compile for linux NBER TAXSIM @(#) $Version: 0 With TCJA User modifications to tax law State law coded through 2023 Later state laws extrapolated from that year. Marginal tax rate wrt taxpayer earnings. Input Data: 1. Record ID: 1. 2. Tax Year: 2024.00 3. State (SOI code): 37 Oklahoma 4. Marital Status: 1.00 HoH 5. Age (Txpyr/Spouse): 0.00 0.00 6. Dependent Exemptions: 1.00 7. Dependent Ages 10. 8. #deps for CCC/CTC/EIC: 1.00 1.00 1.00 9. Wages (Txpyr/Spouse): 19999.00 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: 0.00 18. Gross Social Security: 0.00 19. Tot/Txpy/Spouse UI : 0.00 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 0.00 28. Txpy/Spouse SSTB w PO: 0.00 0.00 29. opt1/value: 30.00 1.00 30. opt2/value: 88.00 1.00 Basic Output: 1. Record ID: 1. 2. Year: 2024 3. State (SOI code): 37 Oklahoma 4. Federal IIT Liability: -5613.00 5. State IIT Liability: -221.01 6. SS Payroll Tax Liability: 3059.85 Marginal Rates wrt Earner 7. Federal Marginal Rate: 0.00 8. State Marginal Rate: 3.55 9. Taxpayer SS Rate: 0.00 Federal Tax Calculation: Base +$1 10. Federal AGI 19999.00 20000.00 11. UI in AGI 1979+ 0.00 0.00 12. Social Security in AGI 84 0.00 0.00 13. Zero Bracket Amount 21900.00 21900.00 14. Personal Exemptions 0.00 0.00 15. Exemption Phaseout 1991+ 0.00 0.00 16. Deduction Phaseout 1991+ 0.00 0.00 17. Deductions allowed 0.00 0.00 QBI deduction 0.00 0.00 18. Federal Taxable Income 0.00 0.00 19. Federal Regular Tax 0.00 0.00 20. Exemption Surtax 1988-96 0.00 0.00 21. General Tax Credit 1975-8 0.00 0.00 22. Child Tax Credit 0.00 0.00 Additional CTC 1400.00 1400.00 23 Refundable Part 1400.00 1400.00 24. Child Care Credit 1976+ 0.00 0.00 25. Earned Income Credit 1975 4213.00 4213.00 26. Alternative Min Income: 19999.00 20000.00 27. AMT 0.00 0.00 28. Income Tax Before Credits 0.00 0.00 Total Credits 0.00 0.00 Net Investment Income Tax 0.00 0.00 29. FICA 3059.85 3060.00 Taxpayer share of FICA 1529.92 1530.00 State Tax Calculation: 30. Household Income 19999.00 20000.00 31. Imputed Rent 0.00 0.00 32. AGI 19999.00 20000.00 33. Exemptions 2000.00 2000.00 34. Standard Deduction 9350.00 9350.00 35. Itemized Deductions 0.00 0.00 Federal tax deduction 0.00 0.00 36. Taxable Income 8649.00 8650.00 Tax before credits 102.85 102.88 Bracket Rate 2.75 2.75 37. Property Tax Credit 0.00 0.00 Rent credit 0.00 0.00 38. Child Care Credit 70.00 70.00 39. EIC 173.85 173.85 Energy|Fuel Credit 0.00 0.00 Child Tax Credit 0.00 0.00 40. Total Credits 323.85 323.85 Energy/Fuel credit 0.00 0.00 General/Food/Low Inc crd 0.00 0.00 AMT 0.00 0.00 TCJA 2018+ 42. QBI Deduction 0.00 0.00 Additional Medicare Taxes 2013+ 43. Net Investment Income Tax 0.00 0.00 44. Medicare Tax on Earnings 0.00 0.00 Decomposition of Federal Marginal Rate (taxpayer earned income) Regular Income Tax Bracket rate from X,Y or Z 0.00 Deduction Phaseout: 0.00 Exemption Phaseout: 0.00 Social Security Phasein: 0.00 Child Tax Credit: 0.00 Child Care Credit: 0.00 Refundable Part of CTC: -15.00 Earned Income Credit: 15.98 Surtax on 15% bracket: 0.00 Exemption Surtax: 0.00 Unemployment Insurance: 0.00 Max Tax on Earned Income: 0.00 Elderly Credit: 0.00 Dependent Care Credit: 0.00 Percentage Std Deduction: 0.00 Medicare tax on Unearned Inco 0.00 Cares Recovery Rebates: 0.00 Alternative Minimum Income Tax AMT Bracket Rate 26.00 AMT Phaseout -26.00 Only Regular Tax Relevant Total Marginal Rate: -15.00 FICA w Medicare (t,s): 0.00 0.00