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Taxes
 9 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
Taxes
Taxes
For the nine months ended September 30, 2017 and 2016, we recognized a provision for income taxes of $17 million and $1 million, respectively. The following is a reconciliation of the statutory federal and state tax rates to our effective tax rate at September 30, 2017 and 2016.
Table 20.1 – Reconciliation of Statutory Tax Rate to Effective Tax Rate
 
 
September 30, 2017
 
September 30, 2016
Federal statutory rate
 
34.0
 %
 
34.0
 %
State statutory rate, net of Federal tax effect
 
7.2
 %
 
7.2
 %
Differences in taxable (loss) income from GAAP income
 
(6.8
)%
 
(21.7
)%
Change in valuation allowance
 
(2.8
)%
 
6.6
 %
Dividends paid deduction
 
(18.3
)%
 
(24.9
)%
Effective Tax Rate
 
13.3
 %
 
1.2
 %

We assessed our tax positions for all open tax years (i.e., Federal, 2014 to 2017, and State, 2013 to 2017) at September 30, 2017 and December 31, 2016, and concluded that we had no uncertain tax positions that resulted in material unrecognized tax benefits.