atements (('ontinued) A reconciliation of the federal statutory, rate to our effective rate is as follows: Ihcember 31, 2012 for the Iran tIldtd IkltIllbfr 31. 2013 December 31, 2014 Federal statutory• income tax rate 35.fP/o 35.0% 35.0% State income taxes, net of federal income tax benefit 4.