Input file (txpydata.raw)
year,state,mstat,page,sage,depx,pwages,swages,dividends,intrec,pensions,gssi,rentpaid,childcare,mortgage,age1,age2,idtl,opt1,opt1v
2025,5,2,40,43,2,10476.19,20000,0,4372.6729,0,0,0,0,0,8,15,5,30,1
 
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                             40.00       43.00
        6. Dependent Exemptions                                 0.00
        8. Number of Dependents                                 2.00
        9. Wage and salary income of primary taxpayer       10476.19    20000.00
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                                4372.67
        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        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                               -9629.81
        Record ID                                                0.0
        State (SOI code)                                     5    CA
        State IIT Liability                                  -103.78
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                   21.1
        State Marginal Rate                                      4.3
        Taxpayer liability for FICA                          2331.43

    Federal Tax Calculation:
        AMT Liability after credit for regular tax and other allowed credits            0.0
        Child Care Credit                                        0.0
        Child Tax Credit                                     4196.43
        Earned Income Credit                                 6229.81
        FICA                                                 2331.43
        Federal AGI                                         34848.86
        Federal Income Tax Before Credits                     334.89
        Federal Regular Tax                                   334.89
        Federal Taxable Income                               3348.86
        Income for the Alternative Minimum Tax              34848.86
        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             31500.0

    State Tax Calculation:
        32. AGI                                              34848.9
        34. Standard Deduction                               11412.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                   23436.9
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                    0.0
        39. EIC                                                103.8
        40. Total Credits                                    1359.78
        Child Tax Credit                                         0.0
        Tax before credits                                     247.2

    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