Sole Proprietorship Returns, 2008

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by Adrian Dungan

or Tax Year 2008, there were approximately

22.6 million individual income tax returns that

reported nonfarm sole proprietorship activity, a

2.2-percent decrease from 2007. Profits reported on

these returns fell to $264.5 billion in 2008, a 5.7-percent decrease from 2007. In constant dollars, total

nonfarm sole proprietorship profits decreased for the

third consecutive year, by 7.7 percent, after decreasing 1.8 in 2007 and 0.4 percent in 2006. Among

all industrial sectors, the real estate and rental and

leasing sector experienced the most significant

downturn in both profits and receipts from Tax Year

2007 to 2008. Profits in the real estate and rental

and leasing sector, which had decreased by 18.5 percent in 2006 and 17.7 percent in 2007, experienced

an even steeper drop of 36.1 percent in 2008.1 In

current dollar terms, these profits fell from $22.3

billion in 2007 to $14.3 billion in 2008. However,

not all industrial sectors reported declines in profits

for 2008. The professional, scientific, and technical services sector, which represented 28.1 percent

of total sole proprietorship profits at $74.3 billion,

had the largest profits of any sector, increasing 3.8

percent from 2007. Reporting the second largest

profits of any sector was the health care and social

assistance sector, with 18.0 percent of total profits, at

$47.5 billion. This sector also had increased profits

of 3.2 percent.

For the second year in a row, the real estate

and rental and leasing sector reported the largest

percentage decrease in receipts, dropping from

$71.0 billion in 2007 to $58.1 billion in 2008, an

18.2-percent decrease that was more than double its

Adrian Dungan is an economist with the Individual Returns Analysis Section. This article was prepared under

the direction of Jeff Hartzok, Chief.

8.0-percent decrease in 2007. For sole proprietorships as a whole, receipts decreased 0.5 percent,

and deductions increased 0.9 percent. Among all

industrial sectors, the construction sector reported

the largest percentage of total business receipts, with

15.7 percent, while the retail trade sector reported

the largest percentage of total business deductions,

with 17.9 percent. The construction sector reported

a 10.5-percent decrease in receipts and a 9.0-percent

decrease in deductions, while the retail trade sector had small decreases in r eceipts (1.0 percent) and

deductions (0.3 percent). Although not among the

larger of the industrial sectors, the finance and insurance sector reported the largest percentage increase

in both receipts and deductions, with a 19.5-percent

increase in business receipts and a 27.8-percent increase in deductions.

Returns and Receipts

The number of individual income tax returns reporting nonfarm sole proprietorship activity for 2008

decreased 2.2 percent to more than 22.6 million

(Figure A).2 The largest sector in terms of number

of returns��

was the professional, scientific, and technical services sector. This sector decreased by 0.5

percent to just more than 3.2 million returns. The

construction sector, which was the second largest

sector, had roughly 2.8 million returns, a decrease of

3.7 percent. The only two sectors that experienced

increases in the number of returns were administrative, support, waste management, and remediation

services (2.3 percent) and arts, entertainment, and

recreation (5.0 percent).

Total business receipts (the sum of “income from

sales and operations” and “other business income”)

for all nonfarm sole proprietorship industries decreased 0.5 percent, from $1,324.4 billion to $1,317.4

1 Dungan, Adrian, “Sole Proprietorship Returns, 2007,” Statistics of Income Bulletin, Summer 2009, Volume 29, Number 1, pp. 5–66.

Profits in the real estate and rental

and leasing sector decreased from $27.2 billion in 2006 to $22.3 billion in 2007.

2 For 2008, the 22,614,483 nonfarm sole proprietorship returns accounted for an estimated 25,208,343 nonfarm 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 2008. 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 diverge somewhat from those appearing in NAICS, the definitions are consistent.

The North American Industry Classification System for industrial coding was introduced in Tax Year 1998. Due to coding changes, comparisons between data by industries for

1998 to 2008 and 1997 and prior years may show inconsistencies. A reason for this was that several types of sole proprietorships under NAICS were classified 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) codes as one industry, while the group has been split into two industrial sectors under NAICS. The industrial sectors based on NAICS codes are reported in

Tables 1 and 2.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Figure A

Nonfarm Sole Proprietorship Returns, Receipts, and Deductions, by Selected Industrial Sectors,

Tax Years 2007 and 2008

[Number of returns is in thousands—money amounts are in billions of dollars]

Number of returns

Industrial sector

All nonfarm industries

Construction

Specialty trade contractors

Wholesale trade (merchant wholesalers)

Retail trade

Transportation and warehousing

Finance and insurance

Real estate and rental and leasing

Real estate

Professional, scientific, and technical services

Administrative and support and waste

management and remediation services

Health care and social assistance

Child day care services

Arts, entertainment, and recreation

Performing arts, spectator sports,

and related industries

Other services

Personal and laundry services

All other industries

2007

2008

Total business receipts

Percentage

increase

2007

2008

Percentage

increase

Total business deductions [1]

2007

2008

Percentage

increase

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

23,122.7

2,931.1

2,347.4

340.4

2,436.3

1,154.8

726.0

1,393.4

1,336.8

3,234.5

22,614.5

2,821.7

2,263.3

325.5

2,275.5

1,047.7

693.1

1,278.9

1,217.1

3,218.9

-2.2

-3.7

-3.6

-4.4

-6.6

-9.3

-4.5

-8.2

-9.0

-0.5

1,324.4

230.8

159.7

50.4

198.9

82.1

94.0

71.0

66.9

169.3

1,317.4

206.7

143.1

52.3

196.8

81.1

112.3

58.1

52.9

172.0

-0.5

-10.5

-10.4

3.8

-1.0

-1.3

19.5

-18.2

-21.0

1.6

1,044.3

195.2

131.9

45.6

189.5

71.2

73.8

48.7

44.8

97.8

1,053.7

177.6

119.4

48.3

188.9

71.8

94.3

43.9

38.7

97.8

0.9

-9.0

-9.5

5.7

-0.3

0.8

27.8

-9.9

-13.5

0.1

2,251.0

2,016.4

797.9

1,283.3

2,302.8

1,998.3

788.4

1,347.8

2.3

-0.9

-1.2

5.0

60.3

115.5

12.5

31.0

61.4

118.6

13.2

33.1

1.8

2.7

6.1

6.6

43.9

69.5

7.9

23.5

44.5

71.1

8.3

25.1

1.3

2.4

5.1

7.1

1,068.0

1,094.0

2.4

23.9

24.6

2.8

16.5

17.1

3.2

2,416.2

1,583.3

2,939.2

2,360.1

1,597.9

2,944.3

-2.3

0.9

0.2

84.8

43.6

136.2

83.0

42.9

141.9

-2.1

-1.4

4.2

65.6

30.8

120.1

64.9

29.8

125.6

-1.1

-3.3

4.6

[1] Total business deductions are calculated before subtraction of nonallowable "passive" activity losses and any "passive loss" carryover from prior years.

NOTES: Detail may not add to totals because of rounding. Percentage increases were calculated before rounding.

billion.3 The construction sector was the largest sector in terms of business receipts and accounted for

15.7 percent of total business receipts in 2008. Its

receipts decreased by 10.5 percent, dropping even

more steeply than last year’s 2.4 percent decline.

This comes after the 11.9-percent and 6.5-percent

increases in 2005 and 2006, respectively. The retail

trade sector, the second largest sector in terms of

business receipts, was also down in total receipts,

declining 1.0 percent from 2007 levels. The two

industries with the largest percentage increases in

business receipts were the finance and insurance

sector and the arts, entertainment, and recreation

sector. They grew by 19.5 percent and 6.6 percent,

respectively, providing a combined total increase of

$20.4 billion in business receipts. For all sectors,

total business receipts for nonfarm sole proprietor-

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 income on their individual income tax returns.

ships decreased by $7.0 billion in 2008. For the nonfarm industries experiencing a decline in business

receipts, the total decrease was $42.0 billion. The

construction sector, combined with the real estate,

rental, and leasing sector, accounted for $37.1 billion

of the decrease in business receipts, or 88.3 percent

of the aggregate decline. For the nonfarm industries

experiencing a rise in business receipts, the total

increase was $35.0 billion. The finance and insurance sector alone was responsible for 52.4 percent

of this increase. For the last 3 years, the real estate

and rental and leasing sector has shown the largest

percentage decrease in receipts. For Tax Years 2006

and 2007, receipts decreased 6.9 percent and 8.0

percent, respectively. For Tax Year 2008, the drop

in receipts was even more substantial, falling by 18.2

percent. In constant dollar terms, total business re-

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

ceipts for 2008 decreased 2.6 percent, after 5 straight

years of increases. (Figure B).4

Deductions

Total business deductions (“cost of sales and operations” plus business expenses, including expenses for

home office), in current dollars, increased 0.9 percent

from $1,044.3 billion for 2007 to $1,053.7 billion for

2008 (Figure A).5, 6 In addition to reporting the largest percentage increase in receipts, the finance and

insurance sector also reported the largest percentage increase in total business deductions with 27.8

percent. The largest sector in terms of total business

deductions, the retail trade sector, reported a 0.3-percent decrease in deductions. The second largest

sector, the construction sector, reported a decrease

Figure B

Nonfarm Sole Proprietorship Receipts, Deductions, and Profits, Tax Years 1988

1988–2008

2008

[Money amounts are in billions of dollars]

T t l business

Total

b i

receipts

i t

Tax year

Current

dollars

T t l business

Total

b i

deductions

d d ti

[1]

Constant dollars [2]

Percentage

Amount

increase

Current

dollars

N t income

Net

less

deficit

d fi it (profits)

( fit )

Constant dollars [2]

Percentage

Amount

increase

Current

dollars

Constant dollars [2]

Percentage

increase

Amount

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

1988

672 0

672.0

887 8

887.8

[3]

545 7

545.7

720 9

720.9

[3]

126 3

126.3

166 9

166.9

(9)

[3]

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

692.8

730.6

712.6

737.1

757.2

790.6

807.4

843.2

870.4

918.3

969 3

969.3

1 021 0

1,021.0

1 016 8

1,016.8

1 029 7

1,029.7

1 050 2

1,050.2

1 139 5

1,139.5

1 222 9

1,222.9

1,278.4

1 278 4

1,324.4

1,317.4

881.9

895.5

843.9

853.3

856.8

876.0

876.6

898.5

912.2

951.8

990 5

990.5

1 021 0

1,021.0

993 3

993.3

990 6

990.6

990 8

990.8

1 044 5

1,044.5

1 084 7

1,084.7

1,096.7

096 7

1,105.4

1,076.1

-0.7

1.5

-5.8

1.1

0.4

2.2

0.1

2.5

1.5

4.3

4.1

3.1

-2.7

-0.3

[4]

5.4

3.9

1.1

0.8

-2.6

560.2

589.2

571.2

583.1

600.8

623.8

638.1

666.5

683.9

716.2

761 4

761.4

806 4

806.4

799 6

799.6

808 9

808.9

820 2

820.2

892 4

892.4

953 4

953.4

1,001.1

001 1

1,044.3

1,053.7

713.1

722.1

676.4

675.0

679.7

691.2

692.8

710.1

716.7

742.3

778 0

778.0

806 4

806.4

781 1

781.1

778 2

778.2

773 8

773.8

818 0

818.0

845 7

845.7

858

858.8

871.6

860.7

-1.1

1.3

-6.3

-0.2

0.7

1.7

0.2

2.5

0.9

3.6

4.8

3.6

-3.1

-0.4

-0.6

5.7

3.4

1.6

1.5

-1.3

132.7

141.4

141.5

154.0

156.5

166.8

169.3

176.8

186.6

202.3

207 9

207.9

214 7

214.7

217 4

217.4

221 1

221.1

230 3

230.3

247 6

247.6

269 9

269.9

278

278.0

280.6

264.5

168.9

173.3

167.6

178.3

177.0

184.8

183.8

188.3

195.6

209.7

212 5

212.5

214 7

214.7

212 3

212.3

212 7

212.7

217 3

217.3

226 9

226.9

239 4

239.4

238

238.5

234.2

216.1

1.2

2.6

-3.3

6.4

-0.7

0.7

4.4

-0.6

0.6

2.5

3.9

7.2

1.3

1.1

-1.1

0.2

2.1

4.4

5.5

-0.4

-1.8

-7.7

[ ] Total business deductions are calculated before subtraction of nonallowable "passive"

[1]

activityy losses and anyy "passive

loss" carryover

from p

prior yyears. 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

off C

Currentt B

Business.

The d

deflator

fl t represents

t the

th annuall average off current-weighted

i ht d prices,

based

d on 2000 = 100.

100

[3] Not

N t calculated.

l l t d

[4] Less than 0.05

0 05 percent.

percent

NOTE: Percentage increases were calculated before rounding.

rounding

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. Indices used for this article were:

Year

1988

1989

1990

1991

1992

1993

Index

75.7

78.6

81.6

84.4

86.4

88.4

Year

1994

1995

1996

1997

1998

1999

Index

90.3

92.1

93.9

95.4

96.5

97.9

Year

2000

2001

2002

2003

2004

2005

Index

100.0

102.4

103.9

106.0

109.1

112.7

Year

2006

2007

2008

Index

116.6

119.8

122.4

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 C-EZ, Net Profit From Business). Salaries paid to owners are neither deducted as wages paid on Schedule C nor

included as wages received on the Form 1040. 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 the owner elects to claim these

taxes as a credit against U.S. income tax.

6 Business deductions include the 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 forward to the 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.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

in deductions of 9.0 percent. The largest decrease in

deductions was reported by the real estate and rental

and leasing sector, with deductions that dropped by

13.5 percent. When accounting for inflation, total

business deductions decreased 1.3 percent in 2008,

marking the first decrease in 5 years.

The cost of sales and operations, which represented 41.3 percent of total 2008 business deductions, increased 2.9 percent since 2007, to approximately $434.9 billion (Figure C). Total business

“expenses” (total business deductions minus the cost

of sales and operations) were $618.8 billion for 2008,

a 0.5-percent decrease since 2007. The main components of total business expenses are highlighted in

Figure D. The largest component was car and truck

expenses, accounting for 13.7 percent of the total.

For 2008, car and truck expenses totaled $85.1 billion, a 3.7-percent increase from 2007. Closely following car and truck expenses, accounting for 12.8

percent of total business expenses, was salaries and

wages, which decreased 0.3 percent from 2007 to

$79.1 billion. The next largest components were rent

Figure C

Components of Nonfarm Sole Proprietorship Business Deductions, Tax Years 2007 and 2008

[Money amounts are in millions of dollars]

Business deductions

Business deductions, total [1,2]

Cost of sales and operations

operations, total

IInventory,

beginning

i i off year

Cost of labor

Purchases

u c ases

Materials and supplies

Other costs

Inventory

Inventory, end of year

Business expenses

expenses, total [1]

Advertising

i i expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation [3]

Employee

benefit

fit programs

Home office business deductions [3]

[ ]

Depreciation, Form 8829

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage

iinterest

Other interest p

paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Salaries and wages

Supplies

Taxes paid

Travel

Utilities

Other business deductions

2007

2008

Percentage

increase

(3)

( )

((1))

(2)

( )

1,044,343.4

422 684 5

422,684.5

44 469 6

44,469.6

34 14 6

34,514.6

264,234.8

6 , 3 8

61,519.0

64,956.7

47 010 1

47,010.1

621 658 9

621,658.9

15 731 0

15,731.0

82,023.8

14,569.2

36,674.4

1 021 1

1,021.1

39 646 0

39,646.0

2 909 5

2,909.5

11,217.6

1,439.1

19,290.6

10,934.4

1,053,706.0

434 868 3

434,868.3

46 735 3

46,735.3

31,282.1

282 1

280,662.4

80,66

56,592.4

66,776.8

47 180 6

47,180.6

618 837 6

618,837.6

14,767.2

767 2

85,054.9

13,381.2

35,388.2

1 423 8

1,423.8

41 446 3

41,446.3

2 897 0

2,897.0

11,504.2

1,476.0

18,308.1

11,108.8

7,661.5

661 5

6 649 0

6,649.0

7,335.9

335 9

6 481 1

6,481.1

8,368.2

13,297.3

1,279.7

9 526 5

9,526.5

33 613 2

33,613.2

16 170 7

16,170.7

79,380.3

9 380 3

32,325.5

18,183.2

13,134.0

24 856 2

24,856.2

119 516 1

119,516.1

8,181.0

12,827.3

1,235.3

9 439 0

9,439.0

34 074 9

34,074.9

15 463 7

15,463.7

79,148.5

91 8

31,831.5

18,066.6

12,740.9

24 674 7

24,674.7

118 421 7

118,421.7

0.9

2.9

5.1

-9.4

6.2

-8.0

8.0

2.8

0.4

-0.5

-6.1

3.7

-8.2

8.2

-3.5

39 4

39.4

4.5

-0.4

2.6

-5.1

1.6

-4.2

-2.5

-2.2

-3.5

3.5

-3.5

-0 9

-0.9

1.4

-4.4

-0.3

-1.5

1.5

-0.6

0.6

-3 0

-3.0

-0.7

-0.9

[1] Includes

I l d returns

with

ith Schedule

S h d l C-EZ,

C EZ "Net

"N t Profit

P fit from

Business,"

B i

" attached.

tt h d B

Because only

l a ttotal

t l iis reported

t d ffor b

business

deductions

d ti

on S

Schedule

h d l C

C-EZ,

EZ th

the ttotals

t l

shown

i the

th statistics

t ti ti exceed

d the

th sum off the

th detailed

d t il d deductions;

d d ti

the

th detailed

d t il d deductions

d d ti

are, th

therefore,

slightly

li htl understated.

d t t d

[ ] Total business deductions are before subtraction of nonallowable "passive"

[2]

activityy losses and anyy "passive

loss" carryover

from the p

prior yyears.

[3] Depreciation claimed on Form 8829, "Expenses for Business Use of Your Home," is included in "home office business deductions" and excluded from

"depreciation"

i ti " shown

above.

NOTES: Detail may not add to totals because of rounding. Percentage increases were calculated before rounding.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Figure D

Nonfarm Sole Proprietorship Total Business Expenses by Type of Expenses, Tax Year 2008 [1]

Travel

2.1

Office expenses

2.1

Commissions

2.2

Total interest

2.4

Advertising expenses

2.4

Repairs

2.5

Taxes paid

2.9

Insurance

3.0

Utilities

4.0

Supplies

5.1

Contract labor

5.7

Depreciation [2]

6.7

Rent paid on machinery, equipment and other business property

7.0

Salaries and wages

12.8

Car and truck expenses

13.7

Other business deductions [3]

25.5

Percent of total

[1] Total business expenses equals all business deductions minus cost of sales and operations.

[2] Depreciation claimed on Form 8829, "Expenses for Business Use of Your Home," is included in "home office business deductions" and

excluded from "depreciation" shown above. See footnote 3.

[3] Includes depletion; employee benefit programs; legal and professional services; pension and profit-sharing plans; meals and entertainment;

home office; and other business deductions. Other business deductions also includes all Schedule C-EZ, "Net Profit from Business," deductions

($3.6 billion).

NOTES: Percents are based on an estimated total business expense of $618.8 billion. Detail may not add to 100 percent because of rounding.

on business property, machinery, and equipment (7.0

percent), and depreciation (6.7 percent). For 2008,

rent on business property, machinery, and equipment

expenses increased 0.9 percent to $43.5 billion, while

depreciation expenses rose 4.5 percent to $41.4 billion. Car and truck expenses showed the largest net

increase in share of business expenses, 0.5 percent,

up from 13.2 percent in 2007. Conversely, commissions and contract labor showed the largest net

decreases, 0.2 percent down from 2.3 percent and 5.9

percent, respectively, for 2007.

Historically, constant dollar depreciation increased every year from 1993 through 2003, with

the exception of 1995, when it decreased 1.9 percent

to $28.5 billion (Figure E).7 In 2003, under the

Jobs and Growth Tax Relief Reconciliation Act of

2003, the maximum allowable section 179 deduction (which allows expensing of investment property

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 179 deduction for all individuals (not just sole proprietors)

filing Form 4562, Depreciation and Amortization, increased 32.4 percent to $13.5 billion for 1993.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Figure E

Nonfarm Sole Proprietorship Net Income, Deficit, and Depreciation, Tax Years 1988–2008

[Money amounts are in billions of dollars]

Current dollars

Tax year

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

Constant dollars [1]

Net income

Deficit

Depreciation

[2]

(1)

145.5

152.4

161.7

162.4

173.5

177.0

187.8

191.7

200.1

210.5

226.2

233.4

245.2

250.2

257.3

269.1

290.5

314.8

326.8

335.1

325.3

(2)

19.2

19.7

20.2

20.9

19.5

20.5

21.0

22.5

23.4

23.8

23.9

25.5

30.5

32.8

36.2

38.8

42.9

44.8

48.7

54.5

60.8

(3)

26.1

24.5

23.7

23.1

23.3

25.0

26.2

27.4

28.6

29.1

30.6

32.2

33.4

36.6

41.8

42.9

39.1

39.0

39.6

41.4

Net income

(4)

192.2

194.0

198.2

192.3

200.8

200.3

208.1

208.2

213.2

220.6

234.5

238.5

245.2

244.4

247.5

253.9

266.3

279.2

280.3

279.7

265.7

Percentage increase in constant dollars [1]

Deficit

Depreciation

[2]

Net income

Deficit

Depreciation

[2]

(5)

25.4

25.1

24.8

22.6

23.2

23.3

24.4

24.9

25.0

24.8

26.0

30.5

32.0

34.8

36.6

39.3

39.8

41.8

45.5

49.6

(6)

34.5

31.2

29.0

27.4

27.0

28.3

29.0

28.5

29.2

30.0

30.2

31.3

32.2

32.7

35.3

39.4

39.3

34.7

33.5

33.1

33.9

(7)

[3]

0.9

2.2

-3.0

4.4

-0.3

3.9

[4]

2.4

3.4

6.3

1.7

2.8

-0.3

1.3

2.6

4.9

0.4

-0.2

-5.0

(8)

[3]

-1.1

-1.3

[4]

-8.8

2.8

0.3

4.8

2.1

0.3

-0.7

4.9

17.3

5.0

8.7

5.1

7.5

1.1

5.1

8.9

9.0

(9)

[3]

-9.6

-6.9

-5.8

-1.4

4.9

2.6

-1.9

2.4

2.9

0.7

3.7

2.8

1.4

8.0

11.7

-0.2

-11.8

-3.5

-1.1

2.3

[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] Not calculated.

[4] Less than 0.05 percent.

NOTE: Percentage increases were calculated before rounding.

in the year of the purchase instead of depreciating it over time) vaulted from $24,000 for 2002 to

$100,000 for 2003. The change led to constant dollar depreciation increasing by 11.7 percent for 2003,

which was the highest growth in depreciation of any

year between 1988 and 2008. But the initial jump in

depreciation was offset in subsequent years by trends

of decreased depreciation. From 2004 through

2007, constant dollar declines of depreciation were

witnessed for all 4 years. In 2004, constant dollar

depreciation deductions decreased by 0.2 percent,

marking the first drop in 9 years. This downward

trend was even more evident in 2005, as constant

dollar depreciation fell by 11.8 percent, followed by

Under the Jobs and Growth Tax Relief Reconciliation Act of 2003 the maximum amount of section 179 deduction (the amount of depreciable property that one can expense for the cost of certain qualifying property) increased from $24,000 for 2002 to $100,000 for 2003, $102,000 for 2004, $105,000 for 2005, and $108,000 for 2006. This

was further expanded to $125,000 for 2007 and $250,000 for 2008 through the Tax Increase Prevention and Reconciliation Act signed in May, 2006. For all individual tax

returns that filed Form 4562, Depreciation and Amortization, the section 179 property deducted as an expense increased by 5.1 percent to $49.8 billion for 2008. The Jobs

Creation and Worker Assistance Act of 2002 introduced 30-percent bonus depreciation and the Jobs and Growth Tax Relief Reconciliation Act of 2003 increased the bonus

percentage to 50 percent, for property placed in service by January 1, 2005. While bonus depreciation was available to sole proprietors, it was generally not as advantageous

as immediate expensing and therefore likely had less effect on their depreciation deductions.

9 The amount deducted as section 179 property on returns that had a Schedule C dropped 4.9 percent to $20.2 billion, from 2007 to 2008. This number does not reflect

depreciation solely deducted on the Schedule C, as this could also include depreciation taken on the Schedule E, Supplemental Income and Loss, the Schedule F, Profit or

Loss from Farming, and the Form 4835, Farm Rental Income and Expenses.

decreases of 3.5 percent and 1.1 percent in 2006 and

2007, respectively. During this same 4-year period,

section 179 limits gradually increased for inflation, from $102,000 in 2004, to $105,000 in 2005,

to $108,000 in 2006, finally rising to $125,000 in

2007.8, 9 In 2008, the section 179 limit was doubled

to $250,000, which contributed to a reversal in the

previous downward trend in depreciation and helped

to account for a 2.3-percent increase in constant dollar depreciation.

Beginning with Tax Year 1992, certain smaller

businesses could elect not to itemize depreciation

and other business deductions by filing the Schedule

C-EZ, Net Profit from Business, a simplified ver-

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

sion of Schedule C, Profit or Loss from Business.

(Schedule C and Schedule C-EZ are the source of

sole proprietorship statistics.) For Tax Year 2008,

taxpayers could use Schedule C-EZ if they: had business expenses of $5,000 or less; used the cash accounting method; had no inventories; did not report

a loss 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.

Figure F presents the numbers and percentages of nonfarm sole proprietorship returns filed on

Schedule C-EZ, by industrial sector. For Tax Year

2008, approximately 4.4 million taxpayers filed the

Schedule C-EZ, marking a 1.0-percent decrease from

the number filed for 2007. Of returns filed for 2008

in the administrative and support services sector (the

largest filers of this schedule), taxpayers filed nearly

0.7 million Schedule C-EZ returns, or 29.0 percent of

the total sole proprietorship returns for that sector.10

For 2008, business receipts from Schedule C-EZ filers totaled $31.9 billion, or 2.4 percent of total business receipts reported. Business deductions reported

on Schedule C-EZ returns accounted for only 0.3

percent of total business deductions for all industries,

or $3.6 billion of the total $1,053.7 billion. Despite

having the largest concentration of Schedule C-EZ

filers, deductions reported on the Schedule C-EZ

by the administrative and support services sector

accounted for only 1.2 percent of that sector’s total

business deductions.

Profits and Losses

For 2008, many of the largest principal industrial

sectors reported either significantly decreased or

modestly increased sole proprietorship profits (net

income less deficit). Figure B presents total profits

for all industries (in both current and constant dollars) since 1988, while Figure G presents profits by

Figure F

All Nonfarm Sole Proprietorship Returns and Those with Schedule C-EZ, by Selected Industrial

Sectors, Tax Year 2008

[Number of returns is in thousands, money amounts are in millions of dollars]

Industrial sector

Total

Number of returns

Total business receipts

With

Percentage

Schedule

C-EZ

total

C-EZ

total

Total

Total business deductions [1]

Total

Percentage

Schedule

C-EZ

total

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

All nonfarm industries

22,614.5

4,355.0

19.3

1,317,443.0

31,874.9

2.4

1,053,706.0

3,635.8

0.3

Construction

Wholesale trade (merchant wholesalers)

Retail trade

Transportation and warehousing

Finance and insurance

Real estate and rental and leasing

Professional, scientific, and technical services

Administrative and support and waste

management and remediation services

Health care and social assistance

Arts, entertainment, and recreation

Other services

All other industries

2,821.7

325.5

2,275.5

1,047.7

693.1

1,278.9

3,218.9

467.4

39.0

261.1

113.2

85.7

110.6

530.7

16.6

12.0

11.5

10.8

12.4

8.7

16.5

206,688.4

52,343.8

196,844.6

81,073.3

112,312.1

58,051.4

172,025.9

3,434.9

264.4

1,524.0

915.8

777.1

940.1

5,818.2

1.7

0.5

0.8

1.1

0.7

1.6

3.4

177,584.3

48,251.4

188,900.3

71,793.9

94,315.2

43,870.2

97,826.0

357.7

24.3

237.2

112.2

82.7

161.6

542.6

0.2

0.1

0.2

0.1

0.4

0.6

2,302.8

1,998.3

1,347.8

2,360.1

2,944.3

668.4

505.2

274.2

508.9

790.5

29.0

25.3

20.3

21.6

26.8

61,449.6

118,634.1

33,092.3

82,993.0

141,934.6

4,649.5

4,170.7

1,104.1

3,853.1

4,423.1

7.6

3.5

3.3

4.6

3.1

44,496.7

71,139.6

25,108.0

64,868.4

125,551.9

514.5

388.5

198.3

469.9

546.3

1.2

0.5

0.8

0.7

0.4

[1] Total business deductions are calculated before subtraction of nonallowable "passive" activity losses and any "passive loss" carryover from prior years.

NOTES: Certain smaller sole proprietorships could elect not to itemize business deductions by filing Schedule C-EZ, "Net Profit from Business." See the text of this article for a full list of

the requirements to be eligible to file Schedule C-EZ. Detail may not add to totals because of rounding. Percentages were calculated before rounding.

Based on NAICS, 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 make up a small percentage of the overall numbers reported under this classification, which are detailed in Table 1.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

industrial sector for 2007 and 2008.11 Total profits

decreased 5.7 percent from $280.6 billion for 2007 to

$264.5 billion for 2008. The professional, scientific,

and technical services sector, which had the highest

percentage of total profits of all nonfarm sole proprietorships with 28.1 percent, reported the highest

dollar increase in profits ($2.7 billion). A moderately

smaller sector, the health care and social assistance

sector, reported the second largest dollar increase

in profits for 2008 at $1.5 billion. One of the smallest sectors, the arts, entertainment, and recreation

sector, reported the largest percentage increase in

profits, with 6.5 percent. Interestingly, the real estate and rental and leasing sector, which reported

the largest percentage increase in profits for 2005

(19.4 percent), reported the largest decrease in profits for 2006, 2007, and 2008, with decreases of 18.5

percent, 17.7 percent, and 36.1 percent, respectively.

This sharp downward trend has caused the sector

to lose 57.2 percent of its profits in 2008 compared

with 2005. Some of the other sectors experienced

significant decreases in profit. Construction (-18.3

percent), retail trade (-15.6 percent), wholesale trade

(-14.5 percent), transportation and warehousing (-14.4

percent), and finance and insurance (-10.8 percent) all

had double digit decreases in profit.

In constant dollars, total profits decreased 7.7

percent for 2008, marking the largest single-year

decline during the 20-year period this article covers (Figure B). For the third straight year, profits

as a percentage of business receipts also decreased.

Figure H shows net income less deficits as a percentage of business receipts for 1988 through 2008. In

general, this percentage has increased slightly from

a low of 18.8 percent for 1988��

. Profits as a percentage of business receipts had remained between 20.7

percent and 22.1 percent since 1992, peaking at 22.1

percent in 2005. However, in 2008, the percentage

dropped out of that range, down to its current 20.1

percent. Figure E presents net income and deficit

separately for 1988 through 2008, in current and

constant dollars. For 2008, net income (in constant

dollars) decreased 5.0 percent, and net deficit (in constant dollars) increased by 9.0 percent.

Figure G

Nonfarm Sole Proprietorship Profits, by Selected Industrial Sectors, Tax Years 2007 and 2008

[Money amounts are in billions of dollars]

Net income less deficit (profits)

Industrial sector

2007

(1)

All nonfarm industries

Construction

Specialty trade contractors

Wholesale trade (merchant wholesalers)

Retail trade

Transportation and warehousing

Finance and insurance

Real estate and rental and leasing

Real estate

Professional, scientific, and technical services

Administrative and support and waste management

and remediation services

Health care and social assistance

Child day care services

Arts, entertainment, and recreation

Performing arts, spectator sports, and related industries

Other services

Personal and laundry services

All other industries

Percentage

increase

2008

(2)

(3)

280.6

35.7

27.9

4.8

9.5

11.0

20.2

22.3

22.2

71.6

264.5

29.2

23.7

4.1

8.0

9.4

18.0

14.3

14.1

74.3

-5.7

-18.3

-14.8

-14.5

-15.6

-14.4

-10.8

-36.1

-36.2

3.8

16.5

46.1

4.6

7.6

7.3

19.2

12.7

16.2

17.0

47.5

4.9

8.1

7.6

18.1

13.1

16.6

2.9

3.2

7.9

6.5

3.0

-5.8

3.0

2.6

NOTES: Detail may not add to totals because of rounding. Percentage increases were calculated before rounding.

11 Net income minus deficit (loss) before Federal income tax yields profits.

plus any other income.

Proprietors compute their tax on total “taxable income,” which includes their business profits

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Figure H

Nonfarm Sole Proprietorship Receipts, Deductions, and Profits, Tax Years 1988–2008

[Money amounts are in billions of dollars]

Total business receipts

Tax

year

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

Current

dollars

Total business deductions [1]

Constant

t t dollars

d ll

[2]

Amount

Percentage

increase

(1)

(2)

(3)

672.0

692.8

730.6

712.6

737.1

757 2

757.2

790 6

790.6

807 4

807.4

843 2

843.2

870 4

870.4

918 3

918.3

969 3

969.3

1,021.0

1,016.8

1,029.7

1,050.2

1,139.5

1,222.9

1 278 4

1,278.4

1 324 4

1,324.4

1 317 4

1,317.4

887.8

881.9

895.5

843.9

853.3

856 8

856.8

876 0

876.0

876 6

876.6

898 5

898.5

912 2

912.2

951 8

951.8

990

990.5

1 021 0

1,021.0

993.3

990.6

990.8

1,044.5

1,084.7

1 096 7

1,096.7

1 105 4

1,105.4

1 076 1

1,076.1

-0.7

0.7

1.5

-5.8

1.1

0.4

2.2

0.1

2.5

1.5

4.3

4.1

3.1

-2.7

2.7

-0.3

0.3

[3]

5.4

3.9

1.1

0.8

-2.6

Current

dollars

Constant

t t dollars

d ll

[2]

Net income less deficit (profits)

Current

dollars

Net income

less deficit as

a percent of

Percentage

b i

business

increase

receipts

i t

Constant

t t dollars

d ll

[2]

Amount

Percentage

increase

(4)

(5)

(6)

(7)

(8)

(9)

(10)

545.7

560.2

589.2

571.2

583.1

600 8

600.8

623 8

623.8

638 1

638.1

666 5

666.5

683 9

683.9

716 2

716.2

761.4

806.4

799.6

808.9

820.2

892.4

953.4

1,001.1

1 044 3

1,044.3

1 053 7

1,053.7

720.9

713.1

722.1

676.4

675.0

679 7

679.7

691 2

691.2

692 8

692.8

710 1

710.1

716 7

716.7

742 3

742.3

778.0

806.4

781.1

778.2

773.8

818.0

845 7

845.7

858 8

858.8

871 6

871.6

860 7

860.7

-1.1

1.1

1.3

-6.3

-0.2

0.7

1.7

0.2

2.5

0.9

3.6

4.8

3.6

-3.1

3.1

-0.4

0.4

-0.6

5.7

3.4

1.6

1.5

-1.3

126.3

132.7

141.4

141.5

154.0

156 5

156.5

166 8

166.8

169 3

169.3

176 8

176.8

186 6

186.6

202 3

202.3

20 9

207.9

214.7

217.4

221.1

230.3

247.6

269.9

278 0

278.0

280 6

280.6

264 5

264.5

166.9

168.9

173.3

167.6

178.3

177 0

177.0

184 8

184.8

183 8

183.8

188 3

188.3

195 6

195.6

209 7

209.7

212

212.5

214.7

212.3

212.7

217.3

226.9

239 4

239.4

238 5

238.5

234 2

234.2

216 1

216.1

1.2

2.6

-3.3

6.4

-0 7

-0.7

4.4

-0.6

2.5

3.9

7.2

1.3

1.1

-1.1

1.1

0.2

2.1

4.4

5.5

-0 4

-0.4

-1.8

-7.7

18.8

Amount

19.2

19.4

19.9

20 9

20.9

20 7

20.7

21 1

21.1

21 0

21.0

21 0

21.0

21 4

21.4

22 0

22.0

21.5

21.0

21.4

21.5

21.9

21.7

22 1

22.1

21 7

21.7

21 2

21.2

20 1

20.1

[1] Total business deductions are calculated before subtraction of nonallowable "passive"

passive activity losses and any "passive

passive loss

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

U.S.

S Department of Commerce

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.

[3] Less than 0.05

0 05 percent.

percent

NOTE: Percentage increases were calculated before rounding.

Industries

Using receipts as a measure of business size, Figures

A and I show that construction was the largest sole

proprietorship industrial sector for 2008, with 15.7

percent of all business receipts (the fifth year in a

row that this sector was largest). Total receipts for

the construction sector, at $206.7 billion, were 10.5

percent lower than the $230.8 billion reported for

2007, while deductions decreased by 9.0 percent,

resulting in an 18.3-percent decrease in profits, from

$35.7 billion to $29.2 billion (See Figure G). Besides

construction, three other major sectors, namely real

estate, retail trade, and transportation and warehousing, experienced a decline in business receipts for

2008. These declining sectors represented 41.2 percent of all nonfarm industry business receipts. The

second largest industrial sector was retail trade, with

receipts totaling $196.8 billion. This amount was

14.9 percent of all sole proprietorship receipts for

2008, representing a 1.0-percent decrease since 2007.

Deductions and profits also decreased in this sector,

by 0.3 percent and 15.6 percent, respectively. Retail

trade profits totaled $8.0 billion for 2008.

The third largest sector was professional, scientific, and technical services, which accounted for

13.1 percent of sole proprietorship receipts for 2008.

Receipts increased 1.6 percent to $172.0 billion, and

deductions remained virtually the same at $97.8

billion. Although this sector was just the third largest sector in terms of business receipts, the professional, scientific, and technical services sector had

the largest percentage of sole proprietorship profits,

with 28.1 percent (see Figure J). For 2008, the professional, scientific, and technical services sector’s

profits went from $71.6 billion to $74.3 billion, a

3.8-percent increase. The sector with the second

largest profits was health care and social assistance,

whose profits rose to $47.5 billion for 2008. This

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Figure I

Nonfarm Sole Proprietorship Total Business Receipts, by Selected Industrial Sectors, Tax Year 2008

Arts, entertainment, and recreation

2.5

Wholesale trade (merchant wholesalers)

4.0

Real estate and rental and leasing

4.4

Administrative and support and waste

management and remediation services

4.7

Transportation and warehousing

6.2

Other services

6.3

Finance and insurance

8.5

Health care and social assistance

9.0

All other industries

10.8

Professional, scientific, and technical services

13.1

Retail trade

14.9

Construction

15.7

Percent of total

NOTES: Percents are based on estimated total business receipts of $1.3 trillion. Detail may not add to 100 percent because of rounding.

marked a 3.2-percent increase from 2007 levels and

represented 18.0 percent of all sole proprietorship

profits. These sectors were followed by construction

(11.0 percent), other services (6.9 percent), and

finance and insurance (6.8 percent) in terms of

overall sole proprietor profits.

Tax Year 2001 is the first year in which data became available on the number of Limited Liability

Companies (LLC) among sole proprietorship returns.

LLC entities have the limited liability of corporations, but may be taxed as sole proprietorships—

income and expenses flow through to the owner to

be taxed—if they are owned by a single, individual

member. In 2001, there were approximately 126,000

sole proprietorship returns that indicated status as

an LLC (Figure K). This increased by 15.3 percent

for 2002, 51.3 percent for 2003, 40.4 percent for

2004, 47.2 percent for 2005, 33.2 percent for 2006,

23.1 percent for 2007, and 12.8 percent for 2008.

Increases in the actual number of LLCs also help to

illustrate the trend during the last few years. The

count of LLCs increased by approximately 146,000

for 2005, 151,000 for 2006, 140,000 for 2007, and

96,000 for 2008. This illustrates a tapering off of

newly formed LLCs within sole proprietorships. For

Tax Year 2008, the number of these sole proprietorships rose to approximately 843,000. This was a

12.8-percent increase since 2007, representing the

smallest percentage change within the observed

period. The 2008 level of LLCs among sole proprietorship returns accounts for 3.7 percent of the total

nonfarm sole proprietorships, with the total number

of returns with LLCs having increased nearly sevenfold since 2001.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Figure J

Nonfarm Sole Proprietorship Total Business Profits, by Selected Industrial Sectors, Tax Year 2008

Wholesale trade (merchant wholesalers)

1.6

Retail trade

3.0

Arts, entertainment, and recreation

3.0

Transportation and warehousing

3.5

Real estate and rental and leasing

5.4

All other industries

6.3

Administrative and support and waste

management and remediation services

6.4

Finance and insurance

6.8

Other services

6.9

Construction

11.0

Health care and social assistance

18.0

Professional, scientific, and technical services

28.1

Percent of total

NOTES: Percentages are based on estimated total business profits of $280.6 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.

Summary

Profits for the 22.6 million returns with sole proprietorship activity for Tax Year 2008 declined by

5.7 percent to a level of $264.5 billion. In constant

dollars, total nonfarm sole proprietorship profits decreased 7.7 percent, after decreasing 0.4 percent in

2006 and 1.8 percent in 2007. This was the first time

since before 1988 that sole proprietorship profits (in

constant dollars) had decreased for 3 consecutive

years. The professional, scientific, and technical

services sector had the largest profits of any sector, at

$74.3 billion, representing 28.1 percent of total sole

proprietorship profits, followed by the health care

and social assistance sector, at $47.5 billion or 18.0

percent of total profits. For all sole proprietorships,

receipts decreased 0.5 percent, while deductions increased 0.9 percent. The largest sole proprietorship

industrial sector, based on business receipts, was the

construction sector, accounting for 15.7 percent of receipts. This sector reported a 10.5-percent decrease

in 2008. The finance and insurance sector showed

the largest percentage increase in both receipts and

deductions, reporting a 19.5-percent increase in receipts and a 27.8-percent increase in deductions. After increasing in 2006 and 2007, filings of Schedules

C-EZ decreased 1.0 percent in 2008. The industrial

sector that experienced the most significant downturn

in both profits and receipts from Tax Year 2007 to

2008 was the real estate and rental and leasing sector.

After having the largest percentage decline in profits

in both 2006 (18.5 percent) and 2007 (17.7 percent),

the real estate and rental and leasing sector continued this trend, with a 36.1-percent drop in profits for

2008. Correspondingly, this sector continued to have

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Figure K

Number of Nonfarm Sole Proprietorships Registered as Limited Liability Companies (LLCs),

Tax Years 2001–2008

Tax year

2008

842,819

2007

746,885

2006

606,889

2005

455,734

2004

309,665

2003

220,615

2002

145,839

2001

126,437

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

Number of returns with LLCs

the biggest decrease in business receipts. After declines of 6.9 percent in 2006 and 8.0 percent in 2007,

the real estate sector’s reported business receipts fell

another 18.2 percent in 2008.

Data Sources and Limitations

The 2008 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 2009. Returns in

the sample were stratified based on: (1) the presence

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.

or 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 0.1 percent to

100 percent. The 2008 nonfarm sole proprietorship

data are based on a sample of 91,679 returns and a

population of 22,990,883 returns.12 The corresponding sample and population for the 2007 data were

90,983 and 23,516,241, respectively.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

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 (CVs) are used to measure that

magnitude. Figure L presents estimated coefficients

of 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 SOI

Sampling Methodology and Data Limitations, near

the back of this issue, discusses the reliability of estimates based on samples and the use of coefficients

of variation for evaluating the precision of estimates

based on samples.

Figure L

Nonfarm Sole Proprietorships: Coefficients of Variation for Selected Items, by Selected Industrial

Sectors Tax Year 2008

Sectors,

[C ffi i

[Coefficients

off variation

i i are in

i percentages]]

Coefficients of variation

Industrial sector

All nonfarm industries

Construction

Specialty

i lt ttrade

d contractors

t t

Wholesale trade (merchant

(

wholesalers))

Retail trade

Transportation and warehousing

Finance and insurance

Real estate and rental and leasing

Reall estate

t t

Professional,, scientific,, and technical services

Administrative and support and waste management

and remediation services

Health care and social assistance

Child day care services

A t entertainment,

Arts,

t t i

t and

d recreation

Performing

g arts,, spectator

sports,

, and related industries

Other services

Personal and laundry services

All other industries

Total business

b siness

receipts

i t

Total business

b siness

deductions

d d ti

Depreciation [1]

Net income

Deficit

(1)

0 53

0.53

1 88

1.88

2 23

2.23

4.44

2.04

2.59

1 90

1.90

2 57

2.57

2 63

2.63

1.69

(2)

0 60

0.60

1 98

1.98

2.37

4.55

2.03

2.66

1 75

1.75

2 81

2.81

2.91

1.96

(3)

1 21

1.21

3 37

3.37

3.94

9.30

4.01

3.99

7 39

7.39

4 68

4.68

4.95

3.55

(4)

0 75

0.75

2 24

2.24

2.53

6.54

3.45

3.46

3 83

3.83

3 15

3.15

3.21

1.96

(5)

1 33

1.33

4 78

4.78

6.21

0 68

10.68

3.69

6.01

5 84

5.84

4 30

4.30

4.57

3.99

2.88

1 86

1.86

4 53

4.53

3 20

3.20

3.65

2.55

3 05

3.05

2 10

2.10

3.34

2 01

2.01

5 84

5.84

3.15

3.59

2.82

3 39

3.39

2 16

2.16

5.44

3 96

3.96

14 17

14.17

5.28

6.26

4.50

6 11

6.11

3 19

3.19

2.85

2 23

2.23

4 30

4.30

4.43

4.76

2.82

3 52

3.52

2 83

2.83

5.84

7 63

7.63

13 68

13.68

5.09

5.84

5.29

6 91

6.91

3 32

3.32

[[1]] Excludes depreciation

claimed on Form 8829,, "Expenses

for Business Use of Your Home."

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net

Income, by Industrial Sectors, Tax Year 2008

[All figures are estimates based on samples—money

Businesses with and without net income

Industrial sector

All nonfarm industries

Agriculture, forestry, hunting, and fishing

Business

receipts

(1)

(2)

22,614,483 1,317,443,005

Rent paid

machinery

and

equipment

[1]

Rent paid

Interest paid

on other

Net income

deduction Payroll [1,4]

business

less deficit

[1,3]

property [1]

(3)

(4)

(5)

42,922,336

9,439,007

34,074,935

(6)

(7)

(8)

14,662,064 110,430,600 264,508,362

307,287

17,590,294

1,862,191

113,910

138,074

287,887

1,681,043

447,873

Animal production (including breeding of cats and dogs)

51,404

1,029,452

239,693

1,679

13,765

30,585

53,659

-553,558

Forestry and logging (including forest nurseries, timber

tracts)

51,577

5,188,799

600,151

46,918

9,217

110,754

505,496

158,618

Fishing

64,343

2,535,299

362,461

16,867

30,964

68,078

29,059

445,556

Hunting and trapping

12,353

191,555

37,200

1,671

12,257

14,161

5,837

-22,976

Support activities for agriculture and forestry

127,610

8,645,191

622,686

46,775

71,870

64,310

1,086,992

420,233

Mining

Oil and gas extraction

Coal mining

Metal ore mining

134,372

17,653,003

1,483,030

63,119

46,165

276,884

791,986

2,912,813

106,666

13,944,820

1,135,814

20,263

36,463

192,308

352,554

2,090,823

330

354,224

23,399

3,270

* 617

3,983

45,381

-15,660

* 662

* 57,369

* 3,231

* 1,267

* 385

* 932

* 9,173

* -8,891

Nonmetallic mineral mining and quarrying

3,028

652,198

117,265

8,324

* 105

41,150

79,262

27,179

Support activities for mining

23,686

2,644,392

203,320

29,996

8,594

38,511

305,616

819,362

12,650

321,981

24,428

* 734

* 6,044

8,006

* 30,881

30,470

Utilities

Construction

2,821,745

206,688,428

6,867,419

1,342,334

1,380,449

2,053,941

24,494,085

29,153,787

Residential building construction

417,996

44,486,914

893,328

197,017

190,671

609,561

4,438,307

3,988,593

Nonresidential building construction

78,938

10,301,953

321,060

69,575

66,624

113,821

1,159,910

939,204

Heavy and civil engineering construction

61,515

8,808,104

534,186

81,422

47,951

271,090

866,551

485,373

2,263,296

143,091,457

5,118,844

994,320

1,075,204

1,059,470

18,029,318

23,740,617

2,694,049

Specialty trade contractors

Manufacturing

340,237

28,109,966

1,335,871

179,108

851,786

345,404

3,479,665

Food manufacturing

35,793

4,156,833

121,123

25,258

103,183

65,652

355,941

50,186

Textile and textile product mills

5,026

342,315

28,243

* 1,513

* 9,729

5,357

* 80,250

-13,308

Apparel

19,905

875,515

27,533

7,911

66,222

4,330

159,028

60,430

Leather and allied products

* 3,783

* 61,881

* 1,007

* 715

* 9,920

* -9,186

Wood products

32,965

2,332,029

118,918

15,203

50,554

27,647

314,923

160,722

Paper products

* 709

* 28,050

* 28

* 372

* 2,720

* -7,824

36,181

2,566,657

129,890

11,244

129,911

38,116

279,226

312,791

Printing and related support activities

Petroleum and coal products

468

* 99,206

* 1,410

* 64

* 308

* 1,289

5,916

Chemical manufacturing

11,569

1,081,306

54,182

12,197

14,277

11,902

104,411

-39,552

Plastics, rubber, clay, refractory, and glass products

11,868

378,462

24,680

3,386

7,402

5,247

65,624

-21,828

Nonmetallic mineral products

3,271

713,751

39,542

* 842

* 885

9,445

78,098

86,459

Primary metal industries

4,879

602,321

19,351

* 15,949

* 24,997

* 10,804

121,020

12,522

Fabricated metal products

28,335

3,734,667

206,273

10,699

99,360

49,829

541,606

397,452

Machinery

23,019

3,051,994

229,874

30,325

75,824

34,530

409,760

460,528

Computer and electronic products

13,545

413,813

13,634

* 2,551

* 5,930

* 8,217

22,928

133,222

Electrical equipment, appliances, and components

3,318

500,680

4,819

* 10,655

4,976

* 3,745

50,982

65,337

Transportation equipment

10,919

936,764

16,114

6,196

40,522

5,507

211,216

4,255

Furniture and related products

28,835

2,486,626

102,520

5,862

80,349

17,674

245,994

632,157

Medical equipment and supplies

8,302

646,131

9,809

* 7,667

19,780

3,046

46,723

101,023

Other miscellaneous manufacturing

57,548

3,100,965

186,921

11,277

117,823

43,335

378,006

302,745

Wholesale trade (merchant wholesalers)

325,522

52,343,754

766,708

138,173

721,644

343,823

2,202,700

4,118,498

Durable goods, including machinery, wood, metals, etc.

135,479

23,705,289

414,866

51,925

323,153

167,371

1,027,938

1,620,013

Nondurable goods, including food, fiber, chemicals, etc.

100,241

22,368,567

282,033

56,970

290,702

136,280

968,768

1,461,836

Wholesale electronic markets and agents and brokers

89,801

6,269,898

69,808

29,279

107,789

40,171

205,995

1,036,649

Footnotes at end of table.

Number

of returns

Depreciation

deduction

[1,2]

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net

Income, by Industrial Sectors, Tax Year 2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Businesses with net income

Industrial sector

All nonfarm industries

Agriculture, forestry, hunting, and fishing

Number

of returns

Business

receipts

(9)

(10)

Depreciation

deduction

[1,2]

16,434,155 1,062,581,267

Rent paid

machinery

and

equipment

[1]

Rent paid

Interest paid

Net income

on other

deduction Payroll [1,4]

business

[1,3]

property [1]

(11)

(12)

(13)

(14)

26,158,239

6,906,737

25,408,073

7,841,052

(15)

(16)

85,562,985 325,265,465

169,725

12,627,490

781,411

63,578

84,012

125,851

1,233,481

2,541,190

Animal production (including breeding of cats and dogs)

9,492

601,772

59,692

* 585

5,747

* 9,006

* 29,194

114,828

Forestry and logging (including forest nurseries, timber

tracts)

30,408

3,649,913

310,511

13,756

5,125

51,236

326,663

501,568

Fishing

39,803

1,950,297

134,666

* 11,479

19,085

30,710

* 10,789

775,066

Hunting and trapping

5,045

117,133

* 8,381

* [5]

* 6,690

* 4,039

* 308

35,534

Support activities for agriculture and forestry

84,977

6,308,374

268,161

37,759

47,365

30,859

866,527

1,114,194

Mining

104,824

13,896,902

911,836

36,625

28,222

97,747

523,185

4,411,402

80,470

11,084,680

706,226

14,644

20,734

68,486

246,308

3,358,158

295

86,755

* 3,534

* 687

* 319

* 199

* 1,197

12,492

Nonmetallic mineral mining and quarrying

2,447

529,721

70,310

* 3,450

* 59

18,572

61,725

97,440

Support activities for mining

21,612

2,195,745

131,766

17,844

7,110

10,490

213,954

943,313

8,895

208,130

* 969

* 714

* 307

* 168

* 11,695

61,210

Oil and gas extraction

Coal mining

Metal ore mining

Utilities

Construction

2,304,865

172,740,182

5,041,603

983,196

1,071,357

1,207,324

19,710,838

35,436,753

Residential building construction

332,398

33,758,359

661,129

139,708

151,414

273,328

3,487,070

5,598,779

Nonresidential building construction

67,760

8,452,764

219,649

45,670

59,950

64,360

937,910

1,272,691

Heavy and civil engineering construction

45,525

5,788,181

359,072

47,615

32,697

97,796

540,103

1,200,161

1,859,182

124,740,879

3,801,752

750,202

827,296

771,841

14,745,755

27,365,122

Specialty trade contractors

Manufacturing

208,296

22,108,550

737,903

120,550

534,201

167,301

2,412,042

4,295,424

Food manufacturing

20,469

2,926,311

44,160

22,147

43,290

18,745

212,125

291,498

Textile and textile product mills

1,886

179,979

* 10,141

* 157

* 128

* 228

* 11,087

33,604

Apparel

10,701

669,070

11,723

* 3,999

49,316

* 2,558

139,184

120,580

Leather and allied products

* 2,697

* 22,869

* 185

* 16,942

Wood products

20,818

1,914,912

54,642

* 13,940

41,295

14,761

234,720

276,806

Paper products

* 2,121

* 2,020

21,510

1,968,698

76,178

6,936

68,005

31,536

191,266

437,018

Printing and related support activities

Petroleum and coal products

* 444

* 99,056

* 708

* 64

* 308

* 1,289

* 7,200

Chemical manufacturing

4,688

878,102

3,525

* 1,998

* 6,289

* 4,147

* 49,766

82,500

Plastics, rubber, clay, refractory, and glass products

4,772

182,931

* 2,610

* 272

* 2,016

* 1,437

* 14,019

15,526

Nonmetallic mineral products

2,218

650,077

* 21,233

* 819

* 431

* 8,073

* 64,351

118,070

Primary metal industries

2,930

528,845

* 12,946

* 14,604

* 22,701

* 2,518

* 89,050

71,316

Fabricated metal products

19,947

3,015,826

131,577

6,299

73,318

22,985

401,468

546,663

Machinery

17,369

2,590,381

129,872

14,368

48,652

19,095

333,139

586,768

Computer and electronic products

7,337

300,139

* 1,485

* 3,528

* 11,700

161,886

Electrical equipment, appliances, and components

3,260

438,282

1,979

* 9,479

* 3,414

* 1,304

* 37,239

88,050

Transportation equipment

5,763

606,916

* 3,502

* 2,335

* 16,698

* 1,349

* 112,891

110,832

Furniture and related products

22,732

2,165,417

94,972

5,642

57,301

12,001

163,089

674,436

Medical equipment and supplies

6,714

479,075

8,767

* 7,658

17,138

1,570

33,987

127,327

32,034

2,489,543

127,697

9,896

80,617

24,685

311,671

526,381

205,647

42,913,616

490,536

96,910

518,098

182,125

1,644,407

5,572,750

Other miscellaneous manufacturing

Wholesale trade (merchant wholesalers)

Durable goods, including machinery, wood, metals, etc.

86,599

19,761,789

263,931

26,444

220,299

88,082

738,698

2,276,297

Nondurable goods, including food, fiber, chemicals, etc.

62,503

17,868,712

190,174

48,698

212,766

62,408

786,557

1,994,639

Wholesale electronic markets and agents and brokers

56,546

5,283,115

36,431

21,769

85,033

31,635

119,152

1,301,815

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net

Income, by Industrial Sectors, Tax Year 2008—Continued

[All figures are estimates based on samples—money

Businesses with and without net income

Industrial sector

Number

of returns

(1)

(2)

(3)

Retail trade

Motor vehicle and parts dealers

Furniture and home furnishing stores

Electronic and appliance stores

2,275,476

141,986

45,128

32,022

196,844,560

39,539,674

4,331,050

4,836,187

3,001,898

351,469

75,833

67,813

Business

receipts

Rent paid

machinery

and

equipment

[1]

(4)

705,954

50,516

29,017

47,314

Rent paid

Interest paid

on other

Net income

deduction Payroll [1,4]

business

less deficit

[1,3]

property [1]

(5)

(6)

(7)

(8)

6,150,702

607,096

312,776

135,706

1,962,780

493,617

62,930

51,639

10,220,579

1,568,934

360,642

557,173

8,012,708

733,028

355,250

346,146

Building material and garden equipment and supplies

dealers

43,178

8,367,667

199,981

26,769

111,089

99,615

736,629

714,661

Food and beverage stores

90,978

28,514,563

337,307

114,481

892,191

208,080

1,800,089

929,414

Health and personal care stores

133,393

8,894,781

136,599

80,091

277,760

67,289

554,241

651,259

Gasoline stations

21,790

28,899,287

254,933

28,366

323,622

204,574

788,983

101,208

Clothing and accessories stores

127,848

11,609,824

173,536

39,458

1,068,134

101,965

798,174

453,277

Sporting goods, hobby, book, and music stores

103,392

7,467,029

148,992

19,665

416,806

88,338

406,818

123,558

General merchandise stores

23,544

2,841,834

65,227

19,904

127,339

47,132

123,905

72,660

Miscellaneous store retailers

529,027

30,631,191

632,071

189,037

1,535,793

344,815

1,921,777

1,875,498

Nonstore retailers

983,191

20,911,475

558,139

61,336

342,389

192,787

603,214

1,656,747

1,047,716

81,073,306

5,568,883

2,309,439

583,160

1,063,150

4,440,942

9,383,446

Air and rail transportation

11,156

1,519,288

420,833

12,983

20,215

87,252

78,553

-291,560

Water transportation

6,787

870,779

112,945

4,055

14,499

30,109

86,319

139,639

212,461

20,208,531

1,466,960

479,195

128,661

241,388

1,750,935

2,218,991

** 40,483,021 ** 2,809,631 ** 1,029,793

** 153,874

Transportation and warehousing

General freight trucking, local

General freight trucking, long distance and specialized

freight trucking

Urban transit

** 363,583

** 507,653 ** 1,456,374 ** 4,054,522

* 944

* 33,682

* 2,653

* [5]

* 2,551

* 57

* 3,614

Taxi and limousine service

167,974

5,641,078

151,595

660,280

133,785

76,263

132,209

1,523,255

School, employee, and charter bus industry

13,701

741,861

62,275

* 443

* 1,884

25,549

81,979

149,546

Other transit and ground passenger transportation

23,920

718,765

23,629

* 9,765

* 6,374

* 1,924

55,069

260,082

* 658

* 45,911

* 25,551

* 1,428

* 217

* -14,599

12,292

508,958

103,026

* 6,028

14,300

22,063

126,084

-83,664

Interurban and rural bus transportation

Pipeline transportation

Scenic and sightseeing transportation

Support activities for transportation (including motor

vehicle towing)

51,560

4,279,539

250,649

52,467

60,023

41,283

315,120

416,012

Couriers and messengers

175,337

5,508,211

97,629

50,311

25,478

13,868

314,656

973,505

Warehousing and storage facilities

7,344

513,683

41,506

4,118

24,068

11,819

43,371

34,105

365,625

11,704,393

520,210

99,339

301,886

93,886

856,692

3,123,461

Publishing industries (except internet)

75,386

1,931,754

35,077

5,103

29,046

24,923

285,398

336,897

Motion picture and sound recording

103,469

3,011,507

278,021

22,971

128,075

22,067

155,603

548,598

Broadcasting (except internet) and telecommunications

51,983

2,647,023

64,572

31,415

71,852

29,426

177,033

455,183

Internet publishing and broadcasting

4,151

177,244

13,479

* 141

* 7,159

* 686

* 11,541

7,401

Information

Internet service providers, web search portals, and

data processing

Finance and insurance

Credit intermediation and related activities

Securities, commodity contracts, and other financial

investments

Depreciation

deduction

[1,2]

Investment bankers and securities dealers

Securities brokers

Commodity contracts brokers and dealers

Securities and commodity exchanges

Other financial investment activities (investment advice)

Insurance agents, brokers, and related activities

Insurance agencies and brokerages

Other insurance related activities

Footnotes at end of table.

130,635

3,936,865

129,062

39,709

65,754

16,784

227,117

1,775,383

693,065

112,312,139

1,052,148

316,196

1,455,536

768,631

4,658,421

18,004,035

72,956

3,166,910

88,809

50,017

83,217

105,044

174,355

229,170

178,338

5,122

17,163

4,959

355

150,738

441,771

338,253

103,518

77,172,761

4,789,463

5,357,286

3,024,548

1,677,363

62,324,101

31,972,467

27,676,834

4,295,633

395,016

5,203

27,275

9,666

11,500

341,373

568,324

468,597

99,726

81,081

3,329

11,870

1,069

* 25

64,788

185,098

171,829

13,269

420,106

19,894

32,725

28,466

* 978

338,042

952,214

868,924

83,289

360,528

23,359

13,360

7,391

6,149

310,268

303,059

259,184

43,876

1,555,061

46,573

118,438

43,649

* 16,610

1,329,791

2,929,006

2,791,382

137,624

5,984,021

320,069

967,341

129,923

-15,302

4,581,990

11,790,845

9,989,961

1,800,883

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net

Income, by Industrial Sectors, Tax Year 2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Businesses with net income

Depreciation

deduction

[1,2]

Rent paid

machinery

and

equipment

[1]

(12)

Industrial sector

Number

of returns

(9)

(10)

(11)

Retail trade

Motor vehicle and parts dealers

Furniture and home furnishing stores

Electronic and appliance stores

1,178,928

95,809

31,080

21,707

149,566,389

27,100,408

3,078,483

4,090,173

1,615,862

190,039

54,700

52,195

469,491

36,184

22,306

35,323

Business

receipts

Rent paid

Interest paid

Net income

on other

deduction Payroll [1,4]

business

[1,3]

property [1]

(13)

(14)

(15)

(16)

4,046,202

366,565

177,343

99,883

1,024,960

230,751

38,437

47,611

7,124,244

832,286

252,180

451,157

16,853,669

1,800,047

536,726

467,415

Building material and garden equipment and supplies

dealers

29,288

7,011,290

149,357

21,617

82,616

67,530

544,966

861,849

Food and beverage stores

63,642

23,297,348

198,745

86,362

659,644

127,391

1,383,117

1,491,564

Health and personal care stores

57,826

7,794,683

85,204

58,129

215,539

39,438

477,737

1,160,162

Gasoline stations

13,306

19,879,724

123,671

14,018

215,937

116,951

495,067

397,810

Clothing and accessories stores

70,613

9,894,062

116,195

21,875

790,456

55,035

632,658

1,104,690

Sporting goods, hobby, book, and music stores

42,403

5,433,941

59,440

7,460

227,149

32,984

267,667

696,952

General merchandise stores

10,980

2,360,036

26,635

19,595

81,783

29,035

98,506

211,428

Miscellaneous store retailers

285,724

23,472,085

302,210

106,218

933,511

166,524

1,300,281

3,927,931

Nonstore retailers

456,550

16,154,154

257,471

40,404

195,775

73,273

388,621

4,197,095

826,797

65,340,649

3,355,340

1,928,250

434,202

619,469

3,083,319

12,541,505

Air and rail transportation

6,888

969,925

42,380

6,096

3,985

9,093

19,986

234,880

Water transportation

5,288

589,647

23,322

* 149

* 12,316

3,858

* 41,702

223,745

166,520

16,159,729

888,610

424,934

90,734

143,204

1,319,279

2,912,265

** 32,912,494 ** 1,998,233

Transportation and warehousing

General freight trucking, local

General freight trucking, long distance and specialized

freight trucking

** 807,660

** 115,315

** 320,713

* 300

* 13,875

* 208

* [5]

* 2,551

* 57

* 4,761

Taxi and limousine service

149,479

5,126,887

121,060

599,629

125,758

74,001

* 68,771

1,659,025

School, employee, and charter bus industry

10,676

563,351

32,974

* 201

* 1,423

15,975

63,718

157,329

** 17,057

** 560,067

** 11,686

** 7,557

** 5,749

** 1,442

** 39,348

** 289,890

Urban transit

Interurban and rural bus transportation

Other transit and ground passenger transportation

Pipeline transportation

Scenic and sightseeing transportation

** 286,447

** 910,633 ** 5,005,243

5,078

248,484

* 2,772

* 3,773

* 1,732

* 101,435

47,547

Support activities for transportation (including motor

vehicle towing)

36,864

3,138,557

165,579

40,816

34,360

27,765

187,067

584,806

Couriers and messengers

137,396

4,615,802

56,035

39,838

23,027

9,857

299,898

1,297,384

Warehousing and storage facilities

4,804

441,830

12,480

1,369

17,762

9,278

31,424

124,630

243,183

9,800,479

275,632

66,909

212,664

37,706

632,016

4,278,001

Publishing industries (except internet)

52,053

1,515,671

16,947

2,280

15,387

14,030

202,197

568,310

Motion picture and sound recording

59,213

2,504,126

112,407

14,700

84,882

4,058

109,887

1,043,912

Broadcasting (except internet) and telecommunications

34,138

2,035,326

37,239

14,757

55,868

9,436

117,852

603,072

Internet publishing and broadcasting

2,152

120,795

* 6,158

* 141

* 6,594

* 91

* 9,501

31,199

Information

Internet service providers, web search portals, and

data processing

Finance and insurance

Credit intermediation and related activities

Securities, commodity contracts, and other financial

investments

Investment bankers and securities dealers

Securities brokers

Commodity contracts brokers and dealers

Securities and commodity exchanges

Other financial investment activities (investment advice)

Insurance agents, brokers, and related activities

Insurance agencies and brokerages

Other insurance related activities

Footnotes at end of table.

95,626

3,624,561

102,880

35,031

49,932

10,091

192,579

2,031,507

468,187

58,566,141

677,795

249,174

1,240,624

378,748

3,895,765

21,547,741

40,555

2,464,387

39,027

9,730

31,905

46,495

96,694

767,713

104,564

3,226

11,205

3,291

86,810

323,068

250,486

72,582

27,205,432

1,501,529

2,138,677

2,981,175

517,187

20,066,864

28,896,322

25,129,756

3,766,566

186,564

3,709

23,216

6,607

* 8,636

144,396

452,204

373,837

78,367

66,995

* 1,075

11,807

* 442

* 25

53,647

172,448

161,064

11,384

335,108

14,101

30,140

17,627

* 296

272,944

873,611

804,035

69,576

98,375

2,341

10,389

1,899

* 967

82,779

233,878

214,881

18,998

1,143,991

25,976

106,822

15,421

* 8,161

987,612

2,655,080

2,535,376

119,704

8,059,177

472,384

1,067,526

255,422

19,924

6,243,921

12,720,851

10,761,594

1,959,257

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net

Income, by Industrial Sectors, Tax Year 2008—Continued

[All figures are estimates based on samples—money

Businesses with and without net income

Rent paid

machinery

and

equipment

[1]

Rent paid

Interest paid

Net income

on other

deduction Payroll [1,4]

less deficit

business

[1,3]

property [1]

Industrial sector

Number

of returns

(5)

(6)

(7)

(8)

Real estate and rental and leasing

1,278,868

58,051,397

3,072,063

507,601

1,275,456

1,877,702

2,253,440

14,272,167

(1)

Real estate

Business

receipts

(2)

(3)

(4)

1,217,101

52,854,366

1,736,336

414,685

1,076,041

1,644,849

1,748,128

14,131,187

Lessors of real estate (including miniwarehouses

and self storage)

38,603

1,899,159

310,094

19,849

33,896

431,944

96,006

-131,636

Offices of real estate agents, brokers, property

managers, and appraisers

933,828

39,199,345

1,015,725

336,714

750,333

642,822

1,028,679

13,330,418

Other activities related to real estate

244,670

11,755,862

410,517

58,122

291,812

570,084

623,443

932,405

Rental and leasing services

61,767

5,197,031

1,335,727

92,917

199,415

232,853

505,312

140,980

Automotive equipment rental and leasing

15,480

783,258

220,476

11,803

17,115

35,564

52,315

487

Consumer electronics and appliances rental

* 1,313

* 22,035

* 17,663

Formal wear and costume rental

* 120

* 62,724

* 6,538

* 8,222

* 394

* 9,943

* 6,129

Video tape and disc rental

General rental centers and other consumer

goods rental

4,838

535,595

14,154

* 1,540

53,913

* 5,621

83,718

36,055

22,082

1,709,253

194,985

18,244

64,576

34,512

171,316

217,513

Commercial and industrial machinery and equipment

rental and leasing

17,935

2,084,166

899,573

61,330

55,588

156,762

188,020

-136,866

3,218,914

172,025,851

4,388,918

1,015,291

3,998,108

1,282,716

13,545,172

74,301,434

Legal services

378,111

41,048,470

539,608

243,263

1,697,704

285,018

4,600,343

18,404,926

Offices of certified public accountants

45,107

4,591,731

116,611

26,443

178,217

52,672

773,446

1,960,640

Other accounting services

312,490

8,564,857

297,301

71,599

275,978

137,020

971,073

3,389,912

Architectural, engineering, and related services

255,667

15,040,113

462,183

125,265

275,297

77,854

1,817,547

5,187,363

Professional, scientific, and technical services

Architectural services

99,590

6,863,719

203,488

74,298

133,778

34,295

1,016,653

1,764,504

Engineering services

95,894

5,508,512

175,504

39,555

91,798

28,723

553,202

2,205,786

Drafting, building inspections, and geophysical

surveying

42,017

1,617,661

33,858

* 1,830

19,088

5,928

94,038

907,259

Surveying and mapping (except geophysical)

services

14,353

678,569

38,460

* 9,520

21,914

* 3,729

110,946

229,460

Testing laboratories

3,812

371,653

10,872

* 63

8,718

* 5,180

* 42,707

80,354

250,692

8,897,310

270,733

56,465

174,746

63,843

451,847

2,176,040

Specialized design services

Computer systems design services

240,391

9,992,920

273,599

59,262

161,548

75,362

683,301

4,024,778

Other professional, scientific, and technical services

1,736,456

83,890,449

2,428,884

432,993

1,234,619

590,948

4,247,615

39,157,776

Management, scientific, and technical consulting

services

950,327

47,388,860

1,082,875

232,025

556,595

288,049

1,523,043

26,632,700

Scientific research and development services

32,799

1,179,505

44,206

2,392

23,896

12,319

106,201

461,188

Advertising and related services

120,600

7,650,421

179,969

31,775

94,710

86,449

317,102

1,936,608

Market research and public opinion polling

29,687

979,162

10,320

* 14,343

10,861

* 9,267

70,237

410,210

Other miscellaneous services

603,043

26,692,501

1,111,514

152,458

548,557

194,864

2,231,032

9,717,070

Administrative and support and waste management

and remediation services

Administrative and support services

Waste management and remediation services

Educational services

Footnotes at end of table.

Depreciation

deduction

[1,2]

2,302,805

61,449,597

2,634,207

415,531

824,253

480,379

6,737,037

16,957,186

2,277,252

59,416,628

2,402,664

392,714

806,043

440,250

6,502,640

16,792,128

25,554

2,032,969

231,543

22,818

18,209

40,129

234,397

165,058

620,222

9,697,644

298,229

60,162

538,731

84,688

504,421

3,031,251

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net

Income, by Industrial Sectors, Tax Year 2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Businesses with net income

Depreciation

deduction

[1,2]

Rent paid

machinery

and

equipment

[1]

(11)

Rent paid

Interest paid

on other

Net income

deduction Payroll [1,4]

business

[1,3]

property [1]

Industrial sector

Number

of returns

(12)

(13)

(14)

(15)

(16)

Real estate and rental and leasing

776,962

46,885,202

1,357,965

356,043

852,352

649,857

1,346,859

20,132,759

Real estate

745,158

43,082,600

923,688

293,256

723,191

557,381

971,475

19,296,407

Lessors of real estate (including miniwarehouses

and self storage)

16,366

1,063,194

130,729

12,496

10,552

131,132

27,893

314,198

Offices of real estate agents, brokers, property

managers, and appraisers

595,833

34,435,160

626,095

256,619

567,998

287,352

688,850

16,010,274

Other activities related to real estate

132,959

7,584,247

166,864

24,141

144,641

138,897

254,731

2,971,936

Rental and leasing services

31,804

3,802,601

434,277

62,786

129,161

92,476

375,384

836,352

Automotive equipment rental and leasing

9,577

501,922

96,174

* 5,865

* 298

15,969

* 29,097

76,854

Consumer electronics and appliances rental

* 1,313

* 22,035

* 17,663

(9)

Formal wear and costume rental

Video tape and disc rental

General rental centers and other consumer

goods rental

Commercial and industrial machinery and equipment

rental and leasing

Business

receipts

(10)

* 79

* 61,725

* 6,166

* 7,249

* 394

* 9,943

* 7,477

2,325

420,238

* 9,356

* 1,540

* 41,947

* 1,492

* 64,219

61,065

10,621

1,517,459

89,608

* 14,437

43,513

21,658

148,017

364,933

7,890

1,279,221

232,973

40,944

36,153

52,963

124,107

308,361

2,381,482

158,908,361

3,150,550

762,485

3,279,390

864,916

11,519,460

80,645,299

Legal services

302,390

39,527,283

474,589

215,822

1,573,548

245,028

4,256,881

19,039,652

Offices of certified public accountants

35,730

4,456,821

98,424

25,715

153,908

49,111

745,836

2,006,263

Other accounting services

253,952

8,097,016

243,790

54,088

228,150

101,535

908,566

3,721,592

Architectural, engineering, and related services

194,522

13,609,539

351,739

70,617

210,257

54,337

1,472,398

5,673,583

Architectural services

71,265

5,868,175

141,844

29,473

103,136

22,664

770,889

2,009,016

Engineering services

76,339

5,191,342

138,336

29,732

67,844

17,681

461,836

2,378,400

Drafting, building inspections, and geophysical

surveying

32,091

1,530,041

26,918

* 1,830

19,088

5,517

86,020

949,800

Surveying and mapping (except geophysical)

services

12,552

660,178

35,301

* 9,520

* 14,193

* 3,729

110,946

250,233

Testing laboratories

2,275

359,804

* 9,341

* 62

* 5,996

* 4,747

* 42,707

86,134

171,345

7,640,817

156,593

24,261

99,622

28,527

370,619

2,675,052

Professional, scientific, and technical services

Specialized design services

Computer systems design services

178,237

9,287,681

189,016

46,343

129,129

35,195

573,335

4,488,596

Other professional, scientific, and technical services

1,245,306

76,289,203

1,636,400

325,639

884,775

351,183

3,191,825

43,040,561

Management, scientific, and technical consulting

services

680,319

43,593,208

745,813

160,814

364,110

123,042

1,071,180

28,759,033

Scientific research and development services

23,233

1,006,501

33,276

* 2,192

13,535

* 868

56,068

601,569

Advertising and related services

90,630

6,977,588

140,797

25,659

88,272

80,293

219,567

2,203,234

Market research and public opinion polling

18,612

946,689

5,522

* 14,211

10,448

* 6,189

68,084

457,006

Other miscellaneous services

432,511

23,765,218

710,993

122,763

408,410

140,791

1,776,926

11,019,719

Administrative and support and waste management

and remediation services

Administrative and support services

Waste management and remediation services

Educational services

1,834,717

53,790,774

1,727,779

275,198

594,383

311,977

5,310,774

20,352,614

1,814,685

52,159,878

1,566,905

260,514

579,350

285,844

5,160,175

20,072,775

20,032

1,630,896

160,874

14,684

15,033

26,133

150,599

279,839

490,245

7,276,547

136,239

37,297

350,363

25,456

265,983

3,800,109

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net

Income, by Industrial Sectors, Tax Year 2008—Continued

[All figures are estimates based on samples—money

Businesses with and without net income

Rent paid

machinery

and

equipment

[1]

Rent paid

Interest paid

on other

Net income

deduction Payroll [1,4]

business

less deficit

[1,3]

property [1]

Industrial sector

Number

of returns

(1)

(2)

(3)

(5)

(6)

(7)

(8)

Health care and social assistance

1,998,278

118,634,052

3,035,635

551,649

5,158,149

1,240,154

17,209,350

47,539,320

Ambulatory health care services

990,181

97,029,582

2,339,402

463,933

4,494,934

844,758

14,635,290

40,488,113

Offices of physicians (except mental health

specialists)

183,723

33,527,006

603,886

171,398

1,281,486

187,411

4,198,881

16,483,353

Offices of physicians, mental health specialists

27,713

2,571,012

56,142

25,542

136,806

16,256

152,335

1,418,970

Offices of dentists

85,583

29,628,238

917,252

92,432

1,205,410

390,510

6,640,932

10,071,816

Offices of chiropractors

35,894

4,670,025

139,067

44,454

406,620

62,465

606,422

1,709,094

Offices of optometrists

Offices of mental health practitioners and social

therapists

17,566

3,308,192

117,316

18,068

232,412

31,529

560,963

836,782

185,643

9,222,844

174,944

29,242

622,391

47,587

671,919

4,712,889

8,216

1,614,761

44,270

6,835

199,555

16,879

234,877

549,256

158,690

5,473,489

135,302

40,043

241,679

46,138

360,214

2,331,371

Medical and diagnostic laboratories

31,927

1,405,247

49,867

7,129

68,238

11,787

284,786

411,343

Home health care services

227,282

4,514,655

76,712

24,320

74,180

26,679

749,689

1,729,329

Other ambulatory health care services (including

ambulance services, blood and organ banks)

27,944

1,094,113

24,644

4,469

26,156

7,517

174,272

233,911

Hospitals

10,803

565,203

8,056

* 784

* 10,115

* 1,717

* 65,198

347,079

Nursing and residential care facilities

61,028

4,635,311

156,891

38,515

247,332

242,833

1,163,012

347,555

Social assistance

147,898

3,187,864

77,222

4,382

154,132

15,659

234,433

1,410,784

4,945,788

Offices of podiatrists

health practitioners

Child day care services

Arts, entertainment, and recreation

Performing arts, spectator sports, and related industries

Business

receipts

(4)

788,368

13,216,093

454,064

44,035

251,635

135,188

1,111,417

1,347,779

33,092,332

1,920,727

219,389

1,140,219

382,020

1,707,991

8,057,508

1,094,030

24,608,291

1,376,261

152,909

521,893

179,918

877,064

7,560,686

Museums, historical sites, and similar institutions

2,988

56,425

901

* 97

* 8,118

* 392

* 4,692

15,929

Amusement, gambling, and recreation industries

250,761

8,427,616

543,564

66,383

610,209

201,709

826,235

480,892

434,168

47,870,153

2,087,498

427,589

3,398,744

1,068,023

8,346,380

649,056

54,627

6,002,638

762,610

27,434

241,975

484,168

926,034

-106,584

Travel accommodation (including hotels, motels,

and bed and breakfast inns)

30,796

4,635,708

619,581

24,939

125,858

408,268

763,628

-62,093

RV (recreational vehicle) parks and recreational camps

11,157

849,367

84,862

370

87,730

39,971

81,680

-6,285

Rooming and boarding houses

12,673

517,563

58,168

2,125

* 28,387

35,930

80,726

-38,206

Accommodation, food services, and drinking places

Accommodation

Food services and drinking places

379,541

41,867,514

1,324,888

400,155

3,156,769

583,855

7,420,346

755,640

2,360,060

82,993,026

2,778,315

877,432

5,968,711

968,644

7,062,906

18,135,387

Auto repair and maintenance

Automotive mechanical and electrical repair

and maintenance

351,027

23,975,616

992,097

226,304

934,504

435,952

2,599,805

2,235,510

176,570

12,095,924

516,359

66,854

441,268

216,993

1,200,172

1,067,921

Automotive body shops

85,132

7,046,601

214,190

81,222

310,886

117,615

886,774

818,614

Other services

Other auto repair and maintenance (including oil

change, lubrication and car washes)

Miscellaneous repairs

Personal and laundry services

89,325

4,833,090

261,547

78,228

182,350

101,344

512,859

348,975

411,150

16,068,515

514,519

95,024

397,899

132,994

1,267,710

2,771,294

1,271,699

556,104

4,636,308

399,699

3,195,390

13,128,583

1,597,882

42,948,895

Religious, grantmaking, civic, professional

and similar organizations

245,487

3,243,046

51,767

9,017

25,816

* 9,353

* 25,912

1,682,136

Unclassified establishments

484,209

5,744,085

172,191

87,040

111,301

63,992

180,997

2,001,777

Footnotes at end of table.

Depreciation

deduction

[1,2]

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net

Income, by Industrial Sectors, Tax Year 2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Businesses with net income

Depreciation

deduction

[1,2]

Rent paid

machinery

and

equipment

[1]

(12)

Rent paid

Interest paid

on other

Net income

deduction Payroll [1,4]

business

[1,3]

property [1]

Industrial sector

Number

of returns

(9)

(10)

(11)

(15)

(16)

Health care and social assistance

1,655,574

110,275,817

2,395,473

439,759

4,493,294

908,280

15,389,857

49,855,675

Ambulatory health care services

811,894

92,064,135

1,940,083

395,035

4,009,387

710,666

13,561,504

41,846,050

Offices of physicians (except mental health

specialists)

153,658

32,124,499

525,453

154,931

1,204,200

168,851

3,952,588

16,770,471

Offices of physicians, mental health specialists

24,199

2,497,861

50,348

23,525

134,519

15,971

146,218

1,436,878

Offices of dentists

74,801

28,711,069

809,029

69,230

1,127,368

341,025

6,441,551

10,223,917

Offices of chiropractors

31,671

4,486,293

107,049

43,400

369,117

60,154

591,538

1,748,283

Offices of optometrists

Offices of mental health practitioners and social

therapists

14,998

3,051,562

86,000

15,776

205,915

24,002

512,117

887,699

146,024

8,722,252

146,344

25,863

545,825

26,155

552,415

4,849,572

6,547

1,526,364

36,812

5,060

136,952

16,879

221,391

584,136

126,539

5,051,200

91,768

29,638

179,748

31,464

291,112

2,597,497

Medical and diagnostic laboratories

26,246

1,206,377

24,906

5,284

53,333

5,370

240,594

451,393

Home health care services

187,757

3,829,796

47,858

18,201

35,900

13,819

468,054

2,012,025

Other ambulatory health care services (including

ambulance services, blood and organ banks)

19,454

856,862

14,516

* 4,127

16,511

6,976

143,926

284,178

Hospitals

10,372

558,948

7,013

* 784

* 10,106

* 1,717

* 64,597

349,246

Nursing and residential care facilities

42,208

3,155,366

84,224

13,880

159,871

108,812

708,860

630,327

Social assistance

111,604

2,988,411

60,436

2,590

135,149

12,075

223,296

1,569,040

Child day care services

679,496

11,508,956

303,716

27,471

178,781

75,010

831,601

5,461,012

840,486

25,748,112

742,307

105,258

563,849

89,512

702,841

12,551,749

Performing arts, spectator sports, and related industries

667,004

20,485,270

612,819

81,760

304,495

60,588

418,482

10,997,067

Museums, historical sites, and similar institutions

* 1,028

* 50,327

* 276

* 72

* 6,772

* 13

* 949

* 28,552

Amusement, gambling, and recreation industries

172,454

5,212,516

129,212

23,426

252,581

28,911

283,409

1,526,130

Offices of podiatrists

health practitioners

Arts, entertainment, and recreation

Accommodation, food services, and drinking places

Business

receipts

(13)

(14)

270,338

32,951,914

846,781

260,709

2,216,026

462,052

5,070,156

3,944,725

Accommodation

25,815

3,640,560

281,469

13,510

190,420

181,199

410,302

686,142

Travel accommodation (including hotels, motels,

and bed and breakfast inns)

15,774

2,734,418

224,711

13,018

82,769

166,042

298,479

534,678

RV (recreational vehicle) parks and recreational camps

5,950

571,095

37,779

* 244

* 80,382

11,681

69,461

75,531

Rooming and boarding houses

4,090

335,047

18,980

* 248

* 27,269

* 3,475

* 42,362

75,934

Food services and drinking places

244,523

29,311,354

565,312

247,199

2,025,606

280,853

4,659,855

3,258,583

Other services

1,875,687

71,197,612

1,816,699

623,827

4,826,981

652,549

5,553,274

21,745,190

Auto repair and maintenance

Automotive mechanical and electrical repair

and maintenance

251,094

19,359,248

625,607

157,995

684,940

294,689

2,009,910

3,175,658

130,924

9,854,183

339,554

47,494

346,052

178,890

958,175

1,507,387

Automotive body shops

59,269

5,902,853

158,525

71,316

201,578

67,740

700,010

1,017,755

Other auto repair and maintenance (including oil

change, lubrication and car washes)

Miscellaneous repairs

Personal and laundry services

60,901

3,602,213

127,529

39,186

137,310

48,058

351,725

650,516

309,113

13,857,046

328,035

75,108

245,801

100,342

1,030,303

3,531,687

257,518

2,513,061

15,037,845

1,315,480

37,981,318

863,056

390,724

3,896,241

Religious, grantmaking, civic, professional

and similar organizations

199,382

3,084,125

33,562

* 4,221

24,610

* 647

* 25,908

1,921,225

Unclassified establishments

389,936

4,694,275

62,000

26,543

36,936

34,407

106,879

2,776,475

*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 taxpayer information.

[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, "Expenses for Business Use of Your Home."

[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.

[5] Less than $500.

NOTE: Detail may not add to totals because of rounding.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2008

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Agriculture, forestry, hunting and fishing

Net income status, item

All

nonfarm

industries

(1)

Total

Animal

production

(including

breeding

of cats and

dogs)

Forestry

and logging

(including

forest

nurseries,

timber tracts)

(2)

(3)

51,404

1,029,452

962,700

66,752

1,594,845

235,514

90,113

* 32,131

108,044

28,317

58,182

81,272

19,504

112,097

9,840

22,455

233,173

1,740

27,111

72,053

6,099

17,628

12,957

6,789

* 59

1,679

13,765

25,787

58,820

21,528

14,633

27,148

24,288

606,195

21,937

6,520

* 14,529

-553,558

114,828

-668,386

Fishing

Hunting

and

trapping

Support

activities

for

agriculture

and forestry

(4)

(5)

(6)

(7)

51,577

5,188,799

5,120,218

68,581

5,036,388

1,400,383

149,266

136,281

985,914

39,667

247,048

157,793

7,847

338,121

26,304

309,567

* 679

598,895

4,241

182,346

19,548

9,213

32,131

78,623

8,737

971

46,918

9,217

336,917

79,823

369,215

69,133

21,303

44,210

1,029,495

5,145

1,256

* 804

* 2,084

158,618

501,568

-342,950

64,343

2,535,299

2,425,967

109,331

2,090,180

337,822

* 18,084

* 6,744

202,509

23,963

103,816

* 17,293

14,817

166,492

19,312

56,893

360,528

* 92

42,443

19,821

24,552

29,265

38,813

12,346

16,867

30,964

119,569

147,387

22,315

34,172

32,261

40,309

503,357

15,578

* 1,933

* 1,301

445,556

775,066

-329,510

12,353

191,555

185,895

5,659

214,629

15,671

* 10,608

* 77

* 4,272

* 784

* 5,048

* 5,119

2,444

13,685

* 72

1,534

37,200

* 51

4,486

2,113

2,534

* 5,031

9,130

2,927

1,671

12,257

10,903

19,275

5,759

7,956

993

5,553

51,985

* 520

-22,976

35,534

-58,510

127,610

8,645,191

8,496,061

149,129

8,234,529

3,381,294

263,893

120,044

2,761,301

295,571

253,740

313,255

73,425

429,813

75,763

293,877

* 343

620,217

6,998

143,695

45,731

18,598

15,523

48,786

22,938

1,239

46,775

71,870

224,672

193,639

966,949

153,489

93,557

82,537

1,169,206

30,861

2,469

* 2,768

420,233

1,114,194

-693,960

BUSINESSES WITH AND

WITHOUT NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income less deficit [1,2]

Net income [1,2]

Deficit [2]

Footnotes at end of table.

22,614,483

1,317,443,005

1,295,786,783

21,656,221

1,053,705,955

434,868,323

46,735,278

31,282,105

280,662,351

56,592,372

66,776,845

47,180,627

14,767,208

85,054,914

13,381,218

35,388,217

1,423,771

41,446,328

2,897,005

18,308,063

11,108,794

7,335,934

6,481,051

8,181,013

12,827,294

1,235,347

9,439,007

34,074,935

15,463,698

31,831,493

79,148,496

18,066,560

12,740,944

24,674,687

118,421,657

11,504,196

1,476,008

69,203

1,334,666

264,508,362

325,265,465

-60,757,103

307,287

17,590,294

17,190,842

399,452

17,170,571

5,370,685

531,963

295,276

4,062,041

388,302

667,834

574,732

118,037

1,060,209

131,292

684,326

1,029

1,850,012

13,123

400,081

159,265

60,995

99,578

188,309

53,737

2,274

113,910

138,074

717,848

498,944

1,385,767

279,383

175,262

196,898

3,360,239

74,041

12,179

* 804

20,682

447,873

2,541,190

-2,093,316

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Agriculture, forestry, hunting and fishing

Net income status, item

BUSINESSES WITH NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income [1,2]

Returns with Schedule C-EZ:

Number of returns

Business receipts

Business deductions

Net income

All

nonfarm

industries

(1)

Total

Animal

production

(including

breeding

of cats and

dogs)

Forestry

and logging

(including

forest

nurseries,

timber tracts)

(2)

(3)

Fishing

Hunting

and

trapping

Support

activities

for

agriculture

and forestry

(4)

(5)

(6)

(7)

16,434,155

1,062,581,267

1,045,907,267

16,673,999

737,385,341

297,184,637

24,378,387

24,860,379

188,921,767

44,233,788

39,792,756

25,002,440

10,462,439

62,065,820

9,899,617

27,966,856

1,123,008

25,163,377

2,254,853

13,910,543

7,650,851

5,614,460

3,243,966

4,597,086

9,755,105

1,091,753

6,906,737

25,408,073

10,643,860

23,515,885

60,702,606

13,187,204

9,244,605

17,447,183

76,250,540

8,537,108

994,862

25,661

117,764

325,265,465

169,725

12,627,490

12,385,393

242,096

10,087,230

3,681,560

172,174

240,652

2,835,911

336,830

262,432

166,439

46,632

627,690

108,956

376,794

* 116

778,668

8,013

245,773

87,966

37,923

39,901

85,950

34,133

1,501

63,578

84,012

380,837

272,194

992,829

180,065

71,732

112,180

1,697,821

37,606

2,743

* 597

* 498

2,541,190

9,492

601,772

560,996

40,777

486,944

171,551

* 41,723

* 27,655

* 95,464

* 23,964

* 24,473

* 41,728

2,922

27,168

* 1,432

* 371

59,536

* 10

11,125

45,624

4,732

* 6,526

* 2,479

3,294

* 585

5,747

* 2,975

13,578

* 1,539

3,105

5,316

6,455

107,967

* 860

* 156

114,828

30,408

3,649,913

3,631,497

18,416

3,148,353

1,024,035

57,936

107,440

754,926

14,276

131,204

41,746

5,342

239,940

* 23,422

185,398

* 34

310,048

3,339

113,518

5,303

4,699

12,515

38,721

5,338

* 830

13,756

5,125

187,945

38,410

219,223

37,197

13,822

28,563

623,481

4,160

* 463

* 597

501,568

39,803

1,950,297

1,859,732

90,565

1,176,154

231,235

* 756

* 5,827

* 200,352

* 18,631

* 5,669

* 10,459

80,333

* 13,013

* 38,561

133,386

* 26

19,474

9,906

15,602

13,324

17,386

10,581

* 11,479

19,085

60,031

69,656

* 4,962

19,991

18,278

22,096

341,432

* 11,704

* 1,280

* 486

775,066

5,045

117,133

115,903

* 1,229

81,599

* 1,614

* 26

* 66

* 682

* 773

* 227

* 160

* 1,973

* 2,385

* 111

* 8,381

* 1,571

* 746

* 1,282

* 4,039

* 232

* [4]

* 6,690

* 4,534

* 3,098

* 242

* 4,602

* 373

* 2,318

36,201

* 329

35,534

84,977

6,308,374

6,217,265

91,108

5,194,180

2,253,125

71,733

99,664

1,784,487

279,186

100,859

82,804

25,936

277,864

71,089

152,353

* 75

267,317

4,637

100,084

26,386

11,608

7,535

23,325

14,688

* 670

37,759

47,365

125,352

147,453

766,863

115,171

33,942

52,747

588,739

20,553

844

* 12

1,114,194

4,354,979

31,874,908

3,635,804

28,239,105

34,176

195,397

37,254

158,144

* 700

* 2,539

* 2,045

* 494

3,283

21,149

* 7,405

* 13,744

6,005

28,030

* 4,198

* 23,831

* 903

* 4,718

* 872

* 3,846

23,284

138,961

22,733

116,228

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Mining

Net income status, item

Utilities

Total

Oil and

gas extraction

Coal

mining

Metal ore

mining

Nonmetallic

mineral

mining and

quarrying

Support

activities for

mining

Total

(8)

(9)

(10)

(11)

(12)

(13)

(14)

330

354,224

349,729

* 4,495

369,884

* 217,016

* 3,485

* 28,905

* 104,969

* 18,776

* 64,337

* 3,457

* 105

* 1,717

* 2,812

* 12,640

* 8,190

23,399

* 1,047

3,101

1,989

* 161

3,822

507

* 62

3,270

* 617

3,777

1,248

16,476

5,254

* 267

989

61,330

-15,660

12,492

-28,152

* 662

* 57,369

* 57,334

* 35

* 66,260

* 49,280

* 6,873

* 5,549

* 49,426

* 3,207

* 15,775

* 1,108

* 297

* 3,231

* 177

* 228

* 932

* 10

* 1,267

* 385

* 44

* 324

* 3,624

* 658

* 73

* 335

* 4,278

* -8,891

3,028

652,198

648,204

3,994

625,019

229,428

* 28,108

34,575

63,032

10,051

141,876

48,214

5,399

2,629

* 41

* 6,662

13,199

117,263

* 3,276

8,190

3,754

179

* 17,400

23,750

2,090

8,324

* 105

15,973

2,824

44,687

10,415

725

11,875

96,771

* 58

27,179

97,440

-70,261

23,686

2,644,392

2,602,043

42,349

1,825,805

367,430

* 3,259

43,210

193,644

37,371

94,284

* 4,338

5,480

200,474

7,013

38,563

11,664

201,878

5,301

82,526

22,571

13,237

2,353

36,158

12,308

* 2,950

29,996

8,594

62,214

58,948

262,406

55,139

38,464

34,823

251,443

8,345

* 1,442

* 168

819,362

943,313

-123,951

12,650

321,981

316,927

* 5,054

292,086

111,812

* 12,752

* 1,744

* 106,129

* 1,757

* 2,144

* 12,713

* 2,546

19,630

* 17

* 17,757

* 828

24,285

* 4,514

3,143

4,623

1,637

* 292

7,714

2,102

* 14

* 734

* 6,044

5,362

884

* 29,138

2,958

3,581

6,773

30,532

* 836

* 143

* 1,181

30,470

61,210

-30,740

BUSINESSES WITH AND

WITHOUT NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income less deficit [1,2]

Net income [1,2]

Deficit [2]

Footnotes at end of table.

134,372

17,653,003

16,987,113

665,891

14,749,829

3,249,483

151,123

140,580

1,003,447

277,893

1,873,966

197,527

36,491

383,597

50,961

218,753

1,314,777

1,481,030

19,935

166,735

148,411

33,373

39,897

236,987

50,290

8,900

63,119

46,165

227,549

164,099

651,406

487,756

88,009

108,438

5,431,583

19,952

2,000

651

2,912,813

4,411,402

-1,498,589

106,666

13,944,820

13,329,803

615,017

11,862,861

2,386,330

109,398

28,340

592,377

208,489

1,573,470

125,743

25,505

177,668

41,094

160,592

1,281,721

1,135,259

10,307

72,741

119,869

19,884

19,984

172,325

35,374

5,888

20,263

36,463

145,541

100,754

324,214

416,290

48,479

60,417

5,017,761

11,550

555

484

2,090,823

3,358,158

-1,267,335

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Mining

Net income status, item

BUSINESSES WITH NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income [1,2]

Returns with Schedule C-EZ:

Number of returns

Business receipts

Business deductions

Net income

Utilities

Total

Oil and

gas extraction

Coal

mining

Metal ore

mining

Nonmetallic

mineral

mining and

quarrying

Support

activities for

mining

Total

(8)

(9)

(10)

(11)

(12)

(13)

(14)

104,824

13,896,902

13,333,346

563,556

9,490,969

2,056,151

80,135

88,959

703,862

234,988

1,039,085

90,879

33,479

336,069

29,510

179,217

1,038,515

910,113

13,954

131,348

79,914

28,029

18,922

78,826

37,208

7,138

36,625

28,222

180,782

133,995

434,226

355,330

60,798

89,181

3,152,536

18,815

1,723

* 91

4,411,402

80,470

11,084,680

10,556,900

527,780

7,731,992

1,675,330

57,324

26,378

540,523

196,121

918,878

63,894

23,481

143,732

23,232

132,275

1,018,229

705,780

6,828

56,854

68,689

16,662

8,584

59,902

25,939

4,285

14,644

20,734

115,384

84,489

219,930

314,545

33,792

50,534

2,880,511

11,103

446

* 91

3,358,158

295

86,755

85,281

* 1,474

74,263

* 3,839

* 1,444

* 130

* 12,491

* 3,772

* 3,534

* 11

* 380

* 363

* 199

* 270

* 687

* 319

* 812

* 770

* 1,197

* 1,489

* 60

* 51

* 42,411

12,492

2,447

529,721

527,116

* 2,605

432,282

182,670

* 19,700

* 30,784

57,709

* 5,785

* 91,792

* 23,100

* 5,195

* 2,543

* 2,865

6,135

70,307

* 3,066

4,768

847

* 104

* 8,574

* 9,998

1,540

* 3,450

* 59

10,143

* 1,707

* 30,941

6,869

* 155

9,633

70,655

* 58

97,440

21,612

2,195,745

2,164,048

31,697

1,252,432

194,311

* 3,111

* 31,797

101,791

33,083

28,414

* 3,885

4,797

188,350

6,147

31,586

10,379

130,491

4,049

69,347

10,015

11,260

* 1,763

8,727

9,459

* 2,846

17,844

7,110

54,444

47,029

182,158

32,427

26,791

28,962

158,959

7,654

* 1,275

943,313

8,895

208,130

209,075

* -945

146,920

* 95,749

* 1,744

* 90,289

* 1,725

* 1,991

* 35

* 2,901

* 10

* 17,748

* 739

* 964

* 341

* 999

* 2,288

* 100

* 51

* 118

* 130

* 14

* 714

* 307

* 972

* 113

* 9,951

* 1,771

* 1,524

* 442

* 4,579

* 29

61,210

19,350

195,713

22,132

173,581

15,259

76,276

16,587

59,689

* 32

* 220

* 19

* 201

* 292

* 35,171

* 3,766

* 84,047

* 5,527

* 78,520

* 5,489

* 25,396

* 4,331

* 21,065

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Construction

Net income status, item

Manufacturing

Total

Residential

building

construction

Nonresidential

building

construction

Heavy

and civil

engineering

construction

Specialty

trade

contractors

Total

Food

manufacturing

(15)

(16)

(17)

(18)

(19)

(20)

(21)

BUSINESSES WITH AND

WITHOUT NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income less deficit [1,2]

Net income [1,2]

Deficit [2]

Footnotes at end of table.

2,821,745

206,688,428

204,893,933

1,794,496

177,584,331

88,638,224

8,747,651

15,291,341

25,808,246

29,769,186

17,325,444

8,303,644

1,191,850

15,556,031

684,047

12,780,317

29,974

6,729,355

314,650

3,967,086

1,130,200

640,697

853,592

1,200,349

1,066,803

44,896

1,342,334

1,380,449

2,118,446

8,065,637

9,202,744

2,091,781

874,035

2,454,458

13,518,065

1,350,582

138,064

10,104

86,260

29,153,787

35,436,753

-6,282,965

417,996

44,486,914

44,141,490

345,424

40,526,287

25,554,909

5,191,942

3,182,474

7,124,590

7,406,669

7,311,809

4,662,576

162,283

2,212,262

281,923

2,598,479

* 254

869,629

25,708

580,088

242,376

83,305

310,346

299,215

161,595

7,687

197,017

190,671

246,811

1,375,896

1,255,832

348,609

84,677

397,831

2,733,892

245,530

23,699

* 156

3,789

3,988,593

5,598,779

-1,610,186

78,938

10,301,953

10,154,086

147,867

9,369,712

5,842,181

246,974

779,494

1,274,570

1,625,190

2,191,303

275,349

48,132

521,074

12,831

456,972

314,894

14,040

176,351

58,588

34,274

42,814

71,007

54,121

2,564

69,575

66,624

72,468

228,295

380,416

93,156

70,179

73,002

629,818

30,096

6,166

* 8,488

939,204

1,272,691

-333,487

61,515

8,808,104

8,550,045

258,059

8,325,669

4,565,576

1,704,778

453,048

2,085,121

820,995

1,363,519

1,861,885

63,914

319,218

28,016

308,468

* 3,637

531,102

22,835

158,791

109,767

29,932

128,083

143,007

42,658

4,824

81,422

47,951

169,627

169,950

413,503

123,498

59,446

80,582

693,181

23,723

3,085

* 1,774

485,373

1,200,161

-714,789

2,263,296

143,091,457

142,048,312

1,043,144

119,362,662

52,675,559

1,603,958

10,876,325

15,323,965

19,916,332

6,458,813

1,503,834

917,521

12,503,477

361,278

9,416,399

26,082

5,013,730

252,067

3,051,856

719,469

493,187

372,349

687,121

808,429

29,820

994,320

1,075,204

1,629,539

6,291,496

7,152,993

1,526,518

659,733

1,903,043

9,461,174

1,051,233

105,114

9,948

72,209

23,740,617

27,365,122

-3,624,504

340,237

28,109,966

27,858,338

251,627

25,443,814

13,524,573

1,770,942

1,378,684

8,322,231

2,116,057

1,722,394

1,785,735

294,799

1,056,203

130,305

372,652

186

1,313,764

100,274

357,113

182,618

61,925

125,880

219,524

230,040

18,556

179,108

851,786

344,189

808,771

2,100,981

455,053

176,162

627,410

1,734,215

133,102

22,107

* 1,770

18,488

2,694,049

4,295,424

-1,601,375

35,793

4,156,833

4,082,228

74,604

4,108,784

2,576,576

418,183

72,001

1,990,421

235,369

326,188

465,587

71,632

112,810

17,456

17,572

* 62

119,905

10,459

33,008

29,563

6,419

26,228

39,425

21,068

1,239

25,258

103,183

67,635

106,298

283,940

71,816

24,962

92,097

238,136

* 2,632

* 1,218

* 130

* 1,472

50,186

291,498

-241,312

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Construction

Net income status, item

BUSINESSES WITH NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income [1,2]

Returns with Schedule C-EZ:

Number of returns

Business receipts

Business deductions

Net income

Manufacturing

Total

Residential

building

construction

Nonresidential

building

construction

Heavy

and civil

engineering

construction

Specialty

trade

contractors

Total

Food

manufacturing

(15)

(16)

(17)

(18)

(19)

(20)

(21)

2,304,865

172,740,182

171,309,443

1,430,739

137,309,040

67,705,684

3,470,720

12,622,244

18,864,892

24,115,257

11,983,714

3,351,143

912,428

12,555,778

486,324

10,871,386

29,755

4,935,849

230,025

3,133,598

784,145

517,919

422,181

785,144

821,189

39,817

983,196

1,071,357

1,529,793

6,647,762

7,088,594

1,589,495

676,101

1,924,938

10,100,933

1,111,082

105,754

* 7,345

15,917

35,436,753

332,398

33,758,359

33,533,250

225,109

28,165,248

17,190,527

1,911,278

2,570,037

4,405,536

5,574,352

4,392,112

1,662,787

110,609

1,745,235

170,221

2,110,080

* 64

640,154

15,448

443,030

176,985

67,172

106,482

166,845

114,061

6,753

139,708

151,414

149,035

1,100,725

917,033

248,581

59,427

304,195

1,756,616

215,384

20,975

* 156

* 300

5,598,779

67,760

8,452,764

8,322,408

130,355

7,180,073

4,391,256

137,926

615,875

857,585

1,229,842

1,703,749

153,721

41,852

443,244

7,241

399,338

213,542

11,089

127,135

36,731

31,939

22,814

41,546

42,543

2,473

45,670

59,950

56,528

199,420

322,035

71,606

60,509

61,135

455,683

28,554

6,107

* 8,373

1,272,691

45,525

5,788,181

5,618,485

169,696

4,587,466

2,286,028

552,666

306,704

656,230

589,897

809,113

628,582

51,382

241,058

14,717

197,096

* 3,625

357,054

6,596

115,960

48,707

23,517

25,453

72,343

31,024

4,708

47,615

32,697

113,254

133,943

233,399

66,036

43,233

53,112

364,079

17,870

2,019

* 114

1,200,161

1,859,182

124,740,879

123,835,300

905,578

97,376,253

43,837,873

868,850

9,129,628

12,945,541

16,721,166

5,078,740

906,052

708,584

10,126,241

294,144

8,164,873

26,067

3,725,099

196,892

2,447,472

521,722

395,290

267,431

504,410

633,561

25,883

750,202

827,296

1,210,976

5,213,674

5,616,127

1,203,271

512,932

1,506,496

7,524,556

849,275

76,654

* 7,189

7,130

27,365,122

208,296

22,108,550

21,929,531

179,019

17,814,931

10,159,548

1,117,805

960,717

6,180,475

1,635,710

1,265,713

1,000,873

163,196

665,098

93,153

246,560

* 71

727,356

68,916

258,906

95,121

41,007

49,026

118,275

144,426

13,746

120,550

534,201

232,151

547,152

1,451,325

334,966

105,176

401,017

1,116,884

82,480

10,547

* 797

* 64

4,295,424

20,469

2,926,311

2,887,484

38,827

2,634,812

1,872,942

212,802

30,144

1,538,716

124,913

194,279

227,912

20,091

58,285

9,272

11,718

44,160

7,999

17,565

13,378

3,193

7,977

10,769

11,318

1,121

22,147

43,290

35,225

58,959

181,981

54,421

7,829

39,564

91,709

* 492

* 130

* 64

291,498

467,419

3,434,948

357,727

3,077,221

60,599

484,207

59,462

424,745

9,723

102,686

* 6,239

96,446

4,904

42,869

* 2,961

39,908

392,194

2,805,186

289,065

2,516,121

47,428

299,395

44,622

254,773

8,689

66,556

* 9,407

57,149

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Manufacturing—continued

Net income status, item

Textile

and textile

product mills

Apparel

Leather

and allied

products

Wood

products

Paper

products

Printing

and related

support

activities

Petroleum

and coal

products

(22)

(23)

(24)

(25)

(26)

(27)

(28)

5,026

342,315

341,071

* 1,244

355,623

216,386

* 9,708

* 72,808

* 70,669

* 46,072

* 26,371

* 9,242

* 5,048

9,961

* 86

* 289

27,512

* 700

8,384

1,516

336

* 898

* 4,459

1,662

* 78

* 1,513

* 9,729

4,215

6,658

* 7,442

10,455

* 841

10,718

21,495

* 2,775

* 731

* [4]

-13,308

33,604

-46,912

19,905

875,515

872,644

* 2,871

815,316

347,348

67,720

* 70,133

208,164

38,603

43,146

80,420

7,683

31,341

* 3,900

18,454

24,311

* 1,165

11,906

7,710

1,876

* 38

4,292

10,336

* 48

7,911

66,222

8,022

34,009

88,895

15,696

3,454

25,798

74,259

16,017

* 3,222

* 3,804

60,430

120,580

-60,150

* 3,783

* 61,881

* 54,054

* 7,827

* 71,067

* 42,482

* 38,924

* 6,134

* 23,427

* 11,404

* 597

* 38,005

* 2,051

* 8,721

* 539

* 1,007

* 477

* 378

* 1,870

* 710

* 683

* 859

* 1,068

* 3,786

* 131

* 1,401

* 1,613

* 3,161

* 125

* -9,186

* 16,942

* -26,128

32,965

2,332,029

2,314,915

17,114

2,173,480

1,183,084

140,145

116,568

644,242

336,004

94,646

148,521

14,770

76,016

14,923

14,628

* 26

115,993

6,449

30,834

14,091

1,174

13,202

14,445

11,272

* 1,079

15,203

50,554

66,079

60,754

198,355

38,956

8,563

54,397

150,323

16,378

* 2,925

* 1,687

160,722

276,806

-116,084

* 709

* 28,050

* 25,849

* 2,201

* 35,873

* 10,291

* 2,257

* 2,527

* 3,434

* 28

* 318

* 156

* 164

* 372

* 947

* 2,720

* 36

* 888

* 182

* 11,548

* -7,824

* 2,020

* -9,844

36,181

2,566,657

2,549,730

16,928

2,255,655

1,050,860

32,799

70,779

603,608

181,640

191,382

29,347

41,270

116,691

12,346

32,324

128,373

6,502

32,450

11,511

6,266

* 14,512

23,604

43,701

* 724

11,244

129,911

26,887

60,954

208,448

38,816

15,272

82,164

149,322

10,874

* 1,517

* 27

* 1,401

312,791

437,018

-124,227

468

* 99,206

* 98,660

* 546

93,290

* 85,584

* 435

* 79,026

* 6,803

* 687

* 101

* 65

* 861

* 60

* 26

* 1,410

* 499

* 66

* 58

* 55

* 253

* 63

* 16

* 64

* 144

* 16

* 854

* 103

* 238

* 65

* 2,637

5,916

* 7,200

* -1,284

BUSINESSES WITH AND

WITHOUT NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income less deficit [1,2]

Net income [1,2]

Deficit [2]

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Manufacturing—continued

Net income status, item

BUSINESSES WITH NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income [1,2]

Returns with Schedule C-EZ:

Number of returns

Business receipts

Business deductions

Net income

Textile

and textile

product mills

Apparel

Leather

and allied

products

Wood

products

Paper

products

Printing

and related

support

activities

Petroleum

and coal

products

(22)

(23)

(24)

(25)

(26)

(27)

(28)

1,886

179,979

* 179,404

* 574

* 146,374

* 96,521

* 9,007

* 5,870

* 66,192

* 8,561

* 15,386

* 8,495

* 5,008

* 3,808

* 40

* 38

* 9,411

* 678

* 469

* 670

* 98

* 62

* 166

* 1,036

* 73

* 157

* 128

* 1,109

* 1,628

* 5,217

* 6,177

* 210

* 1,233

* 7,196

* 2,774

* 731

33,604

10,701

669,070

667,226

* 1,844

548,490

204,700

* 34,191

* 62,855

* 102,390

* 11,715

* 33,499

* 39,951

2,493

21,988

* 657

* 17,247

10,092

* 113

10,535

3,863

598

* 2,551

8,883

* 48

* 3,999

49,316

7,498

31,106

* 76,329

14,060

* 890

20,130

45,637

* 11,120

* 1,631

120,580

* 2,697

* 22,869

* 15,903

* 6,966

* 5,927

* 2,023

* 2,200

* 185

* 104

* 525

* 117

* 205

* 445

* 125

* 16,942

20,818

1,914,912

1,900,793

14,120

1,638,107

931,614

94,178

* 87,832

476,980

296,831

55,067

79,274

11,867

53,831

* 13,401

12,497

53,212

* 2,759

22,674

9,418

* 484

* 5,549

9,213

6,604

* 619

* 13,940

41,295

58,564

44,433

146,888

28,690

4,676

38,173

119,420

* 6,352

* 1,430

276,806

* 2,121

* 101

* [4]

* 80

* 2,020

21,510

1,968,698

1,953,271

15,427

1,531,680

743,796

21,729

* 30,211

419,191

* 115,182

177,298

19,815

27,065

65,950

* 6,750

18,072

75,386

* 2,321

26,459

9,102

5,403

* 10,989

20,547

20,900

* 600

6,936

68,005

21,510

44,015

161,055

26,627

12,788

50,631

99,205

* 6,940

* 792

437,018

* 444

* 99,056

* 98,509

* 546

* 91,856

* 85,578

* 435

* 79,020

* 6,803

* 687

* 101

* 46

* 861

* 60

* 708

* 480

* 50

* 58

* 55

* 253

* 59

* 16

* 64

* 144

* 16

* 854

* 95

* 236

* 58

* 2,003

* 7,200

* 530

* 3,880

* 2,469

* 1,411

* 4,259

* 35,634

* 4,629

* 31,005

* 1,024

* 10,593

* 3,420

* 26,646

* 1,934

* 24,713

* 1,992

* 14,225

* 627

* 13,598

* 138

* 232

* 51

* 180

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Manufacturing—continued

Net income status, item

Chemical

manufacturing

Plastics,

rubber, clay,

refractory,

and glass

products

Nonmetallic

mineral

products

Primary

metal

industries

Fabricated

metal

products

Machinery

Computer

and

electronic

products

(29)

(30)

(31)

(32)

(33)

(34)

(35)

11,569

1,081,306

1,079,816

1,490

1,120,858

689,093

170,053

* 2,909

456,652

54,301

42,829

37,650

9,159

28,141

5,226

33,753

53,927

5,089

15,022

7,908

1,708

* 6,024

5,878

14,924

* 1,355

12,197

14,277

11,142

15,380

101,502

13,367

11,606

20,383

41,191

* 1,137

* 255

* 448

-39,552

82,500

-122,052

11,868

378,462

376,974

* 1,488

400,579

205,099

34,424

* 14,398

168,514

11,377

11,852

35,466

2,270

19,857

* 883

* 1,281

23,225

* 2,654

5,833

2,326

1,585

* 1,058

4,189

1,195

* 301

3,386

7,402

1,090

9,896

51,227

8,643

2,989

11,405

28,785

* 2,888

* 1,455

* 1,921

-21,828

15,526

-37,354

3,271

713,751

712,554

* 1,196

627,292

318,576

* 24,869

* 3,933

* 140,891

* 46,380

* 130,552

* 28,049

3,744

* 10,535

* 581

* 13,655

* [4]

39,461

* 9,919

15,316

2,615

* 2,080

* 8,150

* 1,295

1,962

* 842

* 885

16,599

15,093

74,165

13,281

4,806

12,184

60,876

* 673

* 80

86,459

118,070

* -31,611

4,879

602,321

581,658

* 20,663

589,136

347,610

* 10,839

* 64,216

* 234,062

* 24,740

* 22,609

* 8,855

2,697

* 11,469

* 5,650

* 3,988

19,351

* 2,118

10,917

3,944

* 1,150

* 10,804

4,432

* 623

* 15,949

* 24,997

5,898

5,401

* 56,804

8,453

* 2,711

15,574

28,594

12,522

71,316

* -58,794

28,335

3,734,667

3,675,190

59,477

3,337,903

1,839,711

136,026

236,780

1,044,733

324,226

262,359

164,413

19,300

103,828

11,948

27,595

204,392

17,893

44,000

19,551

7,558

18,974

30,855

34,931

3,428

10,699

99,360

39,095

90,974

304,827

66,566

11,873

61,264

253,926

* 9,688

* 1,881

* 503

397,452

546,663

-149,211

23,019

3,051,994

3,044,819

7,175

2,591,394

1,315,182

200,589

151,824

644,664

173,538

270,096

125,529

19,033

84,620

10,615

41,079

227,077

11,512

51,491

15,522

6,873

7,385

27,145

21,411

3,755

30,325

75,824

33,586

85,566

257,936

44,839

12,225

74,478

112,461

15,911

* 2,798

* 849

460,528

586,768

-126,240

13,545

413,813

411,434

* 2,379

283,844

104,687

* 28,762

* 9,347

71,776

* 6,087

* 17,809

* 29,094

6,149

46,735

* 360

* 7,615

13,216

* 491

* 3,633

1,076

1,486

* 4,750

* 3,468

7,160

* 2,551

* 5,930

2,759

9,465

* 13,581

5,024

2,002

7,747

27,739

* 6,221

* 418

* 946

* 530

133,222

161,886

-28,664

BUSINESSES WITH AND

WITHOUT NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income less deficit [1,2]

Net income [1,2]

Deficit [2]

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Manufacturing—continued

Net income status, item

BUSINESSES WITH NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income [1,2]

Returns with Schedule C-EZ:

Number of returns

Business receipts

Business deductions

Net income

Chemical

manufacturing

Plastics,

rubber, clay,

refractory,

and glass

products

Nonmetallic

mineral

products

Primary

metal

industries

Fabricated

metal

products

Machinery

Computer

and

electronic

products

(29)

(30)

(31)

(32)

(33)

(34)

(35)

4,688

878,102

877,844

* 258

795,602

600,341

* 165,916

* 386

* 385,010

* 44,960

* 27,176

* 23,106

* 5,611

15,646

* 2,818

* 11,091

3,395

* 4,677

7,532

2,019

1,062

* 4,147

8,768

* 835

* 1,998

* 6,289

* 6,420

8,336

* 49,380

5,840

8,677

7,235

31,073

* 946

* 130

82,500

4,772

182,931

167,405

* 142,715

* 7,721

* 5,196

* 136,651

* 711

* 5,273

* 12,837

* 378

* 2,152

* 46

* 2,610

* 27

* 429

* 542

* 1,437

* 220

* 301

* 272

* 2,016

* 506

* 8,823

* 948

* 137

* 1,359

* 1,040

* 340

15,526

2,218

650,077

649,558

* 519

532,007

* 296,476

* 21,016

* 3,681

* 123,004

* 42,660

* 130,221

* 24,105

* 2,667

* 9,284

* 89

* 11,077

* 21,153

* 9,729

* 12,900

* 1,886

* 1,973

* 6,875

* 1,198

* 1,559

* 819

* 431

* 13,111

* 10,216

* 60,670

* 10,727

* 4,383

* 9,128

* 44,983

* 673

* 80

118,070

2,930

528,845

508,734

* 20,110

457,529

* 297,925

* 2,761

* 53,369

* 205,951

* 24,740

* 13,054

* 1,950

* 802

* 8,584

* 3,504

* 955

* 12,946

* 564

* 9,601

* 922

* 288

* 2,518

* 2,795

* 14,604

* 22,701

* 4,029

* 2,210

* 35,681

* 5,371

* 470

* 9,968

21,085

71,316

19,947

3,015,826

2,969,264

46,562

2,469,155

1,380,851

96,800

163,068

752,582

298,797

191,405

121,801

17,282

72,009

10,962

22,758

131,491

15,740

37,010

12,903

5,309

* 2,638

20,347

21,033

3,175

6,299

73,318

20,444

71,457

238,400

55,434

9,387

47,562

180,282

* 7,396

* 86

546,663

17,369

2,590,381

2,583,964

6,417

2,003,613

1,124,019

177,194

129,216

560,865

155,047

202,832

101,135

8,699

70,583

6,513

24,909

127,923

9,722

41,592

9,149

4,637

* 3,794

15,301

13,851

* 3,585

14,368

48,652

21,688

53,203

203,923

36,757

8,872

57,592

75,875

* 12,858

* 1,949

586,768

7,337

300,139

300,138

138,254

* 56,575

* 4,962

* 2,937

* 51,712

* 2,823

* 5,866

* 3,051

* 20,601

* 88

* 4,269

* 1,485

* 1,295

* 365

* 1,036

* 4,378

* 3,528

* 732

* 2,273

* 8,764

* 3,648

* 1,714

* 2,338

* 17,624

* 4,489

161,886

* 1,986

* 2,929

* 1,468

* 1,460

* 3,818

* 10,847

* 1,103

* 9,744

6,416

36,379

* 5,666

30,713

* 2,266

* 29,269

* 5,544

* 23,725

* 755

* 1,764

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Manufacturing—continued

Net income status, item

Wholesale trade

(merchant wholesalers)

Electrical

equipment,

appliances,

and

components

Transportation

equipment

Furniture

and related

products

Medical

equipment

and supplies

Other

miscellaneous

manufacturing

Total

Durable goods,

including

machinery,

wood, metals,

etc.

(36)

(37)

(38)

(39)

(40)

(41)

(42)

3,318

500,680

498,333

2,347

435,343

290,383

24,370

* 19,027

178,624

* 119,925

* 4,421

55,983

3,352

6,181

* 1,275

* 6,519

4,819

* 2,003

2,613

2,803

1,204

* 3,745

1,794

* 633

* 10,655

4,976

* 1,256

2,936

31,955

3,263

3,034

20,165

29,401

65,337

88,050

* -22,713

10,919

936,764

934,255

2,509

937,420

466,316

94,755

141,834

202,107

82,741

65,070

120,191

10,809

75,195

* 621

32,401

15,903

2,025

16,800

8,734

2,499

* 595

4,911

6,352

* 333

6,196

40,522

15,017

63,069

69,381

15,786

17,828

13,190

52,657

* 280

* 211

* 1,264

4,255

110,832

-106,577

28,835

2,486,626

2,483,431

3,195

1,854,469

827,273

110,169

138,608

480,910

147,472

60,572

110,457

17,184

148,024

15,499

73,716

* 65

100,319

* 4,427

33,222

12,424

7,849

* 8,297

9,377

14,107

* 2,194

5,862

80,349

12,994

103,903

107,387

36,139

13,610

53,481

147,111

18,216

* 2,202

* 550

632,157

674,436

-42,279

8,302

646,131

644,386

* 1,745

545,107

233,258

* 10,259

* 918

* 171,597

* 50,984

* 12,395

* 12,895

17,026

33,270

* 17,768

25,315

8,041

4,722

3,635

9,333

1,936

* 1,018

2,028

5,056

* 710

* 7,667

19,780

3,018

22,208

45,805

6,143

13,365

10,292

42,423

* 9,486

* 1,769

* 668

101,023

127,327

-26,303

57,548

3,100,965

3,076,336

24,629

2,811,381

1,374,775

218,342

186,033

897,853

225,196

132,696

285,344

39,263

130,216

9,768

18,973

* [4]

185,496

12,144

36,757

31,546

7,842

14,693

28,641

27,769

2,038

11,277

117,823

27,886

114,176

191,973

57,540

24,497

60,214

258,170

19,800

* 1,425

* 4,056

302,745

526,381

-223,636

BUSINESSES WITH AND

WITHOUT NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income less deficit [1,2]

Net income [1,2]

Deficit [2]

Footnotes at end of table.

325,522

52,343,754

51,870,334

473,420

48,251,387

35,656,760

3,265,995

636,810

31,187,613

1,479,457

2,469,734

3,382,848

357,245

1,497,711

502,568

421,591

2,321

744,175

95,971

319,991

232,367

171,463

125,309

218,514

253,242

17,711

138,173

721,644

280,508

624,316

1,565,891

368,252

494,808

490,620

2,703,535

222,432

22,532

* 106

20,824

4,118,498

5,572,750

-1,454,253

135,479

23,705,289

23,440,747

264,542

22,096,926

16,708,637

2,048,030

305,852

14,776,281

788,834

979,645

2,190,004

179,120

613,789

235,869

171,468

* 1,482

404,691

39,196

157,625

111,999

70,403

71,597

95,774

121,140

10,249

51,925

323,153

130,667

282,302

722,086

193,812

223,403

208,845

860,937

100,034

10,175

* 106

9,304

1,620,013

2,276,297

-656,284

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Manufacturing—continued

Net income status, item

BUSINESSES WITH NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income [1,2]

Returns with Schedule C-EZ:

Number of returns

Business receipts

Business deductions

Net income

Wholesale trade

(merchant wholesalers)

Electrical

equipment,

appliances,

and

components

Transportation

equipment

Furniture

and related

products

Medical

equipment

and supplies

Other

miscellaneous

manufacturing

Total

Durable goods,

including

machinery,

wood, metals,

etc.

(36)

(37)

(38)

(39)

(40)

(41)

(42)

3,260

438,282

436,270

* 2,012

350,232

238,150

* 13,822

* 12,692

* 126,814

* 118,764

* 1,892

* 35,834

* 1,748

* 6,094

* 655

* 6,044

1,979

* 934

* 1,846

1,145

* 1,132

* 1,304

* 1,407

* 409

* 9,479

* 3,414

* 936

* 2,853

* 24,547

2,522

* 2,546

* 19,757

20,954

88,050

5,763

606,916

605,821

* 1,094

496,083

255,541

* 33,414

* 95,108

* 91,591

* 35,099

* 32,577

* 32,248

* 4,901

30,015

* 620

* 30,728

* 3,502

* 1,229

12,226

* 1,216

* 1,876

* 225

* 1,124

* 5,063

* 31

* 2,335

* 16,698

* 11,834

* 50,360

* 17,783

8,067

4,206

* 6,548

29,956

110,832

22,732

2,165,417

2,162,297

* 3,120

1,490,981

692,598

85,115

* 102,172

387,044

146,765

60,571

89,068

15,853

121,574

15,484

38,143

* 65

93,046

* 1,381

26,316

9,605

7,253

* 3,717

8,283

12,499

* 1,166

5,642

57,301

11,477

71,656

* 60,918

28,141

13,186

41,274

137,269

* 15,696

* 1,927

674,436

6,714

479,075

478,671

* 404

351,748

98,180

* 7,857

* 403

* 48,588

* 47,214

* 3,556

* 9,438

* 4,192

30,560

* 15,278

21,542

7,000

* 4,415

2,817

5,473

1,854

* 150

* 1,419

3,995

* 708

* 7,658

17,138

2,678

18,850

33,583

4,683

11,711

8,421

38,481

* 9,158

* 1,767

* 668

127,327

32,034

2,489,543

2,469,326

20,216

1,964,974

1,039,003

129,314

175,143

628,174

161,721

112,003

167,352

31,384

71,890

6,163

15,365

127,672

6,627

27,159

13,415

4,747

6,987

17,698

19,945

* 1,052

9,896

80,617

14,246

75,048

136,528

42,639

13,178

39,842

152,646

* 3,121

* 26

526,381

205,647

42,913,616

42,453,743

459,873

37,342,413

28,469,039

2,172,934

494,882

24,885,126

1,085,728

2,127,505

2,297,137

221,108

1,066,729

413,828

288,507

1,807

477,442

78,556

227,853

136,769

138,854

61,635

120,490

186,033

16,776

96,910

518,098

204,221

484,325

1,149,524

249,901

381,679

346,168

1,828,317

154,025

13,094

3,447

5,572,750

86,599

19,761,789

19,520,545

241,244

17,486,329

13,693,397

1,351,165

208,776

12,191,052

623,129

821,055

1,501,780

107,690

445,756

193,312

110,137

* 1,393

256,335

31,297

105,026

71,362

58,593

20,926

67,155

88,419

10,106

26,444

220,299

92,533

229,999

529,922

122,124

176,659

149,572

596,698

74,903

7,596

* 1,354

2,276,297

* 973

* 1,075

* 377

* 698

* 1,998

* 11,824

* 1,439

* 10,385

* 1,690

* 6,661

* 1,804

* 4,857

7,474

40,883

* 8,104

32,779

38,991

264,407

24,270

240,136

15,677

78,519

6,721

71,798

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Retail trade

Wholesale trade (merchant

wholesalers)—continued

Net income status, item

BUSINESSES WITH AND

WITHOUT NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income less deficit [1,2]

Net income [1,2]

Deficit [2]

Footnotes at end of table.

Nondurable

goods,

including

food, fiber,

chemicals, etc.

Wholesale

electronic

markets and

agents and

brokers

(43)

(44)

100,241

22,368,567

22,259,382

109,185

20,920,500

15,626,127

1,037,632

285,608

13,579,766

475,340

1,223,583

975,801

123,765

515,872

183,290

173,607

* 839

274,822

26,473

132,405

80,745

51,422

32,532

103,748

82,215

5,006

56,970

290,702

128,976

291,256

683,160

151,196

141,869

191,373

1,497,740

66,139

7,211

8,657

1,461,836

1,994,639

-532,802

89,801

6,269,898

6,170,206

99,692

5,233,961

3,321,995

180,333

45,350

2,831,567

215,283

266,505

217,043

54,360

368,049

83,409

76,517

* [4]

64,662

30,302

29,961

39,623

49,639

21,180

18,991

49,887

2,456

29,279

107,789

20,865

50,758

160,644

23,243

129,536

90,402

344,858

56,259

5,146

* 2,862

1,036,649

1,301,815

-265,166

Total

Motor

vehicle and

parts

dealers

Furniture

and home

furnishing

stores

Electronic

and appliance

stores

Building

material and

garden

equipment

and supplies

dealers

(45)

(46)

(47)

(48)

(49)

45,128

4,331,050

4,292,281

38,769

3,976,737

2,220,682

706,768

150,578

1,770,201

223,003

74,491

704,358

128,617

147,153

40,594

69,977

* 343

70,699

9,608

43,714

20,759

13,604

36,118

26,812

29,508

* 775

29,017

312,776

32,947

41,654

210,063

72,892

32,483

116,527

253,722

14,185

* 5,134

* 2,812

355,250

536,726

-181,476

32,022

4,836,187

4,773,219

62,968

4,490,041

2,820,506

400,027

222,924

2,448,638

66,242

83,868

401,192

107,694

143,682

18,963

72,335

65,103

18,209

51,285

14,087

11,110

19,932

31,707

41,330

* 415

47,314

135,706

19,129

96,776

334,248

102,885

32,834

106,454

169,978

27,809

2,710

* 2,188

346,146

467,415

-121,268

43,178

8,367,667

8,301,860

65,807

7,661,063

5,260,086

1,040,032

189,968

4,628,858

192,570

318,792

1,110,132

94,774

176,899

31,850

65,285

* 592

199,768

26,972

95,521

32,436

13,262

53,252

46,363

35,829

* 3,560

26,769

111,089

65,398

78,305

546,661

133,242

18,041

162,203

368,288

9,098

* 213

* 1,012

714,661

861,849

-147,188

2,275,476

196,844,560

194,721,473

2,123,086

188,900,346

132,845,871

22,981,355

1,822,356

120,340,761

6,418,929

4,578,925

23,296,455

2,303,936

6,265,499

960,606

1,091,120

6,015

2,894,967

251,915

1,445,030

798,232

455,331

825,641

1,137,139

1,096,150

67,500

705,954

6,150,702

1,200,494

2,597,189

8,398,223

2,814,867

1,102,714

3,597,850

8,948,051

702,195

106,931

* 4,516

181,093

8,012,708

16,853,669

-8,840,961

141,986

39,539,674

39,177,142

362,531

38,827,723

31,162,759

5,663,867

288,426

28,807,423

912,054

1,189,642

5,698,653

346,283

672,072

192,698

239,252

* 1,243

349,934

38,527

302,584

97,417

36,416

158,581

335,036

137,959

2,019

50,516

607,096

243,463

325,970

1,280,508

451,942

81,710

382,906

1,294,779

11,055

1,534

* 39

2,355

733,028

1,800,047

-1,067,018

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Retail trade

Wholesale trade (merchant

wholesalers)—continued

Net income status, item

BUSINESSES WITH NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income [1,2]

Returns with Schedule C-EZ:

Number of returns

Business receipts

Business deductions

Net income

Nondurable

goods,

including

food, fiber,

chemicals, etc.

Wholesale

electronic

markets and

agents and

brokers

(43)

(44)

Total

Motor

vehicle and

parts

dealers

Furniture

and home

furnishing

stores

Electronic

and appliance

stores

Building

material and

garden

equipment

and supplies

dealers

(45)

(46)

(47)

(48)

(49)

62,503

17,868,712

17,734,303

134,409

15,874,073

12,105,272

708,712

250,780

10,481,909

278,543

1,040,603

655,276

71,106

355,332

154,206

130,232

* 415

188,558

20,494

100,032

50,302

43,336

20,203

42,205

63,857

4,774

48,698

212,766

101,276

230,775

535,776

113,684

103,272

133,630

1,005,870

29,751

1,616

* 632

1,994,639

56,546

5,283,115

5,198,894

84,221

3,982,011

2,670,370

113,056

* 35,326

2,212,165

184,056

265,847

140,080

42,312

265,641

66,309

48,138

32,548

26,765

22,794

15,105

36,925

20,506

11,130

33,756

* 1,896

21,769

85,033

10,413

23,550

83,826

14,093

101,747

62,965

225,749

49,372

3,882

* 1,461

1,301,815

1,178,928

149,566,389

148,063,938

1,502,451

132,720,763

97,502,301

13,153,044

1,380,543

88,815,361

4,335,265

3,535,283

13,717,195

1,310,156

3,618,805

622,853

686,544

2,863

1,562,400

178,595

967,694

480,651

269,654

449,098

575,861

637,419

29,744

469,491

4,046,202

762,785

1,486,529

5,743,701

1,937,490

697,758

2,247,195

5,791,291

419,835

53,463

* 3,606

6,953

16,853,669

95,809

27,100,408

26,926,679

173,729

25,304,353

20,715,047

2,970,585

140,847

19,598,977

341,390

784,688

3,121,440

204,332

445,935

122,095

154,106

189,161

14,064

175,307

54,885

28,001

70,222

160,529

78,857

1,328

36,184

366,565

148,493

215,507

691,439

291,852

52,691

224,301

830,936

8,605

* 878

* 505

1,800,047

31,080

3,078,483

3,070,933

7,550

2,541,757

1,434,468

396,850

114,984

1,125,537

171,088

42,929

416,920

85,731

113,873

26,919

42,081

* 140

50,647

4,783

29,250

11,801

8,690

26,681

11,756

20,527

* 775

22,306

177,343

21,094

22,935

137,195

50,927

25,273

75,219

130,241

* 9,590

* 4,053

536,726

21,707

4,090,173

4,039,508

50,664

3,622,758

2,393,066

272,294

222,840

2,035,150

55,575

82,526

275,320

69,358

103,316

* 11,349

46,472

50,357

15,618

39,594

8,639

6,687

17,671

29,941

31,093

* 255

35,323

99,883

11,765

81,052

228,317

72,752

26,536

68,672

151,204

23,291

* 1,838

* 636

467,415

29,288

7,011,290

6,959,982

51,308

6,149,696

4,327,633

692,592

128,309

3,828,553

174,460

257,556

753,837

76,363

128,706

26,971

63,286

* 592

149,148

25,037

64,095

22,274

12,128

37,598

29,932

28,604

* 3,492

21,617

82,616

48,418

66,542

416,658

98,110

16,400

116,731

276,584

* 4,640

* 209

861,849

11,589

64,425

8,250

56,175

11,725

121,463

9,298

112,164

261,081

1,524,003

237,156

1,286,846

22,033

194,113

24,997

169,116

* 2,478

* 14,242

* 1,510

* 12,732

* 3,975

* 8,522

* 545

* 7,977

* 4,223

* 64,004

* 5,520

* 58,484

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Retail trade—continued

Net income status, item

BUSINESSES WITH AND

WITHOUT NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income less deficit [1,2]

Net income [1,2]

Deficit [2]

Footnotes at end of table.

Food and

beverage

stores

Health and

personal care

stores

Gasoline

stations

Clothing and

accessories

stores

Sporting

goods,

hobby, book,

and music

stores

General

merchandise

stores

Miscellaneous

store

retailers

(50)

(51)

(52)

(53)

(54)

(55)

(56)

103,392

7,467,029

7,421,552

45,476

7,343,693

4,747,185

1,847,663

70,231

4,441,528

173,374

129,910

1,915,521

139,251

168,931

23,292

67,721

* 1,584

140,151

7,143

59,709

43,876

17,567

40,604

47,734

50,556

* 595

19,665

416,806

48,218

136,710

336,587

154,762

48,649

180,225

393,371

49,144

8,841

23,840

123,558

696,952

-573,394

23,544

2,841,834

2,829,358

12,475

2,769,173

1,881,267

429,545

* 676

1,692,552

* 108,260

127,971

477,735

29,556

74,559

2,501

37,451

64,985

* 714

23,746

14,381

2,950

27,580

19,552

14,733

* 314

19,904

127,339

11,491

19,023

123,230

62,874

13,766

60,352

135,960

* 945

* 242

* 474

72,660

211,428

-138,768

90,978

28,514,563

28,068,831

445,732

27,595,610

20,655,160

1,800,319

214,629

19,086,717

941,373

589,608

1,977,488

138,076

259,343

54,669

61,679

* 478

336,145

22,688

197,307

91,439

8,895

98,331

109,749

59,467

1,559

114,481

892,191

200,475

416,386

1,585,459

444,564

37,491

714,081

1,084,989

9,118

* 1,162

* 2,065

929,414

1,491,564

-562,149

133,393

8,894,781

8,801,661

93,120

8,240,958

5,355,152

798,740

29,049

4,851,061

183,001

269,251

775,950

146,250

295,247

37,614

96,683

130,204

22,626

54,484

49,558

40,969

37,529

29,759

65,850

5,661

80,091

277,760

44,289

151,189

525,192

102,376

68,685

155,781

389,897

63,065

6,395

* 248

11,558

651,259

1,160,162

-508,903

21,790

28,899,287

28,670,435

228,852

28,797,550

25,521,579

601,593

23,501

23,910,413

1,249,647

293,074

556,649

30,224

74,465

19,436

29,991

* 1,192

254,905

12,068

103,724

48,303

3,716

126,125

78,449

18,875

907

28,366

323,622

120,990

37,876

765,483

342,544

5,406

292,913

547,089

5,936

* 28

* 19

101,208

397,810

-296,603

127,848

11,609,824

11,554,475

55,350

11,157,231

6,729,413

2,400,816

134,347

6,000,748

441,687

210,277

2,458,462

222,136

188,186

49,032

25,398

163,181

14,514

104,904

80,449

22,816

28,107

73,858

90,722

7,231

39,458

1,068,134

68,285

170,494

663,827

255,714

98,099

243,181

682,229

60,462

10,355

* 346

8,788

453,277

1,104,690

-651,412

529,027

30,631,191

30,329,163

302,028

28,760,186

16,977,950

5,129,421

317,753

14,813,583

1,160,440

795,622

5,238,867

497,655

1,579,177

184,494

206,348

112

603,604

60,417

285,635

165,023

134,552

132,200

212,614

263,151

7,127

189,037

1,535,793

216,000

447,453

1,604,025

499,328

327,175

725,796

1,692,333

150,091

28,467

37,284

1,875,498

3,927,931

-2,052,433

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Retail trade—continued

Net income status, item

BUSINESSES WITH NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income [1,2]

Returns with Schedule C-EZ:

Number of returns

Business receipts

Business deductions

Net income

Food and

beverage

stores

Health and

personal care

stores

Gasoline

stations

Clothing and

accessories

stores

Sporting

goods,

hobby, book,

and music

stores

General

merchandise

stores

Miscellaneous

store

retailers

(50)

(51)

(52)

(53)

(54)

(55)

(56)

63,642

23,297,348

22,905,604

391,744

21,809,459

16,692,769

1,384,837

196,818

15,162,242

888,351

553,547

1,493,026

88,758

180,700

51,474

32,422

* 419

198,439

16,713

154,430

61,840

4,625

58,731

68,660

38,093

763

86,362

659,644

149,596

308,291

1,186,299

340,317

22,905

540,904

861,114

3,810

* 307

* 81

1,491,564

57,826

7,794,683

7,718,412

76,272

6,634,591

4,649,620

588,537

* 25,996

4,252,359

114,942

245,416

577,630

91,946

133,459

34,276

59,405

81,590

20,038

40,710

34,695

16,933

21,032

18,405

44,556

5,647

58,129

215,539

30,715

91,885

451,741

79,560

42,962

94,295

270,695

31,708

3,613

* 53

1,160,162

13,306

19,879,724

19,710,932

168,793

19,481,488

17,442,280

394,566

10,134

16,655,864

532,936

218,156

369,376

18,918

60,122

9,603

17,827

* 27

123,655

9,513

67,182

31,683

3,307

79,207

37,744

13,131

* 661

14,018

215,937

70,558

24,614

484,932

222,762

1,534

189,111

337,467

* 5,566

* 16

397,810

70,613

9,894,062

9,829,646

64,416

8,789,372

5,585,164

1,558,673

124,391

5,008,550

384,216

160,940

1,651,606

132,251

112,558

42,565

21,039

110,344

9,813

80,712

54,574

14,348

13,253

41,782

58,631

6,538

21,875

790,456

51,637

94,040

508,267

205,909

76,658

162,607

547,325

39,628

5,852

* 1,383

1,104,690

42,403

5,433,941

5,400,416

33,525

4,736,989

3,309,632

1,069,581

48,268

3,089,708

109,103

80,193

1,087,220

62,101

65,170

18,107

43,166

* 1,518

57,735

5,148

35,678

23,180

8,309

16,918

16,066

27,237

* 590

7,460

227,149

27,291

80,838

219,399

107,152

22,844

107,363

221,517

21,985

* 1,705

* 165

696,952

10,980

2,360,036

2,346,483

* 13,553

2,148,608

1,578,701

307,300

* 434

1,463,915

* 17,144

127,717

337,810

16,405

50,212

* 2,303

* 9,711

26,635

* 593

15,174

8,637

1,529

16,806

12,229

9,990

* 305

19,595

81,783

7,981

10,262

98,072

52,472

7,456

45,137

76,147

* 472

* [4]

211,428

285,724

23,472,085

23,243,850

228,235

19,544,155

12,581,581

2,488,210

207,406

10,941,687

917,896

628,897

2,602,515

279,617

854,567

134,723

130,230

* 36

286,094

44,419

187,979

101,957

78,503

56,689

109,835

150,434

6,274

106,218

933,511

122,254

189,619

1,092,876

308,051

207,441

420,964

998,501

101,249

16,116

* 272

3,927,931

* 6,043

* 42,084

* 1,389

* 40,695

12,684

129,668

15,047

114,621

* 2,320

* 16,253

* 3,364

* 12,889

7,416

31,976

* 7,402

24,574

5,125

13,915

* 3,658

* 10,256

* 973

* 818

82,674

458,692

63,096

395,596

Footnotes at end of table.

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Transportation and warehousing

Retail trade—

continued

Net income status, item

Total

Air and rail

transportation

Water

transportation

(58)

(59)

(60)

11,156

1,519,288

1,472,009

47,279

1,870,929

657,630

82,295

15,502

53,241

150,634

510,512

154,554

4,174

48,701

12,740

26,444

* 120

420,770

2,430

31,236

17,315

4,215

26,107

61,145

6,545

699

12,983

20,215

67,628

23,727

63,050

14,924

26,748

8,983

306,918

4,329

* 63

-291,560

234,880

-526,440

6,787

870,779

866,799

3,980

736,297

275,905

* 328

* 29,423

1,799

* 2,343

245,109

* 3,097

2,725

11,380

8,762

16,062

* 70

112,939

5,711

20,772

7,299

1,706

8,467

21,642

1,459

* 182

4,055

14,499

25,463

5,666

56,896

6,791

4,573

2,534

118,208

* 152

139,639

223,745

-84,106

Nonstore

retailers

(57)

BUSINESSES WITH AND

WITHOUT NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income less deficit [1,2]

Net income [1,2]

Deficit [2]

Footnotes at end of table.

983,191

20,911,475

20,501,496

409,978

19,280,383

9,514,130

2,162,564

180,275

7,889,040

767,278

496,421

1,981,447

423,420

2,485,786

305,462

119,000

469

516,289

18,430

122,418

140,503

149,474

67,281

125,506

288,171

37,335

61,336

342,389

129,809

675,352

422,940

191,745

338,377

457,431

1,935,415

301,288

41,850

* 3,883

88,697

1,656,747

4,197,095

-2,540,348

1,047,716

81,073,306

79,832,948

1,240,358

71,793,888

9,842,920

206,845

1,860,612

2,210,173

989,572

4,879,190

303,471

205,544

22,634,352

1,001,138

3,932,757

5,625

5,548,139

102,991

2,787,574

333,543

1,550,420

340,295

722,855

352,287

8,170

2,309,439

583,160

4,195,376

1,129,303

2,580,330

1,246,457

734,331

853,976

8,450,216

230,481

20,744

4,134

9,383,446

12,541,505

-3,158,059

General freight

General freight trucking, longtrucking,

distance and

local

specialized

freight trucking

(61)

212,461

20,208,531

20,035,767

172,764

17,989,641

2,614,141

10,119

877,475

248,000

343,461

1,150,969

15,882

37,086

5,316,783

342,674

1,062,968

* 1,089

1,463,245

38,716

795,355

67,109

219,671

76,036

165,352

79,746

449

479,195

128,661

1,278,282

313,949

873,460

356,934

157,553

195,167

1,842,414

65,036

3,715

* 1,116

2,218,991

2,912,265

-693,274

(62)

** 363,583

** 40,483,021

** 39,766,495

** 716,526

** 36,429,900

** 3,701,472

** 68,969

** 498,576

** 954,711

** 269,851

** 1,983,523

** 74,157

** 46,423

** 13,053,095

** 411,111

** 2,212,017

** 1,963

** 2,802,821

** 39,195

** 1,386,838

** 142,208

** 1,221,829

** 140,876

** 366,777

** 145,435

** 5,080

** 1,029,793

** 153,874

** 2,376,463

** 576,731

** 957,798

** 657,182

** 392,897

** 389,442

** 4,095,582

** 90,904

** 6,811

**0

** 1,240

** 4,054,522

** 5,005,243

** -950,722

Urban

transit

(63)

Sole Proprietorship Returns, 2008

Statistics of Income Bulletin | Summer 2010

Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year

2008—Continued

[All figures are estimates based on samples—money amounts are in thousands of dollars]

Transportation and warehousing

Retail trade—

continued

Net income status, item

Total

Air and rail

transportation

Water

transportation

(58)

(59)

(60)

Nonstore

retailers

(57)

BUSINESSES WITH NET INCOME

Number of returns [1]

Business receipts, total [1]

Income from sales and operations [1]

Other business income

Business deductions, total [1,2]

Cost of sales and operations, total

Inventory, beginning of year

Cost of labor

Purchases

Materials and supplies

Other costs

Inventory, end of year

Advertising expenses

Car and truck expenses

Commissions

Contract labor

Depletion

Depreciation

Employee benefit programs

Insurance

Legal and professional services

Meals and entertainment deducted

Mortgage interest

Other interest paid on business indebtedness

Office expenses

Pension and profit-sharing plans

Rent paid on machinery and equipment

Rent paid on other business property

Repairs

Supplies

Salaries and wages

Taxes paid

Travel

Utilities

Other business deductions

Home office business deductions, total

Depreciation, Form 8829 [3]

Casualty loss, Form 8829 [3]

Excess—casualty depreciations, Form 8829 [3]

Net income [1,2]

Returns with Schedule C-EZ:

Number of returns

Business receipts

Business deductions

Net income

General freight

General freight trucking, longdistance and

trucking,

specialized

local

freight trucking

(61)

(62)

Urban

transit

(63)

456,550

16,154,154

15,911,492

242,662

11,957,536

6,792,340

1,029,019

160,116

5,652,819

628,163

352,718

1,030,494

184,378

1,370,187

142,467

66,799

* 121

238,594

12,856

77,583

66,485

86,596

34,291

38,982

136,265

3,115

40,404

195,775

72,983

300,942

228,505

107,626

195,059

201,889

1,089,561

169,289

18,877

* 3,606

* 3,842

4,197,095

826,797

65,340,649

64,3

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