Sole Proprietorship Return Preliminary Statistics, 1990 Data Release T here were 14.8 million individual income tax returns reporting nonfarm sole proprietorship activity for 1990, an increase of 3.4 percent over the 1989 figure of 14.3 million returns. While there was a large variation from industry to industry in the amount and direction of change in number of sole proprietorships --from a decrease of 14.7 percent in mining (132,000 for 1990 compared to 155,000 for 1989) to an increase of 21.6 percent in wholesale trade (400,000 for 1990 compared to 329,000 for 1989)--the overall increase and the change in number of returns among industries are in line with the annual frequency fluctuations in the Statis- tics of Income sole proprietorship series for the past decade. Also for 1990, overall income statement items, includ- ing business receipts, deductions, and net income (less deficit), showed an increase over 1989. The respective increases were 5.6 percent ($730.6 billion for 1990 This data release was written by Kenneth Rice, a statistician, and Craig Ammon, an economist, both with the Individual Returns Analysis Section, under the direction of Jeffrey A. Hartzok, Chief. compared to $691.7 billion for 1989), 5.2 percent ($589.2 billion for 1990 compared to $560.2 billion for 1989) and 6.5 percent ($141.4 billion for 1990 compared to $132.7 billion for 1989) for business receipts, deductions, and net income (less deficit). Table I presents business receipts, selected deductions, payroll and net income, by industry group for nonfarm sole proprietorships for 1990. Separate data are included for returns with net business income. Table 2 summarizes detailed income statements for selected industry groups. As in Table 1, separate data are included for returns with net business income. Any revisions to these preliminary estimates, as well as a more extensive data analysis of 1990 nonfarm sole proprietorships, will be included in an upcoming article, "Sole Proprietorship Returns, 1990" by Craig Ammon, which is scheduled for the Fall 1992 issue of the Statistics of Income Bulletin. 105
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Sole Proprietorship Return PreliminaryStatistics, 1990Data Release
T
here were 14.8 million individual income taxreturns reporting nonfarm sole proprietorshipactivity for 1990, an increase of 3.4 percent over
the 1989 figure of 14.3 million returns. While there was alarge variation from industry to industry in the amountand direction ofchange in number of sole proprietorships--from a decrease of 14.7 percent in mining (132,000 for1990 compared to 155,000 for 1989) to an increase of21.6 percent in wholesale trade (400,000 for 1990compared to 329,000 for 1989)--the overall increase andthe change in number of returns among industries are inline with the annual frequency fluctuations in the Statis-tics of Income sole proprietorship series for the pastdecade.
Also for 1990, overall income statement items, includ-ing business receipts, deductions, and net income (lessdeficit), showed an increase over 1989. The respectiveincreases were 5.6 percent ($730.6 billion for 1990
This data release was written by Kenneth Rice, a statistician, andCraig Ammon, an economist, both with the Individual ReturnsAnalysis Section, under the direction ofJeffrey A. Hartzok, Chief.
compared to $691.7 billion for 1989), 5.2 percent ($589.2billion for 1990 compared to $560.2 billion for 1989) and6.5 percent ($141.4 billion for 1990 compared to $132.7billion for 1989) for business receipts, deductions, and netincome (less deficit).
Table I presents business receipts, selected deductions,payroll and net income, by industry group for nonfarmsole proprietorships for 1990. Separate data are includedfor returns with net business income. Table 2 summarizesdetailed income statements for selected industry groups.As in Table 1, separate data are included for returns withnet business income. Any revisions to these preliminaryestimates, as well as a more extensive data analysis of1990 nonfarm sole proprietorships, will be included in anupcoming article, "Sole Proprietorship Returns, 1990" byCraig Ammon, which is scheduled for the Fall 1992 issueof the Statistics of Income Bulletin.
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Table 2.--Nonfarm Sole Proprietorships: Income Statements, by Selected Industrial GroupsJAII ligwes are estimates based on aamples - money amounts are in trO-rda of dollarS]
a-
BUSINESSES WTrH ANDWn'HOUT NET INCOME
Wals a.0 antena-M dotxted ...............Total mea is ano entertainmeim
Rent on tb~ihoa property....Net salaries and ~raqo-... ...............
BUSINESSES WTTH NET INCOME
Total meals and entertainment .,V.m;o ..............Mortgage inbefeW. ................................. ...........Other interest on buttineo Indebtedness................Office ex nws ................................................................Pan- = p,.M-",N plehe................. ..................
Table 2.--Nonfarm Sole Proprietorships: Income Statements, by Selected Industrial Groups--Continued(All figures are estimates based on samples - money amounts are in thousands of dollars)
am
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HDIelsan0olherlodgin places Personal services Business services
Coin' Other JanitorialHotels, Other operated cleaning, Photographic Other Advertising. All other
Total motel and lodging Total laundries Including Portrait Beauty Shops Barber shops Personal Total except related businessourls=rts sarAces and dry laundry, dry studios services direct -it atirvices to aervioes
cleaning cleaning, etc. building,
(71) (72) (73) (74)__ (75) (76) (77) (78) (79) _(80) (82) (83) (04)BUSINESSE WITH AND
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Number of 50.1" 22,236 27,910 1,095,248 21,605 64,716 56,524 306,835 56,355 5113,213 1.1111"A" 76A" 354,976 1,413,794eluallneas
4.476 484Net Income I .................. ......................................... .. ..... 247,059 170'"s -76.065 , 6,83S.321 150,341 1,063,731 333.S43 I 1,764,6Sl 1 5",929 1 2,933.126 1 15,W,929 1 894,575 1 1,752.890 1
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JAR figures am estimates based on samples -- money amounts we in thousands Of dollars]
Itern
BUSINESSES WITH ANDWITHOUT NET INCOME
BUSINESSES WrTH NET INCOMEbar ofWas recrelpts,ornii from miss and operations.... ....................... ..............ier business income.. ................. - ...................................
wm deductions, totalst of sales and operations. ............................ .......................................
Legal and pfolessional senrices. ................................Wals nd entertainment deducted ............................
Total meals and eftertainment expenses ............
Total JeOucli~ are before subtraction of nonallowable passw losses and arry passive loss carry- from the prior year. However, these losses and any carryoeir am reflected In net Income or deficit Therefore. business recelpts minus total deductions my not always equal net Ircorme of deficit.Lon than $500.Estimate should be used with mution, because of the small number of -ple returns on which h is based.
NOTE: Detail may not add to totals because of rounding,