Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Reconciliation Net Income Attributable to Estimated Taxable Income (Loss)

The following table reconciles net (loss) income attributable to Paramount Group, Inc. to estimated taxable income (loss) for the years ended December 31, 2016 and 2015 and for the period from November 24, 2014 to December 31, 2014.

							Period from
	For the Year Ended December 31,						November 24, 2014
(Amounts in thousands)	2016			2015			to December 31, 2014
Net (loss) income attributable to Paramount Group, Inc.	$	(9,934	)	$	(4,419	)	$	57,308
Book to tax differences:
Straight-line and prepaid rents		(29,024	)		(36,131	)		6,927
Depreciation and amortization		95,489			104,399			11,691
Stock-based compensation		9,673			5,794			57,740
Gain on consolidation of unconsolidated joint venture		-			-			(192,891	)
Swap breakage costs		(25,367	)		(27,147	)		(11,316	)
Unrealized gain on interest rate swaps		(4,651	)		(29,586	)		(6,832	)
Earnings of unconsolidated joint ventures, including real estate investments		(3,513	)		(12,909	)		(5,347	)
Other, net		(9,561	)		7,356			20,832
Estimated taxable income (loss) (unaudited)	$	23,112		$	7,357		$	(61,888	)

Predecessor [Member]

Schedule of Income Tax Position

The following table summarizes our Predecessor’s tax position.

	Period from
	January 1, 2014
(Amounts in thousands)	to November 23, 2014
Income before income taxes	$	127,859
Total provision for income taxes		18,461
Effective income tax rate		14.4	%

Summary of Tax Rate Reconciliation

The following table reconciles our Predecessor’s provision for income taxes to the U.S. federal statutory tax rate.

	Period from
	January 1, 2014
	to November 23, 2014
Statutory U.S. federal income tax rate	35.0%
Income passed through to common unitholders and noncontrolling interests⁽¹⁾	(24.1%)
State and local income taxes	5.5%
Other	(2.0%)
Effective income tax rate ⁽²⁾	14.4%

⁽¹⁾

Included income that was not taxable to the Predecessor. Such income was directly taxable to the Predecessor’s unitholders and the noncontrolling interests.

⁽²⁾

The effective tax rate was calculated on income before income taxes.