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Income Taxes
3 Months Ended
Mar. 31, 2021
Income Taxes  
Income Taxes

Note 8.  Income Taxes

Our effective income tax rates for the first quarters of 2021 and 2020 were 25.3% and 24.3%, respectively. The increase in our effective income tax rate was mainly due to our higher income levels. The differences between our effective income tax rates and the U.S. federal statutory rate of 21.0% were mainly due to state income taxes partially offset by the effects of company-owned life insurance policies.