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
49631,2025,6,1,40,0,2,0,0,0,50351.313,0,0,0,30000,3000,20000,2,11,5,30,1
 
Name: policyengine-us
Version: 1.570.7
Name: policyengine-taxsim
Version: 2.21.1
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                        49631.00
        2. Tax Year                                          2025.00
        3. State Code                                           6.00 CO
        4. Marital Status                                       1.00
        5. Age of primary taxpayer                             40.00       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                               50351.31
        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                             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                                            49631.0
        State (SOI code)                                     6    CO
        State IIT Liability                                 -2020.53
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                    0.0
        State Marginal Rate                                     -2.8
        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                                         50351.31
        Federal Income Tax Before Credits                    2867.16
        Federal Regular Tax                                  2867.16
        Federal Taxable Income                              26726.31
        Income for the Alternative Minimum Tax              50351.31
        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                                   0.0
        UI in AGI                                                0.0
        Zero Bracket Amount / Standard Deduction             23625.0

    State Tax Calculation:
        32. AGI                                              50351.3
        34. Standard Deduction                               23625.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                   26726.3
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                    0.0
        39. EIC                                                  0.0
        40. Total Credits                                    3196.49
        Child Tax Credit                                      5177.5
        Tax before credits                                    1176.0

    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