Input file (txpydata.raw)
taxsimid,year,state,mstat,page,sage,depx,pwages,psemp,swages,ssemp,dividends,intrec,stcg,ltcg,otherprop,nonprop,pensions,gssi,pui,sui,transfers,rentpaid,proptax,otheritem,childcare,mortgage,scorp,idtl,age1,age2,opt1,opt1v
10217111,2025,11,2,75,75,0,20000,0,10000,0,0,60839.516,0,0,0,0,743.60602,0,0,0,0,0,0,0,0,0,209405.31,5,0,0,30,111
 
Name: policyengine-us
Version: 1.709.1
Name: policyengine-taxsim
Version: 2.21.10
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                     10217111.00
        2. Tax Year                                          2025.00
        3. State Code                                          11.00 GA
        4. Marital Status                                       2.00
        5. Age of primary taxpayer                             75.00       75.00
        6. Dependent Exemptions                                 0.00
        8. Number of Dependents                                 0.00
        9. Wage and salary income of primary taxpayer       20000.00    10000.00
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                               60839.52
        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                                  743.61
        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                                 209405.31
        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                               41489.32
        Record ID                                         10217111.0
        State (SOI code)                                    11    GA
        State IIT Liability                                 10660.53
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                   27.8
        State Marginal Rate                                      5.2
        Taxpayer liability for FICA                           2295.0

    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                                                  2295.0
        Federal AGI                                         300988.4
        Federal Income Tax Before Credits                   39551.76
        Federal Regular Tax                                 39551.76
        Federal Taxable Income                             224407.34
        Income for the Alternative Minimum Tax             259107.34
        Itemized Deductions in taxable income                    0.0
        Net Investment Income Tax                            1937.56
        Personal Exemptions                                      0.0
        QBI deduction                                       41881.06
        Social Security in AGI                                   0.0
        UI in AGI                                                0.0
        Zero Bracket Amount / Standard Deduction             34700.0

    State Tax Calculation:
        32. AGI                                             229405.3
        34. Standard Deduction                               24000.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                  205405.3
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                    0.0
        39. EIC                                                  0.0
        40. Total Credits                                        0.0
        Child Tax Credit                                         0.0
        Tax before credits                                   10660.5

    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