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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]  
Computation of Effective Income Tax Rate and Changes in Components of Income Tax
AB Holding’s income tax is computed by multiplying certain AB qualifying revenues (primarily U.S. investment advisory fees and brokerage commissions) by AB Holding’s ownership interest in AB, multiplied by the 3.5% tax rate. AB Holding Units in AB’s consolidated rabbi trust are not treated as outstanding for purposes of calculating AB Holding’s ownership interest in AB.

 
Three Months Ended
September 30,
 
 
 
Nine Months Ended
September 30,
 
 
 
2015
 
2014
 
% Change
 
2015
 
2014
 
% Change
 
(in thousands)
 
 
 
(in thousands)
 
 
Net income attributable to AB Unitholders
$
134,976

 
$
139,798

 
(3.4
)%
 
$
425,539

 
$
392,958

 
8.3
%
Multiplied by: weighted average equity ownership interest
36.3
%
 
35.7
%
 
 
 
36.4
%
 
35.6
%
 
 
Equity in net income attributable to AB Unitholders
$
48,988

 
$
49,876

 
(1.8
)
 
$
155,013

 
$
139,714

 
11.0

 
 
 
 
 
 
 
 
 
 
 
 
AB qualifying revenues
$
572,391

 
$
548,319

 
4.4

 
$
1,682,390

 
$
1,581,456

 
6.4

Multiplied by: weighted average equity ownership interest for calculating tax
30.8
%
 
29.4
%
 
 
 
30.9
%
 
29.4
%
 
 
Multiplied by: federal tax
3.5
%
 
3.5
%
 
 
 
3.5
%
 
3.5
%
 
 
Federal income taxes
6,167

 
5,642

 
 
 
18,171

 
16,267

 
 
State income taxes
134

 
100

 
 
 
346

 
300

 
 
Total income taxes
$
6,301

 
$
5,742

 
9.7

 
$
18,517

 
$
16,567

 
11.8

 
 
 
 
 
 
 
 
 
 
 
 
Effective tax rate
12.9
%
 
11.5
%
 
 
 
11.9
%
 
11.9
%