.17% | 9.86% | 5.06% | 6.19% |
| Precious Metals | 111 | $521.53 | $185.76 | 215.538 | 116.03% | 2.16% | 35.62% | 144.26% | 41.33% | 65.53% |
| Publishing & Newspapers | 41 | $1,535.51 | $474.28 | 641.338 | 135.22% | 11.92% | 30.89% | 267.57% | 41.77% | 264.25% |
| R.E.I.T. | 244 | $42,640.08 | $952.91 | 1382.711 | 145.10% | 1.96% | 2.23% | NA | 3.24% | 3.38% |
| Real Estate (Development) | 20 | $265.61 | $95.44 | 17.511 | 18.35% | 5.80% | 35.93% | 32.75% | 6.59% | 7.47% |
| Real Estate (General/Diversified) | 10 | $212.52 | $56.14 | 33.413 | 59.52% | 12.77% | 26.41% | 39.04% | 15.72% | 25.44% |
| Real Estate (Operations & Services) | 60 | $2,811.01 | $794.37 | 580.534 | 73.08% | 8.82% | 28.26% | 30.49% | 20.65% | 22.27% |
| Recreation | 70 | $3,043.55 | $1,450.59 | 616.063 | 42.47% | 10.16% | 47.66% | 58.64% | 20.24% | 29.43% |
| Reinsurance | 3 | $1,358.20 | $387.40 | 101.6 | 26.23% | 10.92% | 28.52% | 23.14% | 7.48% | 7.95% |
| Restaurant/Dining | 81 | $18,878.36 | $5,875.58 | 5367.5 | 91.35% | 14.99% | 31.12% | 32.36% | 28.43% | 29.56% |
| Retail (Automotive) | 25 | $7,977.00 | $2,725.90 | 2339.347 | 85.82% | 19.04% | 34.17% | 34.49% | 29.33% | 30.52% |
| Retail (Building Supply) | 8 | $19,213.00 | $6,972.00 | 6529.359 | 93.65% | 15.36% | 36.29% | 36.59% | 33.98% | 34.27% |
| Retail (Distributors) | 92 | $8,453.54 | $2,892.75 | 2278.066 | 78.75% | 14.20% | 34.22% | 35.28% | 26.95% | 28.17% |
| Retail (General) | 18 | $32,921.50 | $10,793.10 | 9595.61 | 88.91% | 22.96% | 32.78% | 33.84% | 29.15% | 31.00% |
| Retail (Grocery and Food) | 14 | $3,016.26 | $1,018.06 | 472.178 | 46.38% | 21.04% | 33.75% | 33.13% | 15.65% | 15.93% |
| Retail (Online) | 61 | $11,599.45 | $2,703.81 | 2006.044 | 74.19% | 7.57% | 23.31% | 17.83% | 17.29% | 19.62% |
| Retail (Special Lines) | 106 | $33,033.53 | $10,884.61 | 11131.025 | 102.26% | 22.01% | 32.95% | 34.47% | 33.70% | 36.75% |
| Rubber& Tires | 4 | $1,225.10 | $96.50 | 284 | 294.30% | 7.91% | 7.88% | NA | 23.18% | 23.48% |
| Semiconductor | 72 | $44,026.10 | $8,319.75 | 6120.43 | 73.57% | 8.04% | 18.90% | 20.14% | 13.90% | 14.48% |
| Semiconductor Equip | 45 | $9,643.00 | $1,125.26 | 617.728 | 54.90% | 8.51% | 11.67% | 11.00% | 6.41% | 6.55% |
| Shipbuilding & Marine | 9 | $326.96 | $119.20 | 22.937 | 19.24% | 8.31% | 36.46% | 378.18% | 7.02% | 74.64% |
| Shoe | 11 | $5,088.98 | $707.42 | 183.789 | 25.98% | 16.75% | 13.90% | 13.83% | 3.61% | 3.61% |
| Software (Entertainment) | 13 | $2,800.19 | $390.00 | 182.37 | 46.76% | 2.21% | 13.93% | 14.09% | 6.51% | 6.54% |
| Software (Internet) | 305 | $50,408.25 | $7,976.75 | 5040.041 | 63.18% | 2.50% | 15.82% | 4.66% | 10.00% | 11.02% |
| Software (System & Application) | 255 | $46,728.21 | $6,726.57 | 7095.827 | 105.49% | 3.98% | 14.40% | 16.95% | 15.19% | 18.13% |
| Steel | 37 | $4,473.20 | $1,170.92 | 923.326 | 78.85% | 7.05% | 26.18% | 24.70% | 20.64% | 22.08% |
| Telecom (Wireless) | 18 | $3,120.70 | $1,491.00 | 149.773 | 10.05% | 7.95% | 47.78% | 65.97% | 4.80% | 6.58% |
| Telecom. Equipment | 104 | $18,495.58 | $3,989.90 | 3737.003 | 93.66% | 8.12% | 21.57% | 15.61% | 20.20% | 21.22% |
| Telecom. Services | 66 | $45,274.51 | $15,031.12 | 12468.152 | 82.95% | 8.05% | 33.20% | 34.00% | 27.54% | 29.05% |
| Tobacco | 24 | $33,684.81 | $10,601.50 | 7601.123 | 71.70% | 5.25% | 31.47% | 31.57% | 22.57% | 22.59% |
| Transportation | 18 | $11,668.52 | $3,884.55 | 3445.328 | 88.69% | 21.92% | 33.29% | 33.62% | 29.53% | 29.69% |
| Transportation (Railroads) | 8 | $14,243.40 | $5,344.90 | 3471.2 | 64.94% | 23.82% | 37.53% | 37.53% | 24.37% | 24.38% |
| Trucking | 30 | $3,215.39 | $1,156.10 | 732.663 | 63.37% | 20.56% | 35.96% | 44.09% | 22.79% | 31.98% |
| Utility (General) | 18 | $16,212.00 | $5,045.34 | 489.661 | 9.71% | 30.89% | 31.12% | 31.12% | 3.02% | 3.02% |
| Utility (Water) | 23 | $1,545.23 | $507.74 | 65.898 | 12.98% | 15.09% | 32.86% | 34.43% | 4.26% | 4.47% |
| Total Market | 7247 | $1,709,695.13 | $437,422.96 | 346809.374 | 79.28% | 10.04% | 25.58% | 26.06% | 20.28% | 22.26% |
| Total Market (without financials) | 6057 | $1,342,100.89 | $330,801.67 | 283495.514 | 85.70% | 7.92% | 24.65% | 25.19% | 21.12% | 23.55% |