Sole Proprietorship Returns, Tax Year 2021
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Sole Proprietorship Returns, Tax Year 2021
by Adrian Dungan
F
or Tax Year (TY) 2021, there were approximately 29.3 million individual income tax returns that reported nonfarm sole
proprietorship activity, a 3.4% increase from 2020. Total receipts reported by nonfarm sole proprietorships increased 16.4%,
while deductions increased 14.9%, and profits jumped 22.0% to
$411.3 billion in 2021. In constant dollars, total receipts rose by
11.3%, deductions rose by 9.4%, and profits increased by 16.6%.
Total profits as a percentage of business receipts were 22.0%
for the year, up from 21.0% for the prior year. The professional,
scientific, and technical services sector remained the sector with
the largest share of profits at 24.1% with profits increasing by
18.2% to $99.1 billion. All sectors saw increases in profits, with
the largest percentage increase in the transportation and warehousing sector, which increased 43.5% to $24.9 billion.
The construction sector reported the largest percentage of
total business receipts (17.1%) and total business deductions
(18.5%). The wholesale trade sector reported the largest percentage increase in business receipts (28.8%) and the transportation and warehousing sector experienced the largest dollar increase in business receipts, increasing by $38.0 billion.
Returns and Receipts
Between TYs 2020 and 2021, the number of individual income
tax returns reporting nonfarm sole proprietorship activity
increased 3.4% to 29.3 million (Figure A).1 The transportation
and warehousing sector had the largest percentage increase in
the number of returns among all sectors, increasing 11.3% for
TY 2021 following a 12.4% rise in TY 2020. The subsector of
the transportation and warehousing specific to taxis, limousines, and other ride-sharing services did not contribute at all
to this large increase. In fact, the number of returns for “Taxis,
limousines, and other ride-sharing services” dropped by 4.2%
while the business receipts in this subsector increased by 34.7%.
Between TYs 2013 and 2021, the average business receipts per
return in this subsector (taxis, etc.) fell from $36,420 to $25,678,
although the 2021 average was the highest for this group since
2014 (Figure B). For the transportation and warehousing sector
more broadly, 89.1% of the returns had business receipts of
$100,000 or less; these returns accounted for 45.8% of total
profits (Figure C). Similarly, the administrative and support and
waste management services and the construction sectors had
relatively large percentages of profits accounted for by returns
with business receipts of less than $100,000. In the administrative and support and waste management services sector, 93.4%
of returns had business receipts less than $100,000; these returns
accounted for 55.9% of the sector’s total profits. The construction sector had 81.7% of such returns, accounting for 44.2% of
its total profits. Conversely, the wholesale trade (15.9%), the
Figure A
Nonfarm Sole Proprietorship Returns, Receipts, and Deductions, by Selected Industrial Sector, Tax Years 2020 and 2021
[Number of returns is in thousands—money amounts are in billions of dollars]
Selected industrial sector
2020
(1)
All nonfarm industries
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 services
Health care and social assistance
Arts, entertainment, and recreation
Other services
All other sectors
28,353.4
3,279.0
332.8
2,602.6
3,298.0
709.6
1,431.3
3,599.4
2,795.6
2,158.6
1,592.4
3,588.2
2,965.9
Number of returns
Percentage
2021
change
(2)
(3)
29,309.6
3,145.5
363.7
2,687.8
3,671.9
718.9
1,499.7
3,680.2
2,775.9
2,190.0
1,626.7
3,704.3
3,244.9
3.4
-4.1
9.3
3.3
11.3
1.3
4.8
2.2
-0.7
1.5
2.2
3.2
9.4
Total business receipts
Percentage
2021
change
(4)
(5)
(6)
2020
1,605.2
294.2
49.6
195.0
138.3
111.9
103.9
198.5
88.8
114.7
40.7
113.9
155.6
1,868.0
320.0
63.9
222.8
176.2
123.0
127.1
227.3
100.2
129.1
51.5
137.0
190.0
16.4
8.8
28.8
14.2
27.5
10.0
22.3
14.5
12.9
12.6
26.4
20.2
22.0
Total business deductions [1]
Percentage
2021
change
(7)
(8)
(9)
2020
1,268.9
247.2
44.9
182.8
121.2
85.8
67.2
114.6
66.2
72.8
31.2
91.4
143.5
1,458.0
269.6
58.0
205.8
151.5
95.7
81.0
128.3
73.8
81.6
38.6
105.4
168.8
14.9
9.1
29.0
12.6
25.0
11.6
20.6
11.9
11.4
12.0
23.6
15.3
17.6
[1] Total business deductions are calculated before subtraction of nonallowable "passive" activity losses and inclusion of any "passive loss" carryover from prior years.
NOTES: Detail may not add to totals because of rounding. Percentages were calculated before rounding.
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
For TY 2021, the 29,309,596 nonfarm sole proprietorship returns accounted for an estimated 33,252,027 nonfarm businesses. For purposes of these 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. The Statistics of Income (SOI) Division applied these classifications on a “per business”
(rather than on a “per establishment”) basis 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.
NAICS for industrial coding was introduced in 1998. Prior to 1998, industries were classified using the Standard Industrial Classification (SIC). Due to coding changes, comparisons between
data by industry from 1998–2021 with 1997 and prior years may show inconsistencies. A reason for this is that several types of sole proprietorships under NAICS were classified in completely
different industrial groups, which makes prior-year comparisons under the SIC system inappropriate. For example, in 1997, finance, insurance, and real estate were classified as one industry
under the SIC system, while under the NAICS system, the group is split into two industrial sectors. The industrial sectors based on the NAICS codes are reported in Tables 1 and 2.
1
Statistics of Income
Statistics of Income Bulletin | Summer 2024
www.irs.gov/statistics
Sole Proprietorship Returns, Tax Year 2021
Figure B
Nonfarm Sole Proprietorships: Income Statements for Taxis and Limousines, Including Ride-Sharing Services, Tax Years 2013–2021
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Net income status, item
Taxis and limousines, including ride-sharing services
2013
2014
2015
2016
2017
2018
2019
2020
2021
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns [1]
Business receipts, total [1,2]
Income from sales and operations [1]
230,481
331,281
555,046
847,065
1,037,701
1,103,024
1,363,610
1,170,553
1,121,324
8,394,177
10,874,894
12,808,899
16,667,209
21,538,304
26,481,055
33,718,564
21,383,832
28,793,892
28,259,130
8,238,769
10,658,172
12,680,939
16,445,007
21,283,180
26,077,063
33,303,882
20,922,905
Other business income (loss) [1]
155,408
216,722
127,959
222,202
255,124
403,992
414,682
460,927
534,762
Business deductions, total [1,2,3]
6,026,516
8,405,469
10,153,715
13,459,248
17,853,556
22,749,710
28,736,655
19,263,108
24,510,621
Cost of sales and operations
85,707
220,143
200,268
168,933
203,540
137,168
327,319
172,508
382,383
Advertising expenses
58,833
46,425
60,397
69,043
90,730
114,344
86,927
80,094
86,668
Car and truck expenses
1,446,115
2,154,758
2,725,539
4,480,628
6,469,898
8,946,327
12,245,949
7,857,552
9,155,266
Commissions
179,673
230,200
487,736
794,283
1,222,840
1,661,332
2,211,004
1,168,043
1,907,585
Contract labor
193,757
278,918
199,810
179,858
489,904
277,689
342,311
231,378
185,895
Depreciation
252,269
362,876
488,304
459,246
678,466
649,395
839,486
770,476
800,468
Insurance
303,001
403,056
382,624
487,139
520,928
551,804
639,088
562,811
607,399
Legal and professional services
36,102
45,489
60,581
77,012
135,018
189,579
187,871
140,485
158,489
Meals and entertainment deducted
68,614
85,709
89,987
224,901
273,547
295,317
329,951
272,742
411,572
Other interest paid on business indebtedness
49,441
13,270
34,864
30,653
39,506
62,813
46,371
33,338
29,541
Office expenses
21,934
29,264
57,056
75,168
97,634
130,595
96,745
104,520
132,692
Rent paid on machinery and equipment
1,244,278
1,676,672
1,613,450
1,622,525
1,484,949
1,407,164
1,410,343
827,056
931,342
Rent paid on other business property
149,334
120,421
234,897
227,218
242,263
263,762
421,073
205,482
304,966
Repairs
209,576
289,536
359,142
375,638
528,036
640,663
699,347
584,932
714,954
Supplies
41,890
125,806
99,870
199,312
245,197
387,074
445,042
448,008
639,611
Salaries and wages
115,582
103,728
109,566
219,346
129,258
115,582
247,937
109,566
109,566
Taxes paid
89,953
139,797
122,103
211,215
222,812
263,331
230,948
155,745
210,263
Travel
53,945
73,095
74,806
105,037
206,122
291,242
212,532
167,705
185,324
Utilities
145,183
199,119
320,180
429,427
581,156
749,740
924,816
746,199
784,412
Other business expenses
1,206,370
1,669,365
2,206,131
2,728,782
3,685,076
5,292,885
6,649,634
4,458,200
6,662,645
Net income less deficit [1,2]
2,367,665
2,470,162
2,656,632
3,223,125
3,694,665
3,760,332
5,023,587
2,259,454
4,313,164
2,629,448
2,940,526
3,457,190
4,382,503
5,485,379
6,176,837
7,907,572
5,181,445
7,062,741
261,783
470,364
800,558
1,159,378
1,790,714
2,416,505
2,883,985
2,921,992
2,749,578
Net income [1,2]
Deficit [2]
Returns with Schedule C-EZ:
Number of returns
23,418
36,026
126,124
193,612
169,286
107,768
[4]
[4]
[4]
Business receipts
223,733
197,099
502,216
595,387
731,185
522,547
[4]
[4]
[4]
Business deductions
39,465
39,656
164,642
198,272
224,661
160,568
[4]
[4]
[4]
Net income
184,268
157,444
337,574
397,116
506,525
361,979
[4]
[4]
[4]
[1] Includes returns with Schedule C-EZ attached. Schedule C-EZ was filed for certain small businesses, i.e., those with net incomes, business expenses of $5,000 or less, used the cash accounting method, with no
inventories or employees, and with no deduction for a home office business and no allowable "passive" activity losses. Because only a total is reported for business deductions on Schedule C-EZ, the totals shown in
the statistics exceed the sum of the detailed deductions; the detailed deductions are, therefore, slightly understated.
[2] Total business deductions are before subtraction of nonallowable "passive" activity losses and any "passive loss" carryover from the 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.
[3] Total business deductions will not be equal to the total as items with an estimate based on a small number of sample returns have been removed.
[4] Schedule C-EZ was eliminated for Tax Year 2019 in accordance with the 2017 Tax Cuts and Jobs Act.
NOTE: Detail may not add to totals because of rounding.
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
finance and insurance (9.4%) and retail trade (6.0%) sectors had
much lower percentages of profits accounted for by returns with
business receipts of $100,000 or less. The transportation and
warehousing and professional, scientific, and technical services
sectors had the largest number of returns with business receipts
less than $100,000 each with 3.2 million returns, respectively.
Overall, returns with business receipts of $100,000 or less
comprised 90.1% of all sole proprietor returns, but earned just
33.9% of the profits.
For all nonfarm sole proprietorship industries, total business
receipts (the sum of “income from sales and operations” and
“other business income”) increased 16.4%, from $1,605.2 billion to $1,868.0 billion (Figure A).2 The wholesale trade sector
showed the largest percentage increase in business receipts, increasing 28.8% to $63.9 billion for TY 2021. The transportation
and warehousing sector experienced the second largest percentage increase in business receipts, increasing by 27.5% to $176.2
billion. In constant dollars, total business receipts for TY 2021
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 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 sales of investment and business
properties. 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.
2
Statistics of Income Bulletin
2
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Figure C
Nonfarm Sole Proprietorships: Percentage of Industry’s Total Returns and Total Net Income for Returns with Business Receipts
Equal to or Less Than $100,000, by Selected Industry, Tax Year 2021
Industry
33.9%
All nonfarm industries
90.1%
6.0%
Retail trade
89.4%
9.4%
Finance and insurance
Wholesale trade (merchant wholesalers)
15.9%
Real estate and rental and leasing
16.9%
79.1%
81.3%
80.8%
24.3%
Professional, scientific, and technical services
86.8%
29.8%
Arts, entertainment, and recreation
95.3%
33.9%
Health care and social assistance
90.2%
Construction
44.2%
Transportation and warehousing
45.8%
Administrative and support and waste management
services
81.7%
89.1%
55.9%
0%
20%
40%
Net income
60%
93.4%
80%
100%
Number of returns
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
Figure D
Nonfarm Sole Proprietorships: Business Receipts, Deductions, and Profits, Tax Years 1988–2021
[Money amounts are in billions of dollars]
Total business receipts
Tax year
Current
dollars
(1)
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
672.0
692.8
730.6
712.6
737.1
757.2
790.6
807.4
843.2
870.4
918.3
969.3
1,021.0
1,016.8
1,029.7
1,050.2
1,139.5
1,222.9
1,278.4
1,324.4
1,317.4
1,178.4
1,195.5
1,265.9
1,301.6
1,341.6
1,393.9
1,443.6
1,422.2
1,531.3
1,589.7
1,639.7
1,605.2
1,868.0
Total business deductions [1]
Constant dollars [2]
Percentage
Amount
change
(2)
(3)
Current
dollars
1,221.6
1,211.9
1,231.9
1,162.3
1,175.5
1,179.6
1,205.9
1,206.1
1,237.1
1,255.3
1,309.6
1,363.1
1,403.9
1,367.4
1,363.6
1,363.8
1,441.0
1,499.4
1,520.6
1,533.8
1,496.9
1,330.7
1,333.8
1,383.8
1,396.8
1,415.6
1,445.6
1,483.4
1,447.7
1,531.3
1,554.1
1,576.5
1,523.2
1,694.9
545.7
560.2
589.2
571.2
583.1
600.8
623.8
638.1
666.5
683.9
716.2
761.4
806.4
799.6
808.9
820.2
892.4
953.4
1,001.1
1,044.3
1,053.7
934.5
929.0
984.2
997.6
1,040.4
1,078.5
1,112.8
1,094.9
1,186.5
1,242.4
1,283.0
1,268.9
1,458.0
[3]
-0.8
1.7
-5.7
1.1
0.3
2.2
[4]
2.6
1.5
4.3
4.1
3.0
-2.6
-0.3
0.0
5.7
4.1
1.4
0.9
-2.4
-11.1
0.2
3.7
0.9
1.3
2.1
2.6
-2.4
5.8
1.5
1.4
-3.4
11.3
Net income less deficit (profits)
Constant dollars [2]
Percentage
Amount
change
(5)
(6)
(4)
992.0
980.0
993.5
931.7
929.9
935.9
951.5
953.3
977.7
986.3
1,021.3
1,070.8
1,108.9
1,075.4
1,071.2
1,065.1
1,128.5
1,169.0
1,190.8
1,209.4
1,197.2
1,055.3
1,036.4
1,075.9
1,070.5
1,097.8
1,118.5
1,143.5
1,114.5
1,186.5
1,214.6
1,233.5
1,204.1
1,322.9
[3]
-1.2
1.4
-6.2
-0.2
0.6
1.7
0.2
2.6
0.9
3.6
4.8
3.6
-3.0
-0.4
-0.6
6.0
3.6
1.9
1.6
-1.0
-11.9
-1.8
3.8
-0.5
2.5
1.9
2.2
-2.5
6.5
2.4
1.6
-2.4
9.9
(7)
Constant dollars [2]
Percentage
change
(8)
(9)
126.3
132.7
141.4
141.5
154.0
156.5
166.8
169.3
176.8
186.6
202.3
207.9
214.7
217.4
221.1
230.3
247.6
269.9
278.0
280.6
264.5
244.8
267.7
282.6
304.9
302.3
317.1
331.8
328.2
346.2
348.5
355.2
337.2
411.3
229.6
232.1
238.4
230.8
245.6
243.7
254.4
252.9
259.3
269.2
288.5
292.4
295.3
292.3
292.8
299.1
313.1
331.0
330.7
324.9
300.5
276.5
298.7
309.0
327.2
318.9
328.8
341.0
334.1
346.2
340.7
341.5
320.0
373.2
Current
dollars
Amount
[3]
1.1
2.7
-3.2
6.4
-0.8
4.4
-0.6
2.6
3.8
7.2
1.4
1.0
-1.0
0.2
2.1
4.7
5.7
-0.1
-1.8
-7.5
-8.0
8.0
3.5
5.9
-2.5
3.1
3.7
-2.0
3.6
-1.6
0.2
-6.3
16.6
[1] Total business deductions are calculated before subtraction of nonallowable "passive" activity losses and any "passive loss" carryover from prior years. However, these losses (after subtraction) and any
carryover are reflected in net income less deficit. Therefore, total business receipts minus total business deductions may not always equal net income less deficit.
[2] Current dollars are the value of a dollar at the time it was measured. 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 2017 = 100.
[3] Not calculated.
[4] Less than 0.05 percent.
NOTE: Percentages were calculated before rounding.
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
Statistics of Income Bulletin
3
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
experienced the largest percentage increase in the 34 years of
this study, jumping by 11.3% to $1,694.9 billion (in 2017 dollars, Figure D).3
growth in depreciation of any year between TYs 1988 and 2021.
The initial increase in depreciation was followed by trends of
decreased depreciation, which is consistent with deductions
being accelerated into the year of expensing. Constant dollar
declines of depreciation were reported for TYs 2005, 2006, and
2007. This downward trend was particularly pronounced in
2005, as constant dollar depreciation fell by 11.7%, followed
by decreases of 3.2% in 2006 and 1.0% in 2007. During this
same three-year period, Section 179 limits gradually increased
for inflation, finally rising to $125,000 in 2007.7 In 2008, the
Section 179 limit was doubled to $250,000 and there was a 2.6%
increase in constant dollar depreciation. The $250,000 limit remained for TY 2009 and depreciation dropped 17.2%, which
was the largest decrease since at least 1988. In TY 2010, the
Section 179 limit was again doubled to $500,000, but constant
dollar depreciation increased by only 0.5%, from $39.0 billion
to $39.2 billion. The limit was increased as part of the stimulus packages created in response to the Great Recession.8 The
Section 179 limit remained $500,000 for TYs 2011 through
2017. For 2011, constant dollar depreciation dropped by 0.7%;
in 2012 it dropped another 5.6% to $36.7 billion, the lowest
level over the 34 years of this study. The Tax Cuts and Jobs Act
of 2017 (TCJA) increased the additional first-year depreciation
deduction in IRC Section 168(k) from 50% to 100% for qualified property acquired and placed in service after September 27,
2017, and before January 1, 2023. The TCJA also expanded
bonus depreciation to certain used property. TY 2018 was the
first year that the TCJA impacted depreciation and accordingly,
constant dollar depreciation rose by 18.0% to $49.6 billion. This
represents the highest percentage real growth in depreciation for
all 34 years included in this study. There was also a marked increase in constant dollar depreciation for TY 2021 when it rose
13.9% to $59.5 billion.
Deductions
Total business deductions (“cost of sales and operations” plus
business expenses, including expenses for home offices) in current dollars increased 14.9%, from $1,268.9 billion in TY 2020
to $1,458.0 billion in TY 2021 (Figure A).4, 5 In constant dollars,
total business deductions increased 9.9% in 2021 (Figure D).
Deductions for the construction sector, the largest sector in
terms of total business deductions, increased 9.1%, from $247.2
billion in 2020 to $269.6 billion in 2021. The wholesale trade
sector had the largest percentage increase of total business deductions, increasing 29% to $58 billion.
The cost of sales and operations represented 35.6% of total
TY 2021 business deductions ($518.4 billion) (Table 2). Total
business “expenses” (total business deductions minus the cost
of sales and operations) were $939.7 billion for 2021.
Historically, constant dollar depreciation increased almost
every year from 1993 through 2003.6 Between TYs 2004 and
2009, constant dollar depreciation dropped significantly, going
from $54.3 billion to $39.0 billion. In TY 2012, it dropped to
$36.7 billion, but subsequently climbed back to $42.1 billion
by 2017 (Figure E). Increases in TYs 2003 and 2008 coincided
with legislative changes to Section 179 of the Internal Revenue
Code (IRC) that substantially increased the amount of certain
investment property that could be expensed in a given year
rather than depreciated over time. Under the Jobs and Growth
Tax Relief Reconciliation Act of 2003, the maximum allowable Section 179 deduction vaulted from $24,000 in 2002 to
$100,000 in 2003. This change led to a constant dollar depreciation increase of 11.7% for 2003, which was the third highest
Based on the overall implicit price deflator for Gross Domestic Product. See U.S. Department of Commerce, Bureau of Economic Analysis, Survey of Current Business. Indices used for this
article can be found in chart below.
3
Tax year
Index
Tax year
Index
Tax year
Index
1988
55.008
1993
64.194
1998
70.119
1989
57.165
1994
65.564
1999
71.111
1990
59.305
1995
66.939
2000
72.722
1991
61.31
1996
68.164
2001
74.36
1992
62.707
1997
69.34
2002
75.515
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
Tax year
2003
2004
2005
2006
2007
Index
77.006
79.077
81.556
84.071
86.349
Tax year
2008
2009
2010
2011
2012
Index
88.013
88.556
89.632
91.481
93.185
Tax year
2013
2014
2015
2016
2017
Index
94.771
96.421
97.316
98.241
100
Tax year
2018
2019
2020
2021
Index
102.291
104.008
105.381
110.213
Sole proprietors report personal, i.e., nonbusiness income and expense items apart from business income or loss, which is reported on Profit or Loss From Business (Schedule C). Salaries
paid to owners are neither deducted as wages paid on Schedule C nor included as wages received on Form 1040, U.S. Individual Income Tax Return. 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.
5
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 Schedule C. In some cases, these expenses were limited. Starting in TY 2013, sole proprietors could also use a simplified method to determine these
costs by reporting on Schedule C square footage (up to 300 square feet) used for the home office. The taxpayer could then take $5 per square foot as a business expense. 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.
6
Under IRC Section 179 the cost of certain tangible property may be treated as a current expense rather than a capital expenditure subject to depreciation deductions. The Omnibus Budget
Reconciliation Act of 1993 (OBRA93) increased the maximum amount of investment that could immediately be deducted on property placed in service after 1992, from $10,000 to $17,500.
The increase in the constant dollar depreciation deductions for 1993, and subsequent decline in 1995, may be attributed, in part, to this provision of OBRA93. 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% to $13.5 billion for 1993.
7
Under the Jobs and Growth Tax Relief Reconciliation Act of 2003, the maximum amount of a Section 179 deduction increased four times between 2002 and 2006, from $24,000 (2002) to
$100,000 (2003) to $102,000 (2004) to $105,000 (2005), and then to $108,000 (2006). This was further expanded to $125,000 for 2007 by the Small Business and Work Opportunity Tax Act of
2007 (PL 110-28). The Jobs Creation and Worker Assistance Act of 2002 introduced 30% bonus depreciation, and the Jobs and Growth Tax Relief Reconciliation Act of 2003 increased the bonus
percentage to 50%, 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.
8
For 2008, the Economic Stimulus Act of 2008 increased the maximum expensing deduction under Section 179 to $250,000. The American Recovery and Reinvestment Act of 2009 extended
that level through 2009. For all individual tax returns that filed Form 4562, Depreciation and Amortization, the Section 179 property deducted as an expense increased by 5.1% to $49.8 billion
for 2008. For 2009, when the maximum Section 179 deduction remained at $250,000, the amount deducted for all returns decreased by 17.2% to $41.3 billion. The amount deducted as Section 179
property on returns that had a Schedule C dropped 19.6% to $16.2 billion between 2008 and 2009. For 2010, the amount taxpayers could deduct as section 179 property increased to $500,000.
This was in accordance with the Small Business Jobs and Credit Act of 2010. The amount deducted by returns with a Schedule C increased to $18.8 billion, representing a 15.6% increase from
2009. For 2010, the amount deducted on all individual returns increased to $49.6 billion, a 20.3% increase from 2009. These numbers do 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.
4
Statistics of Income Bulletin
4
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Figure E
Nonfarm Sole Proprietorships: Business Receipts, Deductions, and Profits, Tax Years 1988–2021
[Money amounts are in billions of dollars]
Current dollars [1]
Tax year
Constant dollars [1]
Percentage change in constant dollars [1]
Net income
Deficit
Depreciation [2]
Net income
Deficit
Depreciation [2]
Net income
Deficit
Depreciation [2]
(5)
(6)
(7)
(8)
(9)
(1)
(2)
(3)
(4)
1988
145.5
19.2
26.1
264.5
34.9
47.4
[3]
[3]
[3]
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
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
308.9
323.2
337.0
357.1
357.4
374.5
392.1
389.1
415.8
430.0
443.3
436.4
516.9
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
64.1
55.5
54.3
52.2
55.1
57.5
60.3
60.9
69.5
81.5
88.1
99.2
105.5
24.5
23.7
23.1
23.3
25.0
26.2
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
34.5
35.1
35.6
34.2
35.4
36.6
38.4
38.4
42.1
50.8
52.0
55.1
65.6
266.6
272.7
264.9
276.7
275.7
286.4
286.4
293.6
303.5
322.6
328.2
337.2
336.4
340.7
349.4
367.3
385.9
388.7
388.1
369.6
348.8
360.6
368.4
383.2
377.1
388.4
402.9
396.1
415.8
420.4
426.2
414.1
469.0
34.5
34.1
34.1
31.1
31.9
32.0
33.6
34.3
34.4
34.1
35.8
42.0
44.1
47.9
50.4
54.3
55.0
58.0
63.2
69.0
72.3
61.9
59.4
56.0
58.2
59.6
61.9
62.0
69.5
79.7
84.7
94.1
95.8
42.9
40.0
37.7
37.2
38.9
40.0
39.2
40.1
41.3
41.6
43.1
44.3
45.0
48.5
54.2
54.3
47.9
46.4
45.9
47.1
39.0
39.2
38.9
36.7
37.3
37.9
39.5
39.1
42.1
49.6
50.0
52.3
59.5
0.8
2.3
-2.9
4.5
-0.3
3.9
-0.0
2.5
3.4
6.3
1.8
2.7
-0.2
1.3
2.6
5.1
5.1
0.7
-0.2
-4.8
-5.6
3.4
2.2
4.0
-1.6
3.0
3.7
-1.7
5.0
1.1
1.4
-2.8
13.2
-1.3
-1.2
0.1
-8.8
2.7
0.3
4.8
2.1
0.2
-0.7
5.0
17.2
5.1
8.6
5.1
7.8
1.3
5.4
9.0
9.3
4.8
-14.4
-4.1
-5.7
3.9
2.5
3.9
0.1
12.1
14.5
6.4
11.1
1.7
-9.7
-6.8
-5.7
-1.4
4.8
2.6
-1.9
2.4
2.8
0.7
3.7
2.8
1.5
7.9
11.7
0.1
-11.7
-3.2
-1.0
2.6
-17.2
0.5
-0.7
-5.6
1.6
1.6
4.1
-1.0
7.6
18.0
0.7
4.6
13.9
[1] Current dollars are the value of a dollar at the time it was measured. 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 2017 = 100.
[2] Excludes depreciation claimed on Form 8829, Expenses for Business Use of Your Home.
[3] Not calculated.
NOTE: Percentage changes were calculated before rounding.
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
Beginning with TY 1992, certain smaller businesses could
elect not to itemize depreciation and other business deductions
by filing Schedule C-EZ, Net Profit From Business, a simplified version of Schedule C, Profit or Loss From Business.
(Schedules C and C-EZ are the sources of nonfarm sole proprietorship statistics.) However, for TY 2019, Schedule C-EZ was
eliminated in accordance with IRC changes implemented by
TCJA. Previously, for TY 2018, 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; and had no employees who 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, based only on
Schedule C returns, are slightly understated and do not sum to
the total deductions in Figure D.9
Profits and Losses
Total profits increased by 22.0%, from $337.2 billion for TY
2020 to $411.3 billion for TY 2021. Sole proprietorship profits
(net income less deficit) increased across all sectors analyzed.
The professional, scientific, and technical services sector reported the largest percentage of total profits of all nonfarm sole
proprietorships, with 24.1% ($99.1 billion), and the sector had
a $15.2 billion (18.2%) increase in profits for TY 2021 compared to the previous year. The second largest sector by profits, construction, reported an increase in profits over TY 2020,
The SOI sample includes a weighted amount of 38,963 prior-year returns that still had Schedule C-EZ attached. See IRS Publication 1304, Description of the Sample, for an explanation of
prior-year returns in the SOI sample.
9
Statistics of Income Bulletin
5
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
rising 7.3% to $50.4 billion. The largest percentage increase
in profits was realized in the transportation and warehousing
sector, which increased 43.5% for a gain of $7.5 billion. Figure
D presents total profits for all industries (in both current and
constant dollars) since TY 1988, while Figure F (for 2020 and
2021) presents profits by selected industrial sector and Figure G
presents industrial profits as a percentage of total profits.10
In constant dollars, total profits increased by 16.6% for 2021
going from $320.0 billion in 2020 to $373.2 billion in 2021.
This represents the largest percentage increase in constant dollar
profits in the 34 years of this study. Figure H shows net income
less deficits as a percentage of business receipts for 1988 through
2021. In general, this percentage has increased over time from a
low of 18.8% for 1988, the exceptions being the periods leading
up to the recession in the early 2000s and the Great Recession,
starting in 2008. For 2021, net income less deficits as a percentage of business receipts increased from 21.0% in 2020 to 22.0%
in 2021.
Figure F
Nonfarm Sole Proprietorship Profits, by Selected Industrial
Sector, Tax Years 2020 and 2021
[Money amounts are in billions of dollars]
Limited Liability Companies
Net income less deficit (profits)
Selected industrial sector
2020
TY 2001 was the first year for which data became available
on the number of Limited Liability Companies (LLCs) among
nonfarm sole proprietorship returns. LLC entities have limited
liability (like corporations), but they may be taxed as sole proprietorships (for which income and expenses flow through to
the owner to be taxed), if owned by one individual. In 2001,
there were a little over 126,000 sole proprietorship returns that
indicated status as an LLC or just 0.7% of total sole proprietorship returns (Figure I). In contrast, for TY 2021 there were 3.1
million such sole proprietorships, which accounted for 10.7%
of the total nonfarm sole proprietorship returns, a nearly 25fold increase in the number of returns since 2001. The share of
total nonfarm sole proprietorship business receipts attributed to
Percentage
change
2021
(1)
(2)
(3)
All nonfarm industries
337.2
411.3
22.0
Construction
Wholesale trade (merchant wholesalers)
Retail trade
Transportation and warehousing
47.0
4.8
12.5
17.3
50.4
6.0
17.1
24.9
7.3
25.6
37.1
43.5
Finance and insurance
25.6
27.5
7.3
Real estate and rental and leasing
Professional, scientific, and technical services
36.9
83.9
46.2
99.1
25.2
18.2
Administrative and support and waste management services
22.6
26.5
17.1
Health care and social assistance
41.9
47.7
13.8
Arts, entertainment, and recreation
9.6
13.0
35.9
Other services
22.6
31.6
39.6
All other sectors
12.5
21.4
70.7
NOTES: Detail may not add to totals because of rounding. Percentage changes were calculated before rounding.
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
Figure G
Nonfarm Sole Proprietorships: Selected Industrial Sector Profits as a Percentage of Total Profits, Tax Year 2021
Wholesale trade (merchant wholesalers)
1.5
Arts, entertainment, and recreation
3.2
All other industries
3.2
Retail trade
4.2
Transportation and warehousing
6.0
Administrative and support and waste management services
6.4
Finance and insurance
6.7
Other services
7.7
Real estate and rental and leasing
11.2
Health care and social assistance
11.6
Construction
12.3
Professional, scientific, and technical services
24.1
0
5
10
15
20
25
Percentage of total profits
NOTES: Percentages are based on estimated total profits of $411.3 billion. Detail may not add to 100% because of rounding. Profits is a designation for "net income less deficit,"
discussed elsewhere in this article.
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
10
Net income minus deficit (loss) before federal income tax yields profits. Proprietors compute their tax on total “taxable income,” which includes their business profits, plus any other income.
Statistics of Income Bulletin
6
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Figure H
Nonfarm Sole Proprietorship Net Income Less Deficit (Profits) as a Percentage of Total Business Receipts, Tax Years 1988–2021
Percentage
25
24
23.4
23
22.7
22.4
22.0
22
21.4
20.9
21
21.1
20.7
21.9
21.5
22.1
21.4
22.6
22.5
22.0
21.9
21.7
21.2
21.0
21.0
20.8
19.9
20
23.1
21.7
21.7
21.5
21.0 21.0
22.3
23.0
20.1
19.4
19.2
18.8
19
18
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Tax year
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
Summary
LLCs also rose during this period, from approximately 2.3% in
2001 to 33.8% in 2021 (Figure J). Similarly, the portion of total
net income (less deficit) of all nonfarm sole proprietorships attributable to LLCs increased, from 1.0% in 2001 up to 20.3%
in 2021.
Business receipts for the 29.3 million returns with sole proprietorship activity for TY 2021 increased by 16.4% from TY 2020
to a level of $1,868 billion. The largest industrial sector, based
on business receipts, was the construction sector, accounting
Figure I
Nonfarm Sole Proprietorships: Number Filing Returns Registered as a Limited Liability Company (LLC), Tax Years 2001–2021
Tax year
2021
3,144,816
2020
2,783,413
2019
2,460,292
2018
2,119,147
2017
2,066,851
2016
1,868,459
2015
1,715,430
2014
1,619,099
2013
1,474,592
2012
1,324,196
2011
1,125,132
2010
1,059,910
2009
991,809
2008
842,819
2007
746,885
2006
606,889
2005
455,734
2004
309,665
2003
220,615
2002
145,839
2001
126,437
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
Number of returns filed by nonfarm sole proprietorships registered as LLCs
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
Statistics of Income Bulletin
7
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Figure J
Number of Returns, Business Receipts, and Profits for All Nonfarm Sole Proprietorships and Those Registered As Limited Liability
Companies (LLC),Tax Years 2001–2021
[Money amounts are in thousands of dollars]
Number of returns
Tax year
Total business receipts
All nonfarm
sole
proprietorships
Nonfarm sole
proprietorships
registered
as LLCs
LLCs percentage
of all
nonfarm sole
proprietorships
(1)
(2)
(3)
All nonfarm
sole
proprietorships
(4)
Net income less deficit
Nonfarm sole
proprietorships
registered
as LLCs
LLCs percentage
of all
nonfarm sole
proprietorships
(5)
(6)
All nonfarm
sole
proprietorships
(7)
Nonfarm sole
proprietorships
registered
as LLCs
LLCs percentage
of all
nonfarm sole
proprietorships
(8)
(9)
2001
18,338,190
126,437
0.7
1,016,834,678
23,357,818
2.3
217,385,116
2,259,135
1.0
2002
18,925,517
145,839
0.8
1,029,691,760
39,239,656
3.8
221,113,286
3,378,774
1.5
2003
19,710,079
220,615
1.1
1,050,202,446
55,626,849
5.3
230,308,100
3,847,617
1.7
2004
20,590,691
309,665
1.5
1,139,523,760
82,850,651
7.3
247,567,189
6,743,666
2.7
2005
21,467,566
455,734
2.1
1,222,880,231
119,603,018
9.8
269,919,995
10,902,821
4.0
2006
22,074,953
606,889
2.7
1,278,359,791
151,746,232
11.9
278,032,643
14,270,523
5.1
2007
23,122,698
746,885
3.2
1,324,403,080
185,837,712
14.0
280,557,010
16,235,182
5.8
2008
22,614,483
842,819
3.7
1,317,443,005
205,646,039
15.6
264,508,362
18,215,151
6.9
2009
22,659,976
991,809
4.4
1,178,437,093
205,194,197
17.4
244,821,815
18,522,837
7.6
2010
23,003,656
1,059,910
4.6
1,195,538,629
220,116,934
18.4
267,699,702
23,915,511
8.9
2011
23,426,940
1,125,132
4.8
1,265,939,196
244,024,850
19.3
282,649,926
27,093,827
9.6
2012
23,553,850
1,324,196
5.6
1,301,569,749
291,350,534
22.4
304,895,911
35,841,019
11.8
2013
24,074,684
1,474,592
6.1
1,341,571,082
316,224,871
23.6
302,269,621
37,151,475
12.3
2014
24,631,831
1,619,099
6.6
1,393,884,201
342,093,644
24.5
317,058,087
43,427,440
13.7
2015
25,226,245
1,715,430
6.8
1,443,584,972
370,123,809
25.6
331,832,538
48,902,901
14.7
2016
25,525,915
1,868,459
7.3
1,422,204,586
399,904,053
28.1
328,209,453
51,214,709
15.6
2017
26,426,406
2,066,851
7.8
1,531,346,020
449,128,268
29.3
346,241,776
55,889,306
16.1
2018
27,117,163
2,119,147
7.8
1,589,748,596
459,459,012
28.9
348,509,654
55,514,156
15.9
2019
27,817,189
2,460,292
8.8
1,639,728,938
504,169,598
30.7
355,177,263
62,278,066
17.5
2020
28,353,367
2,783,413
9.8
1,605,197,079
518,629,767
32.3
337,201,262
66,352,083
19.7
2021
29,309,596
3,144,816
10.7
1,868,021,679
630,691,672
33.8
411,308,783
83,575,827
20.3
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
for $320 billion in business receipts. The transportation and
warehousing sector had the largest percentage increase in returns (11.3%), while the wholesale trade sector had the highest percentage increase in receipts (28.8%). Total nonfarm sole
proprietorship profits for 2021 increased 22% to $411.3 billion
representing the largest percentage increase in the 34 years of
this study. The professional, scientific, and technical services
sector had the largest profits of any sector, at $99.1 billion, representing 24.1% of total sole proprietorship profits, followed by
the construction sector, at $50.4 billion or 12.3% of total profits.
100%. The 2021 nonfarm sole proprietorship data are based on
a sample of 124,469 returns and a population of 29,683,691 returns.11 The corresponding data for 2020 were based on a sample
of 104,228 returns and a population of 28,737,055 returns.
Since the data presented in this article are estimates based
on a sample of returns filed, they are subject to sampling error.
To 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 K
presents estimated coefficients of variation for total business receipts, total business deductions, depreciation, net income, and
deficit by selected industrial sector. Generally, the smaller the
coefficient of variation, the more reliable the estimate is judged
to be. The SOI Sampling Methodology and Data Limitations
Section of the SOI Bulletin, available at http://www.irs.gov/
pub/irs-soi/sampling.pdf, discusses the reliability of estimates
based on samples and the use of coefficients of variation for
evaluating the precision of estimates based on samples.
Data Sources and Limitations
The 2021 sole proprietorship estimates are based on a stratified
probability sample of unaudited Forms 1040, U.S. Individual
Income Tax Returns (including electronically filed returns),
processed by the Internal Revenue Service during Calendar
Year 2021. Returns in the sample were stratified based on: (1)
the presence 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% to
Adrian Dungan is an economist with the Individual Special Studies
Section. This article was prepared under the direction of Michael
Strudler, Management and Program Analyst, Individual and Tax-Exempt
Branch.
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 and tentative returns are not reflected in these statistics.
11
Statistics of Income Bulletin
8
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Figure K
Nonfarm Sole Proprietorships: Coefficients of Variation for Selected Items, by Selected Industrial Sector, Tax Year 2021
[Coefficients of variation are in percentages]
Coefficients of variation
Industrial sector
(NAICS Code range)
All industries (000000-999999)
Construction (236100-238990)
Wholesale trade (423100-425120)
Retail trade (441110-454390)
Transportation and warehousing (481000-493100)
Finance and insurance (522100-525990)
Real estate and rental leasing (531100-533110)
Professional, scientific, and technical services (541100-541990)
Administrative and support and waste management services (561110-562000)
Health care and social assistance (621111-624410)
Arts, entertainment, and recreation (711100-713900)
Other services (811110-813000)
All other industries
Total business
receipts
Total business
deductions
Depreciation [1]
Net income
Deficit
(1)
(2)
(3)
(4)
(5)
0.55
1.92
4.48
2.30
2.10
2.00
2.33
1.64
2.67
1.87
3.12
2.40
2.07
0.62
2.02
4.61
2.31
2.10
2.06
2.66
2.03
3.00
1.95
3.24
2.63
2.10
1.41
3.90
9.08
5.02
3.91
8.16
4.06
5.38
5.75
5.68
5.76
5.65
3.50
0.69
2.26
6.17
3.30
2.68
3.16
2.76
1.82
2.80
2.48
3.80
2.52
2.61
1.27
4.79
9.17
3.84
4.44
4.57
4.59
4.19
5.06
5.71
5.18
4.48
3.39
[1] Excludes depreciation claimed on Form 8829, Expenses for Business Use of Your Home.
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns, March 2024.
Statistics of Income Bulletin
9
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net Income, by
Industrial Sectors, Tax Year 2021
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Businesses with and without net income
Industrial sector
All nonfarm industries
Number
of returns
Business
receipts
Depreciation
deduction [1]
Rent paid
on machinery
and
equipment
Rent paid
on other
business
property
Interest paid
deduction [2]
Payroll [3]
Net income
less deficit
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
66,972,356
13,440,301
44,567,623
10,668,397
154,107,825
411,308,783
323,256
25,372,844
2,573,759
200,222
355,176
289,714
1,994,327
1,832,215
Animal production (including breeding of cats and dogs)
56,450
2,423,541
276,318
7,224
21,193
22,333
233,590
-236,997
Forestry and logging (including forest nurseries, timber tracts)
36,943
6,730,560
749,490
62,450
11,081
76,915
462,031
450,502
Fishing, hunting, and trapping
69,523
3,506,200
498,854
4,160
128,390
37,121
104,954
508,230
Support activities for agriculture and forestry
160,339
12,712,542
1,049,098
126,388
194,512
153,345
1,193,751
1,110,480
Agriculture, forestry, hunting, and fishing
Mining
Oil and gas extraction
29,309,596 1,868,021,679
87,049
8,241,043
728,041
35,319
66,877
94,904
708,332
943,367
67,876
5,285,091
452,894
17,728
35,253
68,078
244,937
690,747
Other mining
4,983
671,283
101,096
7,118
20,333
9,748
128,383
-37,638
Support activities for mining
14,191
2,284,669
174,051
10,474
11,291
17,077
335,012
290,258
Utilities
16,954
679,331
116,581
9,345
10,984
4,454
49,859
64,345
3,145,504
320,021,155
10,857,385
2,153,838
2,556,570
1,217,198
37,386,698
50,439,871
Construction of buildings
673,981
91,597,444
2,409,625
435,418
514,017
462,112
9,860,934
11,995,791
Heavy and civil engineering construction
51,166
9,647,915
799,058
98,416
76,793
132,060
1,284,798
622,098
2,420,357
218,775,796
7,648,703
1,620,004
1,965,760
623,025
26,240,967
37,821,983
Construction
Specialty trade contractors
Manufacturing
380,518
38,850,168
1,846,060
199,235
1,065,461
231,868
5,130,486
3,661,101
Food manufacturing
65,743
6,937,762
297,061
63,441
254,800
56,774
930,685
39,343
Textile and textile product mills
9,812
494,293
13,248
* 11,105
* 14,458
* 1,827
* 43,810
52,255
Apparel
35,188
1,141,223
66,862
** 12,993
** 55,318
2,296
214,509
49,018
Leather and allied products
4,634
200,575
* 5,351
**
**
* 5,723
* 3,237
9,245
Wood products
27,662
3,857,749
252,205
9,921
31,056
** 20,370
500,284
390,980
Paper products
* 1,029
* 365,555
* 18,542
* 180
* 2,859
**
* 26,221
* -34,893
Printing and related support activities
29,220
1,282,033
108,468
6,524
60,869
13,955
129,444
-105,071
Petroleum and coal products
3,420
173,711
* 6,187
**
**
* 726
* 16,726
92,880
Chemical manufacturing
19,451
2,488,634
58,962
** 1,827
** 153,276
8,788
271,076
383,135
Plastic and rubber products
2,484
489,570
17,336
* 7,554
11,334
* 1,730
114,812
92,319
Nonmetallic mineral products
8,798
1,044,025
117,414
13,992
10,677
6,752
135,268
109,691
Primary metal industries
3,293
410,546
39,974
* 740
* 4,111
* 388
* 62,404
30,879
Fabricated metal products
32,878
5,509,015
253,938
9,290
87,361
43,367
889,222
539,836
Machinery
24,211
2,146,751
130,463
18,583
43,072
8,864
329,702
343,910
Computer and electronic products
5,992
643,331
12,344
* 3,594
25,796
* 3,082
57,269
121,880
Electrical equipment, appliances, and components
9,639
799,333
35,554
* 3,161
30,849
6,064
126,962
16,887
Transportation equipment
13,995
2,035,395
83,165
15,192
8,693
17,260
194,464
207,785
Furniture and related products
22,142
1,888,381
62,097
* 2,285
107,204
15,447
242,608
315,210
Miscellaneous manufacturing
60,926
6,942,285
266,887
18,854
163,731
18,454
841,784
1,005,813
5,981,869
Wholesale trade (merchant wholesalers)
363,712
63,933,685
1,085,752
226,288
950,462
213,815
2,340,052
Durable goods, including machinery, wood, metals, etc.
175,600
30,712,247
616,939
82,992
464,402
105,270
1,220,133
2,852,902
Nondurable goods, including food, fiber, chemicals, etc.
112,472
24,906,853
349,531
106,468
421,364
89,404
910,648
1,821,197
Wholesale electronic markets and agents and brokers
75,640
8,314,585
119,282
36,828
64,697
19,141
209,271
1,307,770
2,687,846
222,760,103
3,806,910
703,674
5,779,508
912,036
11,217,541
17,086,862
Motor vehicle and parts dealers
134,142
47,395,099
623,916
69,842
693,100
258,132
2,062,611
1,993,388
Furniture and home furnishing stores
29,777
4,761,091
87,959
7,492
219,654
24,212
454,414
433,707
Electronic stores and household appliance stores
13,712
3,539,255
46,399
* 76,869
97,944
4,256
231,935
405,523
Retail trade
Building material and garden equipment and supplies dealers
44,349
9,387,773
264,691
42,403
215,829
29,517
777,193
609,340
Food and beverage stores
103,209
26,905,098
331,679
90,176
737,551
90,150
2,196,619
1,248,537
Health and personal care stores
180,311
8,929,836
106,590
35,659
302,002
39,944
581,359
786,331
7,779
14,789,373
213,994
21,790
160,167
74,190
704,977
267,423
Clothing and accessories stores
189,049
13,884,341
139,604
70,491
830,552
46,273
682,519
1,136,208
Sporting goods, hobby, book, and music stores
121,490
9,996,686
265,221
19,385
318,491
51,584
557,562
699,049
General merchandise stores
34,592
4,472,118
86,645
31,189
123,801
28,037
193,719
283,021
Miscellaneous store retailers
638,299
36,790,024
720,009
164,467
1,486,055
139,743
1,918,577
4,091,350
Electronic shopping and mail-order houses
333,119
17,667,656
167,253
29,115
243,327
25,813
220,161
1,204,008
Nonstore retailers
858,021
24,241,752
752,949
44,796
351,034
100,186
635,894
3,928,977
Gasoline stations
Footnotes at end of table.
Statistics of Income Bulletin
10
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net Income, by
Industrial Sectors, Tax Year 2021—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)
21,101,950 1,573,134,374
Depreciation
deduction [1]
(11)
Rent paid
on machinery
and
equipment
(12)
Rent paid
on other
business
property
Interest paid
deduction [2]
(13)
37,133,438
9,465,204
(14)
Payroll [3]
Net income
(15)
(16)
31,845,757
5,839,199
115,701,205
516,804,183
193,428
19,572,074
1,206,750
104,754
180,383
126,075
1,263,235
4,145,944
Animal production (including breeding of cats and dogs)
24,118
1,774,601
54,081
* 5,373
* 10,151
7,368
184,303
464,641
Forestry and logging (including forest nurseries, timber tracts)
23,278
5,416,835
477,955
46,407
6,050
37,273
253,153
770,204
Fishing, hunting, and trapping
40,035
2,856,277
243,144
* 182
42,190
14,690
37,505
850,093
Support activities for agriculture and forestry
105,997
9,524,361
431,569
52,792
121,992
66,744
788,274
2,061,005
Mining
Oil and gas extraction
62,784
5,896,996
233,934
18,830
45,306
30,087
322,636
1,858,268
49,081
3,855,588
118,270
10,672
21,497
20,539
100,022
1,350,664
Other mining
3,881
323,251
15,379
* 2,121
* 18,825
1,575
56,914
66,208
Support activities for mining
9,821
1,718,157
100,285
6,038
4,984
7,974
165,700
441,396
Utilities
11,244
501,237
17,003
* 2,287
8,644
1,967
* 22,608
182,855
2,538,665
277,628,302
7,292,515
1,604,320
1,840,063
763,557
29,995,891
60,223,309
Construction of buildings
549,279
77,728,314
1,713,433
325,979
402,549
280,983
7,854,381
14,616,424
Heavy and civil engineering construction
34,940
7,484,306
360,199
58,382
56,656
82,017
831,492
1,286,117
1,954,445
192,415,682
5,218,882
1,219,959
1,380,858
400,556
21,310,019
44,320,768
Construction
Specialty trade contractors
Manufacturing
234,213
31,336,318
1,045,592
147,516
722,058
117,467
3,682,539
6,011,933
Food manufacturing
36,065
5,131,408
114,936
53,697
150,690
18,324
490,414
733,318
Textile and textile product mills
6,033
478,209
* 8,431
* 8,989
* 14,250
* 1,791
* 40,993
88,209
Apparel
17,735
860,234
** 57,873
** 7,448
** 13,854
** 1,792
** 168,770
210,473
Leather and allied products
* 3,297
* 70,857
**
**
**
**
**
* 16,815
Wood products
18,626
3,076,386
** 148,769
** 5,872
19,647
** 13,098
375,118
480,629
Paper products
*5
* 74,653
**
**
* 1,532
**
* 4,446
* 7,133
11,211
945,102
16,102
* 1,144
46,011
2,016
107,168
212,413
Printing and related support activities
Petroleum and coal products
2,415
134,084
* 2,290
**
**
**
**
99,248
Chemical manufacturing
10,244
2,099,406
29,694
** 1,476
** 61,117
** 6,450
** 189,051
507,348
Plastic and rubber products
2,290
337,541
5,495
* 4,095
* 4,131
* 313
76,816
120,641
Nonmetallic mineral products
6,450
920,633
87,834
* 3,234
9,741
4,772
112,578
132,976
Primary metal industries
1,098
390,902
* 29,744
* 260
* 3,297
* 386
* 58,420
52,888
Fabricated metal products
19,755
4,701,468
175,628
5,684
73,110
28,549
707,768
766,170
Machinery
18,699
1,890,207
63,212
* 18,181
38,556
8,340
281,252
463,649
Computer and electronic products
5,390
554,931
6,972
* 3,570
* 21,674
* 815
* 30,741
130,190
Electrical equipment, appliances, and components
5,728
727,593
* 21,840
* 3,152
* 25,160
* 3,524
* 112,723
73,879
Transportation equipment
10,830
1,678,681
72,007
* 15,108
* 6,244
* 12,831
* 140,386
230,261
Furniture and related products
13,568
1,549,167
39,700
* 1,953
90,177
6,166
182,764
400,618
Miscellaneous manufacturing
44,776
5,714,857
165,066
13,654
142,867
8,298
603,132
1,285,075
8,104,283
Wholesale trade (merchant wholesalers)
236,118
53,374,532
561,418
168,935
644,696
120,087
1,653,268
Durable goods, including machinery, wood, metals, etc.
116,528
25,758,957
285,555
64,791
326,976
50,053
801,799
4,063,471
Nondurable goods, including food, fiber, chemicals, etc.
75,931
19,997,358
194,134
99,161
284,372
62,528
671,753
2,465,389
Wholesale electronic markets and agents and brokers
43,659
7,618,217
81,729
4,982
33,348
7,506
179,715
1,575,423
1,544,063
184,385,789
2,194,984
430,462
4,069,711
545,049
8,711,570
28,309,734
Motor vehicle and parts dealers
84,403
38,305,579
391,264
41,680
365,793
168,283
1,680,272
3,199,889
Furniture and home furnishing stores
16,868
3,949,414
55,621
1,902
142,855
21,090
395,031
571,311
Electronic stores and household appliance stores
11,368
3,207,030
34,082
* 75,060
89,159
3,186
183,243
459,997
Building material and garden equipment and supplies dealers
28,164
8,000,121
160,937
32,083
194,588
22,475
609,228
910,276
Food and beverage stores
64,031
22,482,144
172,739
65,184
553,652
46,008
1,598,248
1,864,213
Health and personal care stores
94,668
7,550,642
57,379
23,592
250,028
26,051
428,442
1,385,177
Gasoline stations
5,703
11,672,479
120,083
17,438
142,033
45,480
554,060
389,222
Clothing and accessories stores
95,598
12,339,511
90,434
22,943
698,626
24,883
570,947
2,109,562
Sporting goods, hobby, book, and music stores
69,560
8,372,824
163,503
8,227
219,059
33,441
415,690
1,294,805
General merchandise stores
21,749
3,686,275
62,908
* 9,602
107,961
24,978
136,243
352,844
Miscellaneous store retailers
379,793
30,675,779
390,556
96,999
956,297
74,620
1,559,972
6,551,339
Electronic shopping and mail-order houses
184,087
14,560,885
52,953
13,912
143,171
11,878
171,252
2,451,017
Nonstore retailers
488,071
19,583,105
442,527
21,839
206,487
42,675
408,942
6,770,083
Retail trade
Footnotes at end of table.
Statistics of Income Bulletin
11
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net Income, by
Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Businesses with and without net income
Industrial sector
Number
of returns
Business
receipts
(1)
Depreciation
deduction [1]
Rent paid
on machinery
and
equipment
Rent paid
on other
business
property
Interest paid
deduction [2]
Net income
less deficit
Payroll [3]
(2)
(3)
(4)
(5)
(6)
3,671,901
176,241,606
11,498,563
4,045,266
1,688,163
960,881
7,833,922
24,873,893
Air and rail transportation
20,870
2,296,722
685,414
12,496
48,126
43,898
166,685
-337,218
Water transportation
5,584
1,391,180
261,077
1,789
13,631
33,583
317,950
-68,859
Truck transportation
813,975
112,047,563
8,073,027
2,608,138
929,398
646,870
5,065,881
15,928,957
4,313,164
Transportation and warehousing
Taxi, limousine service, and ridesharing service
(7)
(8)
1,121,324
28,793,892
804,291
931,342
304,966
74,971
221,979
Other transit and ground transportation
131,754
5,237,772
** 363,599
** 132,643
** 60,888
** 40,661
** 434,208
771,157
Pipeline transportation
* 1,281
* 126,893
**
**
**
**
**
* 30,078
-165,712
Scenic and sightseeing transportation
12,237
725,698
289,260
* 19,389
44,184
40,089
53,946
Support activities for transportation (including motor vehicle towing)
88,721
7,472,027
423,903
44,606
117,446
39,322
909,484
727,448
1,458,044
17,260,814
514,828
286,639
119,693
37,773
575,690
3,646,386
Couriers and messengers
Warehousing and storage facilities
18,110
889,046
83,164
8,224
49,831
3,715
88,098
28,493
481,912
15,394,865
744,950
202,306
359,569
199,241
1,035,762
4,165,066
Publishing industries (except internet)
39,430
1,184,427
32,793
6,486
37,463
3,067
63,923
311,343
Motion picture and sound recording
213,463
6,101,942
317,404
84,391
239,100
160,093
437,222
1,571,719
Broadcasting (except internet) and telecommunications and internet
service providers
62,536
3,756,935
238,116
91,013
40,597
18,600
258,160
651,972
Information
Data processing, internet publishing and broadcasting, and web
search portals
Finance and insurance
166,484
4,351,561
156,637
20,416
42,409
17,481
276,457
1,630,032
718,896
122,980,785
1,835,363
312,292
1,709,078
1,017,384
6,028,236
27,483,336
Credit intermediation and related activities
40,366
4,176,335
87,536
32,134
49,356
57,062
247,501
1,213,819
Securities, commodity contracts, and other financial investments
234,090
80,737,761
940,275
97,644
782,499
710,691
2,969,237
12,704,442
Investment bankers and securities dealers
7,841
8,366,051
68,875
1,487
38,302
10,075
121,271
717,292
Securities brokers
10,972
7,099,281
18,447
5,371
33,589
9,750
84,352
1,113,438
Commodity contracts brokers and dealers
27,368
1,981,307
117,554
** 1,980
5,691
4,859
125,119
18,341
Securities and commodity exchanges
4,029
1,095,936
1,238
**
* 1,555
14,691
* 7,126
-22,999
Other financial investment activities (investment advice)
183,879
62,195,185
734,162
88,806
703,362
671,316
2,631,370
10,878,370
Insurance agents, brokers, and related activities
433,037
37,440,024
757,646
144,785
873,724
249,071
2,739,916
13,524,911
Insurance agencies and brokerages
331,108
30,035,669
502,745
120,223
780,024
224,418
2,249,078
10,797,579
Other insurance related activities and other financial vehicles
101,929
7,404,355
254,902
24,562
93,700
24,654
490,838
2,727,332
Funds, trusts, and other financial vehicles
11,404
626,665
49,906
* 37,730
* 3,499
* 560
* 71,582
40,164
1,499,713
127,113,590
6,293,246
513,573
1,907,949
1,257,312
4,161,495
46,166,201
1,415,352
119,453,905
3,765,038
430,380
1,748,991
1,066,439
3,773,243
46,609,711
63,579
4,153,649
584,571
33,125
134,097
248,446
185,570
418,237
Real estate and rental and leasing
Real estate
Lessors of real estate (including miniwarehouses and self storage)
Offices of real estate agents, brokers, property managers, and
appraisers
1,079,609
83,553,646
2,182,988
291,890
1,187,213
395,109
2,337,230
38,384,074
Other activities related to real estate
272,163
31,746,610
997,479
105,365
427,680
422,884
1,250,443
7,807,399
Rental and leasing services
82,265
7,626,463
2,525,963
83,193
157,564
** 190,874
** 388,252
-429,899
Automotive equipment rental and leasing
31,106
1,468,715
532,819
11,588
33,646
41,952
46,019
21,659
Consumer electronics and appliances rental
** 2,959
** 109,900
** 32,122
0
** 1,372
* 1,291
** 1,881
** -8,483
**
Formal wear and costume rental
**
**
0
0
0
0
0
Video tape and disc rental
0
0
0
0
0
0
0
0
Home health equipment rental
**
**
**
0
**
0
**
**
Recreational goods rental
5,381
294,082
64,304
* 514
* 3,492
* 3,454
* 601
-58,172
All other consumer goods rental
16,504
1,141,391
225,117
5,313
45,713
21,993
66,201
-42,236
General rental centers and other consumer goods rental
7,809
547,184
80,185
25,088
19,774
11,001
28,498
-27,498
Commercial and industrial machinery and equipment rental and
leasing
18,507
4,065,191
1,591,415
40,690
53,566
** 111,184
** 245,051
-315,170
Lessors of nonfinancial intangible assets (except copyrighted works)
2,096
33,222
* 2,245
0
* 1,394
**
**
-13,611
3,680,180
227,310,962
5,606,931
979,042
4,802,458
916,956
17,738,111
99,113,793
Legal services
313,646
39,579,912
442,439
126,734
1,518,756
176,746
4,163,821
18,135,151
Offices of certified public accountants
30,248
4,154,591
56,074
21,023
142,278
21,398
709,367
1,929,098
Other accounting services
320,671
11,169,859
320,764
69,055
376,851
60,108
1,258,039
4,729,555
Architectural, engineering, and related services
286,025
18,611,029
736,017
114,504
327,584
86,573
2,113,938
6,433,831
Architectural services
132,921
8,199,808
327,461
83,335
207,566
28,439
1,036,836
2,121,853
Engineering services
82,764
6,853,587
180,637
22,485
87,658
49,803
678,887
2,889,415
Drafting, building inspections, and geophysical surveying
53,797
2,329,733
181,632
* 8,387
10,995
* 2,278
230,742
1,024,330
Surveying and mapping (except geophysical) services
9,581
606,319
26,582
* 255
* 3,691
* 1,337
* 76,121
270,222
Testing laboratories
6,962
621,583
* 19,704
* 42
* 17,675
* 4,716
* 91,352
128,011
Professional, scientific, and technical services
Footnotes at end of table.
Statistics of Income Bulletin
12
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net Income, by
Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Businesses with net income
Industrial sector
Number
of returns
Business
receipts
(9)
Transportation and warehousing
Depreciation
deduction [1]
(10)
Rent paid
on machinery
and
equipment
Rent paid
on other
business
property
Interest paid
deduction [2]
Payroll [3]
Net income
(11)
(12)
(13)
(14)
(15)
6,943,101
3,190,154
1,129,702
620,046
5,574,690
35,114,501
(16)
3,942
9,388
10,550
107,852
411,802
* 1,023
11,476
7,003
217,105
171,176
648,953
479,155
3,583,675
19,037,741
2,774,443
152,812,426
Air and rail transportation
11,934
1,422,403
84,076
Water transportation
3,945
816,727
40,310
Truck transportation
680,884
97,794,831
5,627,289
2,092,341
Taxi, limousine service, and ridesharing service
796,120
25,716,400
405,216
762,618
225,240
34,615
154,932
7,062,741
Other transit and ground transportation
91,443
4,473,943
** 246,280
** 82,150
** 33,227
** 32,451
** 295,965
1,273,723
* 31,600
Pipeline transportation
* 1,159
* 84,527
**
**
**
**
**
Scenic and sightseeing transportation
4,503
385,723
79,321
* 17,841
* 6,891
* 4,379
* 26,962
60,760
Support activities for transportation (including motor vehicle towing)
63,615
6,538,853
254,809
35,984
99,684
24,297
762,409
1,153,222
1,109,082
14,901,563
176,102
187,747
65,680
24,679
365,554
5,760,346
11,758
677,457
29,697
6,508
29,164
2,916
60,237
151,389
321,708
12,769,750
408,967
150,006
222,051
32,809
590,067
6,089,156
Couriers and messengers
Warehousing and storage facilities
Information
Publishing industries (except internet)
28,043
896,942
4,149
* 1,035
22,164
* 256
19,784
378,256
Motion picture and sound recording
129,983
4,938,132
156,561
44,859
156,627
9,970
258,701
2,560,612
Broadcasting (except internet) and telecommunications and internet
service providers
44,882
3,207,947
163,785
84,375
29,807
9,194
168,091
964,656
Data processing, internet publishing and broadcasting, and web
search portals
Finance and insurance
118,799
3,726,729
84,472
19,738
13,453
13,390
143,492
2,185,632
491,645
76,893,824
927,604
251,930
1,359,761
462,049
4,270,781
32,860,244
Credit intermediation and related activities
27,752
3,770,788
41,096
28,062
21,766
23,987
180,253
1,560,607
Securities, commodity contracts, and other financial investments
149,915
40,821,041
394,040
65,129
580,956
263,783
1,718,278
16,375,650
Investment bankers and securities dealers
5,738
3,309,772
40,222
988
26,018
5,163
91,101
845,671
Securities brokers
6,511
3,523,982
12,555
5,228
26,711
4,074
81,669
1,198,358
Commodity contracts brokers and dealers
19,562
849,888
1,734
* 1,324
* 4,654
* 1,752
* 4,230
294,933
Securities and commodity exchanges
2,370
257,038
* 511
0
* 1,169
* 179
* 7,124
47,446
Other financial investment activities (investment advice)
115,734
32,880,361
339,019
57,589
522,404
252,615
1,534,154
13,989,243
Insurance agents, brokers, and related activities
306,160
31,799,480
481,169
121,081
755,050
173,850
2,320,002
14,820,197
Insurance agencies and brokerages
235,857
25,402,961
323,533
105,306
687,762
152,433
1,944,802
11,716,193
Other insurance related activities and other financial vehicles
70,303
6,396,518
157,636
15,775
67,288
21,416
375,200
3,104,004
Funds, trusts, and other financial vehicles
7,818
502,515
* 11,299
* 37,658
* 1,989
* 429
* 52,248
103,790
1,003,303
111,653,454
2,680,059
322,419
1,348,664
559,993
2,669,448
54,483,695
Real estate
960,362
106,884,940
1,931,318
282,269
1,275,513
481,677
2,499,108
53,415,047
Lessors of real estate (including miniwarehouses and self storage)
28,336
3,112,176
203,067
16,369
76,203
103,517
66,731
1,222,077
Real estate and rental and leasing
Offices of real estate agents, brokers, property managers, and
appraisers
762,455
76,052,630
1,325,793
203,529
880,910
172,790
1,651,671
41,884,659
Other activities related to real estate
169,572
27,720,134
402,458
62,371
318,399
205,371
780,706
10,308,311
Rental and leasing services
41,900
4,745,869
** 748,741
40,151
72,204
** 78,316
** 170,341
1,063,956
Automotive equipment rental and leasing
16,614
1,012,887
169,156
* 8,215
* 12,320
20,984
* 17,118
345,602
Consumer electronics and appliances rental
* 1,319
* 58,654
* 12,307
0
** 1,372
* 1,291
** 1,881
6,260
Formal wear and costume rental
0
0
0
0
0
0
0
0
Video tape and disc rental
0
0
0
0
0
0
0
0
Home health equipment rental
0
0
0
0
**
0
**
**
Recreational goods rental
* 1,005
* 22,758
* 20
*5
0
*7
* 67
* 21,083
All other consumer goods rental
8,496
931,874
112,265
* 1,820
13,998
3,068
33,371
170,052
General rental centers and other consumer goods rental
3,751
446,627
53,791
* 10,996
* 9,394
* 4,509
* 21,902
42,378
Commercial and industrial machinery and equipment rental and
leasing
10,715
2,273,071
** 401,202
19,114
35,120
** 48,457
** 96,002
478,583
Lessors of nonfinancial intangible assets (except copyrighted works)
1,041
22,644
**
0
* 947
**
**
4,691
2,639,519
206,840,016
3,029,154
678,229
3,855,767
565,718
14,556,089
110,756,388
Legal services
241,607
37,694,581
313,782
107,941
1,393,991
118,830
3,666,050
19,093,405
Offices of certified public accountants
24,955
4,004,966
52,587
21,011
135,601
20,321
676,491
1,942,412
Other accounting services
250,918
9,925,457
224,712
54,878
334,828
42,899
717,378
5,299,260
Architectural, engineering, and related services
200,539
16,354,584
388,106
73,621
238,632
32,428
1,832,030
7,537,019
Architectural services
89,214
7,132,202
194,777
47,750
158,219
19,078
851,324
2,692,503
Engineering services
54,921
5,989,273
115,045
17,315
51,832
6,542
587,261
3,275,435
Drafting, building inspections, and geophysical surveying
42,084
2,038,043
33,953
* 8,284
* 7,323
* 923
228,249
1,159,300
Surveying and mapping (except geophysical) services
8,384
574,308
* 24,626
* 230
* 3,583
* 1,170
* 73,844
272,742
Testing laboratories
5,936
620,757
* 19,704
* 42
* 17,675
* 4,716
* 91,352
137,040
Professional, scientific, and technical services
Footnotes at end of table.
Statistics of Income Bulletin
13
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net Income, by
Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Businesses with and without net income
Industrial sector
Number
of returns
(1)
Specialized design services
Computer systems design services
287,701
Business
receipts
Depreciation
deduction [1]
Rent paid
on machinery
and
equipment
Rent paid
on other
business
property
Interest paid
deduction [2]
Payroll [3]
(2)
(3)
(4)
(5)
(6)
(7)
328,820
30,646
392,272
11,846,074
343,065
64,583
Net income
less deficit
(8)
3,807,870
315,741
17,563,162
396,704
74,914
234,497
53,996
1,237,248
7,503,771
Other professional, scientific, and technical services
2,126,147
124,386,335
3,311,868
508,229
1,873,672
487,488
7,863,425
56,574,518
Management, scientific, and technical consulting services
35,862,088
1,092,076
66,257,806
1,563,092
252,120
870,012
240,664
3,516,307
Scientific research and development services
63,494
2,084,221
51,583
7,638
36,250
3,690
96,228
980,473
Advertising and related services
140,399
10,389,569
265,380
24,928
126,621
45,166
833,228
2,962,642
Market research and public opinion polling
31,660
877,663
7,479
8,277
10,925
488
31,459
456,816
Other miscellaneous services
798,517
44,777,077
1,424,334
215,267
829,864
197,480
3,386,204
16,312,500
2,775,909
100,198,349
5,154,683
874,646
1,233,980
532,520
11,768,774
26,450,619
9,663
1,016,420
45,469
4,151
34,604
8,222
119,115
97,361
2,741,670
95,310,787
4,693,261
859,952
1,134,793
491,765
11,098,324
26,005,000
Administrative and support and waste management services
Management of companies and enterprises
Administrative and support services
Waste management and remediation services
24,577
3,871,143
415,954
10,544
64,582
32,533
551,335
348,258
829,879
14,870,686
497,836
100,009
835,379
56,835
1,012,216
4,520,775
Health care and social assistance
2,190,047
129,104,086
3,079,730
644,631
5,602,190
675,183
19,379,609
47,696,859
Ambulatory health care services
1,314,471
99,705,277
2,364,230
492,603
4,400,613
481,374
14,757,481
38,024,946
Offices of physicians (except mental health specialists)
188,225
29,036,013
506,950
104,968
947,810
74,720
3,872,923
13,295,837
Offices of physicians, mental health specialists
48,887
5,670,622
91,892
30,021
263,997
41,974
340,466
3,341,127
Offices of dentists
60,440
20,051,278
664,757
90,146
895,809
175,728
4,876,494
5,621,589
Offices of chiropractors
27,146
3,351,802
85,591
11,533
334,931
32,388
395,479
1,154,426
Offices of optometrists
10,312
3,534,352
109,137
18,730
231,476
20,521
800,135
677,352
Offices of mental health practitioners and social therapists
262,776
13,946,163
303,828
62,381
763,134
29,852
898,478
7,193,039
Educational services
Offices of podiatrists
Outpatient care centers and other miscellaneous health practitioners
4,553
1,147,264
7,668
2,810
67,579
3,730
208,961
454,823
227,333
9,398,848
305,675
40,543
509,495
51,366
815,699
3,291,690
Medical and diagnostic laboratories
26,323
1,467,659
37,816
9,397
52,058
2,151
217,475
381,743
Home health care services
403,454
10,420,544
221,392
113,335
313,689
45,207
2,127,370
2,168,467
Other ambulatory health care services (including ambulance services,
blood and organ banks)
55,022
1,680,733
29,523
8,740
20,635
3,738
204,000
444,854
Hospitals
5,032
1,580,195
28,428
* 6,177
91,514
13,010
564,603
288,701
1,225,304
Nursing and residential care facilities
113,948
7,392,872
111,379
40,585
312,180
115,213
1,775,288
Social assistance
756,595
20,425,741
575,693
105,265
797,882
65,586
2,282,238
8,157,908
1,626,690
51,451,278
2,519,116
408,613
2,010,092
288,623
2,517,778
13,016,071
11,983,811
Arts, entertainment, and recreation
Performing arts, spectator sports, and related industries
1,426,310
38,189,385
1,631,752
196,104
1,071,071
179,150
1,340,811
Museums, historical sites, and similar institutions
6,853
182,299
12,296
* 62
* 17,663
* 4,113
* 9,426
19,784
Amusement, gambling, and recreation industries
193,527
13,079,594
875,068
212,447
921,358
105,359
1,167,541
1,012,476
Accommodation, food services, and drinking places
609,185
78,197,453
3,342,341
497,532
4,467,378
914,732
13,511,846
3,377,549
Accommodation
69,383
7,946,616
1,007,943
21,798
243,308
441,710
922,580
-170,437
Travel accommodation (including hotels, motels, and bed and
breakfast inns)
40,201
6,307,091
816,306
16,612
186,520
378,917
755,881
-224,328
RV (recreational vehicle) parks and recreational camps
9,795
940,242
133,695
1,844
8,986
36,532
85,224
45,704
Rooming and boarding houses
19,386
699,283
57,942
* 3,342
47,802
26,261
81,475
8,186
Restaurants (full & limited service) and drinking places
539,802
70,250,837
2,334,397
475,734
4,224,070
473,022
12,589,266
3,547,986
31,614,190
Other services
3,704,281
136,954,480
5,100,027
1,232,045
9,005,533
867,944
9,970,984
Auto repair and maintenance
449,749
33,803,068
1,498,229
255,567
1,685,309
315,492
3,105,340
4,093,682
Automotive mechanical and electrical repair and maintenance
237,717
16,520,826
609,155
143,330
878,428
94,055
1,407,364
2,068,105
Automotive body shops
85,262
8,684,309
340,295
11,670
340,415
83,169
729,998
1,294,488
Other auto repair and maintenance (including oil change, lubrication,
and car washes)
126,770
8,597,934
548,780
100,567
466,466
138,268
967,978
731,090
Miscellaneous repairs
420,346
21,274,961
876,440
127,548
616,087
120,462
2,079,850
3,530,713
2,603,391
78,275,351
2,680,486
834,482
6,625,017
402,492
4,762,404
22,381,863
230,794
3,601,100
44,872
* 14,448
79,120
29,498
* 23,390
1,607,932
516,165
8,345,210
285,082
102,426
160,817
16,797
321,798
2,820,801
Personal and laundry services
Religious, grantmaking, civic, professional and similar organizations
Unclassified establishments
Footnotes at end of table.
Statistics of Income Bulletin
14
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 1. Nonfarm Sole Proprietorships: Business Receipts, Selected Deductions, Payroll, and Net Income, by
Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Businesses with net income
Industrial sector
Number
of returns
(9)
Specialized design services
Computer systems design services
193,798
Business
receipts
Depreciation
deduction [1]
Rent paid
on machinery
and
equipment
Rent paid
on other
business
property
Interest paid
deduction [2]
Payroll [3]
(10)
(11)
(12)
(13)
(14)
(15)
(16)
344,783
4,693,953
10,590,485
163,020
43,112
236,256
17,499
Net income
228,008
16,001,240
237,738
40,191
166,960
43,469
1,011,861
8,413,343
1,499,694
112,268,704
1,649,209
337,474
1,349,499
290,273
6,307,496
63,776,996
Management, scientific, and technical consulting services
768,055
60,963,748
690,592
153,848
592,061
137,422
2,643,651
39,887,334
Scientific research and development services
53,387
1,974,171
34,084
7,235
31,853
971
68,814
1,107,528
Advertising and related services
105,397
8,965,979
101,979
17,622
86,414
14,308
664,471
3,511,763
Other professional, scientific, and technical services
Market research and public opinion polling
26,721
801,835
4,689
* 4,659
6,930
* 425
31,031
494,362
Other miscellaneous services
546,134
39,562,971
817,864
154,111
632,242
137,146
2,899,529
18,776,009
2,147,652
86,101,241
3,059,105
464,646
740,986
302,980
8,637,293
34,138,016
6,337
798,094
13,066
* 3,359
15,129
1,701
72,998
236,175
2,123,348
82,174,371
2,829,336
452,961
708,192
276,116
8,194,912
33,327,400
Administrative and support and waste management services
Management of companies and enterprises
Administrative and support services
Waste management and remediation services
17,967
3,128,777
216,703
8,326
17,665
25,164
369,384
574,441
619,151
11,843,699
196,168
68,832
460,555
30,683
696,758
6,422,905
Health care and social assistance
1,685,967
113,684,969
1,970,445
448,467
4,395,279
505,585
14,898,015
53,281,096
Ambulatory health care services
976,071
89,125,389
1,501,853
364,313
3,604,678
358,538
11,903,134
42,087,899
Offices of physicians (except mental health specialists)
147,734
26,173,184
270,522
81,088
796,826
52,501
3,144,330
13,845,401
Offices of physicians, mental health specialists
42,393
5,563,361
89,806
29,550
247,161
40,468
322,328
3,392,932
Offices of dentists
49,365
18,296,983
537,752
82,795
787,927
152,706
4,308,176
5,828,670
Offices of chiropractors
21,238
3,020,891
39,896
7,365
261,770
32,047
338,805
1,255,342
Offices of optometrists
9,105
2,463,549
49,545
10,820
136,478
10,141
496,082
743,658
204,023
12,983,047
219,234
45,350
732,479
19,753
753,611
7,617,779
Educational services
Offices of mental health practitioners and social therapists
Offices of podiatrists
4,196
1,119,857
6,980
* 2,305
66,295
3,597
197,290
458,397
159,137
8,178,035
170,670
27,421
386,708
20,207
599,024
3,918,299
Medical and diagnostic laboratories
16,472
1,310,116
15,648
8,796
34,511
1,614
162,482
510,047
Home health care services
281,510
8,562,737
87,360
66,426
140,732
23,944
1,438,786
3,964,824
Other ambulatory health care services (including ambulance services,
blood and organ banks)
40,896
1,453,630
14,440
2,395
13,792
1,559
142,222
552,551
Hospitals
3,628
932,959
15,429
* 3,584
46,960
6,745
265,696
317,805
1,617,819
Outpatient care centers and other miscellaneous health practitioners
Nursing and residential care facilities
83,539
5,649,745
67,677
17,902
181,794
85,785
1,063,888
Social assistance
622,729
17,976,875
385,486
62,668
561,847
54,516
1,665,297
9,257,572
1,070,452
42,148,811
895,556
255,881
1,160,989
122,974
1,333,822
19,270,414
16,811,704
Arts, entertainment, and recreation
Performing arts, spectator sports, and related industries
944,431
32,814,539
617,766
140,285
677,805
80,358
695,109
Museums, historical sites, and similar institutions
3,448
147,073
* 813
0
* 16,982
* 139
0
59,905
Amusement, gambling, and recreation industries
122,573
9,187,200
276,977
115,596
466,202
42,477
638,713
2,398,805
Accommodation, food services, and drinking places
377,124
60,694,485
1,610,372
272,130
3,010,313
460,372
9,388,060
8,760,137
Accommodation
39,283
5,930,889
374,660
8,576
124,259
182,340
584,755
1,116,205
Travel accommodation (including hotels, motels, and bed and
breakfast inns)
20,279
4,667,368
291,660
7,383
114,991
148,449
454,375
751,854
RV (recreational vehicle) parks and recreational camps
7,788
780,286
65,485
* 1,093
* 4,032
20,871
62,885
197,185
Rooming and boarding houses
11,216
483,235
17,514
* 100
* 5,236
13,019
67,495
167,165
Restaurants (full & limited service) and drinking places
337,841
54,763,596
1,235,712
263,554
2,886,055
278,032
8,803,305
7,643,933
42,882,059
Other services
2,746,421
118,153,032
2,718,103
798,737
6,589,047
467,646
7,236,166
Auto repair and maintenance
312,769
27,811,055
757,474
150,608
1,179,430
161,337
2,233,891
6,404,727
Automotive mechanical and electrical repair and maintenance
165,322
13,903,733
363,417
77,312
636,729
45,605
1,077,241
3,183,530
Automotive body shops
67,042
7,519,134
176,653
7,812
256,914
14,774
583,183
1,710,337
Other auto repair and maintenance (including oil change, lubrication,
and car washes)
80,405
6,388,189
217,404
65,484
285,787
100,959
573,466
1,510,860
Miscellaneous repairs
290,940
18,051,407
448,434
65,901
395,078
62,990
1,258,317
5,244,420
1,975,247
69,169,065
1,500,945
569,293
4,969,356
240,537
3,721,462
29,139,774
167,466
3,121,505
11,251
* 12,934
45,182
* 2,782
* 22,496
2,093,139
404,050
6,843,418
142,608
86,669
61,781
4,055
198,269
3,909,247
Personal and laundry services
Religious, grantmaking, civic, professional and similar organizations
Unclassified establishments
* 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] Includes depreciation claimed on Form 8829, Expenses for Business Use of Your Home.
[2] Interest paid is the sum of mortgage interest and other interest paid on business indebtedness.
[3] Payroll is the sum of salaries and wages plus the cost of labor reported as part of cost of sales and operations.
NOTE: Detail may not add to totals because of rounding.
SOURCE: IRS, Statistics of Income Division, Sole Proprietorship Returns 2021, November 2023.
Statistics of Income Bulletin
15
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021
[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)
Fishing,
hunting,
and trapping
Support
activities
for
agriculture
and forestry
(2)
(3)
(4)
(5)
(6)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
29,309,596
323,256
56,450
36,943
69,523
160,339
1,868,021,679
25,372,844
2,423,541
6,730,560
3,506,200
12,712,542
12,449,404
1,839,527,658
24,924,261
2,377,502
6,655,634
3,441,721
Other business income (loss)
28,494,021
448,583
46,039
74,927
64,479
263,138
Business deductions, total [1]
1,458,037,481
23,550,602
2,661,528
6,280,487
3,005,546
11,603,041
Cost of sales and operations, total
518,369,147
8,419,676
797,614
2,112,468
513,058
4,996,536
Inventory, beginning of year
48,318,701
459,237
56,646
67,180
48,386
287,025
Cost of labor
44,647,559
450,992
* 153,412
108,373
68,847
120,360
Purchases
299,286,515
5,838,288
373,571
1,156,814
330,045
3,977,859
Materials and supplies
81,290,917
640,671
29,672
54,101
54,168
502,729
Other costs
92,325,798
1,695,531
238,513
819,334
95,916
541,767
Inventory, end of year
47,500,342
665,043
54,200
93,333
84,305
433,205
Advertising expenses
20,836,415
87,770
17,419
13,405
16,494
40,452
Car and truck expenses
116,726,714
1,196,212
130,378
345,061
182,667
538,105
Commissions
24,422,161
73,668
35,324
11,969
8,874
17,501
Contract labor
92,405,445
1,213,496
47,918
646,253
145,341
373,985
Depletion
585,109
3,225
* 366
* 606
**
** 2,253
Depreciation
65,604,743
2,569,778
274,850
749,130
497,016
1,048,782
Employee benefit programs
3,356,224
22,469
2,462
3,294
* 1,159
15,555
Insurance
25,434,274
530,472
47,378
201,354
64,853
216,886
Legal and professional services
17,577,610
161,625
32,184
29,220
17,421
82,801
Meals deducted
15,136,746
128,142
21,529
15,128
17,727
73,758
Mortgage interest
3,557,200
99,215
* 8,435
24,806
16,450
49,523
Other interest paid on business indebtedness
7,111,196
190,500
13,898
52,109
20,670
103,822
Office expenses
19,277,866
108,547
20,628
16,061
17,890
53,968
Pension and profit-sharing plans
1,444,601
5,143
* 143
3,546
**
** 1,454
Rent paid on machinery and equipment
13,440,301
200,222
7,224
62,450
4,160
126,388
Rent paid on other business property
44,567,623
355,176
21,193
11,081
128,390
194,512
Repairs
28,340,482
991,985
76,847
348,182
194,797
372,159
Supplies
65,018,375
1,174,836
227,252
253,030
259,173
435,381
Salaries and wages
109,460,266
1,543,335
80,179
353,659
36,108
1,073,391
Taxes paid
23,369,551
306,202
24,308
70,126
37,897
173,871
Travel
16,947,268
182,826
54,109
15,282
29,303
84,132
Utilities
38,098,799
406,885
101,348
52,276
76,361
176,900
Other business expenses
174,084,529
3,507,969
604,906
877,632
687,542
1,337,889
Home office business deductions, total
12,813,156
70,316
13,634
12,361
31,254
13,067
411,308,783
1,832,215
-236,997
450,502
508,230
1,110,480
Net income [1]
516,857,530
4,145,944
464,641
770,204
850,093
2,061,005
Deficit
105,548,747
2,313,729
701,638
319,702
341,864
950,526
86,996,491
1,140,653
197,304
230,888
226,473
485,989
Net income less deficit [1]
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
16
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Mining
Net income status, item
Construction
Utilities
Total
Oil
and
gas extraction
Other
mining
Support
activities for
mining
Total
Total
Construction
of
buildings
Heavy and
civil
engineering
construction
Specialty
trade
contractors
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
87,049
67,876
4,983
14,191
16,954
3,145,504
673,981
51,166
2,420,357
8,241,043
5,285,091
671,283
2,284,669
679,331
320,021,155
91,597,444
9,647,915
218,775,796
216,211,308
7,833,543
4,990,091
664,411
2,179,041
664,531
316,543,685
90,785,897
9,546,480
Other business income (loss)
407,500
295,000
6,873
105,628
14,799
3,477,471
811,547
101,435
2,564,489
Business deductions, total [1]
7,340,934
4,637,310
709,213
1,994,411
615,095
269,640,487
79,609,463
9,052,145
180,978,879
72,321,298
Cost of sales and operations, total
1,836,282
1,140,445
244,107
451,730
88,061
118,986,301
42,382,815
4,282,187
Inventory, beginning of year
85,203
37,551
15,723
31,929
**
4,658,160
2,746,321
837,460
1,074,379
Cost of labor
227,273
106,000
56,270
65,003
**
22,612,375
6,412,756
681,645
15,517,974
Purchases
445,593
184,119
69,477
191,996
* 61,062
34,430,833
13,006,338
1,061,763
20,362,733
Materials and supplies
115,282
27,785
37,101
50,396
* 8,314
41,757,945
13,582,004
1,135,403
27,040,538
1,068,213
801,708
85,633
180,872
* 17,206
20,669,282
9,760,139
1,419,455
9,489,689
105,280
16,718
20,097
68,465
**
5,142,295
3,124,743
853,538
1,164,014
Advertising expenses
11,742
5,094
727
5,921
980
1,513,776
281,393
37,605
1,194,777
Car and truck expenses
241,900
168,498
4,147
69,255
45,680
20,767,575
4,483,455
385,561
15,898,559
Other costs
Inventory, end of year
Commissions
9,076
3,921
* 171
4,983
* 3,215
893,955
259,863
15,735
618,357
Contract labor
141,606
82,426
9,079
50,100
78,397
35,458,355
9,683,964
556,830
25,217,560
Depletion
401,920
377,522
* 4,240
20,158
**
71,319
* 2,604
* 1,771
66,944
Depreciation
726,217
452,559
101,096
172,562
115,339
10,749,673
2,382,456
797,014
7,570,203
Employee benefit programs
34,762
7,300
1,115
26,346
* 1,270
349,667
87,892
24,819
236,956
Insurance
123,196
52,463
12,000
58,734
18,965
5,088,884
1,170,152
175,699
3,743,033
Legal and professional services
115,616
69,436
6,702
39,478
13,542
1,507,120
407,806
90,458
1,008,856
Meals deducted
32,502
17,129
297
15,076
2,413
1,846,970
446,438
34,181
1,366,351
Mortgage interest
13,686
9,518
* 1,453
2,715
1,104
340,340
134,257
52,158
153,925
Other interest paid on business indebtedness
81,218
58,560
8,295
14,363
3,349
876,858
327,856
79,902
469,100
Office expenses
44,906
28,558
2,576
13,772
3,638
1,596,943
412,663
54,730
1,129,550
Pension and profit-sharing plans
7,176
1,178
* 412
* 5,586
0
94,494
32,936
12,559
49,000
Rent paid on machinery and equipment
35,319
17,728
7,118
10,474
9,345
2,153,838
435,418
98,416
1,620,004
Rent paid on other business property
66,877
35,253
20,333
11,291
10,984
2,556,570
514,017
76,793
1,965,760
Repairs
185,523
81,391
43,390
60,743
54,183
3,506,943
709,440
254,818
2,542,685
Supplies
127,898
31,832
35,803
60,263
22,861
17,829,448
4,311,352
301,967
13,216,129
Salaries and wages
481,059
138,937
72,113
270,010
49,859
14,774,323
3,448,178
603,153
10,722,993
Taxes paid
207,671
138,747
14,963
53,962
9,827
2,755,239
664,321
124,853
1,966,064
Travel
33,689
22,917
611
10,160
3,792
1,770,688
434,280
61,961
1,274,447
Utilities
101,267
66,005
7,998
27,264
30,443
4,192,931
892,485
105,001
3,195,445
2,242,048
1,606,551
110,468
525,030
41,638
18,808,542
5,438,068
804,284
12,566,190
37,777
23,342
0
14,435
6,204
1,127,103
263,094
19,689
844,319
943,367
690,747
-37,638
290,258
64,345
50,439,871
11,995,791
622,098
37,821,983
1,858,268
1,350,664
66,208
441,396
182,855
60,223,309
14,616,424
1,286,117
44,320,768
914,901
659,917
103,846
151,138
118,510
9,783,438
2,620,633
664,019
6,498,786
1,339,553
1,197,979
25,123
116,450
66,130
7,952,916
2,070,517
426,206
5,456,192
Other business expenses
Home office business deductions, total
Net income less deficit [1]
Net income [1]
Deficit
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
17
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Manufacturing
Net income status, item
Total
Food
manufacturing
Textile
and textile
product mills
Apparel
Leather
and
allied
products
Wood
products
Paper
products
Printing
and related
support
activities
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
380,518
65,743
9,812
35,188
4,634
27,662
* 1,029
29,220
38,850,168
6,937,762
494,293
1,141,223
200,575
3,857,749
* 365,555
1,282,033
1,257,049
38,371,223
6,833,334
494,201
1,115,894
195,842
3,814,894
* 364,449
Other business income (loss)
478,945
104,428
* 92
25,329
* 4,733
42,856
* 1,106
24,984
Business deductions, total [1]
35,222,134
6,905,192
442,038
1,092,205
191,330
3,464,383
* 400,148
1,388,295
Cost of sales and operations, total
17,675,708
3,299,297
220,619
373,190
* 136,676
2,103,186
* 315,819
314,243
Inventory, beginning of year
2,296,461
721,560
52,759
113,006
* 16,120
224,837
* 16,077
46,895
Cost of labor
1,744,673
124,699
**
** 45,288
**
262,797
* 9,773
37,430
Purchases
10,672,868
2,233,579
209,233
186,450
* 145,977
1,309,027
* 83,515
193,500
Materials and supplies
3,371,499
739,812
**
** 93,434
**
431,031
* 15,262
69,966
Other costs
2,285,362
273,002
* 15,471
57,177
* 1,538
160,384
* 214,364
38,294
Inventory, end of year
2,695,155
793,355
58,381
120,430
* 27,156
284,890
* 23,172
71,842
Advertising expenses
404,977
93,459
8,782
40,169
* 1,180
17,761
* 317
31,729
Car and truck expenses
1,144,252
195,706
* 18,979
** 29,520
**
57,439
* 13,021
94,333
Commissions
301,393
31,156
**
** 28,667
**
** 16,913
**
* 11,565
Contract labor
861,212
94,451
* 1,897
** 30,171
**
59,645
* 398
26,031
Depletion
16,263
* 3,569
**
** 3
**
0
0
0
1,822,524
296,020
12,486
64,201
* 5,351
250,288
* 18,542
102,039
Depreciation
Employee benefit programs
121,955
22,879
0
** 3,609
**
9,124
* 936
6,178
Insurance
448,188
83,543
* 4,313
7,794
* 2,198
46,803
* 4,665
13,602
Legal and professional services
306,846
76,768
2,839
12,443
* 6,006
16,039
* 1,595
12,493
Meals deducted
155,822
45,309
2,571
** 6,343
**
3,286
* 194
6,053
Mortgage interest
76,664
15,269
0
* 434
0
4,082
0
* 74
Other interest paid on business indebtedness
155,204
41,506
* 1,827
1,861
* 5,723
** 16,288
**
13,881
Office expenses
312,647
43,871
9,025
32,647
* 1,331
14,085
* 241
21,875
Pension and profit-sharing plans
22,872
2,501
**
** 173
**
1,660
* 299
* 1,060
Rent paid on machinery and equipment
199,235
63,441
* 11,105
** 12,993
**
9,921
* 180
6,524
Rent paid on other business property
1,065,461
254,800
* 14,458
** 55,318
**
31,056
* 2,859
60,869
Repairs
527,221
111,183
4,103
26,813
* 593
97,702
* 748
15,812
Supplies
1,841,537
373,843
13,255
47,514
* 4,388
90,388
* 1,255
371,185
Salaries and wages
3,385,813
805,985
* 43,456
** 172,813
**
237,487
* 16,448
92,013
622,484
142,950
15,965
21,361
* 1,114
48,515
* 1,976
21,703
Taxes paid
Travel
193,348
34,641
* 3,683
12,606
* 3,506
6,702
* 4,080
12,437
Utilities
777,979
194,464
16,946
44,157
* 4,269
48,744
* 3,064
50,724
2,642,101
572,857
28,866
79,219
3,820
267,791
* 12,834
57,036
140,430
5,723
* 4,522
** 5,704
**
* 10,157
0
44,837
Other business expenses
Home office business deductions, total
Net income less deficit [1]
3,661,101
39,343
52,255
49,018
9,245
390,980
* -34,893
-105,071
Net income [1]
6,011,933
733,318
88,209
210,473
* 16,815
480,629
* 7,133
212,413
Deficit
2,350,832
693,974
* 35,954
161,455
* 7,570
89,649
* 42,026
317,484
1,608,385
319,478
* 4,914
35,792
* 6,158
77,198
* 18,964
48,149
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
18
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Manufacturing—continued
Net income status, item
Petroleum
and coal
products
Chemical
manufacturing
Plastic and
rubber
products
Nonmetallic
mineral
products
Primary
metal
industries
Fabricated
metal
products
Machinery
Computer and
electronic
products
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
3,420
19,451
2,484
8,798
3,293
32,878
24,211
5,992
173,711
2,488,634
489,570
1,044,025
410,546
5,509,015
2,146,751
643,331
Income from sales and operations
171,862
2,454,254
488,871
1,036,253
406,804
5,490,489
2,088,690
640,592
Other business income (loss)
* 1,849
34,381
* 699
7,772
* 3,742
18,526
58,060
* 2,739
Business deductions, total [1]
80,831
2,105,541
397,317
937,142
379,667
4,965,709
1,802,843
523,973
* 44,195
1,180,988
227,765
421,793
269,993
2,657,904
714,999
287,711
0
60,643
* 17,912
24,421
* 6,209
163,808
91,910
* 50,092
* 32,108
Business receipts, total [1]
Cost of sales and operations, total
Inventory, beginning of year
Cost of labor
* 14,089
* 87,112
* 61,047
72,350
* 54,305
384,376
81,875
Purchases
**
** 913,292
* 86,576
234,469
179,843
1,374,465
313,150
191,116
Materials and supplies
**
** 109,198
* 36,092
45,010
* 33,703
572,832
293,325
* 18,079
* 15,679
117,062
36,621
73,599
* 6,350
408,803
32,260
71,864
0
91,893
* 10,483
28,056
* 10,417
246,380
97,521
* 75,546
Advertising expenses
**
** 23,219
9,848
6,545
* 7,222
19,501
9,138
9,529
Car and truck expenses
*3
32,776
* 2,688
23,455
* 13,794
153,862
43,979
2,204
Commissions
**
** 24,923
* 1,744
* 3,001
**
** 15,640
11,678
* 26,856
Contract labor
**
** 57,400
* 8,370
73,471
* 262
121,616
51,972
* 10,454
Depletion
** 2,185
**
0
* 111
0
* 1,994
0
0
Depreciation
* 6,187
57,940
17,257
117,414
39,974
252,236
130,229
12,235
* 2,133
Other costs
Inventory, end of year
Employee benefit programs
0
6,428
* 1,443
4,617
* 385
13,215
10,976
* 1,482
27,851
5,045
19,752
* 1,506
88,625
25,741
2,733
Legal and professional services
* 992
18,305
2,563
5,238
3,746
24,912
11,723
8,231
Meals deducted
* 22
12,429
1,934
1,243
* 189
19,367
4,039
3,232
Mortgage interest
**
** 6,080
**
** 3,717
**
** 23,242
* 944
* 1,176
Insurance
Other interest paid on business indebtedness
* 663
2,771
* 1,555
3,210
* 317
20,196
7,920
* 1,906
Office expenses
* 835
21,051
2,345
9,975
* 2,326
35,825
21,998
3,361
Pension and profit-sharing plans
0
2,818
**
** 806
**
** 5,041
* 1,953
* 805
Rent paid on machinery and equipment
**
** 1,827
* 7,554
13,992
* 740
9,290
18,583
* 3,594
25,796
Rent paid on other business property
**
** 153,276
11,334
10,677
* 4,111
87,361
43,072
Repairs
* 756
16,535
3,379
29,239
* 3,792
59,721
35,992
9,231
Supplies
**
** 63,414
4,874
31,782
* 8,388
310,235
94,779
15,292
25,161
Salaries and wages
**
** 186,601
53,765
62,918
* 8,099
504,846
247,827
Taxes paid
469
25,912
6,677
15,955
4,043
101,540
30,498
7,150
Travel
* 59
15,946
4,450
8,057
* 1,569
17,571
3,807
10,448
Utilities
* 1,202
46,713
7,050
17,330
1,880
96,357
55,253
8,735
Other business expenses
18,100
118,116
15,214
51,820
7,116
316,319
223,423
45,048
Home office business deductions, total
0
5,905
**
** 1,487
0
* 9,509
* 2,321
* 951
92,880
383,135
92,319
109,691
30,879
539,836
343,910
121,880
Net income [1]
99,248
507,348
120,641
132,976
52,888
766,170
463,649
130,190
Deficit
* 6,368
124,213
* 28,322
23,285
* 22,009
226,334
119,740
8,311
35,750
89,481
96,656
29,536
16,571
153,646
91,819
28,744
Net income less deficit [1]
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
19
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Manufacturing—continued
Net income status, item
Electrical
equipment,
appliances,
and
components
(32)
Wholesale trade (merchant wholesalers)
Transportation
equipment
Furniture
and related
products
Miscellaneous
manufacturing
Total
(33)
(34)
(35)
(36)
Nondurable
Wholesale
Durable goods,
goods,
electronic
including
including food,
markets
machinery,
fiber,
and agents and
wood, metals,
chemicals,
brokers
etc.
etc.
(37)
(38)
(39)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
9,639
13,995
22,142
60,926
363,712
175,600
112,472
75,640
799,333
2,035,395
1,888,381
6,942,285
63,933,685
30,712,247
24,906,853
8,314,585
Income from sales and operations
789,501
2,032,820
1,880,462
6,814,962
63,550,540
30,584,980
24,692,313
8,273,247
Other business income (loss)
* 9,832
* 2,575
7,919
127,323
383,146
127,267
214,541
41,338
Business deductions, total [1]
781,469
1,827,611
1,573,193
5,963,246
57,958,608
27,856,810
23,091,595
7,010,203
Business receipts, total [1]
Cost of sales and operations, total
371,828
996,580
633,514
3,105,407
42,060,060
19,775,624
17,420,430
4,864,005
Inventory, beginning of year
* 116,600
* 28,672
110,611
434,330
3,801,900
2,622,057
1,066,590
113,252
Cost of labor
* 41,066
* 112,851
45,785
277,722
373,588
286,171
80,526
6,891
Purchases
227,665
557,347
458,710
1,774,953
36,961,691
16,535,370
16,088,620
4,337,701
Materials and supplies
* 59,018
* 64,973
128,346
661,417
2,902,933
1,223,131
1,325,166
354,635
Other costs
* 7,238
265,224
21,935
468,497
3,668,300
2,091,592
1,401,372
175,336
Inventory, end of year
79,760
* 32,487
131,874
511,513
5,648,352
2,982,697
2,541,844
123,811
Advertising expenses
10,239
5,313
17,034
93,993
444,786
243,011
122,654
79,121
Car and truck expenses
28,983
198,320
45,417
189,772
1,397,131
624,923
494,489
277,719
Commissions
* 191
* 27,431
16,722
84,907
613,984
392,576
129,143
92,265
Contract labor
* 19,216
111,011
85,697
109,149
925,052
494,349
295,520
135,183
0
0
* 8,400
0
5,059
4,549
** 510
**
Depreciation
Depletion
35,462
82,816
59,967
261,880
1,055,854
596,374
345,282
114,198
Employee benefit programs
* 10,212
* 960
* 2,944
25,917
76,583
45,719
26,059
4,805
Insurance
9,016
23,233
26,882
53,405
356,044
183,019
132,328
40,698
Legal and professional services
26,324
8,664
11,403
56,562
312,358
139,111
138,072
35,175
Meals deducted
2,061
7,229
3,553
36,768
188,736
88,343
62,035
38,357
Mortgage interest
* 4,934
* 5,302
* 7,248
4,163
51,979
27,384
22,977
* 1,617
Other interest paid on business indebtedness
1,130
11,958
8,200
14,291
161,836
77,885
66,427
17,524
Office expenses
4,828
7,637
14,813
64,579
290,027
155,143
98,281
36,603
Pension and profit-sharing plans
* 1,360
**
** 1,358
3,038
50,485
17,784
31,945
757
Rent paid on machinery and equipment
* 3,161
15,192
* 2,285
18,854
226,288
82,992
106,468
36,828
Rent paid on other business property
30,849
8,693
107,204
163,731
950,462
464,402
421,364
64,697
Repairs
3,309
33,962
28,986
45,365
403,011
177,973
203,749
21,289
Supplies
54,479
23,447
118,131
214,890
1,152,400
685,338
289,981
177,082
Salaries and wages
85,895
81,613
196,823
564,062
1,966,465
933,962
830,122
202,381
Taxes paid
13,744
13,805
37,989
111,116
458,158
256,707
176,593
24,858
Travel
4,935
5,109
8,146
35,598
433,389
212,121
131,675
89,593
Utilities
23,359
25,390
31,588
100,755
582,512
286,105
224,833
71,574
Other business expenses
35,916
129,910
90,874
567,823
3,664,824
1,830,482
1,283,882
550,460
* 43
* 2,820
9,231
37,220
131,124
60,933
37,226
32,965
16,887
207,785
315,210
1,005,813
5,981,869
2,852,902
1,821,197
1,307,770
Net income [1]
73,879
230,261
400,618
1,285,075
8,104,283
4,063,471
2,465,389
1,575,423
Deficit
56,992
22,476
85,408
279,262
2,122,414
1,210,570
644,192
267,653
20,628
22,188
55,116
457,600
1,791,867
814,957
658,596
318,314
Home office business deductions, total
Net income less deficit [1]
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
20
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Retail trade
Net income status, item
Total
Motor
vehicle and
parts
dealers
Furniture
and home
furnishing
stores
(40)
(41)
(42)
Building
Electronic
material and
stores
garden
and household
equipment and
appliance
supplies
stores
dealers
(43)
(44)
Food and
beverage
stores
Health and
personal care
stores
Gasoline
stations
(45)
(46)
(47)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
2,687,846
134,142
29,777
13,712
44,349
103,209
180,311
7,779
222,760,103
47,395,099
4,761,091
3,539,255
9,387,773
26,905,098
8,929,836
14,789,373
14,582,259
220,111,358
46,636,373
4,726,089
3,535,197
9,356,732
26,461,721
8,730,989
Other business income (loss)
2,648,745
758,726
35,001
* 4,058
31,041
443,377
198,847
207,115
Business deductions, total [1]
205,811,847
45,420,500
4,327,270
3,133,732
8,778,433
25,662,330
8,150,000
14,521,012
Cost of sales and operations, total
134,618,737
36,236,588
2,651,656
2,046,689
6,011,032
18,203,807
4,717,874
12,060,566
Inventory, beginning of year
21,799,171
6,110,870
453,549
243,378
990,871
1,486,013
534,923
337,498
Cost of labor
2,146,225
532,790
** 296,002
**
248,824
149,093
52,426
12,326
Purchases
116,584,682
31,411,229
1,797,836
1,492,541
4,928,144
16,829,297
4,169,577
11,605,434
Materials and supplies
8,513,991
1,390,042
** 935,148
**
493,509
807,784
406,804
129,256
Other costs
8,397,468
2,734,589
79,261
* 66,021
160,593
558,639
158,128
339,754
Inventory, end of year
22,822,799
5,942,933
539,185
126,206
810,909
1,627,020
603,984
363,703
Advertising expenses
3,333,896
334,921
99,677
29,332
66,278
121,336
219,825
22,694
Car and truck expenses
5,746,169
615,585
81,152
77,192
217,078
298,867
247,535
20,192
Commissions
2,296,800
252,881
15,435
* 2,704
16,200
68,954
59,558
4,559
Contract labor
2,717,286
570,921
43,765
88,184
165,868
153,507
155,061
15,598
Depletion
Depreciation
Employee benefit programs
14,418
6,686
** 1
**
* 83
**
** 1,568
* 66
3,715,999
620,293
80,853
46,353
264,083
330,264
103,174
213,976
230,585
62,693
9,562
4,508
21,836
26,756
19,493
5,265
Insurance
1,458,924
283,790
46,053
32,669
90,417
167,297
52,440
69,229
Legal and professional services
32,914
1,190,221
152,435
23,775
57,850
41,558
88,046
59,749
Meals deducted
749,581
62,683
12,828
8,807
23,418
39,286
34,729
3,164
Mortgage interest
264,607
71,666
3,246
* 461
3,343
25,670
10,374
40,427
Other interest paid on business indebtedness
647,429
186,466
20,966
3,795
26,174
64,480
29,570
33,762
2,083,630
174,592
28,168
34,363
58,628
81,495
125,097
13,309
Pension and profit-sharing plans
95,904
18,288
* 4,783
* 568
4,992
9,955
4,369
4,828
Rent paid on machinery and equipment
703,674
69,842
7,492
* 76,869
42,403
90,176
35,659
21,790
Rent paid on other business property
5,779,508
693,100
219,654
97,944
215,829
737,551
302,002
160,167
Repairs
1,706,859
330,167
47,898
45,753
83,897
243,805
53,832
132,172
Supplies
5,601,220
509,401
124,289
21,143
212,105
449,173
253,808
47,555
Salaries and wages
9,071,316
1,529,821
208,193
182,154
528,368
2,047,526
528,933
692,652
Taxes paid
2,960,323
396,652
97,996
41,171
141,410
525,455
120,729
214,302
Travel
1,160,360
84,653
18,881
30,717
31,152
41,066
74,231
5,248
Utilities
3,849,411
385,482
99,801
42,095
118,906
530,086
150,759
158,307
Other business expenses
15,058,484
1,742,028
359,801
162,202
390,527
1,303,607
716,002
547,907
756,506
28,868
21,347
* 210
* 2,848
14,100
73,693
* 364
17,086,862
1,993,388
433,707
405,523
609,340
1,248,537
786,331
267,423
Net income [1]
28,309,734
3,199,889
571,311
459,997
910,276
1,864,213
1,385,177
389,222
Deficit
11,222,872
1,206,501
137,604
54,473
300,937
615,676
598,845
121,799
7,476,928
1,600,083
157,654
86,731
205,683
346,423
393,849
111,788
Office expenses
Home office business deductions, total
Net income less deficit [1]
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
21
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Retail trade—continued
Net income status, item
Clothing and
accessories
stores
Sporting goods,
hobby, book,
and music
stores
General
merchandise
stores
Miscellaneous
store
retailers
Electronic
shopping
and mail-order
houses
Nonstore
retailers
(48)
(49)
(50)
(51)
(52)
(53)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
189,049
121,490
34,592
638,299
333,119
858,021
13,884,341
9,996,686
4,472,118
36,790,024
17,667,656
24,241,752
23,969,521
13,815,167
9,939,058
4,447,468
36,316,277
17,594,505
Other business income (loss)
69,174
57,628
24,649
473,746
73,151
272,231
Business deductions, total [1]
12,753,363
9,298,731
4,189,221
32,711,218
16,535,019
20,331,017
Cost of sales and operations, total
7,097,265
5,957,345
2,983,327
18,464,490
9,058,322
9,129,775
Inventory, beginning of year
1,762,294
1,721,915
269,857
4,722,051
1,120,216
2,045,735
Cost of labor
140,337
109,950
* 62,919
380,346
60,719
100,493
Purchases
5,903,291
5,219,786
2,861,206
15,363,996
7,613,360
7,388,983
Materials and supplies
885,410
563,123
38,244
1,489,693
530,024
844,952
Other costs
289,799
270,853
123,653
1,715,821
902,509
997,846
1,883,865
1,928,281
372,553
5,207,418
1,168,506
2,248,235
Advertising expenses
320,053
186,508
40,450
544,568
741,639
606,615
Car and truck expenses
272,770
182,608
45,554
1,381,418
445,836
1,860,383
Commissions
105,450
79,382
34,590
409,053
818,404
429,630
Contract labor
244,559
52,265
90,861
422,454
276,384
437,858
Inventory, end of year
* 44
**
** 5,518
** 335
**
* 118
Depreciation
Depletion
130,694
259,840
84,420
700,156
154,497
727,395
Employee benefit programs
12,119
7,932
* 3,844
43,080
4,887
8,611
Insurance
71,120
75,359
24,348
302,545
42,542
201,113
Legal and professional services
119,759
61,850
12,920
252,328
115,761
171,276
Meals deducted
43,310
25,264
6,843
164,221
51,586
273,441
Mortgage interest
4,003
3,444
14,554
47,525
1,597
38,296
Other interest paid on business indebtedness
42,270
48,140
13,483
92,218
24,216
61,891
Office expenses
359,819
266,765
158,500
17,653
421,883
343,356
Pension and profit-sharing plans
2,930
582
0
23,398
* 948
20,265
Rent paid on machinery and equipment
70,491
19,385
31,189
164,467
29,115
44,796
Rent paid on other business property
830,552
318,491
123,801
1,486,055
243,327
351,034
Repairs
105,097
58,591
40,298
298,694
49,335
217,322
Supplies
525,108
211,628
30,331
1,092,848
903,211
1,220,620
Salaries and wages
542,182
447,613
130,800
1,538,231
159,442
535,401
Taxes paid
215,990
174,764
50,951
561,531
148,768
270,604
357,628
Travel
108,619
36,480
15,036
273,979
82,671
Utilities
283,830
179,317
55,945
840,695
265,999
738,190
1,279,481
712,150
324,295
3,030,003
2,452,077
2,038,404
Other business expenses
Home office business deductions, total
Net income less deficit [1]
Net income [1]
Deficit
Qualified business deduction
58,900
38,189
11,313
155,294
120,846
230,533
1,136,208
699,049
283,021
4,091,350
1,204,008
3,928,977
2,109,562
1,294,805
352,844
6,551,339
2,451,017
6,770,083
973,355
595,755
69,823
2,459,988
1,247,009
2,841,106
468,160
248,721
81,535
1,439,360
517,945
1,818,995
Footnotes at end of table.
Statistics of Income Bulletin
22
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Transportation and warehousing
Net income status, item
Total
Air and
rail
transportation
Water
transportation
Truck
transportation
(54)
(55)
(56)
(57)
Taxi, limousine
Other transit
service, and
and ground
ridesharing
transportation
service
(58)
(59)
Pipeline
transportation
Scenic
and
sightseeing
transportation
(60)
(61)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
3,671,901
20,870
5,584
813,975
1,121,324
131,754
* 1,281
12,237
176,241,606
2,296,722
1,391,180
112,047,563
28,793,892
5,237,772
* 126,893
725,698
717,101
174,314,107
2,180,762
1,348,015
111,227,810
28,259,130
5,179,638
* 126,893
Other business income (loss)
1,927,500
115,960
43,165
819,754
534,762
58,135
0
8,597
Business deductions, total [1]
151,469,383
2,649,685
1,462,617
96,141,028
24,510,621
4,467,617
* 96,815
896,307
15,802,686
560,094
724,225
9,850,188
382,383
290,202
* 31,249
154,140
339,304
20,057
* 9,416
94,686
* 14,279
* 54,036
0
**
2,822,724
37,488
* 188,891
1,769,110
117,642
* 46,562
0
* 16,164
* 75,442
Cost of sales and operations, total
Inventory, beginning of year
Cost of labor
Purchases
4,376,045
139,147
* 3,694
3,019,721
74,083
** 47,286
**
Materials and supplies
1,062,919
70,333
17,026
525,147
118,908
** 18,630
**
27,312
Other costs
7,565,236
321,161
518,775
4,546,188
89,697
** 194,639
**
35,876
363,542
28,092
* 13,576
104,664
* 32,227
* 39,701
0
**
Advertising expenses
Inventory, end of year
454,976
13,331
1,262
153,510
86,668
** 50,008
**
1,922
Car and truck expenses
41,225,909
85,451
18,412
23,026,139
9,155,266
** 1,060,740
**
16,194
Commissions
3,933,160
99,081
2,166
1,604,584
1,907,585
** 103,403
**
3,168
Contract labor
14,421,877
130,896
7,458
12,360,366
185,895
** 448,752
**
6,429
Depletion
Depreciation
Employee benefit programs
Insurance
Legal and professional services
Meals deducted
29,943
* 71
0
12,050
* 6,980
* 8,967
0
**
11,477,985
685,414
261,077
8,063,579
800,468
** 363,154
**
289,259
186,260
7,211
36,612
103,269
* 9,741
** 9,317
**
* 446
6,147,559
49,422
13,691
4,610,098
607,399
** 248,597
**
29,525
825,367
30,841
12,690
462,470
158,489
31,919
* 325
5,455
3,729,517
19,000
2,279
2,980,307
411,572
64,167
* 1,941
3,593
Mortgage interest
256,439
9,410
6,521
144,599
45,430
** 21,006
**
9,370
Other interest paid on business indebtedness
704,442
34,488
27,061
502,270
29,541
** 19,655
**
30,718
Office expenses
873,981
13,836
4,278
480,678
132,692
36,806
* 1,032
7,948
Pension and profit-sharing plans
19,421
1,200
* 170
9,444
* 4,963
** 256
**
0
Rent paid on machinery and equipment
4,045,266
12,496
1,789
2,608,138
931,342
** 132,643
**
* 19,389
Rent paid on other business property
1,688,163
48,126
13,631
929,398
304,966
** 60,888
**
44,184
Repairs
9,518,333
136,913
40,040
7,824,691
714,954
214,105
* 3,333
33,449
Supplies
3,106,029
37,746
7,656
1,630,237
639,611
120,518
* 1,921
81,311
Salaries and wages
5,011,198
129,197
129,059
3,296,771
104,337
** 387,647
**
37,782
Taxes paid
1,822,095
33,580
17,760
1,265,460
210,263
83,157
* 1,201
10,409
10,453
Travel
1,929,008
37,595
8,839
1,407,254
185,324
** 87,185
**
Utilities
3,075,484
33,523
6,770
1,318,994
784,412
** 89,102
**
8,710
Other business expenses
20,855,342
437,660
117,576
11,308,795
6,662,645
579,070
* 7,383
92,400
Home office business deductions, total
328,945
3,102
* 1,595
187,738
47,695
4,785
0
**
24,873,893
-337,218
-68,859
15,928,957
4,313,164
771,157
* 30,078
-165,712
Net income [1]
35,139,365
411,802
171,176
19,037,741
7,062,741
1,273,723
* 31,600
60,760
Deficit
10,265,472
749,021
240,036
3,108,783
2,749,578
502,567
* 1,522
226,472
5,018,305
655,879
56,367
2,397,113
706,867
173,334
* 6,247
86,477
Net income less deficit [1]
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
23
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Transportation and warehousing—continued
Net income status, item
Support
activities for
transportation
(including
motor vehicle
towing)
(62)
Information
Couriers
and
messengers
Warehousing
and
storage
facilities
(63)
(64)
Total
Publishing
industries
(except
internet)
Motion
picture and
sound
recording
Broadcasting
(except internet)
and telecommunications
and internet
service providers
Data processing,
internet
publishing
and
broadcasting,
and web search
portals
(65)
(66)
(67)
(68)
(69)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
88,721
1,458,044
18,110
481,912
39,430
213,463
62,536
166,484
7,472,027
17,260,814
889,046
15,394,865
1,184,427
6,101,942
3,756,935
4,351,561
4,263,136
7,282,195
17,106,869
885,695
15,039,315
1,163,364
5,913,656
3,699,159
Other business income (loss)
189,832
153,944
3,351
355,550
21,064
188,286
57,776
88,425
Business deductions, total [1]
6,735,973
13,648,249
860,472
11,357,019
874,571
4,651,718
3,105,239
2,725,490
Cost of sales and operations, total
2,544,469
985,585
280,151
2,198,606
116,298
778,148
859,369
444,790
Inventory, beginning of year
** 86,179
* 28,396
* 32,256
72,276
5,806
11,802
* 19,607
35,061
Cost of labor
477,424
158,620
* 10,823
315,047
* 13,948
222,665
46,377
32,057
Purchases
471,572
416,585
128,516
841,437
34,209
41,313
508,165
257,750
162,571
116,539
* 6,453
312,984
12,221
40,601
242,833
17,329
Other costs
Materials and supplies
1,411,475
278,034
169,391
721,968
56,810
471,654
62,184
131,320
Inventory, end of year
** 65,405
* 12,589
* 67,287
65,107
6,696
9,888
* 19,797
28,726
Advertising expenses
75,443
71,965
866
423,707
18,665
133,707
146,440
124,895
Car and truck expenses
632,628
7,166,286
64,794
738,316
74,422
278,161
271,528
114,205
Commissions
47,270
162,684
3,217
200,933
23,918
65,779
25,102
86,134
Contract labor
518,432
714,125
49,523
994,963
126,524
357,151
260,275
251,014
Depletion
** 142
* 1,732
0
*6
** 6
**
**
**
Depreciation
423,482
508,388
83,164
727,332
30,099
309,228
237,823
150,183
16,311
Employee benefit programs
10,108
5,120
4,437
32,003
4,730
5,095
5,867
Insurance
257,202
312,953
18,673
146,463
8,331
42,589
77,724
17,819
Legal and professional services
44,833
74,099
4,246
293,665
29,419
101,286
60,650
102,309
Meals deducted
49,926
193,483
3,247
157,495
13,321
91,990
19,707
32,477
Mortgage interest
12,835
5,199
2,068
7,296
* 1,630
1,188
* 2,151
* 2,327
Other interest paid on business indebtedness
26,487
32,574
1,648
191,945
1,438
158,905
16,448
15,154
Office expenses
52,216
139,212
5,283
240,096
34,860
108,426
41,986
54,824
Pension and profit-sharing plans
1,366
* 1,171
* 850
16,774
* 106
11,065
* 477
5,126
Rent paid on machinery and equipment
44,606
286,639
8,224
202,306
6,486
84,391
91,013
20,416
42,409
Rent paid on other business property
117,446
119,693
49,831
359,569
37,463
239,100
40,597
Repairs
251,226
277,795
21,827
81,081
3,864
26,408
22,878
27,932
Supplies
193,682
374,601
18,746
490,499
111,744
177,766
45,066
155,923
Salaries and wages
432,060
417,070
77,275
720,715
49,975
214,557
211,783
244,400
Taxes paid
100,891
84,219
15,155
135,482
20,000
54,613
34,652
26,216
Travel
76,311
100,993
15,056
325,404
9,559
172,752
58,053
85,040
Utilities
112,887
696,556
24,530
398,314
37,761
173,311
71,489
115,754
Other business expenses
693,561
855,615
100,637
2,047,593
84,758
955,455
474,075
533,304
Home office business deductions, total
** 16,517
60,489
* 7,025
223,163
29,197
107,352
30,087
56,528
727,448
3,646,386
28,493
4,165,066
311,343
1,571,719
651,972
1,630,032
1,153,222
5,762,276
174,324
6,089,156
378,256
2,560,612
964,656
2,185,632
425,774
2,115,889
145,831
1,924,090
66,913
988,893
312,683
555,600
237,277
645,357
53,388
1,193,250
93,173
505,483
176,942
417,651
Net income less deficit [1]
Net income [1]
Deficit
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
24
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Finance and insurance
Securities, commodity contracts, and other financial investments
Net income status, item
Total
Credit
intermediation
and related
activities
(70)
(71)
Total
Investment
bankers and
securities
dealers
Securities
brokers
Commodity
contracts
brokers
and dealers
Securities and
commodity
exchanges
Other financial
investment
activities
(investment
advice)
(72)
(73)
(74)
(75)
(76)
(77)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
718,896
40,366
234,090
7,841
10,972
27,368
4,029
183,879
122,980,785
4,176,335
80,737,761
8,366,051
7,099,281
1,981,307
1,095,936
62,195,185
60,721,476
119,511,284
4,107,349
78,397,991
8,283,679
6,751,751
1,602,312
1,038,773
Other business income (loss)
3,469,501
68,986
2,339,769
82,372
347,530
378,995
* 57,163
1,473,709
Business deductions, total [1]
95,717,633
2,945,527
68,271,373
7,648,928
5,987,188
1,962,539
1,118,935
51,553,782
Cost of sales and operations, total
44,383,238
529,337
41,361,830
6,267,168
4,074,642
1,340,640
1,020,612
28,658,768
Inventory, beginning of year
6,263,664
116,648
6,022,778
* 39,800
* 91,381
** 69,333
**
5,822,263
Cost of labor
287,955
* 3,079
75,209
* 8,302
* 2,034
* 2,771
0
62,102
Purchases
22,667,108
197,670
22,189,408
4,833,273
2,172,191
738,101
* 826,656
13,619,187
460,775
* 62,413
273,686
* 214,989
*6
** 8,744
**
49,947
15,395,861
261,890
13,298,138
1,224,514
1,833,307
544,275
* 194,009
9,502,033
Materials and supplies
Other costs
692,124
112,363
497,390
* 53,710
* 24,277
** 22,638
**
396,765
Advertising expenses
Inventory, end of year
1,302,405
140,846
361,798
9,193
13,945
8,195
* 450
330,015
Car and truck expenses
2,495,469
186,594
481,146
16,696
28,148
17,292
2,696
416,313
Commissions
4,753,747
275,394
1,840,479
158,592
325,457
** 3,703
**
1,352,728
Contract labor
2,589,047
238,088
1,490,882
119,504
129,364
37,703
* 2,046
1,202,265
5,086
** 3
5,065
* 198
* 1,920
** 217
**
2,729
1,774,839
82,989
915,849
67,217
17,311
117,317
1,192
712,813
Employee benefit programs
207,370
** 6,893
104,627
2,274
2,853
* 672
* 1,284
97,544
Insurance
777,114
18,510
232,704
12,101
37,015
4,289
* 212
179,088
Depletion
Depreciation
Legal and professional services
1,299,788
68,491
809,489
22,182
30,417
18,287
2,123
736,480
Meals deducted
673,027
37,560
243,021
11,885
10,301
4,793
292
215,750
Mortgage interest
105,766
3,676
24,908
* 1,653
* 285
** 309
**
22,662
Other interest paid on business indebtedness
911,619
53,386
685,783
8,422
9,466
4,677
14,564
648,654
354,701
Office expenses
1,176,643
73,660
420,508
15,623
22,324
26,442
1,419
Pension and profit-sharing plans
173,611
11,040
91,814
7,459
7,421
* 357
0
76,577
Rent paid on machinery and equipment
312,292
32,134
97,644
1,487
5,371
** 1,980
**
88,806
Rent paid on other business property
1,709,078
49,356
782,499
38,302
33,589
5,691
* 1,555
703,362
Repairs
351,480
18,560
140,010
5,326
4,092
13,002
* 277
117,312
Supplies
642,709
117,166
198,840
7,011
2,346
12,523
* 88
176,872
5,740,281
244,423
2,894,028
112,969
82,317
122,348
* 7,126
2,569,268
Taxes paid
828,551
27,878
340,794
13,468
12,527
7,569
493
306,737
Travel
841,348
49,699
357,745
28,263
16,382
15,297
591
297,211
Utilities
1,398,749
61,703
419,483
20,414
34,931
10,038
4,352
349,748
Other business expenses
20,721,938
553,470
13,775,892
692,814
1,075,159
186,547
56,413
11,764,959
Salaries and wages
Home office business deductions, total
542,439
** 68,451
194,536
8,708
9,604
3,155
645
172,423
27,483,336
1,213,819
12,704,442
717,292
1,113,438
18,341
-22,999
10,878,370
Net income [1]
32,860,244
1,560,607
16,375,650
845,671
1,198,358
294,933
47,446
13,989,243
Deficit
5,376,908
346,788
3,671,208
128,379
84,920
276,592
70,445
3,110,872
5,852,114
433,060
2,180,337
57,329
114,340
52,591
18,363
1,937,714
Net income less deficit [1]
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
25
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Finance and insurance—continued
Real estate and rental and leasing
Insurance agents, brokers, and related activities
Net income status, item
Total
Insurance
agencies and
brokerages
(78)
(79)
Real estate
Other insurance Funds, trusts, and
other financial
related activities
vehicles
and other
financial vehicles
(80)
(81)
Total
(82)
Total
Lessors of
real estate
(including
miniwarehouses
and self storage)
(83)
(84)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
433,037
331,108
101,929
11,404
1,499,713
1,415,352
63,579
37,440,024
30,035,669
7,404,355
626,665
127,113,590
119,453,905
4,153,649
Income from sales and operations
36,405,443
29,183,163
7,222,280
600,500
124,781,425
117,299,250
4,077,415
Other business income (loss)
1,034,581
852,506
182,075
* 26,165
2,332,165
2,154,655
76,234
Business deductions, total [1]
23,914,232
19,237,164
4,677,068
586,502
81,039,447
72,892,124
3,742,219
Business receipts, total [1]
Cost of sales and operations, total
2,370,123
1,748,482
621,641
* 121,949
20,961,005
18,533,488
509,296
Inventory, beginning of year
76,643
69,086
7,557
* 47,595
2,913,907
2,608,230
78,804
Cost of labor
209,667
45,494
164,174
0
748,348
697,315
65,643
Purchases
175,975
65,168
110,807
* 104,055
8,356,567
7,124,499
273,693
Materials and supplies
Other costs
Inventory, end of year
124,676
93,386
31,290
0
2,010,593
1,861,763
91,895
1,833,371
1,515,812
317,560
* 2,461
10,267,490
9,242,284
121,966
122,705
50,210
* 40,463
9,747
* 32,162
3,335,899
3,000,603
Advertising expenses
788,361
686,740
101,621
11,400
3,146,484
3,066,003
26,374
Car and truck expenses
1,809,278
1,426,079
383,200
18,451
6,467,294
6,136,169
135,279
Commissions
2,609,144
2,047,146
561,998
* 28,730
5,446,864
5,367,514
185,687
Contract labor
853,955
659,375
194,579
* 6,122
3,467,853
3,172,498
99,120
* 19
* 11
*7
**
7,979
6,858
* 327
726,103
478,492
247,611
49,898
6,169,473
3,641,851
580,137
Depletion
Depreciation
Employee benefit programs
95,851
75,904
19,947
**
204,308
188,784
6,316
Insurance
518,754
448,248
70,506
7,145
959,403
821,946
91,865
Legal and professional services
393,926
311,994
81,932
27,882
1,675,277
1,575,019
82,372
Meals deducted
391,458
305,625
85,834
987
1,121,410
1,092,507
23,709
Mortgage interest
76,686
69,628
7,058
* 495
629,730
589,846
222,887
Other interest paid on business indebtedness
172,385
154,789
17,596
* 65
627,582
476,593
25,560
Office expenses
673,617
502,991
170,626
8,858
1,636,049
1,575,092
29,813
Pension and profit-sharing plans
70,757
63,911
6,846
**
61,042
58,077
2,690
Rent paid on machinery and equipment
144,785
120,223
24,562
* 37,730
513,573
430,380
33,125
Rent paid on other business property
873,724
780,024
93,700
* 3,499
1,907,949
1,748,991
134,097
Repairs
190,932
163,741
27,191
* 1,978
1,867,068
1,611,466
335,168
Supplies
323,892
253,579
70,313
* 2,812
1,714,815
1,534,643
102,773
2,530,249
2,203,585
326,664
* 71,582
3,413,147
3,075,929
119,926
206,674
Salaries and wages
Taxes paid
457,053
333,934
123,119
2,826
1,279,033
1,191,094
Travel
420,733
300,492
120,241
13,171
1,063,500
997,922
43,523
Utilities
890,504
742,445
148,059
27,059
2,419,578
2,336,640
175,383
6,252,492
5,161,871
1,090,621
140,083
13,241,417
12,633,122
551,283
279,453
197,858
81,595
**
1,033,864
1,025,949
18,835
13,524,911
10,797,579
2,727,332
40,164
46,166,201
46,609,711
418,237
Net income [1]
14,820,197
11,716,193
3,104,004
103,790
54,483,695
53,415,047
1,222,077
Deficit
1,295,286
918,615
376,671
63,626
8,317,494
6,805,337
803,840
3,193,665
2,229,774
963,891
45,052
11,173,663
10,163,758
406,441
Other business expenses
Home office business deductions, total
Net income less deficit [1]
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
26
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Real estate and rental and leasing—continued
Real estate—continued
Net income status, item
Rental and leasing services
Offices of real
estate agents,
brokers,
property
managers and
appraisers
Other
activities
related
to real estate
Total
Automotive
equipment
rental
and leasing
Consumer
electronics and
appliances
rental
Formal wear
and costume
rental
Video tape
and disc
rental
Home health
equipment
rental
(85)
(86)
(87)
(88)
(89)
(90)
(91)
(92)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
1,079,609
272,163
82,265
31,106
2,959
**
0
**
Business receipts, total [1]
83,553,646
31,746,610
7,626,463
1,468,715
** 109,900
**
0
**
Income from sales and operations
82,200,257
31,021,579
7,448,971
1,457,568
** 109,856
**
0
**
Other business income (loss)
1,353,389
725,031
177,492
11,147
** 44
**
0
0
Business deductions, total [1]
45,191,328
23,958,576
8,100,490
1,447,354
** 118,382
**
0
**
Cost of sales and operations, total
6,178,111
11,846,080
** 2,427,518
320,030
** 25,819
**
0
0
Inventory, beginning of year
431,957
2,097,470
305,676
90,590
** 10,607
0
0
**
Cost of labor
374,943
256,728
** 51,033
* 1,709
0
0
0
0
Purchases
1,656,056
5,194,750
** 1,232,067
276,568
** 31,017
**
0
0
**
Materials and supplies
Other costs
Inventory, end of year
501,400
1,268,468
148,830
* 4,597
** 125
0
0
3,832,667
5,287,651
** 1,025,206
41,861
** 286
0
0
**
618,911
2,258,986
335,296
95,295
** 16,216
0
0
**
Advertising expenses
2,520,144
519,485
79,920
17,976
** 551
0
0
**
Car and truck expenses
4,941,437
1,059,453
** 331,126
99,235
** 30,613
0
0
**
Commissions
4,471,847
709,980
** 79,350
32,585
0
0
0
0
Contract labor
2,316,829
756,549
293,099
25,709
** 198
0
0
**
Depletion
Depreciation
3,104
3,427
1,122
* 29
0
0
0
0
2,081,303
980,411
2,525,377
532,738
** 31,981
0
0
**
**
Employee benefit programs
139,478
42,990
** 15,524
2,306
** 396
0
0
Insurance
532,082
197,998
135,743
20,718
** 412
0
0
**
1,064,969
427,677
93,631
18,118
** 117
0
0
**
Meals deducted
885,031
183,768
** 28,903
8,206
** 30
0
0
**
Mortgage interest
187,753
179,206
39,884
5,392
** 134
0
0
**
Other interest paid on business indebtedness
207,356
243,678
** 150,989
36,560
* 1,156
0
0
0
1,244,601
300,678
50,892
9,591
* 615
0
0
0
41,899
13,488
2,965
* 1,528
0
0
0
0
Legal and professional services
Office expenses
Pension and profit-sharing plans
Rent paid on machinery and equipment
291,890
105,365
83,193
11,588
0
0
0
0
Rent paid on other business property
1,187,213
427,680
157,564
33,646
** 1,372
0
0
**
Repairs
786,092
490,206
254,830
31,794
** 255
0
0
**
Supplies
1,086,159
345,711
176,963
25,143
** 3,810
0
0
**
Salaries and wages
**
1,962,287
993,715
** 337,219
44,311
** 1,881
0
0
Taxes paid
658,441
325,978
87,323
16,167
** 1,165
**
0
0
Travel
708,463
245,936
64,009
10,925
** 114
0
0
**
Utilities
1,694,706
466,551
79,062
19,644
** 3,564
0
0
**
Other business expenses
9,145,097
2,936,742
605,493
121,989
** 12,649
0
0
**
Home office business deductions, total
851,288
155,826
** 7,915
* 1,426
** 1,551
0
0
**
38,384,074
7,807,399
-429,899
21,659
** -8,483
**
0
**
Net income [1]
41,884,659
10,308,311
1,063,956
345,602
* 6,260
0
0
0
Deficit
3,500,585
2,500,912
1,493,855
323,942
** 14,742
**
0
**
7,228,826
2,528,491
1,001,712
282,734
** 1,452
**
0
**
Net income less deficit [1]
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
27
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Real estate and rental and leasing—continued
Professional, scientific, and technical services
Rental and leasing services—continued
Net income status, item
Recreational
goods rental
All other
consumer
goods rental
(93)
(94)
Lessors of
Commercial
General rental
nonfinancial
and
centers and
intangible
industrial
other
machinery and assets (except
consumer
copyrighted
equipment
goods
works)
rental
rental
and leasing
(95)
(96)
(97)
Total
(98)
Offices of
Legal services certified public
accountants
(99)
(100)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
5,381
16,504
7,809
18,507
2,096
3,680,180
313,646
30,248
294,082
1,141,391
547,184
4,065,191
33,222
227,310,962
39,579,912
4,154,591
4,071,466
293,895
1,121,841
545,801
3,920,010
33,203
223,535,704
39,120,228
Other business income (loss)
* 187
19,550
* 1,383
145,181
* 19
3,775,259
459,684
83,125
Business deductions, total [1]
352,858
1,188,414
574,689
4,418,793
46,833
128,288,544
21,446,109
2,225,475
Cost of sales and operations, total
* 193,307
370,254
148,155
** 1,369,953
**
26,988,629
2,451,685
12,599
Inventory, beginning of year
0
* 13,921
* 35,174
155,384
0
989,484
32,323
**
Cost of labor
**
** 9,090
* 6,684
** 33,551
**
3,292,501
83,651
0
Purchases
**
** 28,531
120,029
** 775,923
**
11,914,826
98,076
* 1,820
Materials and supplies
Other costs
Inventory, end of year
* 69
* 4,787
* 23,184
116,068
0
3,033,654
75,996
0
* 193,229
333,043
* 2,679
** 454,108
**
8,963,880
2,196,190
* 10,780
0
* 19,107
* 39,596
165,082
0
1,205,716
34,550
**
Advertising expenses
3,050
20,028
15,983
22,331
* 562
3,538,241
780,304
19,574
Car and truck expenses
* 11,393
88,554
26,146
** 75,185
**
7,378,099
865,411
63,383
Commissions
* 184
4,507
* 7,097
** 34,977
**
1,983,942
189,580
88,678
Contract labor
* 316
52,150
* 87,597
127,127
* 2,256
9,555,174
922,044
76,223
0
0
0
* 1,093
0
16,984
739
**
64,304
225,032
79,923
1,591,398
* 2,245
5,207,939
410,412
49,372
Depletion
Depreciation
Employee benefit programs
0
1,679
* 1,696
** 9,447
**
697,263
203,664
20,285
1,407
14,157
8,015
91,034
* 1,714
1,913,471
554,100
50,499
Legal and professional services
1,129
23,067
6,869
44,331
* 6,627
4,121,535
986,179
48,744
Meals deducted
* 1,074
6,636
2,214
** 10,742
**
1,782,890
211,191
30,518
* 88
11,364
* 8,812
14,094
0
284,775
40,160
9,341
* 3,366
10,629
2,188
** 97,090
**
632,180
136,587
12,057
* 346
21,611
3,666
15,063
* 10,066
3,901,125
915,801
123,177
0
0
* 117
1,320
0
385,845
101,306
19,676
Rent paid on machinery and equipment
* 514
5,313
25,088
40,690
0
979,042
126,734
21,023
Rent paid on other business property
* 3,492
45,713
19,774
53,566
* 1,394
4,802,458
1,518,756
142,278
Repairs
12,598
27,989
20,440
161,754
* 772
1,182,325
186,063
26,156
Supplies
26,370
67,156
17,994
36,490
* 3,210
4,526,257
327,572
29,844
* 601
57,112
21,814
** 211,500
**
14,445,609
4,080,170
709,367
Taxes paid
2,208
12,284
7,370
48,129
* 617
2,394,544
524,438
86,739
Travel
* 1,213
6,341
7,006
38,410
* 1,569
3,598,051
275,858
20,461
Utilities
3,754
16,380
16,257
19,463
* 3,877
4,740,957
797,814
89,518
Other business expenses
22,144
98,113
38,280
312,318
* 2,803
20,077,576
4,592,651
439,107
0
* 2,343
* 2,187
** 408
**
3,153,629
246,890
36,745
-58,172
-42,236
-27,498
-315,170
-13,611
99,113,793
18,135,151
1,929,098
Net income [1]
* 21,083
170,052
42,378
478,583
4,691
110,756,388
19,093,405
1,942,412
Deficit
79,255
212,288
69,876
793,752
* 18,302
11,642,595
958,254
13,315
10,573
91,721
16,025
599,208
8,192
16,398,519
2,152,910
306,072
Insurance
Mortgage interest
Other interest paid on business indebtedness
Office expenses
Pension and profit-sharing plans
Salaries and wages
Home office business deductions, total
Net income less deficit [1]
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
28
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Professional, scientific, and technical services—continued
Architectural, engineering, and related services
Net income status, item
Other
accounting
services
(101)
Total
Architectural
services
Engineering
services
Drafting,
building
inspections,
and
geophysical
surveying
(102)
(103)
(104)
(105)
Surveying and
mapping
(except
geophysical)
services
Testing
laboratories
(106)
(107)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
320,671
286,025
132,921
82,764
53,797
9,581
6,962
11,169,859
18,611,029
8,199,808
6,853,587
2,329,733
606,319
621,583
621,578
10,923,094
18,293,780
8,130,936
6,642,591
2,292,479
606,198
Other business income (loss)
246,766
317,249
68,872
210,996
* 37,254
* 121
*5
Business deductions, total [1]
6,441,880
12,184,643
6,078,147
3,965,269
1,311,558
336,096
493,572
Cost of sales and operations, total
479,642
2,924,007
1,544,671
1,144,510
67,783
* 28,931
* 138,113
Inventory, beginning of year
** 14,969
53,339
23,832
* 29,507
0
0
0
Cost of labor
342,603
460,954
280,358
171,910
** 8,686
**
**
Purchases
31,358
1,153,154
458,433
658,568
** 36,153
**
**
Materials and supplies
64,549
674,324
454,877
162,785
** 23,426
**
* 33,236
Other costs
34,214
652,632
367,920
151,386
** 133,325
**
**
Inventory, end of year
** 8,052
70,395
* 40,749
* 29,646
0
0
0
Advertising expenses
137,131
145,790
84,517
40,449
16,971
2,600
* 1,253
Car and truck expenses
423,689
962,153
476,556
271,693
156,556
26,148
31,199
Commissions
101,324
116,838
104,911
2,288
** 9,639
**
0
Contract labor
440,324
939,349
472,579
333,980
99,256
* 29,566
* 3,968
Depletion
** 123
* 105
0
* 91
** 14
**
0
Depreciation
303,775
706,235
313,197
172,211
175,390
* 26,065
* 19,372
Employee benefit programs
31,844
79,408
35,492
28,442
** 15,474
**
**
Insurance
98,909
312,532
186,808
82,815
30,856
8,721
* 3,332
Legal and professional services
196,268
266,667
151,011
79,800
26,960
4,674
4,221
Meals deducted
104,113
141,723
53,066
63,676
15,341
* 2,734
6,907
Mortgage interest
17,877
43,607
9,124
33,795
** 688
**
0
Other interest paid on business indebtedness
42,231
42,967
19,315
16,008
* 2,245
* 683
* 4,716
Office expenses
314,264
243,613
97,654
81,125
44,129
9,926
10,778
Pension and profit-sharing plans
14,969
42,527
11,516
28,754
** 2,257
**
**
Rent paid on machinery and equipment
69,055
114,504
83,335
22,485
* 8,387
* 255
* 42
Rent paid on other business property
376,851
327,584
207,566
87,658
10,995
* 3,691
* 17,675
Repairs
73,167
176,404
120,413
34,386
9,516
* 4,249
* 7,841
Supplies
191,100
440,762
248,030
124,435
49,299
12,768
6,230
Salaries and wages
915,436
1,652,984
756,478
506,977
224,185
* 76,000
* 89,344
Taxes paid
158,111
264,710
131,098
81,543
27,733
7,894
* 16,443
Travel
104,567
224,349
85,651
104,577
19,499
* 8,699
* 5,923
Utilities
357,875
393,501
193,001
104,080
67,572
19,838
9,010
1,309,505
1,381,853
577,947
448,959
202,417
50,794
101,737
Other business expenses
Home office business deductions, total
Net income less deficit [1]
Net income [1]
Deficit
Qualified business deduction
179,839
240,471
114,211
70,534
45,741
5,918
* 4,067
4,729,555
6,433,831
2,121,853
2,889,415
1,024,330
270,222
128,011
5,299,260
7,537,019
2,692,503
3,275,435
1,159,300
272,742
137,040
569,705
1,103,188
570,650
386,020
134,970
* 2,520
* 9,029
1,026,565
1,165,229
410,354
527,767
153,967
46,972
26,169
Footnotes at end of table.
Statistics of Income Bulletin
29
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Professional, scientific, and technical services—continued
Other professional, scientific, and technical services
Net income status, item
Specialized
design
services
Computer
systems design
services
(108)
(109)
Total
Management,
scientific, and
technical
consulting
services
Scientific
research and
development
services
Advertising
and related
services
(110)
(111)
(112)
(113)
Market
Other
research
miscellaneous
and public
services
opinion polling
(114)
(115)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
287,701
315,741
2,126,147
1,092,076
63,494
140,399
31,660
798,517
11,846,074
17,563,162
124,386,335
66,257,806
2,084,221
10,389,569
877,663
44,777,077
43,901,784
11,703,750
17,371,864
122,051,522
64,896,460
2,071,484
10,306,775
875,019
Other business income (loss)
142,324
191,299
2,334,813
1,361,346
12,737
82,793
2,644
875,293
Business deductions, total [1]
8,035,898
10,099,032
67,855,507
30,421,080
1,104,075
7,426,832
420,847
28,482,673
Cost of sales and operations, total
3,415,717
2,622,903
15,082,076
4,988,697
67,448
2,806,109
83,473
7,136,349
Inventory, beginning of year
198,913
46,680
643,260
242,244
* 37,315
** 70,235
**
293,466
Cost of labor
138,215
266,074
2,001,004
1,024,948
* 10,103
** 292,523
**
673,430
Purchases
3,840,923
2,155,265
1,058,178
7,416,974
2,095,490
* 30,601
1,443,306
* 6,654
Materials and supplies
710,543
145,752
1,362,491
409,858
13,084
** 273,506
**
666,043
Other costs
441,321
1,131,003
4,497,739
1,539,561
17,072
847,379
* 74,774
2,018,953
228,541
24,785
839,392
323,406
* 40,726
** 118,794
**
356,466
Advertising expenses
Inventory, end of year
152,133
280,699
2,022,611
890,676
11,484
363,004
2,546
754,900
Car and truck expenses
391,144
491,197
4,181,121
2,085,058
71,749
267,475
58,368
1,698,471
Commissions
55,275
173,687
1,258,559
555,373
* 27,415
174,979
* 1,206
499,586
Contract labor
351,196
1,277,359
5,548,679
2,965,430
176,799
568,385
45,312
1,792,754
Depletion
** 770
**
15,247
6,617
0
* 911
0
7,718
Depreciation
314,770
362,785
3,060,590
1,414,624
43,799
254,589
6,485
1,341,093
Employee benefit programs
6,258
58,311
297,492
141,952
5,682
24,440
* 4,648
120,770
Insurance
62,416
83,551
751,464
333,255
11,779
56,400
7,062
342,968
Legal and professional services
113,837
401,814
2,108,026
1,205,425
39,516
224,604
6,880
631,601
Meals deducted
74,840
119,227
1,101,277
609,767
12,897
94,328
6,337
377,949
Mortgage interest
7,891
20,058
145,842
68,443
* 556
** 3,587
**
73,256
Other interest paid on business indebtedness
22,755
33,938
341,647
172,222
3,133
41,633
435
124,224
Office expenses
222,967
243,686
1,837,618
904,739
25,242
126,410
14,218
767,009
Pension and profit-sharing plans
16,256
22,967
168,144
108,352
4,287
7,654
0
47,851
Rent paid on machinery and equipment
64,583
74,914
508,229
252,120
7,638
24,928
8,277
215,267
Rent paid on other business property
328,820
234,497
1,873,672
870,012
36,250
126,621
10,925
829,864
Repairs
63,023
45,826
611,686
258,289
9,139
45,262
3,810
295,186
Supplies
516,581
318,050
2,702,347
1,030,603
57,583
202,524
10,006
1,401,632
Salaries and wages
254,057
971,174
5,862,421
2,491,358
86,125
542,973
29,191
2,712,774
Taxes paid
96,374
156,054
1,108,118
484,032
18,978
106,401
4,432
494,276
Travel
131,416
289,113
2,552,286
1,618,776
44,790
136,445
8,162
744,114
Utilities
292,500
341,224
2,468,525
1,272,907
33,339
211,760
9,346
941,172
Other business expenses
787,691
1,250,169
10,316,599
4,640,082
236,024
883,992
83,536
4,472,965
Home office business deductions, total
292,637
225,819
1,931,228
1,052,268
72,424
131,472
16,139
658,925
3,807,870
7,503,771
56,574,518
35,862,088
980,473
2,962,642
456,816
16,312,500
4,693,953
8,413,343
63,776,996
39,887,334
1,107,528
3,511,763
494,362
18,776,009
886,083
909,573
7,202,478
4,025,246
127,055
549,121
37,546
2,463,509
1,032,855
1,201,733
9,513,156
5,409,814
164,308
648,577
76,108
3,214,349
Net income less deficit [1]
Net income [1]
Deficit
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
30
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Educational services
Administrative and support and waste management
and remediation services
Ambulatory health care services
Total
Management of
companies and
enterprises
Administrative
and
support
services
Waste
management
and
remediation
services
(116)
(117)
(118)
(119)
Net income status, item
Health care and social assistance
Total
Total
(120)
(121)
Total
Offices of
physicians
(except mental
health
specialists)
(122)
(123)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
2,775,909
9,663
2,741,670
24,577
829,879
2,190,047
1,314,471
188,225
100,198,349
1,016,420
95,310,787
3,871,143
14,870,686
129,104,086
99,705,277
29,036,013
Income from sales and operations
98,645,575
981,435
93,838,402
3,825,738
14,775,337
126,835,671
98,091,467
28,221,194
Other business income (loss)
1,552,774
34,985
1,472,384
45,405
95,348
2,268,415
1,613,810
814,820
Business deductions, total [1]
73,776,170
922,105
69,331,198
3,522,867
10,357,537
81,551,484
61,791,226
15,821,567
15,074,730
424,918
13,184,180
1,465,632
848,288
5,729,672
4,972,246
1,297,134
417,404
* 14,352
388,769
14,283
83,827
331,634
286,684
58,150
3,436,478
* 45,655
3,166,162
224,661
110,882
835,980
610,731
** 153,641
Business receipts, total [1]
Cost of sales and operations, total
Inventory, beginning of year
Cost of labor
Purchases
4,215,384
252,308
3,687,434
275,642
459,040
2,183,300
2,020,135
** 499,604
Materials and supplies
4,213,110
* 21,650
3,774,910
416,549
36,790
986,770
874,619
165,841
Other costs
3,180,024
118,951
2,509,804
551,268
241,608
1,751,797
1,486,448
494,963
387,668
* 27,998
342,898
16,772
83,859
359,810
306,371
53,801
Advertising expenses
1,109,307
5,251
1,076,664
27,391
311,719
1,201,086
983,818
176,363
Car and truck expenses
361,584
Inventory, end of year
9,027,285
40,865
8,796,473
189,947
897,624
4,574,926
3,177,306
Commissions
794,640
9,377
783,507
* 1,756
159,019
390,086
350,851
48,243
Contract labor
7,000,569
68,261
6,790,908
141,399
553,929
3,618,647
2,857,695
707,826
Depletion
Depreciation
Employee benefit programs
3,933
* 59
** 3,874
**
41
4,862
4,408
** 2,535
5,092,638
45,434
4,631,445
415,759
446,174
2,911,882
2,301,037
494,235
146,542
3,291
136,292
6,958
15,575
612,103
462,798
158,707
1,844,474
4,479
1,744,762
95,233
157,285
2,002,797
1,631,483
550,987
Legal and professional services
952,198
12,673
894,289
45,235
337,904
1,708,780
1,429,127
407,813
Meals deducted
883,521
8,857
861,647
13,016
115,699
1,465,165
571,294
81,355
Mortgage interest
128,770
* 1,328
124,812
2,631
30,148
271,564
171,481
23,428
Other interest paid on business indebtedness
403,749
6,894
366,953
29,902
26,687
403,619
309,893
51,292
440,729
Insurance
Office expenses
1,238,039
10,636
1,171,410
55,994
420,170
2,320,903
1,906,624
Pension and profit-sharing plans
36,070
* 1,079
33,762
1,230
4,441
364,991
355,784
162,134
Rent paid on machinery and equipment
874,646
4,151
859,952
10,544
100,009
644,631
492,603
104,968
Rent paid on other business property
1,233,980
34,604
1,134,793
64,582
835,379
5,602,190
4,400,613
947,810
Repairs
1,739,800
5,154
1,641,944
92,703
190,295
1,230,071
813,046
150,008
Supplies
4,904,464
5,953
4,826,795
71,716
710,723
5,375,195
3,968,393
959,616
Salaries and wages
8,332,297
73,460
7,932,162
326,675
901,335
18,543,629
14,146,750
3,739,475
Taxes paid
431,260
1,335,160
6,213
1,259,059
69,888
163,341
2,324,705
1,786,950
Travel
931,147
14,336
896,028
20,782
283,758
1,143,794
868,225
201,503
Utilities
2,473,820
13,199
2,420,140
40,481
622,529
3,054,346
1,964,190
325,697
Other business expenses
7,507,328
120,185
7,060,913
326,230
1,852,302
14,520,825
11,214,098
3,922,003
694,127
1,447
685,503
7,177
373,163
1,523,350
642,847
77,381
26,450,619
97,361
26,005,000
348,258
4,520,775
47,696,859
38,024,946
13,295,837
Net income [1]
34,158,935
236,175
33,348,319
574,441
6,422,905
53,283,842
42,087,899
13,845,401
Deficit
7,708,316
138,814
7,343,319
226,183
1,902,131
5,586,983
4,062,953
549,564
5,438,347
102,932
5,225,979
109,436
1,282,051
6,136,255
4,658,380
1,104,283
Home office business deductions, total
Net income less deficit [1]
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
31
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Health care and social assistance
Ambulatory health care services
Net income status, item
Offices of
physicians,
mental
health
specialists
Offices
of
dentists
Offices
of
chiropractors
Offices
of
optometrists
Offices of
mental health
practitioners
and social
therapists
Offices
of
podiatrists
Outpatient
care centers and
other
miscellaneous
health
practitioners
(124)
(125)
(126)
(127)
(128)
(129)
(130)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
48,887
60,440
27,146
10,312
262,776
4,553
227,333
5,670,622
20,051,278
3,351,802
3,534,352
13,946,163
1,147,264
9,398,848
Income from sales and operations
5,928,885
19,726,322
3,269,006
3,510,600
13,677,379
1,173,242
9,269,981
Other business income (loss)
-258,264
324,956
82,796
23,751
268,783
-25,978
128,867
Business deductions, total [1]
2,329,497
14,443,262
2,197,376
2,870,066
6,754,589
692,441
6,107,364
Cost of sales and operations, total
69,648
1,161,306
91,161
865,576
144,748
54,154
584,318
Inventory, beginning of year
* 6,658
** 2,662
**
113,165
20,061
0
58,390
**
** 235,552
**
* 13,705
26,247
* 5,630
50,939
306,198
Business receipts, total [1]
Cost of labor
**
168,663
15,880
745,913
72,560
* 9,212
Materials and supplies
Purchases
* 2,063
328,414
17,796
75,325
17,689
* 38,515
99,400
Other costs
44,162
439,728
46,452
35,807
37,851
* 796
135,999
Inventory, end of year
* 4,500
** 2,682
**
118,339
29,660
0
66,609
Advertising expenses
40,913
249,787
65,550
38,846
119,664
11,547
132,478
419,957
Car and truck expenses
66,118
124,955
53,782
32,079
512,808
8,504
Commissions
6,100
66,164
* 840
18,118
3,628
* 3,911
154,036
Contract labor
175,142
399,592
135,788
56,152
590,737
9,142
231,910
Depletion
Depreciation
**
0
0
0
* 254
0
* 1,349
85,034
663,706
83,051
109,132
277,614
6,812
299,615
Employee benefit programs
26,259
122,601
6,434
36,004
39,383
7,901
18,240
Insurance
125,103
271,340
72,500
30,273
128,375
40,972
177,483
Legal and professional services
106,844
239,051
43,952
26,262
226,787
14,935
158,527
Meals deducted
35,507
64,866
20,806
7,216
114,741
1,287
84,056
Mortgage interest
28,757
57,378
* 15,271
4,185
11,418
0
6,876
Other interest paid on business indebtedness
13,217
118,350
17,117
16,336
18,433
3,730
44,491
Office expenses
174,831
145,867
369,030
135,161
54,474
301,253
17,374
Pension and profit-sharing plans
9,248
123,988
5,044
4,243
19,813
6,790
12,597
Rent paid on machinery and equipment
30,021
90,146
11,533
18,730
62,381
2,810
40,543
509,495
Rent paid on other business property
263,997
895,809
334,931
231,476
763,134
67,579
Repairs
35,072
223,064
42,414
22,629
58,359
6,727
69,864
Supplies
55,744
1,139,012
226,200
32,073
320,216
52,932
474,566
Salaries and wages
320,273
4,651,975
384,446
786,430
872,231
203,330
764,760
Taxes paid
92,867
518,538
56,937
89,449
171,302
34,577
120,369
Travel
40,096
66,112
19,209
8,734
135,820
1,802
146,749
Utilities
91,395
294,708
107,627
55,494
360,315
26,909
232,600
Other business expenses
408,090
2,520,251
257,493
324,577
1,218,801
107,164
1,147,605
Home office business deductions, total
55,666
11,535
10,130
* 1,578
274,706
* 1,550
100,049
3,341,127
5,621,589
1,154,426
677,352
7,193,039
454,823
3,291,690
3,392,932
5,828,670
1,255,342
743,658
7,617,779
458,397
3,918,299
51,805
207,080
100,916
66,307
424,740
* 3,574
626,609
358,433
524,937
147,593
87,542
1,253,867
40,194
564,751
Net income less deficit [1]
Net income [1]
Deficit
Qualified business deduction
Footnotes at end of table.
Statistics of Income Bulletin
32
Summer 2024
Sole Proprietorship Returns, Tax Year 2021
Table 2. Nonfarm Sole Proprietorships: Income Statements, by Industrial Sectors, Tax Year 2021—Continued
[All figures are estimates based on samples—money amounts are in thousands of dollars]
Health care and social assistance—continued
Ambulatory health care services—continued
Net income status, item
Medical and
diagnostic
laboratories
Home
health care
services
Other ambulatory
health care
services (including
ambulance
services,
blood, organ
banks)
(131)
(132)
(133)
Hospitals
Nursing and
residential
care facilities
Social
assistance
(134)
(135)
(136)
BUSINESSES WITH AND WITHOUT NET INCOME
Number of returns
Business receipts, total [1]
Income from sales and operations
26,323
403,454
55,022
5,032
113,948
756,595
1,467,659
10,420,544
1,680,733
1,580,195
7,392,872
20,425,741
19,947,388
1,471,383
10,189,434
1,654,041
1,525,009
7,271,806
Other business income (loss)
-3,724
231,109
26,692
55,186
121,066
478,353
Business deductions, total [1]
1,085,916
8,253,384
1,235,765
1,304,955
6,180,759
12,274,544
434,009
Cost of sales and operations, total
177,027
292,450
234,723
18,584
304,832
Inventory, beginning of year
* 1,179
* 16,390
* 10,028
2,725
7,094
35,131
Cost of labor
* 12,542
96,423
* 16,053
0
86,507
138,742
110,740
Purchases
27,645
124,174
50,285
20,749
31,676
Materials and supplies
74,755
40,741
14,080
**
** 41,961
70,191
Other costs
61,850
37,360
151,478
**
** 145,713
119,636
* 944
* 22,637
* 7,201
4,993
8,015
40,431
Advertisi
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