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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Difference Between AB Holding's Effective Tax Rates and the UBT Statutory Tax Rate
The principal reasons for the difference between AB Holding’s effective tax rates and the UBT statutory tax rate of 4.0% are as follows:
Years Ended December 31
202120202019
(in thousands)
UBT statutory rate$16,653 4.0 %$12,336 4.0 %$10,652 4.0 %
Federal tax on partnership gross business income29,643 7.1 28,522 9.2 27,197 10.2 
State income taxes840 0.2 502 0.2 532 0.2 
Credit for UBT paid by AB(16,653)(4.0)(12,336)(4.0)(10,652)(4.0)
Income tax expense and effective tax rate$30,483 7.3 $29,024 9.4 $27,729 10.4 
Computation of Effective Income Tax Rate and Changes in Components of Income Tax AB Holding Units in AB’s consolidated rabbi trust are not considered outstanding for purposes of calculating AB Holding’s ownership interest in AB.
Years Ended December 31% Change
2021202020192021-202020-19
(in thousands)
Net income attributable to AB Unitholders$1,148,623 $865,952 $752,042 32.6 %15.1 %
Multiplied by: weighted average equity ownership interest36.2 %35.6 %35.4 %
Equity in net income attributable to AB Unitholders$416,326 $308,404 $266,292 35.0 15.8 
AB qualifying revenues$2,779,281 $2,740,137 $2,640,169 1.4 2.4 
Multiplied by: weighted average equity ownership interest for calculating tax30.5 %30.1 %29.4 %
Multiplied by: federal tax3.5 %3.5 %3.5 %
Federal income taxes29,643 28,522 27,197 
State income taxes840 502 532 
Total income taxes$30,483 $29,024 $27,729 5.0 4.7