$ 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%