Input file (txpydata.raw)
taxsimid,year,state,mstat,page,sage,depx,dividends,intrec,stcg,ltcg,otherprop,nonprop,pensions,gssi,idtl
3881,2024,32,2,56,20,0,65148.793,20301.98,0,390720.38,0,0,33581.316,0,5
 
 
Name: policyengine-us
Version: 1.570.7
Name: policyengine-taxsim
Version: 2.17.1
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                         3881.00
        2. Tax Year                                          2024.00
        3. State Code                                          32.00 NM
        4. Marital Status                                       2.00
        5. Age of primary taxpayer                             56.00       20.00
        6. Dependent Exemptions                                 0.00
        8. Number of Dependents                                 0.00
        9. Wage and salary income of primary taxpayer           0.00        0.00
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                 65148.79
        12. Interest Received                               20301.98
        13. Short Term Gains                                    0.00
        14. Long Term Gains                                390720.38
        15. Other Property                                      0.00
        16. Other Non-Property                                  0.00
        17. Taxable Pensions                                33581.32
        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. Primary and secondary Taxpayer's active QBI           0.00
        28. Primary and secondary taxpayer's Specialized Service Trade or Business service           0.00

    Basic Output:
        FICA (OADSI and HI, sum of employee AND employer including Additional Medicare Tax)            0.0
        Federal IIT Liability                               78227.96
        Record ID                                             3881.0
        State (SOI code)                                    32    NM
        State IIT Liability                                 17296.39
        Year                                                    2024

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                   30.8
        State Marginal Rate                                      5.9
        Taxpayer liability for FICA                              0.0

    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                                                     0.0
        Federal AGI                                        509752.44
        Federal Income Tax Before Credits                   68357.35
        Federal Regular Tax                                  6001.99
        Federal Taxable Income                             509752.44
        Income for the Alternative Minimum Tax             509752.44
        Itemized Deductions in taxable income                    0.0
        Net Investment Income Tax                            9870.59
        Personal Exemptions                                      0.0
        QBI deduction                                            0.0
        Social Security in AGI                                   0.0
        UI in AGI                                                0.0
        Zero Bracket Amount / Standard Deduction             29200.0

    State Tax Calculation:
        32. AGI                                                  0.0
        34. Standard Deduction                                   0.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                 353464.28
        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                                  17296.39

    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