-
-
Notifications
You must be signed in to change notification settings - Fork 150
/
recipe02_res.html
84 lines (83 loc) · 4.9 KB
/
recipe02_res.html
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
<title>recipe02.res</title><pre>
You loaded data for 2014.
Tax-Calculator startup automatically extrapolated your data to 2014.
You loaded data for 2014.
Tax-Calculator startup automatically extrapolated your data to 2014.
You loaded data for 2014.
Tax-Calculator startup automatically extrapolated your data to 2014.
2020_CURRENT_LAW_P__itax_rev($B)= 1447.348
2020_REFORM_STATIC__itax_rev($B)= 1443.743
2020_REFORM_DYNAMIC_itax_rev($B)= 1433.640
DIAGNOSTIC TABLE FOR BASELINE
2020 2021 2022
Returns (#m) 167.510 169.750 171.930
AGI ($b) 12109.411 12655.046 13180.408
Itemizers (#m) 32.050 33.210 34.320
Itemized Deduction ($b) 902.537 961.372 1020.720
Standard Deduction Filers (#m) 135.470 136.530 137.610
Standard Deduction ($b) 2420.211 2494.978 2571.343
Personal Exemption ($b) 0.000 0.000 0.000
Taxable Income ($b) 9272.044 9706.177 10119.075
Regular Tax ($b) 1606.637 1693.978 1775.247
AMT Income ($b) 11474.939 11978.534 12461.377
AMT Liability ($b) 1.405 1.403 1.399
AMT Filers (#m) 0.280 0.270 0.280
Tax before Credits ($b) 1608.042 1695.381 1776.646
Refundable Credits ($b) 77.664 78.142 79.485
Nonrefundable Credits ($b) 94.005 95.409 96.668
Reform Surtaxes ($b) 0.000 0.000 0.000
Other Taxes ($b) 10.974 11.480 11.975
Ind Income Tax ($b) 1447.348 1533.310 1612.467
Payroll Taxes ($b) 1323.691 1381.123 1436.210
Combined Liability ($b) 2771.039 2914.433 3048.677
With Income Tax <= 0 (#m) 59.970 60.550 61.130
With Combined Tax <= 0 (#m) 38.980 39.670 40.430
DIAGNOSTIC TABLE FOR REFORM EXCLUDING BEHAVIORAL RESPONSES
2020 2021 2022
Returns (#m) 167.510 169.750 171.930
AGI ($b) 12109.411 12655.046 13180.408
Itemizers (#m) 31.970 33.140 34.240
Itemized Deduction ($b) 900.224 958.657 1017.703
Standard Deduction Filers (#m) 135.540 136.610 137.690
Standard Deduction ($b) 2421.571 2496.466 2573.093
Personal Exemption ($b) 333.334 345.010 356.808
Taxable Income ($b) 9019.038 9444.178 9848.150
Regular Tax ($b) 1600.587 1689.791 1772.489
AMT Income ($b) 11476.890 11980.845 12463.925
AMT Liability ($b) 1.397 1.393 1.387
AMT Filers (#m) 0.290 0.290 0.280
Tax before Credits ($b) 1601.985 1691.184 1773.877
Refundable Credits ($b) 80.415 80.945 82.575
Nonrefundable Credits ($b) 88.801 90.142 91.342
Reform Surtaxes ($b) 0.000 0.000 0.000
Other Taxes ($b) 10.974 11.480 11.975
Ind Income Tax ($b) 1443.743 1531.576 1611.935
Payroll Taxes ($b) 1323.691 1381.123 1436.210
Combined Liability ($b) 2767.434 2912.699 3048.145
With Income Tax <= 0 (#m) 62.220 62.730 63.340
With Combined Tax <= 0 (#m) 39.300 40.030 40.860
DIAGNOSTIC TABLE FOR REFORM INCLUDING BEHAVIORAL RESPONSES
2020 2021 2022
Returns (#m) 167.510 169.750 171.930
AGI ($b) 12087.626 12630.858 13153.899
Itemizers (#m) 31.940 33.090 34.210
Itemized Deduction ($b) 899.061 957.247 1016.390
Standard Deduction Filers (#m) 135.570 136.650 137.720
Standard Deduction ($b) 2422.137 2497.238 2573.693
Personal Exemption ($b) 333.334 345.010 356.808
Taxable Income ($b) 8997.708 9420.504 9822.180
Regular Tax ($b) 1590.635 1678.936 1760.735
AMT Income ($b) 11456.043 11957.779 12438.509
AMT Liability ($b) 1.425 1.414 1.446
AMT Filers (#m) 0.300 0.300 0.290
Tax before Credits ($b) 1592.060 1680.350 1762.182
Refundable Credits ($b) 80.129 80.661 82.311
Nonrefundable Credits ($b) 89.042 90.383 91.577
Reform Surtaxes ($b) 0.000 0.000 0.000
Other Taxes ($b) 10.751 11.241 11.711
Ind Income Tax ($b) 1433.640 1520.547 1600.004
Payroll Taxes ($b) 1323.424 1380.761 1435.772
Combined Liability ($b) 2757.064 2901.308 3035.776
With Income Tax <= 0 (#m) 62.060 62.540 63.160
With Combined Tax <= 0 (#m) 39.190 39.890 40.760
</pre>