Input file (txpydata.raw)
taxsimid,mstat,page,sage,intrec,stcg,ltcg,pui,sui,swages,state,idtl,opt1,opt1v,year
7603,2,40,40,0,0,0,0,14311.733,10000,21,5,30,121,2025
 
Name: policyengine-us
Version: 1.705.16
Name: policyengine-taxsim
Version: 2.21.6
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                         7603.00
        2. Tax Year                                          2025.00
        3. State Code                                          21.00 MD
        4. Marital Status                                       2.00
        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           0.00        0.00
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                                   0.00
        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    14311.73
        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 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                                 -145.5
        Record ID                                             7603.0
        State (SOI code)                                    21    MD
        State IIT Liability                                   350.31
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                    7.7
        State Marginal Rate                                      8.6
        Taxpayer liability for FICA                            765.0

    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                                   145.5
        FICA                                                   765.0
        Federal AGI                                         24311.74
        Federal Income Tax Before Credits                        0.0
        Federal Regular Tax                                      0.0
        Federal Taxable Income                                   0.0
        Income for the Alternative Minimum Tax               31500.0
        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                                           14311.73
        Zero Bracket Amount / Standard Deduction             31500.0

    State Tax Calculation:
        32. AGI                                              23111.7
        34. Standard Deduction                                6700.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                   10011.7
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                    0.0
        39. EIC                                                 72.8
        40. Total Credits                                      72.75
        Child Tax Credit                                         0.0
        Tax before credits                                     423.1

    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