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
3187150,2025,50,2,75,75,0,20000,0,10000,0,0,22992.973,0,0,0,0,95390.234,44130.336,0,0,0,0,0,0,0,0,0,5,0,0,30,1
 
 
Name: policyengine-us
Version: 1.718.0
Name: policyengine-taxsim
Version: 2.23.0
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                      3187150.00
        2. Tax Year                                          2025.00
        3. State Code                                          50.00 WI
        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                               22992.97
        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                                95390.23
        18. Gross Social Security                           44130.34
        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 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                               21398.28
        Record ID                                          3187150.0
        State (SOI code)                                    50    WI
        State IIT Liability                                  4358.73
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                   24.6
        State Marginal Rate                                      6.3
        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                                        185893.98
        Federal Income Tax Before Credits                   21398.28
        Federal Regular Tax                                 21398.28
        Federal Taxable Income                             143501.27
        Income for the Alternative Minimum Tax             178201.27
        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                              37510.78
        UI in AGI                                                0.0
        Zero Bracket Amount / Standard Deduction             34700.0

    State Tax Calculation:
        32. AGI                                             148383.2
        34. Standard Deduction                               1342.14
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                  145141.1
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                    0.0
        39. EIC                                                  0.0
        40. Total Credits                                      300.0
        Child Tax Credit                                         0.0
        Tax before credits                                    6902.7

    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