Southwest Airlines 2015 Annual Report Download - page 130
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The effective tax rate on income before income taxes differed from the federal income tax statutory
rate for the following reasons:
(in millions) 2015 2014 2013
Tax at statutory U.S. tax rates $ 1,218 $ 636 $ 423
Nondeductible items 15 9 10
State income taxes, net of federal benefit 66 37 25
Other, net (1) (2) (3)
Total income tax provision $ 1,298 $ 680 $ 455
The only periods subject to examination for the Company’s federal tax return are the 2014 and 2015
tax years.
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