Input file (txpydata.raw)
taxsimid,year,state,mstat,page,sage,depx,pwages,swages,dividends,intrec,pensions,gssi,rentpaid,proptax,childcare,mortgage,age1,age2,idtl,opt1,opt1v
80290,2025,23,1,65,0,2,0,0,0,14195.508,29091.621,30000,62435.82,30000,3000,20000,2,11,5,30,123
 
Name: policyengine-us
Version: 1.700.2
Name: policyengine-taxsim
Version: 2.21.6
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                        80290.00
        2. Tax Year                                          2025.00
        3. State Code                                          23.00 MI
        4. Marital Status                                       1.00
        5. Age of primary taxpayer                             65.00       40.00
        6. Dependent Exemptions                                 0.00
        8. Number of Dependents                                 2.00
        9. Wage and salary income of primary taxpayer           0.00        0.00
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                               14195.51
        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                                29091.62
        18. Gross Social Security                           30000.00
        19. Tot/Txpy/Spouse UI                                  0.00        0.00
        20. Non-taxable Transfers                               0.00
        21. Rent Paid                                       62435.82
        22. Property Taxes Paid                             30000.00
        23. Other Itemized Deds                                 0.00
        24. Child Care Expenses                              3000.00
        25. Mortgage Interest                               20000.00
        26. S-Corp profits                                      0.00
        27. Primary and secondary Taxpayer's active QBI           0.00
        28. Primary taxpayer's SSTB self-employment income           0.00        0.00
        28b. Spouse's SSTB self-employment income               0.00

    Basic Output:
        FICA (OADSI and HI, sum of employee AND employer including Additional Medicare Tax)            0.0
        Federal IIT Liability                                    0.0
        Record ID                                            80290.0
        State (SOI code)                                    23    MI
        State IIT Liability                                  -1900.0
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                    0.0
        State Marginal Rate                                      0.0
        Taxpayer liability for FICA                              0.0

    Federal Tax Calculation:
        AMT Liability after credit for regular tax and other allowed credits            0.0
        Child Care Credit                                        0.0
        Child Tax Credit                                         0.0
        Earned Income Credit                                     0.0
        FICA                                                     0.0
        Federal AGI                                         68431.19
        Federal Income Tax Before Credits                    1243.12
        Federal Regular Tax                                  1243.12
        Federal Taxable Income                              12431.19
        Income for the Alternative Minimum Tax              42431.19
        Itemized Deductions in taxable income                50000.0
        Net Investment Income Tax                                0.0
        Personal Exemptions                                      0.0
        QBI deduction                                            0.0
        Social Security in AGI                              25144.06
        UI in AGI                                                0.0
        Zero Bracket Amount / Standard Deduction             25625.0

    State Tax Calculation:
        32. AGI                                              68431.2
        34. Standard Deduction                                   0.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                       0.0
        37. Property Tax Credit                               1900.0
        38. Child Care Credit                                    0.0
        39. EIC                                                  0.0
        40. Total Credits                                     1900.0
        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
        Refundable Part of CTC                                   0.0