Taxes (Tables)

9 Months Ended

Sep. 30, 2013

Reconciliation of Statutory Tax Rate to Effective Tax Rate

The following is a reconciliation of the statutory federal and state tax rates to our projected annual effective rate at September 30, 2013 and 2012.

Reconciliation of Statutory Tax Rate to Effective Tax Rate

	September 30,
	2013		2012
Federal statutory rate		34.0  %		34.0  %
State statutory rate, net of Federal tax effect		7.2  %		7.2  %
Differences in taxable loss from GAAP income		(20.6) %		(20.4) %
Dividends paid deduction		(14.8) %		(19.6) %
Effective Tax Rate		5.8  %		1.2  %