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Taxes (Tables)
3 Months Ended
Mar. 31, 2019
Income Tax Disclosure [Abstract]  
Reconciliation of Statutory Tax Rate to Effective Tax Rate
The following is a reconciliation of the statutory federal and state tax rates to our effective tax rate at March 31, 2019 and 2018.
Table 22.1 – Reconciliation of Statutory Tax Rate to Effective Tax Rate
 
 
March 31, 2019
 
March 31, 2018
Federal statutory rate
 
21.0
 %
 
21.0
 %
State statutory rate, net of Federal tax effect
 
8.6
 %
 
8.6
 %
Differences in taxable (loss) income from GAAP income
 
(8.5
)%
 
(4.1
)%
Change in valuation allowance
 
(4.1
)%
 
(3.9
)%
Dividends paid deduction
 
(15.4
)%
 
(12.1
)%
Effective Tax Rate
 
1.6
 %
 
9.5
 %