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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes Our provision for income taxes consists of the following (in thousands):
Year Ended December 31,
202120202019
Current:
State and local
$(120)$(248)$(284)
Deferred:
State and local
— — (1,000)
Income tax expense$(120)$(248)$(1,284)
Schedule of Reconciliation of Effective Tax Rate and the U.S. Federal Statutory Income Tax Rate A reconciliation of our effective tax rate and the U.S. Federal statutory income tax rate is as follows:
 Year Ended December 31,
 202120202019
Taxes at statutory U.S. federal income tax rate21.00 %21.00 %21.00 %
Dividends paid deduction and net operating loss utilization(21.00)%(21.00)%(21.00)%
Federal taxes on built-in gain— %— %— %
State and local income taxes(0.74)%0.05 %0.26 %
Effective tax rate(0.74)%0.05 %0.26 %