Input file (txpydata.raw)
taxsimid,mstat,opt1,opt1v,opt2,opt2v,idtl,depx,age1,childcare,state,year,pwages
1,1,30,1,88,1,5,1,10,2000,25,2024,34999
 
Name: policyengine-us
Version: 1.184.0
Name: policyengine-us
Version: 1.184.0
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                            1.00
        2. Tax Year                                          2024.00
        3. State Code                                          25.00 MS
        4. Marital Status                                       1.00
        5. Age (Txpyr/Spouse)                                   0.00        0.00
        6. Dependent Exemptions                                 0.00
        8. #deps for CCC/CTC/EIC                                1.00
        9. Wages (Txpyr/Spouse)                             34999.00
        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                                    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                              2000.00
        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)                                 25    MS
        4. Federal IIT Liability                            -3440.92
        5. State IIT Liability                                443.65
        6. SS Payroll Tax Liability                           2677.4

    Marginal Rates wrt Weighted Average Earnings:
        9. Weighted Payroll Tax Rate                         2677.42

    Federal Tax Calculation:
        10. Federal AGI                                      34999.0
        11. UI in AGI 1979+                                      0.0
        12. Social Security in AGI 84                            0.0
        13. Zero Bracket Amount                              21900.0
        14. Personal Exemptions                                  0.0
        17. Deductions allowed                               1129.06
        18. Federal Taxable Income                           13099.0
        19. Federal Regular Tax                               1309.9
        22. Child Tax Credit*17/22 98                         2000.0
        23. Refundable Part                                   1190.1
        24. Child Care Credit 1076+                            500.0
        25. Earned Income Credit 1975                        2250.82
        26. Alternative Min Income                           34999.0
        27. AMT                                                  0.0
        28. Income Tax Before Credits                         1309.9
        29. FICA                                             2677.42
        QBI deduction                                            0.0

    State Tax Calculation:
        32. AGI                                              34999.0
        34. Standard Deduction                                3400.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                   22099.0
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                  125.0
        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                                      500.0
        Child Tax Credit                                       500.0