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,opt1,opt1v
1296726,2025,26,2,45,45,0,0,0,0,0,789125.13,0,0,0,0,0,0,0,0,0,0,0,0,50000,0,5,30,1
 
Name: policyengine-us
Version: 1.722.4
Name: policyengine-taxsim
Version: 2.26.1
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                      1296726.00
        2. Tax Year                                          2025.00
        3. State Code                                          26.00 MO
        4. Marital Status                                       2.00
        5. Age of primary taxpayer                             45.00       45.00
        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                              789125.13
        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                                 0.00
        23. Other Itemized Deds                                 0.00
        24. Child Care Expenses                                 0.00
        25. Mortgage Interest                               50000.00
        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                              218275.05
        Record ID                                          1296726.0
        State (SOI code)                                    26    MO
        State IIT Liability                                  35256.5
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                   38.8
        State Marginal Rate                                      4.7
        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                                         789125.1
        Federal Income Tax Before Credits                   197788.3
        Federal Regular Tax                                 197788.3
        Federal Taxable Income                              739125.1
        Income for the Alternative Minimum Tax              739125.1
        Itemized Deductions in taxable income                50000.0
        Net Investment Income Tax                           20486.75
        Personal Exemptions                                      0.0
        QBI deduction                                            0.0
        Social Security in AGI                                   0.0
        UI in AGI                                                0.0
        Zero Bracket Amount / Standard Deduction             31500.0

    State Tax Calculation:
        32. AGI                                             789125.1
        34. Standard Deduction                               31500.0
        35. Itemized Deductions                              14743.5
        36. Taxable Income                                  757625.1
        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                                   35256.5

    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