Input file (txpydata.raw)
year,state,mstat,page,sage,depx,pwages,swages,dividends,intrec,pensions,gssi,rentpaid,childcare,mortgage,age1,age2,idtl,opt1,opt1v
2025,5,2,65,65,2,0,20000,0,78.708115,25984.811,0,0,0,0,8,15,5,30,1
 
Name: policyengine-us
Version: 1.570.7
Name: policyengine-taxsim
Version: 2.18.1
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                            0.00
        2. Tax Year                                          2025.00
        3. State Code                                           5.00 CA
        4. Marital Status                                       2.00
        5. Age of primary taxpayer                             65.00       65.00
        6. Dependent Exemptions                                 0.00
        8. Number of Dependents                                 2.00
        9. Wage and salary income of primary taxpayer           0.00    20000.00
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                                  78.71
        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                                25984.81
        18. Gross Social Security                               0.00
        19. Tot/Txpy/Spouse UI                                  0.00        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                               -6493.01
        Record ID                                                0.0
        State (SOI code)                                     5    CA
        State IIT Liability                                  -552.15
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                    6.1
        State Marginal Rate                                      4.3
        Taxpayer liability for FICA                           1530.0

    Federal Tax Calculation:
        AMT Liability after credit for regular tax and other allowed credits            0.0
        Child Care Credit                                        0.0
        Child Tax Credit                                      2625.0
        Earned Income Credit                                 3868.01
        FICA                                                  1530.0
        Federal AGI                                         46063.52
        Federal Income Tax Before Credits                        0.0
        Federal Regular Tax                                      0.0
        Federal Taxable Income                                   0.0
        Income for the Alternative Minimum Tax               34700.0
        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             34700.0

    State Tax Calculation:
        32. AGI                                              46063.5
        34. Standard Deduction                               11412.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                   34651.5
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                    0.0
        39. EIC                                                552.1
        40. Total Credits                                    2114.15
        Child Tax Credit                                         0.0
        Tax before credits                                     471.4

    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