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Income Taxes
9 Months Ended
Sep. 30, 2021
Income Taxes  
Income Taxes

Note 9.  Income Taxes

Our effective income tax rate for each of the third quarter and nine months ended September 30, 2021 was 25.5% compared to 22.6% and 22.5% in the same 2020 periods, respectively. The increases in our effective income tax rates were mainly due to significant increases in our profitability in 2021. 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.