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,opt1,opt1v
1786346,2025,46,1,74,0,0,29333.334,0,0,0,0,3.6438942,0,0,0,0,0,25742.697,10880,0,0,0,0,0,0,0,0,5,30,1
 
Name: policyengine-us
Version: 1.737.0
Name: policyengine-taxsim
Version: 2.26.1
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                      1786346.00
        2. Tax Year                                          2025.00
        3. State Code                                          46.00 VT
        4. Marital Status                                       1.00
        5. Age of primary taxpayer                             74.00       40.00
        6. Dependent Exemptions                                 0.00
        8. Number of Dependents                                 0.00
        9. Wage and salary income of primary taxpayer       29333.33        0.00
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                                   3.64
        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                           25742.70
        19. Tot/Txpy/Spouse UI                              10880.00        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                                4224.55
        Record ID                                          1786346.0
        State (SOI code)                                    46    VT
        State IIT Liability                                  1565.86
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                   22.2
        State Marginal Rate                                      6.2
        Taxpayer liability for FICA                          2276.27

    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                                                 2276.27
        Federal AGI                                         60942.06
        Federal Income Tax Before Credits                    4224.55
        Federal Regular Tax                                  4224.55
        Federal Taxable Income                              37192.06
        Income for the Alternative Minimum Tax              54942.06
        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                              20725.08
        UI in AGI                                            10880.0
        Zero Bracket Amount / Standard Deduction             17750.0

    State Tax Calculation:
        32. AGI                                              60942.1
        34. Standard Deduction                                8900.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                   46742.1
        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                                    1565.9

    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