Input file (txpydata.raw)
taxsimid,mstat,page,pensions,gssi,opt1,opt1v,opt2,opt2v,idtl,year,state
1,1,70,24999,50000,30,1,88,1,5,2024,24
 
Name: policyengine-us
Version: 1.176.2
Name: policyengine-us
Version: 1.176.2
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                            1.00
        2. Tax Year                                          2024.00
        3. State Code                                          24.00 MN
        4. Marital Status                                       1.00
        5. Age (Txpyr/Spouse)                                  70.00
        6. Dependent Exemptions                                 0.00
        8. #deps for CCC/CTC/EIC                                0.00
        9. Wages (Txpyr/Spouse)                                 0.00        0.00
        10. Self-employment income                              0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                                   0.00
        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                                24999.00
        18. Gross Social Security                           50000.00
        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                                   0.00
        26. S-Corp profits                                      0.00
        27. Txpy/Spouse QBI w/o PO                              0.00
        28. Txpy/Spouse SSTB w PO                               0.00

    Basic Output:
        1. Record ID                                             1.0
        2. Year                                                 2024
        3. State (SOI code)                                 24    MN
        4. Federal IIT Liability                             2953.78
        5. State IIT Liability                               1163.79
        6. SS Payroll Tax Liability                              0.0

    Marginal Rates wrt Weighted Average Earnings:
        9. Weighted Payroll Tax Rate                             0.0

    Federal Tax Calculation:
        10. Federal AGI                                     43098.15
        11. UI in AGI 1979+                                      0.0
        12. Social Security in AGI 84                       18099.15
        13. Zero Bracket Amount                              16550.0
        14. Personal Exemptions                                  0.0
        17. Deductions allowed                               1525.99
        18. Federal Taxable Income                          26548.15
        19. Federal Regular Tax                              2953.78
        22. Child Tax Credit*17/22 98                            0.0
        23. Refundable Part                                      0.0
        24. Child Care Credit 1076+                              0.0
        25. Earned Income Credit 1975                            0.0
        26. Alternative Min Income                          43098.15
        27. AMT                                                  0.0
        28. Income Tax Before Credits                         2953.8
        29. FICA                                                 0.0
        QBI deduction                                            0.0

    State Tax Calculation:
        32. AGI                                                  0.0
        34. Standard Deduction                               16525.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                  21753.15
        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                                       0.0

    TCJA 2018+:
        42. QBI Deduction                                        0.0

    Additional Medicare Taxes 2013+:
        Net Investment Income Tax                                0.0

    Decomposition of Federal Marginal Rate 
 (taxpayer earned income) 
 Regular Income Tax:
        Cares Recovery Rebates                                   0.0
        Child Care Credit                                        0.0
        Child Tax Credit                                         0.0