Sole Proprietorship Returns, 2002
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Sole Proprietorship Returns, 2002
by Kevin Pierce and Michael Parisi
N
6
onfarm sole proprietorship profits increased
1.7 percent for Tax Year 2002 to $221.1
billion. While a majority of the principal sole
proprietorship industrial sectors reported increased
profits, a few sectors reported a decrease in profits.
The largest percentage increase in profits for a major
industrial sector was 13.7 percent for wholesale
trade. The next largest percentage growth in profits
for a major industrial sector was 12.9 percent for
finance and insurance, followed by a 10.6-percent
growth reported by real estate and rental and leasing.
Four major industrial sectors showed a decline in
profits for 2002. The largest percentage decrease in
profits was in retail trade, with a 20.8-percent
decrease, followed by transportation and warehousing with a 5.4-percent decrease.
In addition to sole proprietorship growth in profits,
Tax Year 2002 showed growth in both receipts and
deductions: total business receipts increased 1.3
percent to $1,029.7 billion, and total business deductions grew 1.2 percent to $808.9 billion. With a 14.1percent increase, administrative and support services
[1] reported the largest percentage increase in receipts, followed by an 8.6-percent growth reported by
real estate and rental and leasing. Administrative and
support services also reported the largest percentage
increase in deductions at 16.2 percent for 2002.
When inflation is taken into account, 2002 total nonfarm sole proprietorship profits increased 0.2 percent,
receipts decreased 0.3 percent, and deductions decreased 0.4 percent. Despite the overall increase in
net income less deficits, sole proprietorship deficits
increased by 8.7 percent in real terms from 2001.
The North American Industry Classification
System (NAICS) for industrial coding was introduced
for the first time in Tax Year 1998. Because of the
coding changes, comparisons between data from
1998–2002 with 1997 and prior years may show
inconsistencies. One reason is that many sole
proprietorships under the NAICS system were classiKevin Pierce and Michael Parisi are economists with the
Individual Research Section and Individual Returns
Analysis Section. This article was written under the
direction of Carl Greene, Chief of Individual Research
Section, and Jeff Hartzok, Chief of Individual Returns
Analysis Section.
6
fied in completely different industrial groups, which
makes prior-year comparisons inappropriate. For
example, in 1997, finance, insurance and real estate
were grouped by Standard Industrial Classification
(SIC) code as one industry while, under the NAICS
system, the group split into two industrial sectors.
The industrial sectors based on the NAICS codes,
used for comparisons in this article with 2001 and
future articles, are reported in Tables 1 and 2.
ReturnsandReceipts
The number of individual income tax returns reporting
nonfarm sole proprietorship activity for 2002 increased 3.2 percent to over 18.9 million (Figure
A)[2]. The two largest industrial sectors (in numbers of returns) showed an increase in the number of
returns for Tax Year 2002: professional, scientific,
and technical services increased 3.1 percent, and
retail trade increased 3.0 percent. The number of
returns in construction, the second largest sector for
2001, declined 4.0 percent. This was the largest
decline in number of returns for all major sectors.
The largest growth was found in finance and insurance services (12.3 percent). Total business
receipts (the sum of “income from sales and operations” and “other business income”) for all nonfarm
sole proprietorship industries increased 1.3 percent,
from $1,016.8 billion to $1,029.7 billion [3]. Administrative and support services showed the largest
percentage growth in receipts, reporting an increase
of $5.6 billion or 14.1 percent. Real estate and
rental and leasing receipts increased 8.6 percent, the
second largest percentage increase for 2002. Professional, scientific, and technical services, reported
the largest dollar increase in receipts of $6.1 billion.
Several industrial sectors reported drops in business
receipts for 2002, the largest being wholesale trade
with an 8.4-percent decrease. The next two largest
percentage decreases in receipts were found in
finance and insurance with 7.6 percent, and retail
trade with 2.9-percent.
As shown in Figure B, total receipts dropped for
the second straight year, decreasing 0.3 percent (in
constant dollars). This was a smaller percentage
decrease than the 2.7-percentage decrease in 2001,
which was the first decrease in business receipts
since 1991 [4].
Sole Proprietorship Returns, 2002
Figure A
Nonfarm Sole Proprietorship Returns, Receipts, and Deductions, by Selected Industrial Sectors,
Tax Years 2001 and 2002
[Number of returns is in thousands--money amounts are in billions of dollars]
Number of returns
Industrial sector
2001
2002
Total business receipts
Percentage
2001
2002
increase
(1)
(2)
(3)
Total business deductions ¹
Percentage
2001
2002
(7)
(8)
Percentage
increase
(4)
(5)
increase
(6)
(9)
All nonfarm industries...........................................................................................................................
18,338.2
18,925.5
3.2
1,016.8
1,029.7
1.3
799.6
808.9
1.2
Construction...........................................................................................................................
2,372.9
2,278.2
-4.0
164.2
168.5
Specialty trade contractors...........................................................................................................................
1,854.8
1,708.4
-7.9
108.2
107.6
2.6
-0.5
135.7
86.5
140.4
86.9
3.4
0.5
Wholesale trade (merchant wholesalers)...........................................................................................................................
310.4
308.0
-0.8
38.8
35.5
Retail trade...........................................................................................................................
2,254.2
2,321.2
3.0
184.8
179.4
Transportation and warehousing...........................................................................................................................
939.5
949.4
1.1
52.7
54.9
-8.4
-2.9
4.2
34.8
175.2
44.6
31.0
171.8
47.3
-11.0
-1.9
5.9
Finance and insurance...........................................................................................................................
576.6
647.3
12.3
82.6
76.4
Real estate and rental and leasing...........................................................................................................................
968.1
1,015.5
4.9
49.2
53.4
Real estate...........................................................................................................................
895.9
960.1
7.2
44.9
49.3
Professional, scientific, and
-7.6
8.6
9.8
68.8
28.8
24.6
60.7
30.8
26.9
-11.7
7.0
9.4
technical services...........................................................................................................................
2,592.3
2,672.4
3.1
118.8
124.9
5.2
Administrative and support and waste
management and remediation services...........................................................................................................................
1,567.3
1,754.5
11.9
39.3
44.9
14.1
70.0
76.4
9.1
28.0
32.6
16.2
Health care and social assistance...........................................................................................................................
1,679.0
1,722.5
2.6
93.5
97.1
Child day care services...........................................................................................................................
704.9
677.0
-4.0
8.8
8.9
Arts, entertainment, and recreation...........................................................................................................................
1,037.3
1,105.7
6.6
21.2
23.0
Performing arts, spectator sports,
3.8
1.4
8.4
53.8
5.4
15.9
55.8
5.6
17.5
3.6
4.0
10.2
and related industries...........................................................................................................................
879.6
946.1
7.6
16.1
17.9
Other services...........................................................................................................................
1,853.3
1,968.9
6.2
68.8
72.3
Personal and laundry services...........................................................................................................................
1,143.5
1,225.1
7.1
30.3
33.4
10.6
5.0
10.3
11.3
54.1
21.4
12.5
56.8
23.8
10.1
5.1
10.8
All other industries...........................................................................................................................
2,187.3
2,181.9
-0.2
102.9
-3.3
90.1
87.9
-2.4
99.5
¹ Total business deductions are calculated before subtraction of nonallowable "passive" activity losses and any "passive loss" carryover from prior years.
NOTE: Detail may not add to totals because of rounding. Percentage increases were calculated before rounding.
Figure B
Nonfarm Sole Proprietorship Receipts, Deductions, and Profits, Tax Years 1988-2002
[Money amounts are in billions of dollars]
Total business receipts
Tax year
Total business deductions
Constant dollars
Current
dollars
Amount
2
(2)
Net income less deficit (profits)
Constant dollars
Percentage
Current
dollars
Amount
increase
(1)
1
(3)
2
Constant dollars
Percentage
Current
dollars
Amount
(7)
(8)
increase
(4)
(5)
(6)
2
Percentage
increase
(9)
1988.......................................................................
672.0
887.8
--
545.7
720.9
--
126.3
166.9
--
1989.......................................................................
692.8
881.9
1990.......................................................................
730.6
895.5
1991.......................................................................
712.6
843.9
737.1
853.3
1992.......................................................................
-0.7
1.5
-5.8
1.1
560.2
589.2
571.2
583.1
713.1
722.1
676.4
675.0
-1.1
1.3
-6.3
-0.2
132.7
141.4
141.5
154.0
168.9
173.3
167.6
178.3
1.2
2.6
-3.3
6.4
1993.......................................................................
757.2
856.8
1994.......................................................................
790.6
876.0
807.4
876.6
1995.......................................................................
843.2
898.5
1996.......................................................................
0.4
2.2
0.1
2.5
600.8
623.8
638.1
666.5
679.7
691.2
692.8
710.1
0.7
1.7
0.2
2.5
156.5
166.8
169.3
176.8
177.0
184.8
183.8
188.3
-0.7
4.4
-0.6
2.5
1997.......................................................................
870.4
912.2
1998.......................................................................
918.3
951.8
969.3
990.5
1999.......................................................................
1,021.0
2000.......................................................................
1,021.0
993.3
2001.......................................................................
1,016.8
1.5
4.3
4.1
683.9
716.2
761.4
716.7
742.3
778.0
0.9
3.6
4.8
186.6
202.3
207.9
195.6
209.7
212.5
3.9
7.2
1.3
3.1
-2.7
-0.3
806.4
799.6
808.9
806.4
781.1
778.2
3.6
-3.1
-0.4
214.7
217.4
221.1
214.7
212.3
212.7
1.1
-1.1
0.2
990.6
2002.......................................................................
1,029.7
¹ Total business deductions are calculated before subtraction of nonallowable "passive" activity losses and any "passive loss" carryover from prior years. However, these
losses (after subtraction) and any carryover are reflected in net income or deficit. Therefore, total business receipts minus total business deductions may not always equal
net income or deficit.
² Constant dollars are based on the overall implicit price deflator for gross domestic product computed and reported by the U.S. Department of Commerce, Bureau of
Economic Analysis, in the Survey of Current Business . The deflator represents the annual average of current-weighted prices, based on 2000 = 100.
NOTE: Percentage increases were calculated before rounding.
7
Sole Proprietorship Returns, 2002
Deductions
8
8
Total business deductions (“cost of sales and operations” plus business expenses, including expenses for
home offices) in current dollars increased 1.2 percent
from $799.6 billion for 2001 to $808.9 billion for 2002
(Figure A) [5,6]. Administrative and support services
showed the largest percentage increase in deductions
with 16.2 percent. Wholesale trade, retail trade, and
finance and insurance were the sole proprietorship
principal sectors that did not show an increase in
deductions for 2002. Sole proprietorships in finance
and insurance showed the largest percentage decrease in deductions (11.7 percent), followed by
wholesale trade (11.0 percent). When accounting for
inflation, business deductions decreased 0.4 percent
for 2002, a smaller decrease than the 3.1-percent
decrease for 2001 (Figure B).
Representing 43.5 percent of total 2002 business
deductions, the cost of sales and operations was
$351.8 billion (Figure C), a 3.2-percent decrease
from the 2001 level. Total business “expenses” (total
business deductions minus the cost of sales and
operations) were $457.1 billion for 2002, a 4.8-percent increase from the 2001 amount. Figure D
graphically presents the main components of total
business expenses. The largest component, salaries
and wages, accounted for 14.5 percent of the total.
For 2002, salaries and wages totaled $66.1 billion, a
3.5-percent increase from 2001 (Figure C). The next
largest components of business expenses were cars
and trucks (11.0 percent), depreciation (8.0 percent),
and rent on business property, machinery, and equipment (7.6 percent). For 2002, these items were
$50.5 billion, $36.6 billion, and $34.9 billion, respectively. Car and truck expenses showed a 6.6-percent
increase from 2001; depreciation, a 9.6-percent
increase; and rent on business property, machinery,
and equipment, a 3.6-percent increase.
Depreciation deductions began to decline for Tax
Year 1986, following the enactment of the Tax Reform Act of 1986 (TRA86). TRA86 reduced the
allowable depreciation deduction by lengthening the
cost recovery periods and changing the depreciation
methods for property placed in service after July 31,
1986. In constant dollars, depreciation deductions
dropped 9.6 percent for 1989 and continued to decline through 1992 (Figure E). Beginning with 1993,
the trend reversed, and constant dollar depreciation
increased every year through 2002, except for 1995,
Figure C
Components of Nonfarm Sole Proprietorship
Business Deductions, Tax Years 2001 and 2002
[Money amounts are in millions of dollars]
Business deductions
2001
2002
(1)
(2)
Percentage
increase
(3)
Business deductions, total ¹..........................................................................................................
799,633.1
808,900.7
1.2
Cost of sales and operations, total........................................................................................................
363,355.6
351,785.0
-3.2
Inventory, beginning of year..........................................................................................................
34,176.3
34,291.7
0.3
Cost of labor..........................................................................................................
28,022.3
30,389.0
8.4
Purchases..........................................................................................................
246,541.1
227,085.8
-7.9
Materials and supplies..........................................................................................................
43,798.3
45,589.2
4.1
Other costs..........................................................................................................
46,550.1
50,709.1
8.9
Inventory, end of year..........................................................................................................
35,732.5
36,279.8
1.5
Business expenses, total..........................................................................................................
436,277.5
457,115.6
4.8
Advertising expenses..........................................................................................................
10,774.1
11,238.0
4.3
Bad debts from sales or services..........................................................................................................
1,176.3
1,055.7
-10.3
Car and truck expenses..........................................................................................................
47,351.9
50,489.4
6.6
Commissions..........................................................................................................
12,130.1
14,066.8
16.0
Depletion..........................................................................................................
693.7
461.9
-33.4
Depreciation ²..........................................................................................................
33,425.6
36,642.0
9.6
Employee benefit programs..........................................................................................................
2,040.6
2,284.4
11.9
Home office business deductions ²..........................................................................................................
5,981.4
6,474.1
8.2
Insurance..........................................................................................................
14,367.0
16,004.3
11.4
Legal and professional services..........................................................................................................
7,482.6
8,365.9
11.8
Meals and entertainment deducted.........................................................................................................
4,735.3
5,088.1
7.4
Mortgage interest..........................................................................................................
5,456.2
5,006.9
-8.2
Other interest paid on business
indebtedness..........................................................................................................
7,053.3
6,432.7
-8.8
Office expenses..........................................................................................................
10,604.8
11,331.7
6.9
Pension and profit-sharing plans..........................................................................................................
991.9
1,085.2
9.4
Rent on machinery and equipment.........................................................................................................
8,522.0
8,543.3
0.2
Rent on other business property..........................................................................................................
25,119.1
26,311.5
4.7
Repairs..........................................................................................................
12,129.8
12,669.1
4.4
Salaries and wages..........................................................................................................
63,826.0
66,068.0
3.5
Supplies..........................................................................................................
23,074.8
24,615.8
6.7
Taxes paid..........................................................................................................
14,214.1
14,901.4
4.8
Travel..........................................................................................................
8,657.3
9,110.2
5.2
Utilities..........................................................................................................
20,482.7
20,674.7
0.9
Other business deductions..........................................................................................................
94,612.3
96,803.8
2.3
¹ Includes returns with Schedule C-EZ attached. Because only a total is reported for
business deductions on Schedule C-EZ, the totals shown in the statistics exceed the sum
of the detailed deductions; the detailed deductions are, therefore, slightly understated.
² Depreciation claimed on Form 8829 is included in "home office business deductions"
and excluded from "depreciation" shown above.
NOTE: Detail may not add to totals because of rounding. Percentage increases were
calculated before rounding.
when it decreased 1.9 percent to $28.5 billion [7].
For 2002, depreciation increased (in real terms) by
8.0 percent, the largest percentage increase in depreciation since the enactment of TRA86. The 2002
depreciation deductions accounted for 4.5 percent of
total business deductions, but remained below the
1985 (pre-TRA86) level of 5.7 percent.
Sole Proprietorship Returns, 2002
Figure D
Nonfarm Sole Proprietorship Total Business Expenses, Tax Year 2002 ¹
Type of expenses
Repairs
2.8
Commissions
3.1
Taxes paid
3.3
Insurance
3.5
4.5
Utilities
5.4
Supplies
Rent on business property,
machinery, and equipment
7.6
Depreciation ²
8.0
11.0
Car and truck expenses
14.5
Salaries and wages
36.3
Other business deductions ³
0
5
10
15
20
25
30
35
40
Percent of total
¹ Total business expenses equal all business deductions minus cost of sales and operations.
² Depreciation claimed on Form 8829 is included in "home office business deductions" and excluded from "depreciation" shown above.
³ Other business deductions include: advertising expenses; bad debts; depletion; employee benefit programs; interest; legal and professional
services; office expenses; pension and profit-sharing plans; travel, meals, and entertainment; and home office business deductions. Other business
deductions also include all Schedule C-EZ deductions ($1.4 billion).
NOTES: Percents are based on an estimated total business expense of $457.1 billion. Detail may not add to 100 percent because of rounding.
Beginning with Tax Year 1992, certain smaller
businesses could elect not to itemize depreciation and
other business deductions by filing Schedule C-EZ,
Net Profit From Business, a simplified version of
Schedule C, Profit or Loss From Business. (Schedules C and C-EZ are the source of sole proprietorship
statistics.) Taxpayers could use Schedule C-EZ if
they: had business expenses of $2,500 or less; used
the cash accounting method; had no inventories; did
not report a deficit from the business; had only one
business as a sole proprietor; had no employees; were
not required to file Form 4562, Depreciation and
Amortization, for the business; claimed no deduction
for home business expenses; and had no prior-year
disallowed passive activity losses from the business.
Since taxpayers using Schedule C-EZ did not itemize
business deductions, the detailed deductions in Table
2 are slightly understated and do not add to the totals.
9
Sole Proprietorship Returns, 2002
Figure E
Nonfarm Sole Proprietorship Net Income, Deficit, and Depreciation, Tax Years 1988-2002
[Money amounts are in billions of dollars]
Current dollars
Tax year
Constant dollars ¹
Net income
Deficit
Depreciation ²
(1)
(2)
(3)
Percentage increase in constant dollars ¹
Net income
Deficit
Depreciation ²
Net income
Deficit
Depreciation ²
(9)
(4)
(5)
(6)
(7)
(8)
1988.............................................................................................................
145.5
19.2
26.1
192.2
25.4
34.5
--
--
--
1989.............................................................................................................
152.4
19.7
24.5
194.0
25.1
31.2
0.9
-1.1
-9.6
1990.............................................................................................................
161.7
20.2
23.7
198.2
24.8
29.0
2.2
-1.3
-6.9
1991.............................................................................................................
162.4
20.9
23.1
192.3
24.8
27.4
-3.0
(³)
-5.8
1992.............................................................................................................
173.5
19.5
23.3
200.8
22.6
27.0
4.4
-8.8
-1.4
1993.............................................................................................................
177.0
20.5
25.0
200.3
23.2
28.3
-0.3
2.8
4.9
1994.............................................................................................................
187.8
21.0
26.2
208.1
23.3
29.0
3.9
0.3
2.6
1995.............................................................................................................
191.7
22.5
26.2
208.2
24.4
28.5
(³)
4.8
-1.9
1996.............................................................................................................
200.1
23.4
27.4
213.2
24.9
29.2
2.4
2.1
2.4
1997.............................................................................................................
210.5
23.8
28.6
220.6
25.0
30.0
3.4
0.3
2.9
1998.............................................................................................................
226.2
23.9
29.1
234.5
24.8
30.2
6.3
-0.7
0.7
1999.............................................................................................................
233.4
25.5
30.6
238.5
26.0
31.3
1.7
4.9
3.7
2000.............................................................................................................
245.2
30.5
32.2
245.2
30.5
32.2
2.8
17.3
2.8
2001.............................................................................................................
250.2
32.8
33.4
244.4
32.0
32.7
-0.3
5.0
1.4
2002.............................................................................................................
257.3
36.2
36.6
247.5
34.8
35.3
1.3
8.7
8.0
¹ Constant dollars are based on the overall implicit price deflator for gross domestic product computed and reported by the U.S. Department of Commerce, Bureau
of Economic Analysis, in the Survey of Current Business . The deflator represents the annual average of current-weighted prices, based on 2000 = 100.
² Excludes depreciation claimed on Form 8829, Expenses for Business Use of Your Home.
³ Less than 0.05 percent.
10
Figure F presents the numbers and percentages
of nonfarm sole proprietorship returns filed on Schedule C-EZ by industrial sector. Over 2.7 million taxpayers filed Schedule C-EZ for Tax Year 2002. Of
the returns filed for 2002 in the administrative and
support services sector (the largest filers of this
schedule), taxpayers filed approximately 430 thousand Schedule C-EZ returns, or 24.5 percent of the
total for that sector. For 2002, business receipts from
Schedule C-EZ filers totaled $16.2 billion, or 1.6
percent of total business receipts reported. However, the business deductions reported on Schedule
C-EZ returns accounted for only 0.2 percent of total
business deductions for all industries. Even in the
administrative and support services sector with its
higher concentration of Schedule C-EZ filers, deductions reported on Schedule C-EZ accounted for only
0.6 percent of that sector’s total business deductions.
ProfitsandLosses
For 2002, a little over half of the principal industrial
sectors reported increased sole proprietorship profits
(net income less deficit). Figure B presents total
10
profits for all industries (in both current and constant
dollars) since 1988, while Figure G presents profits by
industrial sector for 2001 and 2002 [8]. Total profits
increased 1.7 percent from $217.4 billion for 2001 to
$221.1 billion for 2002. Retail trade reported the
largest percentage change in profits for 2002, decreasing 20.8 percent to $7.6 billion. Transportation
and warehousing reported the second largest percentage decrease in profits with 5.4 percent. The
largest percentage increase was for wholesale trade,
which showed a 13.7- percent increase in profits for
2002. Finance and insurance had the second largest
percentage increase, with 12.9 percent. This was
followed by sole proprietors in real estate and rental
and leasing who reported increased gains of $2.2
billion, representing a 10.6-percent increase from
2001 levels. Professional, scientific, and technical
services, the largest of the industrial sectors with
respect to profits, showed a 0.4-percent decrease
in profits.
In constant dollars, total profits increased 0.2
percent for 2002 (Figure B). Figure E presents net
income and deficit separately between 1988 and
Sole Proprietorship Returns, 2002
Figure F
Nonfarm Sole Proprietorship Returns with Schedule C-EZ, by Selected Industrial Sectors, Tax Year 2002
[Money amounts are in millions of dollars]
Industrial sector
Number of returns
Total business receipts
With
Percentage
On
Percentage
Schedule
of
Schedule
of
C-EZ
total
C-EZ
total
(2)
(3)
(5)
(6)
Total
(1)
Total
(4)
Total business deductions ¹
On
Total
Percentage
Schedule
of
C-EZ
total
(7)
(8)
(9)
All nonfarm industries..................................................................................................
18,925,517
2,748,893
14.5
1,029,691.8
16,196.1
1.6
808,900.7
1,390.7
0.2
Construction..................................................................................................
2,278,208
285,878
1,953.8
1.2
140,389.6
144.8
0.1
Wholesale trade (merchant wholesalers)..................................................................................................
308,015
24,043
7.8
35,488.4
151.6
0.4
30,958.5
10.8
(²)
Retail trade..................................................................................................
2,321,152
171,142
7.4
179,426.5
665.8
0.4
171,836.8
84.3
(²)
Transportation and warehousing...............
10.5
54,882.1
552.7
1.0
47,252.0
65.8
0.1
76,355.7
489.5
0.6
60,721.9
21.3
(²)
Real estate and rental and leasing..................................................................................................
1,015,488
58,457
5.8
53,356.5
593.8
1.1
30,768.4
33.2
0.1
2,704.5
2.2
76,381.9
213.3
0.3
949,446
99,288
12.5
Finance and insurance..................................................................................................
647,338
58,503
9.0
168,481.3
Professional, scientific, and
technical services..................................................................................................
2,672,368
380,980
14.3
124,946.1
Administrative and support and waste
management and remediation services..................................................................................................
1,754,486
429,817
24.5
44,878.4
2,251.1
5.0
32,561.8
200.0
0.6
Health care and social assistance.............
2,406.9
2.5
55,809.8
196.7
0.4
1,722,464
367,942
21.4
97,076.9
Arts, entertainment, and recreation..................................................................................................
1,105,714
154,810
22,999.0
14.0
633.6
2.8
17,472.2
91.5
0.5
Other services..................................................................................................
1,968,943
300,858
15.3
72,260.4
1,961.1
2.7
56,844.9
167.7
0.3
All other industries..................................................................................................
2,181,895
417,175
19.1
99,540.4
1,831.8
1.8
87,903.0
161.3
0.2
¹ Total business deductions are calculated before subtraction of nonallowable "passive" activity losses and any "passive loss" carryover from prior years.
² Less than 0.05 percent.
NOTE: Certain smaller sole proprietorships could elect not to itemize business deductions by filing Schedule C-EZ, Net Profit for Business. See the text of this article for a full list of
the requirements to be eligible to file Schedule C-EZ.
Figure G
Nonfarm Sole Proprietorship Profits, by Selected
Industrial Sectors, Tax Years 2001 and 2002
2002, in current and constant dollars. For 2002, net
income (in constant dollars) increased 1.3 percent,
and net deficit (in constant dollars) increased
8.7 percent.
[Money amounts are in billions of dollars]
Net income less deficit (profits)
IndustryTrends
Using receipts as a measure of business size, Figures
A and H show that retail trade was the largest sole
(1)
(2)
(3)
proprietorship industrial sector for 2002 with 17.4
All nonfarm industries...........................................................................................................................
217.4
221.1
1.7
percent of all business receipts. Total receipts for
Construction...........................................................................................................................
28.5
28.1
-1.5
this sector, at $179.4 billion, were 2.9 percent less
Specialty trade contractors...........................................................................................................................
21.7
20.7
-4.7
Wholesale trade (merchant wholesalers)...........................................................................................................................
4.0
4.5
13.7
than the $184.8 billion reported for 2001, while
Retail trade...........................................................................................................................
9.6
7.6
-20.8
deductions also decreased by 1.9 percent. This
Transportation and warehousing...........................................................................................................................
8.1
7.7
-5.4
Finance and insurance...........................................................................................................................
13.9
15.7
12.9
resulted in a 20.8-percent decline in profits, the
Real estate and rental and leasing...........................................................................................................................
20.4
22.6
10.6
largest decrease in profits for all sectors (Figure G).
Real estate...........................................................................................................................
20.3
22.4
10.3
Professional, scientific, and
The second largest industrial sector was contechnical services...........................................................................................................................
48.8
48.6
-0.4
struction,
with receipts totaling $168.5 billion. This
Administrative and support and waste
amount was 16.4 percent of all sole proprietorship
management and remediation services...........................................................................................................................
11.3
12.3
8.9
Health care and social assistance...........................................................................................................................
39.7
41.3
4.0
receipts for 2002, representing a 2.6-percent increase
Child day care services...........................................................................................................................
3.4
3.3
-2.8
from the 2001 amount. Deductions increased even
Arts, entertainment, and recreation...........................................................................................................................
5.3
5.6
4.1
Performing arts, spectator sports,
more, by 3.4 percent. Thus, construction profits
and related industries...........................................................................................................................
4.8
5.4
12.5
decreased 1.5 percent for 2002, totaling $28.1 billion.
Other services...........................................................................................................................
14.8
15.4
4.3
Special trade contractors reported the largest portion
Personal and laundry services...........................................................................................................................
8.8
9.7
9.2
All other industries...........................................................................................................................
12.9
11.7
-9.0
(73.7 percent) of these profits. As a group, special
NOTE: Detail may not add to totals because of rounding. Percentage increases
trade contractors showed a decrease of 0.5 percent
were calculated before rounding.
Industrial sector
2001
2002
Percentage
increase
11
Sole Proprietorship Returns, 2002
Figure H
Nonfarm Sole Proprietorship Total Business Receipts by Selected Industrial Sectors, Tax Year 2002
Arts, entertainment, and recreation
2.2
Wholesale trade (merchant wholesalers)
3.4
Administrative and support and waste management and
remediation services
12
4.4
Real estate and rental and leasing
5.2
Transportation and warehousing
5.3
Other services
7.0
Finance and insurance
7.4
Health care and social assistance
9.4
All other industries
9.7
12.1
Professional, scientific, and technical services
16.4
Construction
17.4
Retail trade
0
5
10
15
20
Percent of total
NOTES: Percents are based on an estimated total business receipts of $1,029.7 billion. Detail may not add to 100 percent because of rounding.
12
for receipts and a decrease of 4.7 percent for profits.
The third largest sector was professional, scientific, and technical services, which accounted for 12.1
percent of sole proprietorship receipts for 2002.
Receipts increased 5.2 percent to $124.9 billion, and
deductions increased 9.1 percent to $76.4 billion,
yielding a decrease in profits of 0.4 percent. Figures
G and I also demonstrate that, despite the decline in
profits from $48.8 billion in 2001 to $48.6 billion for
2002, professional, scientific, and technical service
accounted for the largest percentage of sole proprietorship profits for 2002, with 22.0 percent.
The fourth largest sole proprietorship industrial
sector with 9.4 percent of total receipts was health
care and social assistance. A 3.8-percent increase in
receipts for this sector, accompanied by a 3.6-percent increase in deductions, led to an increase in
profits of 4.0 percent. This sector had the second
largest amount of profits for 2002, reporting 18.7
percent of all sole proprietorship profits.
Summary
Profits for nonfarm sole proprietorships for Tax Year
2002 grew 1.7 percent to $221.1 billion. In constant
Sole Proprietorship Returns, 2002
Figure I
Nonfarm Sole Proprietorship Total Business Profits by Selected Industrial Sectors, Tax Year 2002
Wholesale trade (merchant wholesalers)
2.1
Arts, entertainment, and recreation
2.5
Retail trade
3.4
Transportation and warehousing
3.5
All other industries
Administrative and support and waste management and
remediation services
Other services
5.3
5.6
7.0
Finance and insurance
7.1
Real estate and rental and leasing
10.2
Construction
12.7
Health care and social assistance
18.7
Professional, scientific, and technical services
22.0
0
5
10
15
20
25
Percent of total
NOTES: Percents are based on an estimated total business profits of $221.1 billion. Detail may not add to 100 percent because of rounding.
Profits is a designation for "net income less deficit," shown elsewhere in this article.
dollars, total nonfarm sole proprietorship profits
increased 0.2 percent. Wholesale trade reported the
largest percentage growth in profits at 13.7 percent,
while finance and insurance had the second largest
percentage increase, at 12.9 percent. Professional,
scientific, and technical services had the largest
profits of any sector at $48.6 billion, or 22.0 percent
of total sole proprietorship profits, followed by health
care and social assistance at 18.7 percent. For all
sole proprietorships, receipts and deductions increased
1.3 percent and 1.2 percent, respectively. The largest
sole proprietorship industrial sector based on business
receipts was retail trade, accounting for 17.4 percent of
receipts. This sector reported a 20.8-percent decrease
in profits. Administrative and support services showed
the largest percentage increase in both receipts and
deductions, with a 14.1-percent increase in receipts
and a 16.2-percent increase in deductions.
DataSourcesandLimitations
The 2002 sole proprietorship estimates are based on
a stratified probability sample of unaudited Individual
Income Tax Returns, Form 1040 (including electronically-filed returns), processed by the Internal Revenue
Service during Calendar Year 2003. Returns in the
sample were stratified based on: (1) the presence or
13
Sole Proprietorship Returns, 2002
Figure J
Nonfarm Sole Proprietorships: Coefficients of Variation for Selected Items, by Selected Industrial
Sectors, Tax Year 2002
[Coefficients of variation are in percentages]
Coefficients of variation
Industrial sector
Total business
receipts
¹
Total business
deductions
Depreciation ²
Net income
Deficit
(2)
(3)
(4)
(5)
(1)
0.69
0.76
All nonfarm industries...........................................................................................................................
1.41
0.97
1.80
Construction...........................................................................................................................
2.55
4.05
3.21
6.72
4.89
3.90
8.47
6.02
6.13
Wholesale trade...........................................................................................................................
Retail trade...........................................................................................................................
2.34
2.32
10.94
9.56
12.67
4.60
3.68
4.54
3.45
3.50
Transportation and warehousing...........................................................................................................................
Finance and insurance...........................................................................................................................
2.95
3.11
5.11
4.78
7.64
8.06
4.65
7.14
Real estate and rental and leasing...........................................................................................................................
3.33
3.32
5.64
4.24
6.93
3.47
Real estate...........................................................................................................................
Professional, scientific, and
2.65
Special trade contractors...........................................................................................................................
3.12
3.27
3.43
6.33
4.34
7.73
2.23
2.55
technical services...........................................................................................................................
Administrative and support and waste
4.07
2.62
5.74
3.89
4.42
6.61
management and remediation services...........................................................................................................................
Health care and social assistance...........................................................................................................................
2.20
2.33
4.01
4.45
8.14
2.64
9.45
14.07
6.40
18.92
4.51
4.46
6.72
Arts, entertainment, and recreation...........................................................................................................................
Performing arts, spectator sports,
6.29
6.34
5.09
4.96
and related industries...........................................................................................................................
Other services...........................................................................................................................
3.25
3.52
7.68
6.77
7.11
5.31
3.87
7.22
4.36
4.90
Personal and laundry services...........................................................................................................................
All other industries...........................................................................................................................
2.80
2.88
8.16
5.20
10.16
3.77
3.76
4.85
Child day care services...........................................................................................................................
5.77
6.95
14
¹ Positive only.
² Excludes depreciation claimed on Form 8829.
absence of Schedule C, Profit or Loss From Business (Sole Proprietorship), or Schedule C-EZ, Net
Profit From Business, and Schedule F, Farm Income
and Expenses; (2) the larger of positive income or
negative income (i.e., “adjusted gross income” before
statutory adjustments); and (3) tax year. The returns
were selected at rates that ranged from 0.05 percent
to 100 percent. The 2002 nonfarm sole proprietorship
data are based on a sample of 49,752 returns and a
population of 18,925,517 returns [9]. The corresponding sample and population for the 2001 data were
51,275 returns and 18,338,190 returns, respectively.
Since the data presented in this article are estimates based on a sample of returns filed, they are
subject to sampling error. To properly use the statistical data estimates provided, the magnitude of the
potential sampling error must be known; coefficients
of variation (CV’s) are used to measure that magnitude. Figure J presents estimated coefficients of
14
variation for the number of returns and money
amounts for selected items and industrial sectors.
Generally, the smaller the coefficient of variation, the
more reliable the estimate is judged to be. The Appendix to this issue of the Bulletin discusses the
reliability of estimates based on samples, and the use
of coefficients of variation for evaluating the precision of estimates based on samples.
NotesandReferences
[1] Based on the 2002 NAICS system, the full
name of the administrative and support services
sector is administrative and support and waste
management and remediation services sector.
The waste management and remediation
services portion makes up a small percentage of
the overall numbers reported under this classification, which are detailed in Table 1.
Sole Proprietorship Returns, 2002
[2] For 2002, the 18,925,517 nonfarm sole proprietorship returns accounted for 20,972,642
nonfarm businesses. Actually, more businesses
may have existed than those counted; processing for tax administration purposes allows only
three businesses (reported on separate Schedules C) per return, and combines any remaining
businesses on one (or more) of the three Schedules C. Statistics of Income--1981, Sole
Proprietorship Returns contains a more
detailed explanation of the relationship between
proprietors and proprietorships. It is estimated
that 21,782 individual tax returns have four or
more sole proprietorships attached (with an
average of 4.61 businesses).
For purposes of the statistics, if a proprietor
owned more than one business, the statistics for
each business were combined with those of the
proprietor’s dominant business and included in
the industrial group for that business activity.
When this occurred, the sum of net incomes (for
businesses reporting a positive net income)
reduced by the sum of net deficits (for businesses reporting a deficit) yielded the profits for
a specific industrial group.
The North American Industry Classification
System (NAICS) was used to classify data by
industries for 2002. These classifications were
applied on a “per business” (rather than on a
“per establishment”) basis for Statistics of
Income by combining various industry groups,
although businesses were further combined as
described above. While the wording of the
industry titles used for the sole proprietorship
statistics diverges somewhat from titles appearing in NAICS, the definitions are consistent.
[3] Statistics for “business receipts, total” in Table 2
represent the total receipts of the business,
mainly gross receipts from sales and operations.
Business receipts also include miscellaneous
business receipts, such as incidental sales of
scrap, shown separately in the statistics as
“other business income.” However, business
receipts exclude incidental investment income
received through the business. Examples of
such incidental investment income are interest,
dividends, income or loss from rents or royalties,
and capital or ordinary gain or loss from the sale
of investment and business property. Sole
proprietors report incidental investment income,
in combination with nonbusiness-related investment income, as part of their total incomes on
their Individual Income Tax Returns.
[4] Based on the overall implicit price deflator for
Gross Domestic Product (GDP). See U.S.
Department of Commerce, Bureau of Economic
Analysis, Survey of Current Business, February 2004. Indices used for this article were:
Year Indices
Year Indices
Year Indices
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
75.7
78.6
81.6
84.4
86.4
88.4
90.3
92.1
93.9
95.4
96.5
97.9
100.0
102.4
104.0
105.7
In previous articles, this deflator had 1996 as a
base. Resulting from the change in the deflator,
some of the year-to-year changes in percentages have been altered.
[5] Sole proprietors report personal, i.e., nonbusiness, income and expense items apart from
business income or loss, which is reported on the
attached Schedule C, Profit or Loss From
Business (or, to a lesser extent, on Schedule CEZ, Net Profit From Business). Salaries paid
to owners qualify as personal income, not as a
business expense, and are, therefore, part of the
owner’s taxable income. Similarly, sole proprietors deduct charitable contributions made
through the business as personal expenses on
Schedule A, Itemized Deductions. However,
the owner of a sole proprietorship may choose
to deduct any foreign taxes paid as a business
expense, unless he or she elects to claim these
taxes as a credit against U.S. income tax.
[6] Business deductions include home office business deductions. After 1990, home office
expenses were calculated separately on Form
8829, Expenses for Business Use of Your
Home, and the deductible portion brought
15
Sole Proprietorship Returns, 2002
forward to Schedule C. In some cases, these
expenses were limited. Prior to 1990, these
expenses were not limited and were included
with other expenses, such as depreciation
deductions, utilities, and “other” expenses on
Schedule C.
[7] The increase in the depreciation deduction for
1993 may be attributed, in part, to a provision of
the Omnibus Budget Reconciliation Act of 1993
(OBRA93). The cost of certain tangible
property (as described in Internal Revenue
Code section 179) may be treated as a current
expense rather than a capital expenditure
subject to depreciation deductions. The provision of OBRA93 (related to these expenses)
increased the maximum amount of investment
certain small businesses could immediately
deduct on property placed in service after 1992,
from $10,000 to $17,500. Following the enactment of this provision, the deduction increased
32.4 percent to $13.5 billion for 1993. Again, a
change in law increased the “179” depreciation
deduction amount to $20,000 for 2000, and
$24,000 for 2001 and 2002.
[8] Net income minus deficit (loss) before Federal
income tax yields profits. Proprietors compute
their tax on total “taxable income,” which includes
their business profits, plus any other income.
[9] The difference between the number of returns
in the population and the total number of returns
in Tables 1 and 2 is mainly due to returns in which
Schedule C income was moved to other income
or wages to avoid double counting of taxpayers
for Gross Domestic Product calculations. In
addition, data from amended returns and tentative returns are not reflected in these statistics.
Source: IRS Statistics of Income Bulletin, Summer 2004, Publication 1136 (Rev. 09-2004.)
16
16
Sole Proprietorship Returns, 2002
Table 1.--Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net
Income, by Industrial Sectors Classified with the North American Industry Classification System
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Businesses with and without net income
Rent paid
Industrial sector
Number
of returns
Business
receipts
equipment
(1)
Rent paid
Depreciation on machinery
1,2
deduction
and
(2)
(3)
on other
business
1
property
1
(4)
Interest paid
1,3
deduction
Payroll
1,4
Net income
less deficit
(5)
(6)
(7)
(8)
26,311,497
199,992
11,439,538
260,050
96,456,993
1,768,469
221,113,286
735,764
Animal production (including breeding of cats and dogs)........................................................................................................................
40,892
1,109,069
194,792
2,305
21,933
29,647
103,204
-384,751
Forestry and logging (including forest nurseries, timber tracts)........................................................................................................................
46,890
5,746,918
580,955
113,379
22,061
117,296
704,287
210,816
Fishing........................................................................................................................
79,543
2,094,768
342,438
*663
40,167
43,098
139,319
286,388
Hunting and trapping........................................................................................................................
6,763
304,252
54,778
*873
47,919
4,475
8,521
-6,441
Support activities for agriculture and forestry........................................................................................................................
130,668
5,540,909
271,225
27,314
Mining........................................................................................................................
109,851
6,332,751
551,302
39,256
67,911
44,414
65,534
148,115
813,138
340,893
629,753
501,591
195,389
All nonfarm industries........................................................................................................................
18,925,517 1,029,691,760
37,333,601
8,543,257
Agriculture, forestry, hunting, and fishing........................................................................................................................
304,757
14,795,915
1,444,188
144,534
Oil and gas extraction........................................................................................................................
86,387
4,327,809
330,230
6,524
38,346
107,384
161,489
Coal mining........................................................................................................................
*377
*166,733
*10,056
*1,308
*370
*2,640
*14,712
*-5,962
Metal ore mining........................................................................................................................
*2,012
*13,113
*781
*7,545
Nonmetallic mineral mining and quarrying........................................................................................................................
4,943
644,255
95,718
15,946
*5
1,289
*13
28,981
*5,408
66,407
*-15,478
26,498
301,144
Support activities for mining........................................................................................................................
16,131
1,180,843
114,516
*7,933
4,404
9,097
92,877
145,838
27,828
*1,763
*2,664
*6,368
*2,112
-15,063
Construction........................................................................................................................
2,278,208
168,481,326
6,488,543
1,165,225
1,033,265
1,415,454
24,923,553
28,091,981
187,775
69,114
148,496
79,998
318,036
111,248
4,734,447
1,509,840
5,125,165
1,107,241
Utilities........................................................................................................................
6,913
Residential building construction........................................................................................................................
376,956
41,608,464
1,161,562
Nonresidential building construction........................................................................................................................
116,473
10,646,909
426,096
Heavy and civil engineering construction ........................................................................................................................
76,401
8,620,887
646,353
141,894
93,230
199,388
1,039,329
1,190,535
Specialty trade contractors........................................................................................................................
1,708,377
107,605,066
4,254,531
766,443
711,541
786,782
17,639,938
20,669,041
Manufacturing........................................................................................................................
310,319
23,475,114
1,011,812
209,929
677,154
289,408
3,324,229
2,681,496
Food manufacturing........................................................................................................................
26,753
3,348,106
107,636
Textile and textile product mills........................................................................................................................
7,680
353,446
*17,661
14,584
*234
134,087
*531
24,928
*1,523
336,152
*9,582
153,396
84,748
Apparel........................................................................................................................
21,578
35,324
*2,740
26,270
8,366
187,141
106,880
Leather and allied products........................................................................................................................
*3,742
*184,172
*6,795
--
*8,236
*1,362
*42,747
*28,284
29,766
44,163
38,939
298,692
36,181
-38,782
*4,140
101,660
-38,168
*7,288
364,955
*27,419
241,543
989,607
Wood products........................................................................................................................
31,500
1,829,515
98,375
Paper products........................................................................................................................
*1,091
*90,034
*234
Printing and related support activities........................................................................................................................
33,646
2,431,531
108,242
Petroleum and coal products........................................................................................................................
*2,369
*2,560
*14
--
--
--
--
*2,170
Chemical manufacturing........................................................................................................................
10,420
346,224
15,431
*153
*2,397
*4,365
*29,291
64,819
15,595
*1,393
32,207
*7,219
90,962
170,271
8,580
136,129
Plastics, rubber, clay, refractory, and glass products........................................................................................................................
15,175
681,457
26,126
*4,290
Nonmetallic mineral products........................................................................................................................
9,172
937,911
49,323
*11,349
Primary metal industries........................................................................................................................
*3,133
*129,020
*9,277
*748
--
*4,123
*14,877
*7,395
Fabricated metal products........................................................................................................................
28,183
3,406,438
176,749
32,294
104,448
42,467
546,384
271,911
Machinery........................................................................................................................
18,905
2,740,601
13,545
74,490
32,859
493,156
443,155
*7,376
*15,580
*911
9,126
*33,422
115,974
14,375
258,593
182,703
Computer and electronic products........................................................................................................................
7,523
234,015
*7,973
*245
Electrical equipment, appliances, and components........................................................................................................................
9,610
1,001,571
15,446
*3,875
Transportation equipment........................................................................................................................
9,816
782,649
31,527
*4,934
18,440
6,043
100,269
76,873
Furniture and related products........................................................................................................................
19,432
1,873,056
53,744
25,641
73,414
12,414
200,382
375,382
Medical equipment and supplies........................................................................................................................
7,528
366,917
4,666
*7,774
*15,721
*447
*37,653
141,063
Other miscellaneous manufacturing........................................................................................................................
43,063
1,746,281
64,565
18,977
Wholesale trade (merchant wholesalers)........................................................................................................................
308,015
35,488,448
550,742
177,744
29,211
362,577
23,942
237,353
245,029
1,098,145
202,603
4,533,573
Durable goods, including machinery, wood, metals, etc.........................................................................................................................
127,951
14,513,169
230,843
86,213
158,115
101,101
518,454
1,690,100
Nondurable goods, including food, fiber, chemicals, etc.........................................................................................................................
106,739
16,123,924
249,106
65,388
149,955
96,012
497,864
1,526,753
Wholesale electronic markets and agents and brokers........................................................................................................................
73,325
4,851,354
70,794
26,143
54,508
Retail trade........................................................................................................................
2,321,152
179,426,483
3,442,171
875,069
5,463,005
40,240
1,892,347
81,828
10,328,793
1,316,719
7,609,159
Motor vehicle and parts dealers........................................................................................................................
154,426
35,100,792
370,189
78,049
439,782
332,336
1,509,422
984,010
Furniture and home furnishing stores........................................................................................................................
59,826
6,417,067
111,395
17,021
390,977
79,499
575,181
306,677
Electronic and appliance stores........................................................................................................................
35,449
4,685,056
97,957
13,492
188,651
39,719
458,091
342,114
Building material and garden equipment and suppliers dealers........................................................................................................................
61,586
8,211,202
326,482
70,953
110,716
Food and beverage stores........................................................................................................................
107,979
29,683,107
331,444
91,720
763,362
126,595
192,642
766,524
1,739,437
395,406
1,262,065
546,355
Health and personal care stores........................................................................................................................
144,361
7,561,901
102,771
49,531
176,154
32,031
441,197
Gasoline stations........................................................................................................................
22,257
19,588,277
253,070
44,757
296,686
223,359
961,303
241,862
Clothing and accessories stores........................................................................................................................
104,648
11,611,377
156,228
131,938
856,950
88,151
930,756
1,013,522
Sporting goods, hobby, book, and music stores........................................................................................................................
122,570
8,727,842
171,288
24,994
General merchandise stores........................................................................................................................
32,616
4,039,570
130,957
15,168
446,250
164,261
142,240
50,005
429,938
315,635
553,604
55,628
Miscellaneous store retailers........................................................................................................................
518,968
26,854,146
675,046
238,236
1,320,918
407,039
1,662,608
1,378,497
Nonstore retailers........................................................................................................................
956,464
16,946,146
99,211
308,298
178,730
538,700
529,419
715,343
Footnotes at end of table.
17
Sole Proprietorship Returns, 2002
Table 1.--Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net
Income, by Industrial Sectors Classified with the North American Industry Classification System-Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Businesses with and without net income
Industrial sector
Number
of returns
Business
receipts
(1)
(2)
Rent paid
Depreciation on machinery
1,2
deduction
and
1
equipment
(3)
Payroll
1,4
Net income
less deficit
(4)
(5)
(6)
(7)
(8)
1,756,537
540,310
1,178,404
3,670,253
7,655,096
Air and rail transportation........................................................................................................................
14,644
844,648
275,025
Water transportation........................................................................................................................
5,305
233,492
52,574
9,032
*20,910
23,501
*605
31,559
11,824
45,827
*3,398
-170,952
35,022
General freight trucking, local........................................................................................................................
212,491
14,549,941
1,529,392
General freight trucking, long-distance and specialized freight
trucking........................................................................................................................
318,377
27,218,179
2,863,178
324,254
99,275
303,066
1,456,836
1,895,147
757,865
138,684
643,534
1,435,231
3,121,167
*5,679
--
*24
--
-*2,576
*13,503
*98
*-1,499
*5,945
Taxi and limousine service........................................................................................................................
120,451
3,218,289
118,975
398,354
School, employee, and charter bus industry........................................................................................................................
17,320
782,176
106,532
*59,866
124,032
*6,368
64,518
16,529
71,657
70,996
941,651
142,317
Other transit and ground passenger transportation........................................................................................................................
18,183
584,806
35,104
*5,947
Pipeline transportation........................................................................................................................
**
**
**
**
*2,324
**
*20,736
**
*50,767
**
134,919
**
Scenic and sightseeing transportation........................................................................................................................
**5,268
**302,072
**57,852
Support activities for transportation (including motor
**5,732
**9,256
**12,477
**42,437
**-35,514
vehicle towing)........................................................................................................................
39,172
1,699,712
151,339
Couriers and messengers........................................................................................................................
187,367
5,003,100
120,049
Warehousing and storage facilities........................................................................................................................
7,560
314,587
22,601
41,086
127,286
*527
76,783
30,727
28,731
36,815
30,299
*4,472
233,154
225,485
20,862
158,515
1,404,463
23,916
Information........................................................................................................................
223,398
6,469,180
369,484
114,849
Publishing industries (except internet)........................................................................................................................
67,679
2,110,691
78,601
16,193
177,400
23,694
59,077
25,830
547,079
243,215
1,237,526
512,093
Motion picture and sound recording........................................................................................................................
63,873
2,349,588
207,466
69,778
89,691
Broadcasting (except internet) and telecommunications........................................................................................................................
24,231
863,852
43,393
14,902
49,528
13,579
8,954
99,367
47,839
302,091
152,163
Internet publishing and broadcasting........................................................................................................................
8,214
157,231
*265
Internet service providers, web search portals, and
*89
*2,581
--
*129
71,739
13,887
317,535
11,906
1,344,623
10,713
522,079
156,529
3,634,592
199,440
15,666,392
92,035
242,886
214,952
879,419
1,294,175
2,758,902
11,748
34,630
66,221
11,015
9,762
14,407
38,133
123,801
19,960
183,901
569,394
-45,512
Securities and commodity exchanges........................................................................................................................
1,434
903,243
169
*2,666
*2,618
Other financial investment activities (investment advice)........................................................................................................................
108,676
33,767,183
123,138
47,598
241,273
1,321
206,382
*3,733
693,792
-36,989
2,088,108
909,213
822,307
187,158
172,201
2,540,221
2,353,145
11,613,315
9,498,483
23,861
507,123
86,906
906,688
14,957
896,289
187,076
1,286,319
2,114,832
22,581,125
data processing........................................................................................................................
59,401
987,817
39,759
Finance and insurance........................................................................................................................
647,338
76,355,733
904,291
Credit intermediation and related activities........................................................................................................................
86,075
4,579,176
138,380
37,720
78,919
Securities, commodity contracts, and other financial investments........................................................................................................................
146,480
43,546,489
167,435
63,072
356,490
Investment bankers and securities dealers........................................................................................................................
6,628
3,380,363
12,740
*4,779
Securities brokers........................................................................................................................
22,223
4,877,845
20,455
4,740
Commodity contracts brokers and dealers........................................................................................................................
7,519
617,854
10,933
*3,288
Insurance agents, brokers, and related activities........................................................................................................................
414,783
28,230,069
598,476
216,744
Insurance agencies and brokerages........................................................................................................................
327,538
24,000,354
514,937
192,883
Other insurance related activities........................................................................................................................
87,245
4,229,715
83,539
Real estate and rental and leasing........................................................................................................................
1,015,488
53,356,496
2,567,610
Real estate........................................................................................................................
960,101
49,307,383
Lessors of real estate (including miniwarehouses and
1,582,447
436,507
746,095
729,795
1,005,327
22,375,706
self storage)........................................................................................................................
41,841
2,249,224
Offices of real estate agents, brokers, property managers,
and appraisers........................................................................................................................
790,081
40,177,187
175,949
21,248
95,412
195,325
100,553
590,285
1,212,514
366,536
576,924
390,627
733,984
19,711,435
48,723
70,616
73,759
160,593
143,843
166,494
170,791
280,991
2,073,987
205,419
Automotive equipment rental and leasing........................................................................................................................
12,009
705,498
164,140
16,589
Consumer electronics and appliances rental........................................................................................................................
*1,126
*17,906
*4,258
--
24,027
*209
32,228
*1,094
24,157
*803
38,703
*-2,451
Formal wear and costume rental........................................................................................................................
---Video tape and disc rental........................................................................................................................
7,515
769,636
116,413
-84,354
-11,764
-91,580
-47,988
General rental centers and other consumer goods rental........................................................................................................................
13,957
900,787
118,771
4,617
33,701
Commercial and industrial machinery
24,039
79,831
53,813
18,302
3,334,003
1,466,327
97,369
987,508
228,773
84,621
10,696,572
3,584,194
67,367
48,637,019
14,485,178
25,813
52,235
188,249
227,526
66,864
106,983
562,219
793,372
1,383,609
2,821,179
Architectural, engineering, and related services........................................................................................................................
269,399
13,597,895
499,694
120,209
Architectural services........................................................................................................................
99,765
6,599,771
263,469
74,649
248,391
135,369
95,762
59,936
1,872,933
1,181,430
4,220,196
1,364,069
Engineering services........................................................................................................................
97,764
5,016,863
146,247
32,843
67,441
Drafting, building inspections, and geophysical surveying........................................................................................................................
52,712
1,389,703
61,983
9,912
27,713
22,141
10,832
475,986
145,618
2,032,128
613,172
Surveying and mapping (except geophysical) services........................................................................................................................
16,955
496,192
22,505
*210
*11,465
Testing laboratories........................................................................................................................
*2,204
*95,367
*5,490
*2,595
*6,403
Specialized design services........................................................................................................................
182,932
6,231,194
213,451
43,734
120,421
*1,621
*1,231
56,692
*63,205
*6,693
284,613
182,872
*27,956
1,641,313
Other activities related to real estate........................................................................................................................
128,178
6,880,973
193,985
Rental and leasing services........................................................................................................................
55,388
4,049,112
985,162
-*836
and equipment rental and leasing........................................................................................................................
20,782
1,655,286
581,581
48,575
Professional, scientific, and technical services........................................................................................................................
2,672,368 124,946,059
3,775,339
890,239
Legal services........................................................................................................................
356,895
33,827,841
554,579
203,304
Office of certified public accountants........................................................................................................................
48,319
3,603,525
142,374
Other accounting services........................................................................................................................
317,826
7,641,542
329,003
18
Interest paid
1,3
deduction
Transportation and warehousing........................................................................................................................
949,446
54,882,098
5,347,460
Urban transit........................................................................................................................
*1,362
*59,244
*5,437
Interurban and rural bus transportation........................................................................................................................
*1,946
*71,854
*9,401
18
Rent paid
on other
business
1
property
Footnotes at end of table.
Sole Proprietorship Returns, 2002
Table 1.--Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net
Income, by Industrial Sectors Classified with the North American Industry Classification System-Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Businesses with and without net income
Rent paid
on other
business
1
property
Interest paid
1,3
deduction
Payroll
(4)
(5)
(6)
(7)
41,942
97,811
39,313
318,768
3,216,437
Other professional, scientific, and technical services........................................................................................................................
1,262,728
52,848,149
1,820,682
403,002
985,278
Management, scientific, and technical consulting services........................................................................................................................
661,791
27,162,068
852,697
205,017
423,890
393,120
179,378
3,280,475
1,043,503
20,869,105
13,206,191
Industrial sector
Number
of returns
Business
receipts
(1)
(2)
Rent paid
Depreciation on machinery
1,2
deduction
and
1
equipment
(3)
1,4
Net income
less deficit
(8)
Professional, scientific, and technical service
--Continued
Computer systems design services........................................................................................................................
234,269
7,195,912
215,556
Scientific research and development services........................................................................................................................
32,308
1,084,712
28,345
9,417
10,553
13,411
66,182
483,599
Advertising and related services........................................................................................................................
114,741
5,910,410
151,083
133,583
41,025
458,915
1,467,916
56,198
Market research and public opinion polling........................................................................................................................
39,278
1,556,546
73,963
24,047
38,632
4,604
125,790
527,717
Other miscellaneous services........................................................................................................................
414,610
17,134,413
714,595
Administrative and support and waste management
108,323
378,619
154,703
1,586,084
5,183,683
and remediation services........................................................................................................................
1,754,486
44,878,393
2,079,010
404,722
563,683
395,994
5,334,233
12,318,639
Administrative and support services........................................................................................................................
1,723,807
43,582,389
1,971,535
391,418
549,198
365,285
5,199,730
12,183,976
Waste management and remediation services........................................................................................................................
30,679
1,296,004
107,475
13,304
Educational services........................................................................................................................
395,839
5,023,159
233,264
37,510
14,485
251,914
30,709
32,239
134,503
338,282
134,663
1,820,693
41,265,821
Health care and social assistance........................................................................................................................
1,722,464
97,076,912
2,646,028
566,916
3,864,937
946,246
13,458,569
Ambulatory health care services........................................................................................................................
842,263
83,147,994
2,133,408
493,468
3,546,741
708,906
11,956,598
36,524,364
Offices of physicians (except mental health specialist)........................................................................................................................
192,326
29,436,364
543,928
179,905
1,065,418
156,487
3,663,409
14,816,436
160,587
14,763
145,552
1,641,751
Offices of dentists........................................................................................................................
96,416
27,851,174
873,691
Offices of chiropractors........................................................................................................................
39,517
4,516,425
155,544
Offices of physicians, mental health specialist........................................................................................................................
36,686
2,815,453
56,242
12,045
128,181
31,176
1,032,603
316,343
323,652
61,138
5,851,695
548,449
10,452,530
1,766,324
Offices of optometrists........................................................................................................................
11,412
2,621,749
80,699
27,568
169,386
33,155
481,053
650,640
Offices of mental health practitioners and social therapists........................................................................................................................
161,541
7,289,102
170,800
23,319
503,322
37,011
454,332
3,670,175
Offices of podiatrists........................................................................................................................
7,676
996,776
5,017
101,500
374,390
1,214,679
19,643
89,942
Outpatient care centers and
other miscellaneous health practitioners........................................................................................................................
98,592
2,797,373
85,404
28,757
17,356
107,279
9,202
136,381
Medical and diagnostic laboratories........................................................................................................................
28,085
1,750,269
49,134
20,819
43,303
19,533
272,088
583,016
Home health care services........................................................................................................................
147,666
2,387,180
85,528
12,616
29,689
41,976
197,981
1,085,234
Other ambulatory health care services
(including ambulance services, blood and organ banks)........................................................................................................................
22,344
686,131
15,082
9,438
28,868
6,974
104,159
269,188
*966
*1,577
*1,600
*25,244
154,695
Nursing and residential care facilities........................................................................................................................
52,359
2,641,194
98,293
18,695
59,306
133,541
655,996
384,290
Social assistance……………..........................................................................................................................
137,509
2,076,318
58,154
5,430
76,024
12,908
142,414
876,189
Child day care services........................................................................................................................
676,991
8,913,642
354,580
Arts, entertainment, and recreation........................................................................................................................
1,105,714
22,998,961
1,577,102
48,356
172,870
181,289
729,613
89,291
252,511
678,317
1,059,526
3,326,283
5,568,237
Performing arts, spectator sports, and related industries........................................................................................................................
946,141
17,861,397
1,179,120
109,027
495,691
Hospitals…………….........................................................................................................................
13,342
297,764
*1,592
125,749
573,684
5,420,659
*18
--
*1,940
*51,729
Amusement, gambling, and recreation industries........................................................................................................................
156,233
5,041,480
397,140
61,478
233,903
Accommodation, food services, and drinking places........................................................................................................................
362,149
36,733,209
1,531,040
294,946
2,156,805
126,762
956,699
483,902
6,546,711
95,848
1,609,451
Museums, historical sites, and similar institutions........................................................................................................................
*3,340
*96,084
*842
*2,365
Accommodation…………..........................................................................................................................
64,053
5,008,383
602,732
25,039
143,381
583,439
687,300
159,956
22,369
81,879
482,052
494,988
16,641
RV (recreational vehicle) parks and recreational camps........................................................................................................................
14,532
679,975
112,624
*1,289
*7,419
55,785
39,530
51,981
Travel accommodation (including hotels, motels, and bed
and breakfast inns)………………........................................................................................................................
30,381
3,505,412
445,089
Rooming and boarding houses........................................................................................................................
19,139
822,996
45,019
Food services and drinking places........................................................................................................................
298,097
31,724,826
928,308
*1,380
269,907
*54,083
2,013,424
45,601
373,261
152,781
5,859,412
91,333
1,449,495
2,657,699
814,894
4,571,609
940,476
7,864,314
15,440,454
Auto repair and maintenance........................................................................................................................
315,701
23,189,427
922,388
249,792
804,199
337,330
3,318,796
2,567,473
113,338
102,683
371,064
199,633
136,181
135,941
1,704,500
1,142,455
1,210,637
1,025,294
Other services........................................................................................................................
1,968,943
72,260,435
Automotive mechanical and electrical repair and
maintenance........................................................................................................................
150,280
11,611,478
403,227
Automotive body shops........................................................................................................................
105,775
8,071,336
356,521
Other auto repair and maintenance (including oil change,
lubrication, and car washes)........................................................................................................................
59,646
3,506,613
162,641
33,772
233,502
65,209
471,841
331,543
Miscellaneous repairs........................................................................................................................
428,093
15,650,487
599,952
113,697
405,011
177,385
1,346,752
3,207,170
Personal and laundry services........................................................................................................................
1,225,149
33,420,520
1,135,359
Religious, grantmaking, civic, professional
451,405
3,362,400
425,761
3,198,765
9,665,811
and similar organizations........................................................................................................................
256,606
3,008,913
75,900
*11,684
22,170
17,716
*9,324
1,767,093
Unclassified establishments........................................................................................................................
212,063
3,556,337
52,791
39,911
64,671
5,206
225,025
1,407,239
Footnotes at end of table.
19
Sole Proprietorship Returns, 2002
Table 1.--Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net
Income, by Industrial Sectors Classified with the North American Industry Classification System-Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Businesses with net income
Industrial sector
Number
of returns
Business
receipts
(9)
(10)
Rent paid
Depreciation on machinery
1,2
deduction
and
1
equipment
(11)
Payroll
1,4
Net income
(12)
(13)
(14)
(15)
(16)
20,538,942
7,206,944
78,488,415
257,292,855
Agriculture, forestry, hunting, and fishing........................................................................................................................
197,650
10,652,161
658,225
110,318
2,019,565
92,701
140,994
1,354,493
Animal production (including breeding of cats and dogs)........................................................................................................................
10,209
684,203
30,187
*306
*8,187
*4,220
69,749
95,349
Forestry and logging (including forest nurseries, timber tracts)........................................................................................................................
32,879
4,506,913
342,611
92,161
14,899
Fishing........................................................................................................................
50,141
1,650,449
156,160
*564
28,437
73,669
27,370
538,748
*100,614
459,597
491,579
Hunting and trapping........................................................................................................................
*5,131
*191,091
--
*921
*1,561
*1,012
*31,323
Support activities for agriculture and forestry........................................................................................................................
99,290
3,619,505
99,021
17,285
40,256
34,173
644,369
941,716
Mining........................................................................................................................
78,609
4,399,347
*30,245
310,433
17,137
22,718
42,815
184,190
1,313,837
Oil and gas extraction........................................................................................................................
60,823
2,849,690
159,145
Coal mining........................................................................................................................
*33
*4,875
*105
4,709
--
20,245
--
13,812
*1
74,169
--
920,078
*303
Metal ore mining........................................................................................................................
**
**
**
**
**
**
**
Nonmetallic mineral mining and quarrying........................................................................................................................
**4,053
**482,215
**59,742
**6,497
**
**177
**21,883
**33,947
**69,592
Support activities for mining........................................................................................................................
13,700
1,062,567
91,441
Utilities........................................................................................................................
5,765
139,348
*5,968
*5,931
*1,750
*2,296
*2,651
7,119
*584
76,076
*2,084
323,864
25,476
Construction........................................................................................................................
1,889,207
147,764,155
4,946,321
939,913
847,317
965,095
20,373,879
31,457,464
Residential building construction........................................................................................................................
310,103
36,614,451
908,140
165,484
115,704
192,099
3,971,826
5,956,035
Nonresidential building construction........................................................................................................................
87,001
8,422,109
289,180
46,957
59,236
70,890
1,094,919
1,359,667
Heavy and civil engineering construction ........................................................................................................................
60,980
7,471,556
478,962
123,906
90,474
128,893
900,614
1,428,975
603,567
172,230
581,903
463,883
573,213
185,113
14,406,520
2,572,448
22,712,786
3,573,825
Specialty trade contractors........................................................................................................................
1,431,123
95,256,039
3,270,038
Manufacturing........................................................................................................................
205,279
19,898,393
728,355
Food manufacturing........................................................................................................................
13,595
2,670,512
57,420
6,130
69,286
11,344
194,610
266,509
Textile and textile product mills........................................................................................................................
*5,121
*325,133
*12,132
*234
--
*874
*9,582
*108,696
Apparel........................................................................................................................
15,158
803,081
26,078
*943
19,015
7,011
132,423
140,153
Leather and allied products........................................................................................................................
*3,398
*179,292
*6,795
Wood products........................................................................................................................
17,026
1,518,301
55,961
-26,773
*8,236
16,700
*1,362
20,563
*42,747
208,187
*29,627
208,655
Paper products........................................................................................................................
*1,083
*90,034
--
*4,140
--
*7,288
*27,445
Printing and related support activities........................................................................................................................
24,274
1,897,365
77,180
32,891
*234
62,099
23,183
236,361
297,999
Petroleum and coal products........................................................................................................................
*2,354
*2,506
--
--
Chemical manufacturing........................................................................................................................
7,584
318,107
*14,861
*153
Plastics, rubber, clay, refractory, and glass products........................................................................................................................
10,242
579,742
*15,976
*3,756
20
Interest paid
1,3
deduction
6,690,732
All nonfarm industries........................................................................................................................
13,750,798
871,015,286 25,432,022
20
Rent paid
on other
business
1
property
--
--
--
*2,422
*1,134
*7,318
*4,304
*27,806
*25,789
*86,895
67,832
88,089
142,123
Nonmetallic mineral products........................................................................................................................
8,934
875,998
*46,077
*9,395
*504
*6,671
*160,471
Primary metal industries........................................................................................................................
*2,126
*105,795
*4,076
*644
--
--
*3,962
*36,760
Fabricated metal products........................................................................................................................
19,772
2,893,919
123,052
29,276
81,310
24,162
450,006
373,917
Machinery........................................................................................................................
15,996
2,552,672
173,366
Computer and electronic products........................................................................................................................
*4,036
*157,699
*5,558
13,213
--
62,732
*4,110
28,331
*142
426,976
*16,894
474,210
*47,330
Electrical equipment, appliances, and components........................................................................................................................
9,593
936,431
13,504
*3,666
*14,308
*7,276
*99,779
263,514
Transportation equipment........................................................................................................................
6,362
660,350
*16,223
*4,902
*17,363
*4,077
*75,459
136,025
Furniture and related products........................................................................................................................
15,367
1,767,385
44,182
23,496
62,685
7,491
189,324
396,934
Medical equipment and supplies........................................................................................................................
3,475
342,270
*3,158
Other miscellaneous manufacturing........................................................................................................................
19,782
1,221,800
32,522
*7,743
*9,014
*12,388
20,556
*157
10,360
*31,011
174,684
156,725
308,859
Wholesale trade (merchant wholesalers)........................................................................................................................
209,627
31,092,450
391,448
135,578
283,355
151,641
842,037
5,315,422
Durable goods, including machinery, wood, metals, etc.........................................................................................................................
82,966
12,681,041
145,662
63,975
115,922
56,194
382,502
2,086,022
Nondurable goods, including food, fiber, chemicals, etc.........................................................................................................................
73,367
13,979,303
178,994
47,003
123,718
60,166
392,789
1,770,115
Wholesale electronic markets and agents and brokers........................................................................................................................
53,294
4,432,106
66,792
24,600
43,715
Retail trade........................................................................................................................
1,183,058
144,868,119
1,919,123
561,589
3,670,610
35,282
1,123,584
66,747
7,883,789
1,459,285
14,670,457
Motor vehicle and parts dealers........................................................................................................................
91,278
28,285,838
234,354
34,988
296,676
213,620
1,145,742
1,619,711
Furniture and home furnishing stores........................................................................................................................
33,080
5,078,659
75,769
13,908
211,502
51,671
438,837
612,732
Electronic and appliance stores........................................................................................................................
25,178
4,311,693
79,745
4,755
146,294
23,465
391,503
496,701
Building material and garden equipment and suppliers dealers........................................................................................................................
39,432
6,882,552
195,186
23,881
67,923
Food and beverage stores........................................................................................................................
75,462
26,102,214
244,071
61,583
631,636
89,451
149,867
627,117
1,449,755
736,883
1,559,003
910,696
Health and personal care stores........................................................................................................................
68,439
7,064,929
71,003
41,185
162,065
23,791
432,128
Gasoline stations........................................................................................................................
13,773
14,851,546
160,268
30,892
224,809
141,250
705,566
398,979
Clothing and accessories stores........................................................................................................................
66,051
9,610,975
87,446
120,991
604,968
52,864
704,524
1,361,738
Sporting goods, hobby, book, and music stores........................................................................................................................
67,725
6,618,263
95,857
13,686
General merchandise stores........................................................................................................................
18,320
2,901,729
34,790
*5,510
299,866
103,799
87,626
17,679
287,599
220,722
881,916
249,168
Miscellaneous store retailers........................................................................................................................
265,242
20,504,369
349,735
160,671
747,869
191,259
1,102,647
3,163,010
Nonstore retailers........................................................................................................................
419,079
12,655,352
49,539
173,204
81,041
377,647
2,679,920
Footnotes at end of table.
290,900
Sole Proprietorship Returns, 2002
Table 1.--Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net
Income, by Industrial Sectors Classified with the North American Industry Classification System-Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Businesses with net income
Industrial sector
Number
of returns
Business
receipts
(9)
(10)
Rent paid
Depreciation on machinery
1,2
deduction
and
1
equipment
(11)
Rent paid
on other
business
1
property
Interest paid
1,3
deduction
Payroll
1,4
Net income
(12)
(13)
(14)
(15)
(16)
Transportation and warehousing........................................................................................................................
759,115
44,998,421
3,525,373
1,400,941
445,014
848,879
2,766,575
9,594,520
Air and rail transportation........................................................................................................................
9,555
419,768
28,005
Water transportation........................................................................................................................
3,665
142,229
*2,678
General freight trucking, local........................................................................................................................
161,276
11,466,303
1,078,007
*3,253
*14
223,487
*8,350
*269
73,518
2,350
*1,554
220,540
*23,441
*2,071
1,111,339
122,554
86,279
2,373,358
General freight trucking, long-distance and specialized freight
trucking........................................................................................................................
252,976
22,296,418
Urban transit........................................................................................................................
*969
*23,778
583,410
*5,679
107,602
*24
487,189
--
1,053,228
*10,670
3,792,120
*656
Interurban and rural bus transportation........................................................................................................................
*1,946
*71,854
*9,401
-Taxi and limousine service........................................................................................................................
106,984
2,889,313
90,862
371,675
School, employee, and charter bus industry........................................................................................................................
13,977
645,021
69,326
*51,887
Other transit and ground passenger transportation........................................................................................................................
16,671
536,104
29,535
*4,051
-120,198
*3,676
*2,324
*2,576
51,116
*6,759
*19,762
*98
*35,739
*54,598
*38,505
*5,945
994,801
175,060
154,345
Pipeline transportation........................................................................................................................
**
**
**
Scenic and sightseeing transportation........................................................................................................................
**1,653
**197,165
**24,408
Support activities for transportation (including motor
**
**5,724
**
**5,879
**
**1,395
**
**39,985
**
**32,967
28,749
122,949
*63
99,707
67,830
30,390
*24,955
131,502
28,347
27,217
*74
39,501
185,221
206,022
*5,660
460,498
279,289
1,511,449
65,699
1,730,766
14,328
65,227
19,883
51,423
18,712
9,625
200,194
76,417
607,295
526,225
Broadcasting (except Internet) and telecommunications........................................................................................................................
16,134
747,579
36,470
*13,154
47,347
Internet publishing and broadcasting........................................................................................................................
5,318
145,004
*262
*89
*1,766
Internet service providers, web search portals, and
data processing........................................................................................................................
36,243
913,585
16,305
*6,908
11,083
*6,221
--
*30,911
*129
182,607
75,601
*4,944
152,847
339,038
Finance and insurance........................................................................................................................
458,193
47,782,386
742,659
271,043
1,138,597
Credit intermediation and related activities........................................................................................................................
60,152
4,168,227
118,133
22,336
55,087
Securities, commodity contracts, and other financial investments........................................................................................................................
81,380
17,364,043
113,438
51,012
232,779
258,731
23,261
76,421
2,992,034
178,516
455,960
18,000,755
1,595,418
3,951,082
4,610
25,918
*2,184
5,637
8,053
*6,216
32,561
46,331
*2,503
260,305
628,732
105,760
Securities and commodity exchanges........................................................................................................................
*176
*116,542
*9
*2,664
*(Z)
Other financial investment activities (investment advice)........................................................................................................................
62,354
13,354,322
93,954
42,020
200,067
Insurance agents, brokers, and related activities........................................................................................................................
316,661
26,250,115
511,088
197,694
850,731
*563
55,952
159,049
*3,161
371,404
2,357,558
*1,547
2,954,739
12,454,256
771,161
79,570
726,489
596,185
147,645
11,404
442,132
389,800
2,185,337
172,222
1,019,940
786,505
10,208,086
2,246,170
24,622,697
24,011,265
18,598
42,247
69,644
55,982
781,639
and appraisers........................................................................................................................
605,891
38,196,674
986,480
328,502
Other activities related to real estate........................................................................................................................
98,061
5,974,855
130,359
42,386
Rental and leasing services........................................................................................................................
31,704
3,165,968
493,079
62,967
503,193
50,744
130,304
263,657
56,499
52,332
631,419
99,104
233,435
20,730,702
2,498,923
611,433
Automotive equipment rental and leasing........................................................................................................................
7,148
399,968
96,725
*16,460
Consumer electronics and appliances rental........................................................................................................................
*152
*7,098
*1,154
-Formal wear and costume rental........................................................................................................................
-----
*13,467
*180
--
6,902
*436
--
*17,399
---
86,142
*821
--
Video tape and disc rental........................................................................................................................
5,366
726,430
105,456
*825
80,028
General rental centers and other consumer goods rental........................................................................................................................
7,710
835,449
69,983
*4,508
*22,440
Commercial and industrial machinery
and equipment rental and leasing........................................................................................................................
11,328
1,197,024
219,761
41,174
14,189
*9,731
6,714
84,206
73,165
81,275
134,738
1,990,922
--
vehicle towing)........................................................................................................................
27,123
1,415,428
102,803
Couriers and messengers........................................................................................................................
156,025
4,628,201
91,459
Warehousing and storage facilities........................................................................................................................
6,294
266,838
*7,967
Information........................................................................................................................
140,314
5,290,620
228,195
Publishing industries (except Internet)........................................................................................................................
47,453
1,864,522
59,158
Motion picture and sound recording........................................................................................................................
35,166
1,619,930
116,000
Investment bankers and securities dealers........................................................................................................................
4,641
1,254,486
7,760
*1,885
Securities brokers........................................................................................................................
12,094
2,351,312
10,627
4,133
Commodity contracts brokers and dealers........................................................................................................................
2,115
287,381
1,087
*310
Insurance agencies and brokerages........................................................................................................................
248,051
22,277,120
441,572
174,898
Other insurance related activities........................................................................................................................
68,610
3,972,996
69,516
22,796
Real estate and rental and leasing........................................................................................................................
758,224
49,025,678
1,678,958
452,453
Real estate........................................................................................................................
726,520
45,859,710
1,185,879
389,486
Lessors of real estate (including miniwarehouses and
self storage)........................................................................................................................
22,568
1,688,181
Offices of real estate agents, brokers, property managers,
69,039
28,549
58,665
308,457
Professional, scientific, and technical services........................................................................................................................
1,966,091 114,177,515
2,795,190
708,166
Legal services........................................................................................................................
292,060
32,394,696
478,633
183,997
Office of certified public accountants........................................................................................................................
39,963
3,464,588
116,195
25,710
2,766,322
1,296,675
174,092
709,512
205,459
48,766
9,116,498
3,236,012
526,208
53,156,697
14,951,921
1,440,995
Other accounting services........................................................................................................................
250,642
6,888,279
272,372
36,842
Architectural, engineering, and related services........................................................................................................................
199,965
12,657,305
419,190
109,157
Architectural services........................................................................................................................
75,568
6,190,365
225,994
70,549
209,597
204,958
117,328
85,767
70,239
44,832
706,119
1,738,344
1,076,009
3,046,759
4,597,500
1,535,252
Engineering services........................................................................................................................
71,077
4,560,237
121,761
29,690
52,179
Drafting, building inspections, and geophysical surveying........................................................................................................................
38,043
1,361,599
44,349
6,114
27,517
Surveying and mapping (except geophysical) services........................................................................................................................
14,063
453,697
21,821
*210
*4,234
Testing laboratories........................................................................................................................
*1,214
*91,407
*5,266
*2,595
*3,699
Specialized design services........................................................................................................................
116,763
5,674,487
147,803
26,504
98,607
12,261
10,832
*1,139
*1,173
20,893
450,389
145,059
*61,347
*5,540
230,176
2,189,877
647,570
190,378
*34,423
1,944,931
Footnotes at end of table.
21
Sole Proprietorship Returns, 2002
Table 1.--Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net
Income, by Industrial Sectors Classified with the North American Industry Classification System-Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Businesses with net income
Industrial sector
Number
of returns
Business
receipts
(9)
(10)
Rent paid
Depreciation on machinery
deduction 1,2
and
equipment 1
(11)
(12)
Rent paid
on other
business
property 1
Interest paid
deduction 1,3
Payroll
(13)
(14)
(15)
(16)
1,4
Net income
Professional, scientific, and technical service
22
--Continued
Computer systems design services........................................................................................................................
155,396
6,269,873
121,793
23,836
56,698
Other professional, scientific, and technical services........................................................................................................................
911,302
46,828,286
1,239,203
302,119
725,695
Management, scientific, and technical consulting services........................................................................................................................
473,378
23,727,961
556,208
136,750
299,518
Scientific research and development services........................................................................................................................
25,008
972,665
18,859
9,302
*5,045
Advertising and related services........................................................................................................................
82,491
4,872,770
85,304
34,084
79,588
Market research and public opinion polling........................................................................................................................
25,763
1,415,676
26,999
24,047
35,114
Other miscellaneous services........................................................................................................................
304,661
15,839,214
551,833
97,937
306,431
Administrative and support and waste management
and remediation services........................................................................................................................
1,395,546
38,818,344
1,483,739
318,978
445,883
Administrative and support services........................................................................................................................
1,378,122
37,704,327
1,399,994
306,586
433,146
12,494
265,894
113,758
*1,776
23,278
4,604
122,478
224,005
2,455,635
558,000
*40,908
287,148
108,757
1,460,823
3,672,335
23,502,256
14,636,878
597,468
1,734,936
621,698
5,911,276
256,918
229,468
4,094,704
3,999,890
14,205,261
13,987,597
Waste management and remediation services........................................................................................................................
17,424
1,114,017
83,745
*12,392
Educational services........................................................................................................................
306,372
4,367,573
176,474
33,842
12,736
194,461
27,450
12,148
94,814
216,304
217,664
2,163,001
Health care and social assistance........................................................................................................................
1,448,909
91,937,046
2,259,814
473,549
3,541,559
Ambulatory health care services........................................................................................................................
706,898
80,512,898
1,939,040
425,917
3,340,247
Offices of physicians (except mental health specialist)........................................................................................................................
160,449
28,311,025
497,822
147,745
982,954
Offices of physicians, mental health specialist........................................................................................................................
33,245
2,782,448
53,966
11,937
158,518
Offices of dentists........................................................................................................................
91,604
27,633,290
859,786
127,001
1,018,856
Offices of chiropractors........................................................................................................................
36,088
4,408,460
139,099
28,985
300,023
Offices of optometrists........................................................................................................................
8,335
2,556,239
71,266
26,027
156,882
Offices of mental health practitioners and social therapists........................................................................................................................
129,248
6,936,947
147,866
21,909
467,502
Offices of podiatrists........................................................................................................................
5,299
989,957
16,152
15,436
89,940
Outpatient care centers and
other miscellaneous health practitioners........................................................................................................................
75,171
2,554,231
62,126
19,985
85,701
735,678
609,362
124,127
14,763
319,312
49,138
31,067
27,395
*5,015
12,403,943
11,536,475
3,450,476
143,759
5,827,202
530,854
463,185
438,192
101,500
42,572,247
37,334,629
15,101,267
1,653,864
10,494,645
1,827,376
691,770
3,776,547
389,748
7,027
134,700
1,277,878
Medical and diagnostic laboratories........................................................................................................................
22,430
1,593,742
29,074
15,590
35,866
Home health care services........................................................................................................................
128,106
2,170,630
55,091
10,963
21,367
Other ambulatory health care services
(including ambulance services, blood and organ banks)........................................................................................................................
16,921
575,931
6,790
*339
22,638
Hospitals…………….........................................................................................................................
10,994
225,178
*874
*2
-Nursing and residential care facilities........................................................................................................................
41,689
1,732,952
46,463
11,022
25,857
Social assistance……………..........................................................................................................................
108,068
1,844,914
45,337
4,981
71,426
Child day care services........................................................................................................................
581,261
7,621,105
228,102
31,626
104,028
Arts, entertainment, and recreation........................................................................................................................
620,435
18,732,118
715,905
109,578
401,042
Performing arts, spectator sports, and related industries........................................................................................................................
526,946
15,683,930
557,760
65,740
318,652
Museums, historical sites, and similar institutions........................................................................................................................
*2,602
*82,233
*436
*1,186
-Amusement, gambling, and recreation industries........................................................................................................................
90,888
2,965,955
157,710
42,652
82,389
Accommodation, food services, and drinking places........................................................................................................................
230,000
27,720,278
840,245
195,112
1,478,189
15,037
12,683
220,063
141,428
647,316
1,188,813
*3,798
*1,182
79,909
3,585
41,640
93,104
66,937
-26,167
519,155
85,116
*895
307,072
140,147
419,354
699,906
461,467
*761
237,679
4,605,451
285,403
155,696
492,934
940,771
3,648,219
8,461,610
7,663,116
*60,414
738,079
3,178,687
274,693
445,521
628,977
225,513
*17,077
32,103
244,461
676,895
243,356
108,711
102,735
294,749
*32,795
117,977
4,159,929
6,666,981
2,873,856
1,532,593
1,043,293
359,992
98,947
170,038
2,549,710
17,736,439
3,150,227
1,455,619
1,209,838
31,911
133,343
297,969
1,163,154
484,769
3,783,312
Accommodation…………..........................................................................................................................
35,145
3,318,333
265,373
9,882
66,713
Travel accommodation (including hotels, motels, and bed
and breakfast inns)………………........................................................................................................................
16,137
2,179,462
177,481
7,937
32,278
RV (recreational vehicle) parks and recreational camps........................................................................................................................
6,211
500,953
63,303
*922
*7,418
Rooming and boarding houses........................................................................................................................
12,796
637,918
24,589
*1,023
*27,017
Food services and drinking places........................................................................................................................
194,856
24,401,945
574,872
185,230
1,411,476
Other services........................................................................................................................
1,524,049
63,080,306
1,926,131
651,148
3,809,915
Auto repair and maintenance........................................................................................................................
223,348
19,751,510
674,701
178,213
612,601
Automotive mechanical and electrical repair and maintenance........................................................................................................................
111,138
10,073,526
306,182
99,973
274,174
Automotive body shops........................................................................................................................
73,464
7,031,067
270,228
59,131
176,522
Other auto repair and maintenance (including oil change,
lubrication, and car washes)........................................................................................................................
38,746
2,646,917
98,290
19,110
161,905
Miscellaneous repairs........................................................................................................................
333,615
13,731,215
428,358
96,355
332,221
22
Personal and laundry services........................................................................................................................
967,086
29,597,580
823,073
376,580
2,865,092
300,196
2,629,971
10,802,901
Religious, grantmaking, civic, professional
and similar organizations........................................................................................................................
188,743
2,847,114
52,317
*10,784
*16,867
*468
*9,324
1,964,550
Unclassified establishments........................................................................................................................
185,611
3,423,915
47,149
26,918
59,869
*3,996
223,336
1,529,579
* Estimate should be used with caution because of the small number of sample returns on which it is based.
** Data combined to prevent disclosure of information for specific taxpayers.
¹ Excludes amounts reported on Schedule C-EZ filed by certain small businesses not required to itemize their business deductions. Therefore, totals shown may be slightly
understated.
² Includes depreciation claimed on Form 8829.
³ Interest paid is the sum of mortgage interest and other interest paid on business indebtedness.
4
Payroll is the sum of salaries and wages plus the cost of labor reported as part of cost of sales and operations.
(Z) Less than $500.
NOTE: Detail may not add to totals because of rounding.
Sole Proprietorship Returns, 2002
Table 2.--Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors Classified with the
North American Industry Classification System
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Agriculture, forestry, hunting, and fishing
Animal
All
Net income status, item
nonfarm
production
and logging
(including
(including forest
breeding
nurseries,
of cats and
timber tracts)
Total
industries
Mining
Forestry
Support
Hunting
Fishing
activities
and
for
trapping
agriculture
Total
and forestry
dogs)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
BUSINESSES WITH AND
WITHOUT NET INCOME
Number of returns ¹.......................................................................................................................
18,925,517
304,757
40,892
46,890
79,543
6,763
130,668
109,851
Business receipts, total ¹.......................................................................................................................
1,029,691,760
14,795,915
1,109,069
5,746,918
2,094,768
304,252
5,540,909
6,332,751
Income from sales and operations ¹.......................................................................................................................
1,015,363,541
14,500,031
1,070,375
5,664,956
6,076,594
2,036,959
304,056
5,423,684
81,962
57,809
*196
117,224
256,157
.......................................................................................................................
808,900,651
14,093,746
1,498,557
5,536,140
1,810,636
310,932
4,937,482
5,851,678
Cost of sales and operations, total.......................................................................................................................
351,785,009
4,766,708
380,215
2,137,270
Other business income.......................................................................................................................
14,328,219
295,885
38,694
Business deductions, total
1,2
333,624
48,042
1,867,557
1,092,758
Inventory, beginning of year.......................................................................................................................
34,291,721
377,581
82,852
132,886
*15,896
*28,218
117,728
107,009
Cost of labor.......................................................................................................................
30,389,028
376,932
*37,217
147,965
*120,156
*206
71,389
81,153
239,556
1,345,472
152,929
*10,243
1,682,939
367,806
Materials and supplies.......................................................................................................................
45,589,230
337,608
27,249
144,926
*33,419
*13,092
118,923
94,962
Other costs.......................................................................................................................
50,709,060
699,340
47,879
527,641
*26,609
*23,132
74,079
568,522
Inventory, end of year.......................................................................................................................
36,279,786
455,892
54,540
161,619
*15,385
*26,848
197,500
126,694
Advertising expenses.......................................................................................................................
11,237,979
87,038
10,933
11,372
13,197
8,455
43,082
16,182
Bad debts from sales or services.......................................................................................................................
1,055,722
9,741
*6,025
*1,539
--
*44
2,133
1,760
144,367
110,525
32,676
348,094
262,544
8,978
79,897
*11,939
*264
48,616
5,378
*91
*22,675
--
--
*14
364,176
193,335
580,246
342,427
54,778
268,303
551,091
5,967
*44
*460
4,422
7,999
173,844
50,271
8,348
100,498
94,117
Legal and professional services.......................................................................................................................
8,365,930
89,351
14,249
30,396
15,074
1,093
28,539
90,774
Meals and entertainment deducted.......................................................................................................................
5,088,083
47,414
3,984
8,467
19,953
1,142
13,867
23,322
Mortgage interest.......................................................................................................................
5,006,864
94,349
14,941
15,225
*2,689
21,961
18,509
Other interest paid on business indebtedness.......................................................................................................................
6,432,675
165,701
14,706
77,763
27,873
*1,786
43,572
129,605
Office expenses.......................................................................................................................
11,331,733
53,272
14,952
12,715
5,037
1,752
18,815
40,334
Pension and profit-sharing plans.......................................................................................................................
1,085,247
3,040
*26
2,689
--
--
*325
2,393
Rent on machinery and equipment.......................................................................................................................
8,543,257
144,534
2,305
113,379
*663
*873
27,314
39,256
Rent on other business property.......................................................................................................................
26,311,497
199,992
21,933
22,061
40,167
47,919
67,911
44,414
Repairs.......................................................................................................................
12,669,141
529,282
93,357
9,300
123,374
108,673
259,740
Purchases.......................................................................................................................
227,085,757
3,431,139
Car and truck expenses.......................................................................................................................
50,489,359
706,023
70,361
Commissions.......................................................................................................................
14,066,786
149,694
Depletion.......................................................................................................................
461,938
*22,780
Depreciation.......................................................................................................................
36,642,027
1,439,088
Employee benefit programs.......................................................................................................................
2,284,368
12,593
1,699
Insurance.......................................................................................................................
16,004,335
358,245
25,284
39,533
26,997
276,255
Salaries and wages.......................................................................................................................
66,067,965
1,391,536
65,986
556,323
*19,163
*8,315
741,750
Supplies.......................................................................................................................
24,615,763
446,091
56,208
83,220
108,720
9,221
188,722
67,536
Taxes paid.......................................................................................................................
14,901,431
265,078
10,846
88,857
51,020
4,294
110,062
175,863
Travel.......................................................................................................................
9,110,193
104,706
19,391
14,737
39,037
2,279
29,261
45,587
Utilities.......................................................................................................................
20,674,727
200,570
27,425
55,027
25,399
9,464
83,255
72,724
987,918
Other business deductions.......................................................................................................................
96,803,750
2,757,884
504,583
477,644
55,498
732,241
2,320,132
6,164
*7,554
*1,350
14,388
8,355
*710
*10
--
*2,923
*210
210,816
286,388
-6,441
629,753
501,591
95,349
459,597
491,579
*31,323
941,716
1,313,837
480,101
248,781
205,192
37,764
311,962
812,246
Home office business deductions.......................................................................................................................
6,474,145
32,559
*3,103
Depreciation, Form 8829.......................................................................................................................
691,574
5,100
*1,457
Net income less deficit
Net income
1,2
1,2
.......................................................................................................................
221,113,286
735,764
-384,751
.......................................................................................................................
257,292,855
2,019,565
Deficit ².......................................................................................................................
36,179,568
1,283,800
Footnotes at end of table.
23
Sole Proprietorship Returns, 2002
Table 2.--Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors Classified with the
North American Industry Classification System--Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Agriculture, forestry, hunting, and fishing
Animal
All
Net income status, item
nonfarm
production
and logging
(including
(including forest
breeding
nurseries,
of cats and
timber tracts)
Total
industries
Mining
Forestry
Support
Hunting
Fishing
activities
and
for
trapping
agriculture
Total
and forestry
dogs)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
BUSINESSES WITH NET INCOME
Number of returns ¹.......................................................................................................................
13,750,798
197,650
10,209
32,879
50,141
*5,131
99,290
78,609
Business receipts, total ¹.......................................................................................................................
871,015,286
10,652,161
684,203
4,506,913
1,650,449
*191,091
3,619,505
4,399,347
Income from sales and operations ¹.......................................................................................................................
859,140,658
10,530,203
663,168
4,498,751
4,246,338
1,606,181
*191,075
3,571,028
8,162
44,268
*17
48,477
153,009
.......................................................................................................................
613,750,692
8,636,641
589,108
4,047,316
1,158,869
*159,769
2,681,579
3,085,652
Other business income.......................................................................................................................
11,874,628
121,958
*21,035
Business deductions, total
1,2
Cost of sales and operations.......................................................................................................................
266,914,262
2,940,721
268,531
1,606,676
292,397
*33,389
739,728
461,684
Inventory, beginning of year.......................................................................................................................
22,226,807
140,601
*33,461
60,596
*12,316
*1,592
*32,637
38,135
Cost of labor.......................................................................................................................
24,470,287
284,869
*28,408
105,063
*94,060
--
*57,337
*6,209
Purchases.......................................................................................................................
170,747,427
1,781,962
*199,060
886,159
*143,841
--
552,902
200,226
Materials and supplies.......................................................................................................................
38,242,474
274,379
*11,919
136,727
*28,342
*10,220
87,171
80,684
Other costs.......................................................................................................................
34,622,827
610,825
*25,205
484,538
*26,431
*22,809
51,841
189,349
Inventory, end of year.......................................................................................................................
23,395,560
151,915
*29,523
66,407
*12,593
*1,232
42,159
52,919
Advertising expenses.......................................................................................................................
8,903,225
59,872
4,535
10,038
*10,700
*4,287
30,312
14,416
Bad debts from sales or services.......................................................................................................................
553,128
2,221
*8
*1,458
--
--
*755
*1,149
221,199
Car and truck expenses.......................................................................................................................
39,170,840
457,887
31,510
87,746
69,034
*16,140
253,457
Commissions.......................................................................................................................
11,409,424
77,142
*4,037
33,702
*811
*237
38,356
2,814
--
*4,941
--
--
--
223,208
30,187
341,913
156,160
*30,245
98,978
310,271
5,099
*44
--
2,144
4,836
130,904
26,587
*4,710
66,965
70,391
Depletion.......................................................................................................................
270,802
*4,941
Depreciation.......................................................................................................................
24,932,576
657,483
Employee benefit programs.......................................................................................................................
1,893,656
8,118
*830
24
Insurance.......................................................................................................................
12,683,647
239,569
10,403
12,157
7,653
*516
13,286
42,660
Meals and entertainment deducted.......................................................................................................................
4,018,436
38,483
*1,682
8,127
Legal and professional services.......................................................................................................................
6,232,016
41,986
8,374
16,669
*255
11,750
18,563
Mortgage interest.......................................................................................................................
3,080,081
46,923
*2,321
*11,110
*1,411
11,159
7,389
Other interest paid on business indebtedness.......................................................................................................................
4,126,863
94,071
*1,899
52,746
16,261
*150
23,014
35,426
Office expenses.......................................................................................................................
9,083,456
30,911
3,106
10,040
2,291
*574
14,899
29,315
Pension and profit-sharing plans.......................................................................................................................
1,037,867
2,746
--
2,689
--
--
*56
1,713
Rent on machinery and equipment.......................................................................................................................
6,690,732
110,318
*306
92,161
*564
--
17,285
17,137
Rent on other business property.......................................................................................................................
20,538,942
92,701
*8,187
14,899
28,437
*921
40,256
22,718
Repairs.......................................................................................................................
9,300,674
353,348
10,074
221,515
46,430
*5,425
69,903
82,659
Supplies.......................................................................................................................
19,142,196
269,294
6,212
58,456
54,108
*4,003
146,515
51,087
20,923
Salaries and wages.......................................................................................................................
54,018,128
1,069,624
*41,341
433,685
*6,553
*1,012
587,032
177,981
Taxes paid.......................................................................................................................
11,698,547
181,984
5,850
59,561
38,866
*2,721
74,986
110,448
Travel.......................................................................................................................
6,690,437
62,457
7,642
13,475
24,931
--
16,409
23,456
Utilities.......................................................................................................................
15,749,576
118,725
9,658
40,896
15,342
*3,944
48,884
51,887
774,042
Other business deductions.......................................................................................................................
69,162,757
1,642,463
132,414
324,342
*48,413
363,251
1,087,169
6,005
*6,858
*524
2,813
7,619
*699
--
--
*43
*162
459,597
491,579
*31,323
941,716
1,313,837
Home office business deductions.......................................................................................................................
5,091,336
16,200
-Depreciation, Form 8829.......................................................................................................................
499,446
*742
-1,2
Net income .......................................................................................................................
257,292,855
2,019,565
Returns with Schedule C-EZ:
95,349
*6
*3,794
*9,909
*966
34,418
15,318
Business receipts.......................................................................................................................
16,196,050
233,388
*518
Number of returns.......................................................................................................................
2,748,893
49,094
*10,082
*49,417
*2,898
170,473
149,206
Business deductions.......................................................................................................................
1,390,727
16,475
*2
*3,459
*2,721
*889
9,405
8,455
Net income.......................................................................................................................
14,805,323
216,913
*6,624
*46,695
*2,009
161,068
140,751
Footnotes at end of table.
24
*517
Sole Proprietorship Returns, 2002
Table 2.--Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors Classified with the
North American Industry Classification System--Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Mining--continued
Oil
Net income status, item
Construction
Metal
Nonmetallic
Support
and
Coal
ore
mineral
activities for
gas extraction
mining
mining
mining and
mining
Utilities
Total
(14)
(15)
quarrying
(9)
(10)
(11)
(12)
(13)
BUSINESSES WITH AND
WITHOUT NET INCOME
Number of returns ¹.......................................................................................................................
86,387
*377
*2,012
4,943
16,131
6,913
2,278,208
Business receipts, total ¹.......................................................................................................................
4,327,809
*166,733
*13,113
644,255
1,180,843
145,838
168,481,326
167,091,780
Income from sales and operations ¹.......................................................................................................................
4,082,483
*163,348
*13,113
637,748
1,179,903
144,678
--
6,507
*940
*1,160
1,389,546
.......................................................................................................................
4,152,938
*172,694
*28,590
617,757
879,699
160,900
140,389,630
Cost of sales and operations.......................................................................................................................
557,425
*144,877
*1,925
158,132
230,399
*22,375
77,065,734
Inventory, beginning of year.......................................................................................................................
71,237
*5,946
--
28,875
*951
--
3,153,599
Cost of labor.......................................................................................................................
*30,249
*12,670
*23,002
*15,232
--
15,426,172
Other business income.......................................................................................................................
245,326
*3,384
Business deductions, total
1,2
--
Purchases.......................................................................................................................
104,254
*43,945
--
68,014
*151,593
--
21,920,698
Materials and supplies.......................................................................................................................
651
*513
--
33,291
*60,506
*953
26,229,830
Other costs.......................................................................................................................
416,898
*84,470
*1,925
43,697
*21,532
*21,422
14,031,524
--
38,748
*19,415
--
3,696,089
*15
1,712
8,112
*328
885,615
*122
*75
--
130,461
Car and truck expenses.......................................................................................................................
174,115
*13
*5,534
27,760
55,123
*22,716
9,261,820
Commissions.......................................................................................................................
4,261
--
*1,115
--
*38,663
1,955,419
Inventory, end of year.......................................................................................................................
65,864
*2,666
Advertising expenses.......................................................................................................................
6,342
*(Z)
Bad debts from sales or services.......................................................................................................................
*1,562
--*2
Depletion.......................................................................................................................
353,615
*761
--
8,785
*1,016
*26
8,169
Depreciation.......................................................................................................................
330,022
*10,056
*781
95,716
114,516
27,680
6,437,681
Employee benefit programs.......................................................................................................................
4,647
*398
--
1,851
*1,104
*4
325,440
Insurance.......................................................................................................................
26,379
*1,487
20,705
44,913
*2,024
3,444,708
*633
Legal and professional services.......................................................................................................................
76,301
*418
*40
6,180
7,835
2,609
801,909
Meals and entertainment deducted.......................................................................................................................
9,082
*8
*1
1,269
12,961
*568
392,182
Mortgage interest.......................................................................................................................
8,906
--
*6,672
*2,932
*209
605,988
Other interest paid on business indebtedness.......................................................................................................................
98,478
*2,640
*13
22,309
--
*6,165
*6,159
809,465
Office expenses.......................................................................................................................
23,459
*48
872,184
1,795
15,027
*2,345
Pension and profit-sharing plans.......................................................................................................................
1,596
*95
*76
*6
*39
*587
--
72,181
Rent on machinery and equipment.......................................................................................................................
6,524
*1,308
*7,545
15,946
*7,933
*1,763
1,165,225
Rent on other business property.......................................................................................................................
38,346
*370
*5
1,289
4,404
*2,664
1,033,265
Repairs.......................................................................................................................
25,882
*327
*1,540
31,461
49,462
*1,900
1,654,363
Salaries and wages.......................................................................................................................
131,240
*2,043
*5,408
43,405
77,644
*2,112
9,497,382
Supplies.......................................................................................................................
21,418
*79
*1,799
4,618
39,623
*3,262
5,537,881
Taxes paid.......................................................................................................................
133,823
*495
*754
15,997
24,794
*741
1,774,015
Travel.......................................................................................................................
31,040
*33
*54
3,053
11,408
2,908
533,304
Utilities.......................................................................................................................
27,720
*27
*72
10,647
34,258
3,773
2,038,429
Other business deductions.......................................................................................................................
2,049,203
*7,213
*2,389
136,826
124,502
14,146
13,252,795
Home office business deductions.......................................................................................................................
3,682
---
*16
*4,657
*423
689,264
Depreciation, Form 8829.......................................................................................................................
*208
---
*2
--
*148
50,861
26,498
301,144
-15,063
28,091,981
*15
69,577
323,864
25,476
31,457,464
*15,492
43,080
*22,720
*40,539
3,365,483
Net income less deficit
1,2
.......................................................................................................................
195,389
*-5,962
*-15,478
Net income 1,2 .......................................................................................................................
920,078
*303
Deficit ².......................................................................................................................
724,689
*6,265
Footnotes at end of table.
25
Sole Proprietorship Returns, 2002
Table 2.--Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors Classified with the
North American Industry Classification System--Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Mining--continued
Oil
Net income status, item
Construction
Metal
Nonmetallic
Support
and
Coal
ore
mineral
activities for
gas extraction
mining
mining
mining and
mining
Utilities
Total
(14)
(15)
quarrying
(9)
(10)
(11)
(12)
(13)
BUSINESSES WITH NET INCOME
Number of returns ¹.......................................................................................................................
60,823
*33
**
**4,053
13,700
5,765
1,889,207
Business receipts, total ¹.......................................................................................................................
2,849,690
*4,875
**
**482,215
1,062,567
139,348
147,764,155
146,557,603
Income from sales and operations ¹.......................................................................................................................
2,703,178
*4,875
**
**476,611
1,061,674
138,553
**
**5,604
*893
*795
1,206,552
.......................................................................................................................
1,929,754
*4,572
**
**412,623
738,703
113,872
116,306,918
Cost of sales and operations.......................................................................................................................
182,966
-**
**77,295
201,423
*21,996
64,993,819
Inventory, beginning of year.......................................................................................................................
*11,288
-**
**25,896
*951
--
2,032,610
Cost of labor.......................................................................................................................
*3,358
--
**2,832
*19
--
12,596,462
Other business income.......................................................................................................................
146,513
-Business deductions, total
1,2
**
Purchases.......................................................................................................................
15,282
--
**
**33,362
*151,582
--
18,618,204
Materials and supplies.......................................................................................................................
*378
--
**
**19,800
*60,506
*953
22,872,977
Other costs.......................................................................................................................
162,778
--
**
**18,970
*7,781
*21,043
11,391,673
Inventory, end of year.......................................................................................................................
*10,118
--
**
**23,386
*19,415
--
2,518,107
**
**858
8,089
*322
681,661
**81
*35
--
88,209
**18,526
52,957
*19,695
7,935,402
1,619,327
Advertising expenses.......................................................................................................................
5,468
*(Z)
Bad debts from sales or services.......................................................................................................................
*1,033
-**
26
Car and truck expenses.......................................................................................................................
149,716
*(Z)
**
Commissions.......................................................................................................................
2,341
--
**
**473
--
*38,655
Depletion.......................................................................................................................
213,810
*329
**
*'*8,100
*970
*26
*1,966
Depreciation.......................................................................................................................
158,986
*105
**
**59,739
91,441
*5,968
4,906,629
Employee benefit programs.......................................................................................................................
2,336
-**
**1,399
*1,101
*4
256,061
Insurance.......................................................................................................................
16,991
*15
**15,255
38,129
*1,011
2,795,918
617,707
**
Legal and professional services.......................................................................................................................
33,208
*87
**
**2,993
6,372
*545
Meals and entertainment deducted.......................................................................................................................
6,048
*(Z)
**
**1,255
11,258
*521
334,163
Mortgage interest.......................................................................................................................
1,137
--
**5,032
*1,220
*209
402,726
**
Other interest paid on business indebtedness.......................................................................................................................
12,675
*1
**
**16,851
*5,899
*375
562,368
Office expenses.......................................................................................................................
15,722
--
**489
13,104
*2,298
704,262
Pension and profit-sharing plans.......................................................................................................................
1,051
-**
**76
*587
--
66,245
Rent on machinery and equipment.......................................................................................................................
4,709
-**
**6,497
*5,931
*1,750
939,913
**177
*2,296
*2,651
847,317
**26,654
40,590
*1,217
1,279,213
**
Rent on other business property.......................................................................................................................
20,245
-**
Repairs..................................................................................
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