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
3274301,2025,1,2,75,75,0,0,0,0,0,62047.563,0,0,0,0,0,0,0,0,0,0,0,0,50000,0,5,30,1
 
Name: policyengine-us
Version: 1.726.0
Name: policyengine-taxsim
Version: 2.26.1
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                      3274301.00
        2. Tax Year                                          2025.00
        3. State Code                                           1.00 AL
        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           0.00        0.00
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                               62047.56
        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                                   4.76
        Record ID                                          3274301.0
        State (SOI code)                                     1    AL
        State IIT Liability                                   274.24
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                   10.0
        State Marginal Rate                                      4.3
        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                                         62047.56
        Federal Income Tax Before Credits                       4.76
        Federal Regular Tax                                     4.76
        Federal Taxable Income                                 47.56
        Income for the Alternative Minimum Tax                 47.56
        Itemized Deductions in taxable income                50000.0
        Net Investment Income Tax                                0.0
        Personal Exemptions                                      0.0
        QBI deduction                                            0.0
        Social Security in AGI                                   0.0
        UI in AGI                                                0.0
        Zero Bracket Amount / Standard Deduction             34700.0

    State Tax Calculation:
        32. AGI                                              62047.6
        34. Standard Deduction                                5000.0
        35. Itemized Deductions                              51958.1
        36. Taxable Income                                    7084.7
        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                                     274.2

    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