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Income Taxes
3 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes.
For the three months ended March 31, 2014, both Icahn Enterprises and Icahn Enterprises Holdings recorded an income tax expense of $103 million on pre-tax income of $180 million compared to an income tax expense of $120 million on pre-tax income of $830 million for the three months ended March 31, 2013. Our effective income tax rate was 57.2% and 14.5% for the three months ended March 31, 2014 and 2013, respectively.
For the three months ended March 31, 2014, the difference between the effective tax rate and statutory federal rate of 35% is primarily due to partnership loss not subject to taxation, as such taxes are the responsibility of the partners.  For the three months ended March 31, 2013, the difference between the effective tax rate and the statutory federal rate of 35% is primarily due to changes in valuation allowances and partnership income not subject to taxation, as such taxes are the responsibility of the partners.