Tax Rates by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2016

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/taxrate.xls

For global datasets: http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html

can be obtained by clicking here

on which companies are included in each industry


Industry name Number of firms Average across all companies Average across only money-making companies Aggregate effective tax rate
Advertising 44 3.90% 31.65% 34.32%
Aerospace/Defense 92 13.51% 28.99% 28.64%
Air Transport 20 18.34% 20.97% 3.54%
Apparel 63 13.84% 26.86% 27.07%
Auto & Truck 19 8.01% 28.11% 29.51%
Auto Parts 65 9.64% 26.34% 25.77%
Bank (Money Center) 9 25.82% 26.73% 26.73%
Banks (Regional) 644 24.11% 28.08% 24.59%
Beverage (Alcoholic) 22 11.28% 27.11% 27.41%
Beverage (Soft) 43 5.97% 27.93% 27.65%
Broadcasting 29 21.20% 31.09% 38.13%
Brokerage & Investment Banking 42 18.15% 27.82% 27.78%
Building Materials 39 22.43% 33.87% 35.84%
Business & Consumer Services 159 13.76% 34.87% 43.35%
Cable TV 19 17.19% 36.31% 36.59%
Chemical (Basic) 42 8.24% 32.81% NA
Chemical (Diversified) 9 18.35% 28.37% 28.15%
Chemical (Specialty) 104 8.45% 22.05% 22.06%
Coal & Related Energy 38 0.95% 0.98% NA
Computer Services 118 12.84% 23.22% 22.74%
Computers/Peripherals 64 5.48% 24.14% 23.56%
Construction Supplies 52 17.00% 29.00% 31.65%
Diversified 26 15.20% 36.94% 37.60%
Drugs (Biotechnology) 411 1.80% 20.38% 29.01%
Drugs (Pharmaceutical) 157 3.90% 25.23% 26.43%
Education 40 12.05% 40.49% 63.99%
Electrical Equipment 120 6.58% 32.04% 40.85%
Electronics (Consumer & Office) 25 9.71% 25.78% 27.96%
Electronics (General) 167 9.47% 21.45% 18.64%
Engineering/Construction 51 11.63% 31.49% 68.95%
Entertainment 84 3.25% 26.78% 28.20%
Environmental & Waste Services 97 7.49% 29.35% 32.87%
Farming/Agriculture 37 9.28% 30.15% 30.77%
Financial Svcs. (Non-bank & Insurance) 272 18.75% 33.12% 29.39%
Food Processing 89 14.09% 23.29% 24.60%
Food Wholesalers 14 15.85% 33.86% 34.15%
Furn/Home Furnishings 30 15.53% 22.85% 22.10%
Green & Renewable Energy 28 0.77% 8.41% NA
Healthcare Products 254 6.42% 21.67% 24.69%
Healthcare Support Services 127 13.84% 40.82% 41.32%
Heathcare Information and Technology 126 6.96% 16.58% 14.88%
Homebuilding 34 21.79% 32.72% 14.83%
Hospitals/Healthcare Facilities 58 10.41% 23.90% 23.25%
Hotel/Gaming 73 11.34% 15.62% 12.05%
Household Products 134 8.86% 33.12% 34.44%
Information Services 70 16.46% 28.08% 28.47%
Insurance (General) 20 21.73% 27.69% 27.24%
Insurance (Life) 25 20.29% 28.48% 28.75%
Insurance (Prop/Cas.) 53 21.85% 28.71% 28.29%
Investments & Asset Management 145 7.90% 21.14% 22.32%
Machinery 130 15.24% 29.00% 30.51%
Metals & Mining 114 1.42% 36.67% NA
Office Equipment & Services 24 19.14% 34.13% 29.91%
Oil/Gas (Integrated) 7 8.14% 28.01% 31.67%
Oil/Gas (Production and Exploration) 351 2.91% 31.79% NA
Oil/Gas Distribution 79 5.60% 9.01% 11.12%
Oilfield Svcs/Equip. 143 9.56% 29.92% 35.78%
Packaging & Container 25 21.41% 30.47% 30.51%
Paper/Forest Products 20 15.88% 29.50% 42.57%
Power 73 23.38% 31.59% 30.91%
Precious Metals 113 1.60% 47.23% NA
Publshing & Newspapers 39 13.67% 18.22% 27.20%
R.E.I.T. 221 2.17% 2.93% 1.76%
Real Estate (Development) 21 1.06% 17.35% NA
Real Estate (General/Diversified) 12 9.64% 23.33% 25.84%
Real Estate (Operations & Services) 55 11.19% 31.99% 30.21%
Recreation 65 11.33% 29.77% 38.46%
Reinsurance 3 20.37% 30.77% 32.48%
Restaurant/Dining 83 18.54% 31.17% 31.56%
Retail (Automotive) 26 21.18% 36.49% 36.68%
Retail (Building Supply) 5 23.18% 36.58% 36.60%
Retail (Distributors) 83 16.42% 35.07% 34.80%
Retail (General) 19 24.75% 33.50% 34.17%
Retail (Grocery and Food) 17 23.56% 35.64% 36.01%
Retail (Online) 39 11.14% 28.72% 29.05%
Retail (Special Lines) 124 19.95% 34.75% 30.95%
Rubber& Tires 4 9.60% 7.38% NA
Semiconductor 87 9.51% 19.27% 19.62%
Semiconductor Equip 46 11.25% 15.51% 18.43%
Shipbuilding & Marine 11 11.82% 11.40% 16.22%
Shoe 11 18.12% 20.82% 20.96%
Software (Entertainment) 17 1.56% 13.74% 16.66%
Software (Internet) 308 3.80% 22.21% 25.81%
Software (System & Application) 241 6.34% 28.15% 31.60%
Steel 36 11.49% 29.08% NA
Telecom (Wireless) 19 9.38% 26.60% NA
Telecom. Equipment 121 8.86% 20.51% 21.03%
Telecom. Services 65 11.89% 31.11% 30.74%
Tobacco 20 11.64% 35.58% 36.16%
Transportation 21 18.82% 34.68% 36.05%
Transportation (Railroads) 12 15.11% 36.80% 36.84%
Trucking 26 31.25% 36.05% 36.08%
Unclassified 3 0.00% 0.00% NA
Utility (General) 20 26.58% 30.97% 30.23%
Utility (Water) 18 14.60% 32.36% 34.20%
Total Market 7480 10.95% 27.68% 29.12%

 


Updated January 2016
By Aswath Damodaran