Compensation to employees includes employee wages and salaries as well as supplements to wages and salaries such as employer contributions for social insurance and other labor income (i.e., employer contributions to private pension and profit-sharing plans). Indirect business tax and non-tax liabilities mainly include the sum of state and local non-personal property taxes, licenses, non-tax liabilities, and sales and gross receipt taxes. Federal non-tax liabilities and excise taxes on goods and services are also included.
Property-type income on the proprietor's side comprises income of unincorporated establishments, rental income of persons, proprietors inventory valuation adjustment, and non-corporate capital consumption allowance (CCA). On the corporate side, property-type income includes corporate profits before taxes, net interest, corporate inventory valuation adjustment, corporate CCA, business transfer payments, and subsidies. In short, the distributions by industry of the components of gross domestic income are the sums of costs incurred (such as compensation of employees, net interest and indirect business taxes) and the profits earned in production.
Contents |
Labor Market Information |
Economic Analysis Division