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Note 8: Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2013
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

 2013

 

 2012

 

 2011

 Computed expense at statutory rate

 

 $    3,340,067

 

 $    7,472,953

 

 $      410,225

Special deductions allowed

 

 

 

 

 

 

 small life insurance companies

 

                   -

 

                   -

 

        (503,672)

 Tax audit settlements

 

           20,371

 

                   -

 

                   -

 Other, net

 

     (1,122,632)

 

     (2,834,178)

 

           31,242

 Tax expense (benefit)

 

 $    2,237,806

 

 $    4,638,775

 

 $       (62,205)