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					Table 23. U.S. Corporations (Excluding
F, S, RIC, and REIT) With Assets of
$250,000 and Less Than $1 Million
Dollar amounts in millions. Table values may not add and may

differ from SOI Publication 16 values due to rounding.



                             Summary                           1990             1991             1992             1993             1994             1995
Returns [N1]                                                          407,108          398,383          392,456          394,269          414,613          417,345
Total assets                                                          203,741          199,515          195,871          196,434          206,972          209,388
Total receipts                                                        506,143          481,848          463,958          468,237          516,489          533,279
Pretax book income                                                      1,710              -10             522             2,675            4,407            3,853
Tax net income                                                          2,455            1,131            1,780            3,508            4,271            4,264
Book-tax difference                                                      -744           -1,142           -1,258             -833             137              -410
M-1 explains                                                           -1,322           -1,067           -1,121             -817              72              -392
Estimated ICD adj                                                        321                2                8                8                7               24
Tabulated ICD adj                                                          0                0                0                0                0                0
Tax net income > 0                                                     12,056           11,034           10,827           11,644           12,901           13,033
NOL deduction                                                           2,746            2,473            2,498            2,802            3,212            3,081
Special deductions                                                       133              122              120              130              138              149
Taxable income                                                          9,189            8,448            8,226            8,725            9,567            9,825
Tax before credits                                                      1,946            1,767            1,712            1,847            2,074            2,115
Foreign tax credit                                                         4                6                7                1                7                2
Tax after credits                                                       1,885            1,711            1,659            1,783            2,010            2,052
Pretax book income >0                                                  11,992           11,073           11,015           11,696           13,786           13,559
Book-tax difference>0                                                   1,839            1,833            1,938            1,755            2,970            2,505
M-1 explains > 0                                                        1,530            1,757            1,767            1,664            2,858            2,428
Depreciation explains                                                      0               44               19              136              173              270
Stock options explains                                                     0                0                0                0                0                0
                      Schedule M-1 Detail
[+L1 ] Book net income                                                    28            -1,490             -938            1,040            2,645            2,052
[+L2 ] Book federal tax                                                 1,682            1,480            1,459            1,635            1,762            1,802
[ = ] Pretax book income                                                1,710              -10             522             2,675            4,407            3,853
[+L7 ] Income for book                                                     0             2,290            2,312            2,039            3,067            2,547
[+L8 ] Deduction for tax                                                   0             1,940            2,423            1,797            1,945            2,187
[-L3 ] Capital loss limit                                                  0              -128             -767             -261             -148             -126
[-L4 ] Income for tax                                                      0            -1,425           -1,379           -1,051             -905           -1,266
[-L5 ] Expense for book                                                    0            -3,744           -3,709           -3,342           -3,887           -3,733
[ = ] M-1 explains                          -1,322   -1,067   -1,121     -817      72      -392
[+L8a] Depreciation for tax                     0      491      445      523      612      656
[-L5a] Depreciation for book                    0      -447     -426     -387     -439     -385
[ = ] Depreciation explains                     0       44       19      136      173      270
[+L7a] Tax-exempt interest                     63       47       41       56       54       61
[+L8c] Stock options                            0        0        0        0        0        0
[-L5c] Travel-entertainment                     0      -233     -225     -221     -539     -560
[-L3 ] Capital loss limit                       0      -128     -767     -261     -148     -126
M-1 detail explains [5 above]                  63      -270     -932     -290     -460     -355
M-1 other explains [balance]                -1,385     -797     -189     -527     532       -37
                  Pretax Book Income Only
Returns [N2]                                68,915   95,061   93,185   89,546   93,262   93,842
Assets                                      31,786   45,276   44,410   42,903   44,684   45,358
Receipts                                    50,648   77,710   71,127   70,555   71,700   72,309
Pretax book income                            -708     135      378      744      693      623
Net-Income                                    -753     167      548      767      676      625
BTD                                            46       -32     -170      -23      17        -1
Tax After Credits                             117      334      295      336      317      297
                    No Pretax Book Income
Returns [N3]                                 4,091    4,282    4,081    4,562    4,586    3,996
Assets                                       2,019    1,962    1,832    2,218    2,142    1,949
Receipts                                     4,414    2,845    2,153    2,769    3,611    5,517
Net-Income                                    -113      23       26       15        -9      17
BTD                                           113       -23      -26      -15       9       -17
Tax After Credits                               4        9        7        9        6       12
Source: 2005 Special Studies in Federal

Statistics. (October 2006)
1996             1997             1998             1999             2000             2001             2002             2003
       422,028          419,090          418,761          414,701          409,433          401,961          386,806          373,083
       211,219          209,395          209,238          206,758          205,056          202,177          193,852          187,829
       534,464          528,099          526,002          525,254          522,306          518,170          499,676          488,815
         3,231            2,739            2,173            1,475           -3,541           -4,532           -4,694           -4,405
         3,833            3,468            3,397            1,742           -1,762           -3,008           -4,627           -3,787
          -602             -729           -1,224             -267           -1,779           -1,523              -67             -618
          -624             -710           -1,278             -372           -1,936           -1,627              -57             -696
            3                0                6               22                1               10               36               24
            0                0                0               24                1                9               36               17
        13,335           13,641           13,765           13,480           12,681           11,469           10,656            9,534
         3,066            3,370            3,382            3,394            3,180            3,319            3,353            3,172
          163              168              152              177              171              168              129              120
        10,124           10,125           10,256            9,951            9,370            8,026            7,213            6,275
         2,231            2,257            2,237            2,189            2,056            1,721            1,511            1,352
            4                9                2                2                1                3               13                9
         2,177            2,201            2,186            2,147            2,020            1,681            1,469            1,314
        13,518           13,788           13,904           14,084           12,775           11,486           11,220           10,467
         2,440            2,515            2,527            3,093            2,419            2,415            3,705            3,201
         2,326            2,398            2,428            2,835            2,122            2,259            3,624            3,051
          247              158              230              121               99              102              234              316
            0                0                0                0                0                0                0                0


         1,352             745              294              -361           -5,337           -6,039           -5,950           -5,494
         1,879            1,994            1,880            1,836            1,796            1,507            1,256            1,089
         3,231            2,739            2,173            1,475           -3,541           -4,532           -4,694           -4,405
         2,578            2,291            2,286            2,463            2,080            2,726            3,239            3,306
         2,016            2,417            2,326            2,492            2,220            1,957            3,589            2,675
          -221             -138             -461             -288             -579             -335             -406             -280
        -1,138           -1,272           -1,160           -1,235           -1,159           -1,352           -1,223           -1,152
        -3,859           -4,008           -4,270           -3,804           -4,498           -4,622           -5,257           -5,244
  -624     -710   -1,278     -372   -1,936   -1,627      -57     -696
  691      692      685      593      580      663      741      977
  -443     -534     -455     -471     -481     -561     -508     -661
  247      158      230      121       99      102      234      316
   48       47       43       58       63       59       48       47
    0        0        0        0        0        0        0        0
  -576     -547     -566     -562     -566     -575     -587     -500
  -221     -138     -461     -288     -579     -335     -406     -280
  -502     -481     -754     -671     -983     -749     -711     -418
  -123     -229     -524     299      -952     -877     653      -277


97,527   98,240   99,159   94,750   98,354   97,668   93,621   87,698
46,539   47,091   46,666   44,547   46,369   46,355   43,541   42,392
76,501   73,985   70,983   71,773   75,485   75,627   68,307   71,286
  893     1,048    1,024     481      245      145       48       70
  897     1,109    1,017     459      269      142       41       78
    -4      -61       7       23       -24       3        7        -8
  340      392      372      275      358      279      279      245


 3,506    4,270    3,968    3,740    5,291    4,238    3,266    4,397
 1,710    2,013    2,008    2,056    2,370    2,096    1,660    1,979
 7,694    7,669    6,797    6,588    6,826    3,434    2,734    4,988
   -20      -29      -13      -13      -66     -131       8       -80
   20       29       13       13       66      131        -8      80
   14       10        5        7       15        6        8        4

				
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