Input file (txpydata.raw)
taxsimid,year,state,mstat,page,sage,pwages,psemp,swages,ssemp,dividends,intrec,stcg,ltcg,otherprop,nonprop,pensions,gssi,pui,sui,transfers,rentpaid,proptax,otheritem,mortgage,scorp,idtl,depx,age1,childcare,opt1,opt1v
5596946,2025,46,1,75,0,25000,0,0,0,0,233.938,0,0,0,0,0,34506.449,0,0,0,0,0,0,0,0,5,1,5,3500,30,1
 
Name: policyengine-us
Version: 1.715.3
Name: policyengine-taxsim
Version: 2.23.0
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                      5596946.00
        2. Tax Year                                          2025.00
        3. State Code                                          46.00 VT
        4. Marital Status                                       1.00
        5. Age of primary taxpayer                             75.00       40.00
        6. Dependent Exemptions                                 0.00
        8. Number of Dependents                                 1.00
        9. Wage and salary income of primary taxpayer       25000.00        0.00
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                                 233.94
        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                           34506.45
        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                              3500.00
        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                               -3855.04
        Record ID                                          5596946.0
        State (SOI code)                                    46    VT
        State IIT Liability                                 -2137.38
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                   29.6
        State Marginal Rate                                      1.3
        Taxpayer liability for FICA                           1940.0

    Federal Tax Calculation:
        AMT Liability after credit for regular tax and other allowed credits            0.0
        Child Care Credit                                      532.3
        Child Tax Credit                                      2200.0
        Earned Income Credit                                 2155.04
        FICA                                                  1940.0
        Federal AGI                                         36948.03
        Federal Income Tax Before Credits                      532.3
        Federal Regular Tax                                    532.3
        Federal Taxable Income                               5323.03
        Income for the Alternative Minimum Tax              30948.03
        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                              11714.09
        UI in AGI                                                0.0
        Zero Bracket Amount / Standard Deduction             25625.0

    State Tax Calculation:
        32. AGI                                              25233.9
        34. Standard Deduction                               12700.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                    1933.9
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                  383.3
        39. EIC                                                818.9
        40. Total Credits                                    2202.17
        Child Tax Credit                                      1000.0
        Tax before credits                                      64.8

    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                                1700.0