The Bulletin contains an in-depth look at profits for nonfarm sole proprietorships for Tax Year 2000, which grew 3.3 percent to $214.7 billion. In constant dollars, total nonfarm sole proprietorship profits increased 2.4 percent. The real estate and rental leasing sector reported the largest growth at 12.4 percent. However, the professional, scientific and technical services sector had the largest profits of any sector at $48.1 billion, or 22.4 percent of total sole proprietorship profits. The finance and insurance sector showed the largest percentage increase in both receipts and deductions, reporting a 19.4 percent increase in receipts and a 24 percent increase in deductions.

In addition, the Bulletin contains articles on corporate pre-tax profits, net capital gains for individuals, foreign-controlled domestic corporations, U.S. estate tax returns, and charitable remainder annuity trusts.

The Bulletin also shows U.S.-source income paid to foreign persons, and includes historical data on income, deductions and tax reported on returns filed by individuals, corporations, and unincorporated businesses, with selected data presented for estates. Statistics are also presented on tax collections, including excise taxes by type, and refunds for recent years.

The Summer 2002 Statistics of Income Bulletin will be available soon on the IRS Web site. Click on "Tax Stats" in the upper left-hand corner. From the Tax Stats page, select "SOI Bulletins" under "Statistical Publications."

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