Taxes and income made by insurance companies and pharmaceuticals indicate some interesting things – found

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The Corporation Source Book presents balance sheet, income statement, tax, and other selected items by size of total assets for all returns with and without net income. Statistical tables are available by industrial sectors, major groups within a sector, and minor industries within a major group. Industry detail is based on the North American Industry Classification System (NAICS). The Source Book, which underlies the Statistics of Income–Corporation Income Tax Returns publication (i.e., the Complete Report), is part of an annual series.

The listing below is shown by industrial sector. You may select: (a) the U.S. Total for aggregated data for all industries; (b) one of the sectors to access data for that sector, as well as data for the major groups and minor industries within that sector; or (c) Download all source data contained in the Excel files as one comma separated value (.CSV) file. (Information on this option can be found HERE.)

Additional information about the Corporation Source Book is also available.

Data is available for years 2000 – 2006.

U.S. Total
Agriculture, Forestry, Fishing, and Hunting
Mining
Utilities
Construction
Manufacturing
Wholesale and Retail Trade
Transportation and Warehousing
Information
Finance and Insurance
Real Estate and Rental and Leasing
Professional, Scientific, and Technical Services
Management of Companies (Holding Companies)
Administrative and Support and Waste Management and Remediation Services
Educational Services
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
Other Services
Not Allocable

Return to Tax Stats home page.

[from - ]

http://www.irs.gov/taxstats/bustaxstats/article/0,,id=149687,00.html

***

Additional information about the Corporation Source Book is also available.

Data is available for years 2000 – 2006.

U.S. Total
Agriculture, Forestry, Fishing, and Hunting
Mining
Utilities
Construction
Manufacturing
Wholesale and Retail Trade
Transportation and Warehousing
Information
Finance and Insurance
Real Estate and Rental and Leasing
Professional, Scientific, and Technical Services
Management of Companies (Holding Companies)
Administrative and Support and Waste Management and Remediation Services
Educational Services
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
Other Services

Not Allocable

Return to Tax Stats home page.

http://www.irs.gov/taxstats/bustaxstats/article/0,,id=149687,00.html

***

Petroleum Manufacturing -
Number of Returns – 2006
1,643

Total Assets -
1,926,455,738

Total Liabilities -
1,926,455,738

Total Receipts -
1,790,161,197

Total Deductions -
1,666,641,886

Net Income (less deficit) -
142,019,739

Income Subject to Tax -
140,745,907

Total Income Tax After Credits – 2006
22,003,222

Petroleum and Coal Products Mfg.

[from - ]

http://www.irs.gov/pub/irs-soi/06sb1mj324.xls

http://www.irs.gov/taxstats/article/0,,id=168246,00.html

***

Petroleum and Coal Products Mfg.

Petroleum Refineries
(Including Integrated)

Asphalt Paving, Roofing, Other
Petroleum and Coal Products

Chemical Manufacturing

Basic Chemical

***

Pharmaceutical and Medicine

Number of Returns – 2006
1,678

Total Assets -
843,075,626

Total Liabilities -
843,075,626

Total Receipts -
367,940,353

Total Deductions -
319,337,454

Net Income (less deficit) -
53,347,425

Income Subject to Tax -
53,852,668

Total Income Tax after Credits –

15,185,529

Royalties =
20,327,045

Other Receipts =
22,488,721

Dividends, foreign corporations (income into corporation) -
1,434,451

Dividends, domestic corporations (income into corporation) -
543,938

Business Receipts =
304,120,391

Interest =
10,529,436

Interest on government obligations, total =
160,889

Rents =
149,158

Net ST cap gain less net LT loss =
38,717

Net LT cap gain less net ST loss =
8,079,595

Net gain, noncapital assets =
68,011

http://www.irs.gov/pub/irs-soi/06sb1mn325410.xls

[ from - ]

http://www.irs.gov/taxstats/article/0,,id=168246,00.html

****

Table

Description

1
All Returns with and without Net Income

2
All returns with Net Income

3
1120S returns with and without Net Income

4
1120S returns with Net Income

5
1120S returns with Total 1120S Net Income

**

2006

Finance and Insurance

Credit Intermediation

Depository Credit Intermediation

Commercial Banking

Savings Institutions, Credit
Unions and Other Depository
Credit Intermediation

Nondepository Credit Intermediation

Credit Card Issuing
and Other Consumer Credit

Real Estate Credit (Including
Mortgage Bankers and
Originators)

International and Secondary
Financing and Other
Nondepository Credit
Intermediation

Activities Related to Credit
Intermediation (Including
Loan Brokers)

Securities, Commodity Contracts,
and Other Financial Investments and
Related Activities

Investment Banking and
Securities Dealing

Securities Brokerage

Commodity Contracts
Dealing and Brokerage

Securities and Commodity
Exchanges and Other
Financial Investment Activities

Insurance Carriers and Related
Activities

Life Insurance

Life Insurance, Stock
Companies (Form 1120L)

Life Insurance, Mutual
Companies (Form 1120L)

Mutual Property and Casualty
Companies (Form 1120-PC)

Stock Property and Casualty
Companies (Form 1120-PC)

Insurance Agencies and
Brokerages

Other Insurance Related Activities

Funds, Trusts and Other
Financial Vehicles

Open-End Investment Funds
(Form 1120-RIC)

Real Estate Investment
Trusts (Form 1120-REIT)

Other Financial Vehicles

http://www.irs.gov/taxstats/article/0,,id=167138,00.html

***

Finance and Insurance – 2006

1

All Returns with and without Net Income

http://www.irs.gov/pub/irs-soi/06sb1sc52.xls

http://www.irs.gov/taxstats/article/0,,id=167138,00.html

***

Number of Returns -
249,876

Total Assets – (2006)
34,749,728,196

Total Liabilities -
34,749,728,196

Total Receipts -
3,747,501,642

Total Deductions -
3,084,260,530

Net Income (less deficit) -
631,745,689

Income Subject to Tax -
222,419,048

Total Income Tax after Credits -
67,544,669

222 million dollars of taxable income out of 34.7 Billion dollars of income – hmmmm

***

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