Tax
Rates by Sector
Data Used: Value Line database, of 6177 firms
Date of Analysis: Data used is as of January 2013
can be obtained by clicking here
on
which companies are included in each industry
Tax
Rates by SectorData Used: Value Line database, of 6177 firms
Date of Analysis: Data used is as of January 2013
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 | 16.02% | 32.82% | 34.68% |
| Aerospace/Defense | 20.08% | 30.74% | 30.24% |
| Air Transport | 21.35% | 31.82% | 27.12% |
| Apparel | 18.57% | 33.28% | 28.94% |
| Auto Parts | 18.77% | 30.29% | 25.12% |
| Automotive | 16.24% | 17.11% | 18.14% |
| Bank | 16.39% | 24.92% | 25.65% |
| Bank (Midwest) | 20.99% | 24.78% | 27.77% |
| Beverage | 18.82% | 32.52% | 30.14% |
| Biotechnology | 2.98% | 20.48% | 13.56% |
| Building Materials | 9.48% | 26.15% | 33.61% |
| Cable TV | 21.23% | 37.23% | 39.83% |
| Chemical (Basic) | 21.89% | 25.68% | 23.53% |
| Chemical (Diversified) | 19.75% | 26.32% | 26.98% |
| Chemical (Specialty) | 15.35% | 26.64% | 26.81% |
| Coal | 11.27% | 17.27% | 22.58% |
| Computer Software | 12.43% | 25.35% | 21.80% |
| Computers/Peripherals | 10.01% | 23.26% | 23.32% |
| Diversified Co. | 17.18% | 28.09% | 28.67% |
| Drug | 5.14% | 18.67% | 22.51% |
| E-Commerce | 10.52% | 27.19% | 25.60% |
| Educational Services | 21.72% | 32.70% | 37.25% |
| Electric Util. (Central) | 30.12% | 32.00% | 31.09% |
| Electric Utility (East) | 33.49% | 33.57% | 33.76% |
| Electric Utility (West) | 29.09% | 30.05% | 29.53% |
| Electrical Equipment | 16.15% | 25.00% | 24.66% |
| Electronics | 11.31% | 22.26% | 24.26% |
| Engineering & Const | 25.00% | 38.23% | 37.96% |
| Entertainment | 12.56% | 27.43% | 36.32% |
| Entertainment Tech | 11.01% | 20.67% | 10.19% |
| Environmental | 7.60% | 26.91% | 34.32% |
| Financial Svcs. (Div.) | 16.23% | 31.17% | 27.63% |
| Food Processing | 21.63% | 32.51% | 26.75% |
| Foreign Electronics | 23.12% | 37.69% | 38.96% |
| Funeral Services | 28.66% | 32.15% | 30.56% |
| Furn/Home Furnishings | 16.69% | 25.84% | 26.24% |
| Healthcare Information | 20.31% | 38.51% | 36.81% |
| Heavy Truck & Equip | 22.74% | 23.97% | 24.06% |
| Homebuilding | 7.12% | 35.07% | 22.02% |
| Hotel/Gaming | 17.52% | 31.30% | 24.18% |
| Household Products | 24.66% | 30.67% | 28.03% |
| Human Resources | 26.61% | 37.10% | 41.07% |
| Industrial Services | 20.19% | 37.37% | 34.94% |
| Information Services | 18.33% | 27.31% | 23.67% |
| Insurance (Life) | 21.09% | 28.84% | 30.04% |
| Insurance (Prop/Cas.) | 10.73% | 20.89% | 17.79% |
| Internet | 8.43% | 29.30% | 24.38% |
| Investment Companies | 2.26% | 20.06% | 18.71% |
| IT Services | 16.27% | 23.93% | 27.82% |
| Machinery | 22.73% | 28.47% | 27.61% |
| Maritime | 7.92% | 17.65% | 20.31% |
| Med Supp Invasive | 12.60% | 29.81% | 21.99% |
| Med Supp Non-Invasive | 10.61% | 27.13% | 24.07% |
| Medical Services | 17.72% | 34.76% | 37.10% |
| Metal Fabricating | 23.30% | 34.47% | 35.16% |
| Metals & Mining (Div.) | 11.24% | 32.14% | 30.83% |
| Natural Gas (Div.) | 22.02% | 28.85% | 41.27% |
| Natural Gas Utility | 28.80% | 36.69% | 37.41% |
| Newspaper | 18.35% | 27.30% | 23.10% |
| Office Equip/Supplies | 22.66% | 31.59% | 26.94% |
| Oil/Gas Distribution | 18.11% | 25.78% | 32.66% |
| Oilfield Svcs/Equip. | 18.20% | 25.81% | 27.14% |
| Packaging & Container | 23.09% | 27.51% | 29.40% |
| Paper/Forest Products | 11.43% | 17.71% | 8.97% |
| Petroleum (Integrated) | 30.34% | 35.29% | 41.32% |
| Petroleum (Producing) | 11.71% | 24.60% | 38.03% |
| Pharmacy Services | 23.18% | 31.87% | 37.28% |
| Pipeline MLPs | 4.30% | 11.79% | 7.79% |
| Power | 6.19% | 33.64% | 50.97% |
| Precious Metals | 11.13% | 30.29% | 33.16% |
| Precision Instrument | 14.13% | 24.56% | 15.63% |
| Property Management | 16.50% | 34.40% | 16.83% |
| Public/Private Equity | 19.17% | 23.29% | 15.78% |
| Publishing | 22.69% | 39.57% | 42.46% |
| R.E.I.T. | 0.04% | 6.75% | 4.57% |
| Railroad | 28.60% | 31.78% | 34.20% |
| Recreation | 20.31% | 30.40% | 17.71% |
| Reinsurance | 3.58% | 14.88% | 26.39% |
| Restaurant | 19.23% | 27.82% | 30.55% |
| Retail (Hardlines) | 22.55% | 32.79% | 30.07% |
| Retail (Softlines) | 25.57% | 34.66% | 36.17% |
| Retail Automotive | 32.69% | 34.57% | 35.23% |
| Retail Building Supply | 25.56% | 39.97% | 36.92% |
| Retail Store | 24.83% | 35.25% | 37.37% |
| Retail/Wholesale Food | 31.18% | 34.37% | 35.25% |
| Securities Brokerage | 30.41% | 44.89% | 34.53% |
| Semiconductor | 11.71% | 21.72% | 21.82% |
| Semiconductor Equip | 15.21% | 15.91% | 12.97% |
| Shoe | 19.89% | 31.23% | 26.75% |
| Steel | 24.24% | 33.30% | 27.57% |
| Telecom. Equipment | 14.01% | 28.32% | 18.01% |
| Telecom. Services | 16.22% | 30.64% | 31.25% |
| Telecom. Utility | 26.94% | 38.10% | 31.95% |
| Thrift | 15.84% | 27.52% | 33.13% |
| Tobacco | 32.82% | 37.16% | 34.20% |
| Toiletries/Cosmetics | 27.33% | 31.90% | 31.32% |
| Trucking | 25.94% | 36.73% | 37.02% |
| Water Utility | 31.45% | 34.63% | 28.76% |
| Wireless Networking | 10.06% | 28.11% | 20.69% |
| Total Market | 14.93% | 28.37% | 30.05% |