And without the investment gains, internal growth appears to have stopped or slowed.
Without such a big pop in the third quarter, investment gains were limited to $5.6 million.
During that time, there are no state or Federal taxes on the investment gains.
Latest quarter results included realized investment gains of $1,220,000, or 19 cents a share.
There is no tax to pay on the money but nor will it accrue more investment gains or interest.
In the most recently-published report they made no investment gain from their charity work.
It was then that the company stopped making contributions because investment gains had created a $1 billion surplus.
One big reason is that dividends and investment gains, which go mostly to the richest, are not subject to the tax.
This leverage may increase investment gains but also increases investor risk.
There were also reductions in a number of other taxes on investment gains.
