Input file (txpydata.raw)
taxsimid,mstat,page,gssi,pensions,opt1,opt1v,opt2,opt2v,idtl,year,state
1,1,70,24999,50000,30,1,88,1,5,2023,25
 
Name: policyengine-us
Version: 1.174.0
Name: policyengine-us
Version: 1.174.0
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                            1.00
        2. Tax Year                                          2023.00
        3. State Code                                          25.00 MS
        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                                50000.00
        18. Gross Social Security                           24999.00
        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                                                 2023
        3. State (SOI code)                                 25    MS
        4. Federal IIT Liability                             7528.31
        5. State IIT Liability                                1510.0
        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                                     71249.15
        11. UI in AGI 1979+                                      0.0
        12. Social Security in AGI 84                       21249.15
        13. Zero Bracket Amount                              15700.0
        14. Personal Exemptions                                  0.0
        17. Deductions allowed                               2947.46
        18. Federal Taxable Income                          55549.15
        19. Federal Regular Tax                              7528.31
        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                          71249.15
        27. AMT                                                  0.0
        28. Income Tax Before Credits                         7528.3
        29. FICA                                                 0.0
        QBI deduction                                            0.0

    State Tax Calculation:
        32. AGI                                              50000.0
        34. Standard Deduction                                2300.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                   40200.0
        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