Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

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
	2023					2022					2021
	(in thousands)
UBT statutory rate		$	11,991	4.0	%		$	12,220	4.0	%		$	16,653	4.0	%
Federal tax on partnership gross business income		34,765		11.6			30,676		10.0			29,643		7.1
State income taxes		832		0.3			663		0.2			840		0.2
Credit for UBT paid by AB		(11,991)		(4.0)			(12,220)		(4.0)			(16,653)		(4.0)
Income tax expense and effective tax rate		$35,597		11.9	%		$	31,339	10.3	%		$	30,483	7.3	%

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
	2023				2022				2021				2023-22		2022-21
	(in thousands)
Net income attributable to AB Unitholders		$	764,610			$	831,813			$	1,148,623		(8.1	%)	(27.6	%)
Multiplied by: weighted average equity ownership interest		39.2		%		36.7		%		36.2		%
Equity in net income attributable to AB Unitholders		$	299,781			$	305,504			$	416,326		(1.9	%)	(26.6	%)
AB qualifying revenues		$	2,790,628			$	2,775,693			$	2,779,281		0.5		(0.1)
Multiplied by: weighted average equity ownership interest for calculating tax		35.6		%		31.6		%		30.5		%
Multiplied by: federal tax		3.5		%		3.5		%		3.5		%
Federal income taxes		34,765				30,676				29,643
State income taxes		832				663				840
Total income taxes		$	35,597			$	31,339			$	30,483		13.6	%	2.8	%