Input file (txpydata.raw)
taxsimid,mstat,opt1,opt1v,opt2,opt2v,idtl,depx,age1,state,year,pwages
1,2,30,1,88,1,5,1,10,31,2024,9999
 
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                                          31.00 NJ
        4. Marital Status                                       2.00
        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)                              9999.00
        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                                 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)                                 31    NJ
        4. Federal IIT Liability                            -4524.51
        5. State IIT Liability                              -1268.88
        6. SS Payroll Tax Liability                            764.9

    Marginal Rates wrt Weighted Average Earnings:
        9. Weighted Payroll Tax Rate                          764.92

    Federal Tax Calculation:
        10. Federal AGI                                       9999.0
        11. UI in AGI 1979+                                      0.0
        12. Social Security in AGI 84                            0.0
        13. Zero Bracket Amount                              29200.0
        14. Personal Exemptions                                  0.0
        17. Deductions allowed                                731.99
        18. Federal Taxable Income                               0.0
        19. Federal Regular Tax                                  0.0
        22. Child Tax Credit*17/22 98                         2000.0
        23. Refundable Part                                  1124.85
        24. Child Care Credit 1076+                              0.0
        25. Earned Income Credit 1975                        3399.66
        26. Alternative Min Income                           29200.0
        27. AMT                                                  0.0
        28. Income Tax Before Credits                            0.0
        29. FICA                                              764.92
        QBI deduction                                            0.0

    State Tax Calculation:
        32. AGI                                               9999.0
        34. Standard Deduction                                   0.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                    6499.0
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                    0.0
        39. EIC                                              1359.86
        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