National Income and Product Accounts Table

Table 7.16. Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue Service
[Billions of dollars]
Today is: 5/7/2009   Last Revised on August 06, 2008  
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Line      2006       2007   
1Total receipts less total deductions,
    IRS
---  ---  
2Plus: Adjustment for misreporting on
    income tax returns
---  ---  
3         Posttabulation amendments and
             revisions 1
---  ---  
4         Income of organizations not
             filing corporation income tax
             returns
---  ---  
5            Federal Reserve banks---  ---  
6            Federally sponsored credit
                agencies 2
---  ---  
7            Other 3 ---  ---  
8         Depletion on domestic minerals---  ---  
9         Adjustment to depreciate
             expenditures for mining exploration, shafts,
             and wells
---  ---  
10         State and local taxes on
             corporate income
---  ---  
11         Interest payments of
             regulated investment companies
---  ---  
12         Bad debt expense---  ---  
  Less: Tax-return measures of:
13            Gains, net of losses, from
                sale of property
---  ---  
14            Dividends received from
                domestic corporations
---  ---  
15            Income on equities in
                foreign corporations and branches (to U.S.
                corporations)
---  ---  
16         Costs of trading or issuing
             corporate securities 4
---  ---  
17Plus: Income received from equities in
    foreign corporations and branches by
    all U.S. residents, net of corresponding payments
---  ---  
18Equals: Profits before taxes, NIPAs1,873.71,886.3
19Federal income and excess profits
    taxes, IRS
---  ---  
20Plus: Posttabulation amendments and
    revisions, including results of audit and
    renegotiation and carryback refunds
---  ---  
21         Amounts paid to U.S. Treasury
             by Federal Reserve banks
---  ---  
22         State and local taxes on
             corporate income
---  ---  
23         Taxes paid by domestic
             corporations to foreign governments on income
             earned abroad
---  ---  
24Less: U.S. tax credits claimed for
    foreign taxes paid
---  ---  
25         Investment tax credit 5 ---  ---  
26         Other tax credits 5 ---  ---  
27Equals: Taxes on corporate income, NIPAs468.9450.4
28Profits after tax, NIPAs (18-27)1,404.81,435.9
29Dividends paid in cash or assets, IRS---  ---  
30Plus: Posttabulation amendments and
    revisions 6
---  ---  
31         Dividends paid by Federal
             Reserve banks and certain federally
             sponsored credit agencies 2
---  ---  
32         U.S. receipts of dividends
             from abroad, net of payments to
             abroad
---  ---  
33         Earnings remitted to foreign
             residents from their unincorporated U.S.
             affiliates
---  ---  
34         Interest payments of
             regulated investment companies
---  ---  
35Less: Dividends received by U.S.
    corporations
---  ---  
36         Earnings of U.S. residents
             remitted by their unincorporated foreign
             affiliates
---  ---  
37Equals: Net corporate dividend
    payments, NIPAs
702.1788.7
       Footnotes

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