Button: Member Login
Image: Search
Home
Button: Retailers
Solution Providers
Industry Information
Government Relations
Press
myNRF
Retail's BIG Blog
 
Home Image: Text decoration - bullet Income Taxes Paid by Retailers

Income Taxes Paid by Retailers

Tables/Charts:
Income Taxes Paid by Retailers, 2005-2010 (Income Taxes Paid, Income Tax as a Share of Net Income)

Summary Points:

  • Retailers generally pay between 30 and 40 percent of their net income in income taxes.

  • Over 13 percent of retailers (broadly defined) are sole proprietors who make estimated tax payments. These payments flucturate widely when income flucturates widely.


Income Taxes Paid by Retailers,* 2005-2010
(NAICS Definitions, Millions of Dollars)
  Income Taxes Paid Income Tax as a Share of Net Income
2005$28,04933.0%
1st quarter6,13133.3
2nd quarter7,22934.3
3rd quarter6,40532.8
4th quarter8,28431.8
2006$31,49832.9%
1st quarter6,41329.1
2nd quarter7,77335.7
3rd quarter7,35634.5
4th quarter9,95632.7
2007$32,10533.9%
1st quarter7,46534.2
2nd quarter9,18634.2
3rd quarter6,27632.8
4th quarter9,17834.3
2008$25,12046.5%
1st quarter7,48439.9
2nd quarter7,14436.5
3rd quarter5,17238.5
4th quarter5,320233.9**
2009$27,21336.1%
1st quarter6,41446.5
2nd quarter6,79434.2
3rd quarter6,47335.9
4th quarter7,53231.6
2010 $31,552 32.0%
1st quarter 7,895 34.3
2nd quarter 8,217 33.9
3rd quarter 6,588 32.8
4th quarter 8,852
 28.3
*Retail trade corporations with assets of $50 million and over; taxes "paid" are taxes "provided for", rather than actually paid.  Tax liability may be reduced by offsets carried forward from previous years.
** Income tax as a share of net income may be greater than 100 percent due to overestimates of tax liability.
Source: Derived from U.S. Department of Commerce, Bureau of the Census data.



Retail Industry Indicators 2009 © NRF Foundation
www.nrffoundation.com
Image: Decorative spacer325 7th Street, NW Suite 1100, Washington, DC 20004 Image: Decorative spacerPH: 1-800-673-4692 or +1-202-783-7971 Image: Decorative spacerFax: 202-737-2849
Image: Decorative spacerContact Us Image: Decorative spacerEmail Image: Decorative spacerCareers@NRF

Copyright ©1997-2013 National Retail Federation
Terms & Conditions
Login