Input file (txpydata.raw)
taxsimid,year,state,mstat,depx,pwages,intrec,stcg,ltcg,pui,idtl,opt1,opt1v
3864,2024,4,1,0,93904.383,2514.2869,0,0,0,5,30,1
 
Name: policyengine-us
Version: 1.435.0
Name: policyengine-taxsim
Version: 2.4.0
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                         3864.00
        2. Tax Year                                          2024.00
        3. State Code                                           4.00 AR
        4. Marital Status                                       1.00
        5. Age of primary taxpayer                             40.00       40.00
        6. Dependent Exemptions                                 0.00
        8. Number of Dependents                                 0.00
        9. Wage and salary income of primary taxpayer       93904.38
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                                2514.29
        13. Short Term Gains                                    0.00
        14. Long Term Gains                                     0.00
        15. Other Property                                      0.00
        16. Other Non-Property                                  0.00
        17. Taxable Pensions                                    0.00
        18. Gross Social Security                               0.00
        19. Tot/Txpy/Spouse UI                                  0.00
        20. Non-taxable Transfers                               0.00
        21. Rent Paid                                           0.00
        22. Property Taxes Paid                                 0.00
        23. Other Itemized Deds                                 0.00
        24. Child Care Expenses                                 0.00
        25. Mortgage Interest                                   0.00
        26. S-Corp profits                                      0.00
        27. Primary and secondary Taxpayer's active QBI           0.00
        28. Primary and secondary taxpayer's Specialized Service Trade or Business service           0.00

    Basic Output:
        FICA (OADSI and HI, sum of employee AND employer including Additional Medicare Tax)            0.0
        Federal IIT Liability                               13053.11
        Record ID                                             3864.0
        State (SOI code)                                     4    AR
        State IIT Liability                                  3246.24
        Year                                                    2024

    Marginal Rates wrt Weighted Average Earnings:
        Taxpayer liability for FICA                          7183.69

    Federal Tax Calculation:
        AMT Liability after credit for regular tax and other allowed credits            0.0
        Child Care Credit                                        0.0
        Child Tax Credit                                         0.0
        Earned Income Credit                                     0.0
        FICA                                                 7183.69
        Federal AGI                                         96418.67
        Federal Income Tax Before Credits                   13053.11
        Federal Regular Tax                                 13053.11
        Federal Taxable Income                              81818.67
        Income for the Alternative Minimum Tax              96418.67
        Itemized Deductions in taxable income                    0.0
        Net Investment Income Tax                                0.0
        Personal Exemptions                                      0.0
        QBI deduction                                            0.0
        Social Security in AGI                                   0.0
        UI in AGI                                                0.0
        Zero Bracket Amount / Standard Deduction             14600.0

    State Tax Calculation:
        32. AGI                                             96418.67
        34. Standard Deduction                                2410.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                  94008.67
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                    0.0
        39. EIC                                                  0.0
        40. Total Credits                                       29.0
        Child Tax Credit                                         0.0
        Tax before credits                                       0.0

    TCJA 2018+:
        42. Earned Self-Employment Income for FICA               0.0

    Additional Medicare Taxes 2013+:
        Medicare Tax on Unearned Income                          0.0

    Decomposition of Federal Marginal Rate 
 (taxpayer earned income) 
 Regular Income Tax:
        Cares Recovery Rebates                                   0.0