Input file (txpydata.raw)
taxsimid,year,state,mstat,page,sage,depx,pwages,psemp,swages,ssemp,dividends,intrec,stcg,ltcg,otherprop,nonprop,pensions,gssi,pui,sui,transfers,rentpaid,proptax,otheritem,childcare,mortgage,scorp,age1,age2,age3,age4,age5,age6,age7,age8,age9,age10,idtl,opt1,opt1v
1262,2024,40,2,26,27,0,0,0,82812.922,0,0,19.800947,-222466.14,-2373.3584,0,0,0,0,0,0,0,9181.7383,0,0,0,0,-838973.63,0,0,0,0,0,0,0,0,0,0,5,30,1
 
Name: policyengine-us
Version: 1.465.2
Name: policyengine-taxsim
Version: 2.4.1
 
Emulator Output (output.csv)

   Input Data:
        1. Record ID                                         1262.00
        2. Tax Year                                          2024.00
        3. State Code                                          40.00 RI
        4. Marital Status                                       2.00
        5. Age of primary taxpayer                             26.00       27.00
        6. Dependent Exemptions                                 0.00
        8. Number of Dependents                                 0.00
        9. Wage and salary income of primary taxpayer           0.00    82812.92
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                                  19.80
        13. Short Term Gains                              -222466.14
        14. Long Term Gains                                 -2373.36
        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                                        9181.74
        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                                -838973.63
        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                                5611.93
        Record ID                                             1262.0
        State (SOI code)                                    40    RI
        State IIT Liability                                  1829.35
        Year                                                    2024

    Marginal Rates wrt Weighted Average Earnings:
        Taxpayer liability for FICA                          6335.19

    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                                                 6335.19
        Federal AGI                                         79832.72
        Federal Income Tax Before Credits                    5611.93
        Federal Regular Tax                                  5611.93
        Federal Taxable Income                              50632.72
        Income for the Alternative Minimum Tax              79832.72
        Itemized Deductions in taxable income                    0.0
        Net Investment Income Tax                                0.0
        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                                             79832.72
        34. Standard Deduction                               21150.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                  48782.72
        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                                   1829.35

    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