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<title>recipe00.res</title><pre>
WARNING: the Behavior class is deprecated and will be removed soon.
FUTURE: use the Behavioral-Responses behresp package OR
use the Tax-Calculator quantity_response function.
You loaded data for 2014.
Your data include the following unused variables that will be ignored:
filer
Tax-Calculator startup automatically extrapolated your data to 2014.
WARNING: the Behavior class is deprecated and will be removed soon.
FUTURE: use the Behavioral-Responses behresp package OR
use the Tax-Calculator quantity_response function.
You loaded data for 2014.
Your data include the following unused variables that will be ignored:
filer
Tax-Calculator startup automatically extrapolated your data to 2014.
REFORM DOCUMENTATION
Baseline Growth-Difference Assumption Values by Year:
none: using default baseline growth assumptions
Policy Reform Parameter Values by Year:
2020:
_II_em : 1000
name: Personal and dependent exemption amount
desc: Subtracted from AGI in the calculation of taxable income, per taxpayer
and dependent.
baseline_value: 0.0
_II_rt5 : 0.36
name: Personal income (regular/non-AMT/non-pass-through) tax rate 5
desc: The third highest tax rate, applied to the portion of taxable income
below tax bracket 5 and above tax bracket 4.
baseline_value: 0.32
_II_rt6 : 0.39
name: Personal income (regular/non-AMT/non-pass-through) tax rate 6
desc: The second higher tax rate, applied to the portion of taxable income
below tax bracket 6 and above tax bracket 5.
baseline_value: 0.35
_II_rt7 : 0.41
name: Personal income (regular/non-AMT/non-pass-through) tax rate 7
desc: The tax rate applied to the portion of taxable income below tax
bracket 7 and above tax bracket 6.
baseline_value: 0.37
_PT_rt5 : 0.36
name: Pass-through income tax rate 5
desc: The third highest tax rate, applied to the portion of income from sole
proprietorships, partnerships and S-corporations below tax bracket 5
and above tax bracket 4.
baseline_value: 0.32
_PT_rt6 : 0.39
name: Pass-through income tax rate 6
desc: The second higher tax rate, applied to the portion of income from sole
proprietorships, partnerships and S-corporations below tax bracket 6
and above tax bracket 5.
baseline_value: 0.35
_PT_rt7 : 0.41
name: Pass-through income tax rate 7
desc: The highest tax rate, applied to the portion of income from sole
proprietorships, partnerships and S-corporations below tax bracket 7
and above tax bracket 6.
baseline_value: 0.37
2020_CLP_itax_rev($B)= 1413.014
2020_REF_itax_rev($B)= 1410.347
CLP diagnostic table:
2020
Returns (#m) 167.510
AGI ($b) 11946.468
Itemizers (#m) 31.010
Itemized Deduction ($b) 872.622
Standard Deduction Filers (#m) 136.500
Standard Deduction ($b) 2438.667
Personal Exemption ($b) 0.000
Taxable Income ($b) 9126.133
Regular Tax ($b) 1574.241
AMT Income ($b) 11332.222
AMT Liability ($b) 1.421
AMT Filers (#m) 0.270
Tax before Credits ($b) 1575.663
Refundable Credits ($b) 78.598
Nonrefundable Credits ($b) 93.678
Reform Surtaxes ($b) 0.000
Other Taxes ($b) 9.627
Ind Income Tax ($b) 1413.014
Payroll Taxes ($b) 1316.606
Combined Liability ($b) 2729.619
With Income Tax <= 0 (#m) 60.380
With Combined Tax <= 0 (#m) 39.230
REF diagnostic table:
2020
Returns (#m) 167.510
AGI ($b) 11946.468
Itemizers (#m) 30.930
Itemized Deduction ($b) 870.299
Standard Deduction Filers (#m) 136.580
Standard Deduction ($b) 2440.097
Personal Exemption ($b) 327.446
Taxable Income ($b) 8879.639
Regular Tax ($b) 1569.173
AMT Income ($b) 11334.179
AMT Liability ($b) 1.356
AMT Filers (#m) 0.270
Tax before Credits ($b) 1570.530
Refundable Credits ($b) 81.346
Nonrefundable Credits ($b) 88.463
Reform Surtaxes ($b) 0.000
Other Taxes ($b) 9.627
Ind Income Tax ($b) 1410.347
Payroll Taxes ($b) 1316.606
Combined Liability ($b) 2726.953
With Income Tax <= 0 (#m) 62.590
With Combined Tax <= 0 (#m) 39.570
Extract of 2020 distribution table by baseline expanded-income decile:
funits(#m) itax1($b) itax2($b) aftertax_inc1($b) aftertax_inc2($b)
0-10n 0.00 0.000 0.000 0.000 0.000
0-10z 0.00 0.000 0.000 0.000 0.000
0-10p 16.75 -4.253 -4.619 162.917 163.283
10-20 16.75 -1.739 -2.816 413.293 414.370
20-30 16.75 3.460 2.226 551.423 552.656
30-40 16.75 9.875 8.189 679.057 680.743
40-50 16.75 18.822 16.491 836.906 839.237
50-60 16.75 32.389 29.325 1028.539 1031.603
60-70 16.75 61.360 57.428 1263.665 1267.597
70-80 16.75 106.617 101.306 1584.030 1589.341
80-90 16.75 213.706 205.454 2108.779 2117.031
90-100 16.75 972.777 997.363 4309.822 4285.237
ALL 167.51 1413.014 1410.347 12938.431 12941.098
90-95 8.38 214.444 210.125 1438.241 1442.561
95-99 6.70 327.050 326.019 1668.490 1669.521
Top 1% 1.68 431.283 461.219 1203.091 1173.155
Extract of 2020 income-tax difference table by expanded-income decile:
funits(#m) agg_diff($b) mean_diff($) aftertaxinc_diff(%)
0-10n 0.00 0.000 0.0 NaN
0-10z 0.00 0.000 0.0 NaN
0-10p 16.75 -0.366 -21.8 0.2
10-20 16.75 -1.077 -64.3 0.3
20-30 16.75 -1.233 -73.6 0.2
30-40 16.75 -1.686 -100.7 0.2
40-50 16.75 -2.331 -139.1 0.3
50-60 16.75 -3.064 -182.9 0.3
60-70 16.75 -3.932 -234.7 0.3
70-80 16.75 -5.311 -317.0 0.3
80-90 16.75 -8.252 -492.6 0.4
90-100 16.75 24.585 1467.7 -0.6
ALL 167.51 -2.667 -15.9 0.0
90-95 8.38 -4.320 -515.7 0.3
95-99 6.70 -1.031 -153.9 0.1
Top 1% 1.68 29.936 17871.1 -2.5
</pre>