IRS Statistics
courtesy of IRS
S corporations continue to be the most
prevalent type of corporation filing Form 1120, U.S. Tax Return for
a Corporation.
- For Tax Year 2002, about 59.8 percent of all corporations filed
a Form 1120S.
- The total number of returns filed by S corporations for Tax Year
2002 increased 5.6 percent to nearly 3.2 million, from nearly 3.0
million reported in Tax Year 2001.
- S corporations became the most common corporate
entity type in 1997.
- Since then, S corporation return filings have
increased by 702 thousand returns.
http://www.irs.gov/taxstats/bustaxstats/article/0,,id=96405,00.html
Partnerships with Rental Real Estate Income (including LLCs reporting
as partnerships)
- Number of partnerships 2,242,169
- Number of partners 14,328,108
- Total assets 8,866,560,101,000
- (nearly $9 trillion in real estate assets)
- Total income $2,582,060,669,000
- (The assets produce over 29% income... most of which is eaten up
by expenses, of course.)
- Total deductions 2,455,848,170,000
- Net income (less deficit) from trade or business 126,212,499,000
- And it all yields about a 1.5% profit.
For more fun interpreting statistics http://www.irs.gov/pub/irs-soi/02pa01ap.xls
