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13) Income Taxes
9 Months Ended
Sep. 30, 2020
Disclosure Text Block [Abstract]  
13) Income Taxes

13) Income Taxes

 

The Company’s overall effective tax rate for the three months ended September 30, 2020and 2019 was 24.0% and 24.0%, respectively, which resulted in a provision for income taxes of $9,279,162 and $1,142,408, respectively. The Company’s overall effective tax rate for the nine months ended September 30, 2020 and 2019 was 23.7% and 23.6%, respectively, which resulted in a provision for income taxes of $15,965,656 and $2,788,038, respectively. The Company's effective tax rates differ from the U.S. federal statutory rate of 21% partially due to its provision for state income taxes.  The effective tax rate increased when compared to the prior year period partly due theCompany’s provision for state income taxes.