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Merge pull request #2730 from martinholmer/fix-pcl
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Correct a few historical income tax bracket parameter values
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@jdebacker
jdebacker committed Mar 27, 2024
2 parents 850568b + d9aab06 commit 6ababf7
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Showing 8 changed files with 113 additions and 87 deletions.
28 changes: 14 additions & 14 deletions taxcalc/policy_current_law.json
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Original file line number Diff line number Diff line change
Expand Up @@ -11061,7 +11061,7 @@
{
"year": 2020,
"MARS": "mseparate",
"value": 518400.0
"value": 311025.0
},
{
"year": 2020,
Expand All @@ -11086,7 +11086,7 @@
{
"year": 2021,
"MARS": "mseparate",
"value": 329850.0
"value": 314150.0
},
{
"year": 2021,
Expand Down Expand Up @@ -13280,27 +13280,27 @@
{
"year": 2021,
"MARS": "single",
"value": 215950.0
"value": 209425.0
},
{
"year": 2021,
"MARS": "mjoint",
"value": 431900.0
"value": 418850.0
},
{
"year": 2021,
"MARS": "mseparate",
"value": 215950.0
"value": 209425.0
},
{
"year": 2021,
"MARS": "headhh",
"value": 215950.0
"value": 209400.0
},
{
"year": 2021,
"MARS": "widow",
"value": 431900.0
"value": 418850.0
},
{
"year": 2022,
Expand Down Expand Up @@ -13628,7 +13628,7 @@
{
"year": 2020,
"MARS": "mseparate",
"value": 518400.0
"value": 311025.0
},
{
"year": 2020,
Expand All @@ -13643,27 +13643,27 @@
{
"year": 2021,
"MARS": "single",
"value": 539900.0
"value": 523600.0
},
{
"year": 2021,
"MARS": "mjoint",
"value": 647850.0
"value": 628300.0
},
{
"year": 2021,
"MARS": "mseparate",
"value": 539900.0
"value": 314150.0
},
{
"year": 2021,
"MARS": "headhh",
"value": 539900.0
"value": 523600.0
},
{
"year": 2021,
"MARS": "widow",
"value": 647850.0
"value": 628300.0
},
{
"year": 2022,
Expand Down Expand Up @@ -20692,4 +20692,4 @@
"cps": true
}
}
}
}
128 changes: 64 additions & 64 deletions taxcalc/reforms/rounding2022.json
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Original file line number Diff line number Diff line change
Expand Up @@ -9,83 +9,83 @@

{
"II_brk1": {"2019": [9700, 19400, 9700, 13850, 19400],
"2020": [9875, 19750, 9875, 14100, 19750],
"2021": [9950, 19900, 9950, 14200, 19900],
"2022": [10275, 20550, 10275, 14650, 20550]},
"2020": [9875, 19750, 9875, 14100, 19750],
"2021": [9950, 19900, 9950, 14200, 19900],
"2022": [10275, 20550, 10275, 14650, 20550]},
"II_brk2": {"2019": [39475, 78950, 39475, 52850, 78950],
"2020": [40125, 80250, 40125, 53700, 80250],
"2021": [40525, 81050, 40525, 54200, 81050],
"2022": [41775, 83550, 41775, 55900, 83550]},
"2020": [40125, 80250, 40125, 53700, 80250],
"2021": [40525, 81050, 40525, 54200, 81050],
"2022": [41775, 83550, 41775, 55900, 83550]},
"II_brk3": {"2019": [84200, 168400, 84200, 84200, 168400],
"2020": [85525, 171050, 85525, 85500, 171050],
"2021": [86375, 172750, 86375, 86350, 172750],
"2022": [89075, 178150, 89075, 89050, 178150]},
"II_brk4": { "2019": [160725, 321450, 160725, 160700, 321450],
"2020": [163300, 326600, 163300, 163300, 326600],
"2021": [164925, 329850, 164925, 164900, 329850],
"2022": [170050, 340100, 170050, 170050, 340100]},
"2020": [85525, 171050, 85525, 85500, 171050],
"2021": [86375, 172750, 86375, 86350, 172750],
"2022": [89075, 178150, 89075, 89050, 178150]},
"II_brk4": {"2019": [160725, 321450, 160725, 160700, 321450],
"2020": [163300, 326600, 163300, 163300, 326600],
"2021": [164925, 329850, 164925, 164900, 329850],
"2022": [170050, 340100, 170050, 170050, 340100]},
"II_brk5": {"2019": [204100, 408200, 204100, 204100, 408200],
"2020": [207350, 414700, 207350, 207350, 414700],
"2021": [209425, 418850, 209425, 209400, 418850],
"2022": [215950, 431900, 215950, 215950, 431900]},
"2020": [207350, 414700, 207350, 207350, 414700],
"2021": [209425, 418850, 209425, 209400, 418850],
"2022": [215950, 431900, 215950, 215950, 431900]},
"II_brk6": {"2019": [510300, 612350, 306175, 510300, 612350],
"2020": [518400, 622050, 518400, 518400, 622050],
"2021": [523600, 628300, 329850, 523600, 628300],
"2022": [539900, 647850, 323925, 539900, 647850]},
"2020": [518400, 622050, 311025, 518400, 622050],
"2021": [523600, 628300, 314150, 523600, 628300],
"2022": [539900, 647850, 323925, 539900, 647850]},
"PT_brk1": {"2019": [9700, 19400, 9700, 13850, 19400],
"2020": [9875, 19750, 9875, 14100, 19750],
"2021": [9950, 19900, 9950, 14200, 19900],
"2022": [10275, 20550, 10275, 14650, 20550]},
"2020": [9875, 19750, 9875, 14100, 19750],
"2021": [9950, 19900, 9950, 14200, 19900],
"2022": [10275, 20550, 10275, 14650, 20550]},
"PT_brk2": {"2019": [39475, 78950, 39475, 52850, 78950],
"2020": [40125, 80250, 40125, 53700, 80250],
"2020": [40125, 80250, 40125, 53700, 80250],
"2021": [40525, 81050, 40525, 54200, 81050],
"2022": [41775, 83550, 41775, 55900, 83550]},
"PT_brk3": {"2019": [84200, 168400, 84200, 84200, 168400],
"2020": [85525, 171050, 85525, 85500, 171050],
"2020": [85525, 171050, 85525, 85500, 171050],
"2021": [86375, 172750, 86375, 86350, 172750],
"2022": [89075, 178150, 89075, 89050, 178150]},
"PT_brk4": {"2019": [160725, 321450, 160725, 160700, 321450],
"2020": [163300, 326600, 163300, 163300, 326600],
"2020": [163300, 326600, 163300, 163300, 326600],
"2021": [164925, 329850, 164925, 164900, 329850],
"2022": [170050, 340100, 170050, 170050, 340100]},
"PT_brk5": {"2019": [204100, 408200, 204100, 204100, 408200],
"2020": [207350, 414700, 207350, 207350, 414700],
"2021": [215950, 431900, 215950, 215950, 431900],
"2020": [207350, 414700, 207350, 207350, 414700],
"2021": [209425, 418850, 209425, 209400, 418850],
"2022": [215950, 431900, 215950, 215950, 431900]},
"PT_brk6": {"2019": [510300, 612350, 306175, 510300, 612350],
"2020": [518400, 622050, 518400, 518400, 622050],
"2021": [539900, 647850, 539900, 539900, 647850],
"2020": [518400, 622050, 311025, 518400, 622050],
"2021": [523600, 628300, 314150, 523600, 628300],
"2022": [539900, 647850, 323925, 539900, 647850]},
"PT_qbid_taxinc_thd": {"2019": [160700, 321400, 160725, 160700, 321400],
"2020": [163300, 326600, 163300, 163300, 326600],
"2021": [164900, 329800, 164900, 164900, 329800],
"2022": [170050, 340100, 170050, 170050, 340100]},
"2020": [163300, 326600, 163300, 163300, 326600],
"2021": [164900, 329800, 164900, 164900, 329800],
"2022": [170050, 340100, 170050, 170050, 340100]},
"STD": {"2019": [12200, 24400, 12200, 18350, 24400],
"2020": [12400, 24800, 12400, 18650, 24800],
"2021": [12550, 25100, 12550, 18800, 25100],
"2022": [12950, 25900, 12950, 19400, 25900]},
"AMT_em": {"2019": [71700, 111700, 55850, 71700, 111700],
"2020": [72900, 113400, 56700, 72900, 113400],
"2021": [73600, 114600, 57300, 73600, 114600],
"2022": [75900, 118100, 59050, 75900, 118100]},
"2020": [72900, 113400, 56700, 72900, 113400],
"2021": [73600, 114600, 57300, 73600, 114600],
"2022": [75900, 118100, 59050, 75900, 118100]},
"AMT_em_ps": {"2019": [510300, 1020600, 510300, 510300, 1020600],
"2020": [518400, 1036800, 518400, 518400, 1036800],
"2021": [523600, 1047200, 523600, 523600, 1047200],
"2022": [539900, 1079800, 539900, 539900, 1079800]},
"2020": [518400, 1036800, 518400, 518400, 1036800],
"2021": [523600, 1047200, 523600, 523600, 1047200],
"2022": [539900, 1079800, 539900, 539900, 1079800]},
"AMT_em_pe": {"2019": 733700,
"2020": 745200,
"2021": 752800,
"2022": 776100},
"2020": 745200,
"2021": 752800,
"2022": 776100},
"ALD_BusinessLosses_c": {
"2019": [255000, 510000, 255000, 255000, 510000],
"2020": [259000, 518000, 259000, 259000, 518000],
"2021": [262000, 524000, 262000, 262000, 524000],
"2022": [270000, 540000, 270000, 270000, 540000]},
"2021": [262000, 524000, 262000, 262000, 524000],
"2022": [270000, 540000, 270000, 270000, 540000]},
"STD_Dep": {"2019": 1100, "2020": 1100, "2021": 1100, "2022": 1150},
"STD_Aged": {"2019": [1650, 1300, 1300, 1650, 1300],
"2020": [1650, 1300, 1300, 1650, 1300],
"2021": [1700, 1350, 1350, 1700, 1350],
"2022": [1750, 1400, 1400, 1750, 1750]},
"2020": [1650, 1300, 1300, 1650, 1300],
"2021": [1700, 1350, 1350, 1700, 1350],
"2022": [1750, 1400, 1400, 1750, 1750]},
"CG_brk1": {"2019": [39375, 78750, 39375, 52750, 78750],
"2020": [40000, 80000, 40000, 53600, 80000],
"2021": [40400, 80800, 40400, 54100, 80800],
Expand All @@ -103,41 +103,41 @@
"2021": [445850, 501600, 250800, 473750, 501600],
"2022": [459750, 517200, 258600, 488500, 517200]},
"AMT_child_em": { "2019": 7750,
"2020": 7900,
"2021": 7950,
"2022": 8200},
"2020": 7900,
"2021": 7950,
"2022": 8200},
"AMT_brk1": {"2019": 194800,
"2020": 197900,
"2021": 199900,
"2022": 206100},
"2020": 197900,
"2021": 199900,
"2022": 206100},
"EITC_c": {"2019": [529, 3526, 5828, 6557],
"2020": [538, 3584, 5920, 6660],
"2021": [1502.0, 3618.0, 5980.0, 6728.0],
"2022": [560, 3733, 6164, 6935]},
"EITC_ps": { "2019": [8650, 19030, 19030, 19030],
"2020": [8790, 19330, 19330, 19330],
"EITC_ps": {"2019": [8650, 19030, 19030, 19030],
"2020": [8790, 19330, 19330, 19330],
"2021": [11610, 19520, 19520, 19520],
"2022": [9160, 20130, 20130, 20130]},
"EITC_ps_MarriedJ": {"2019": [5800, 5790, 5790, 5790],
"2020": [5890, 5890, 5890, 5890],
"2021": [5950, 5950, 5950, 5950],
"2022": [6130, 6130, 6130, 6130]},
"2020": [5890, 5890, 5890, 5890],
"2021": [5950, 5950, 5950, 5950],
"2022": [6130, 6130, 6130, 6130]},
"EITC_InvestIncome_c": {"2019": 3600,
"2020": 3650,
"2021": 10000,
"2022": 10300},
"ETC_pe_Single": {"2019": 68,
"2020": 69,
"2021": 90,
"2022": 80},
"2020": 69,
"2021": 90,
"2022": 80},
"ETC_pe_Married": {"2019": 136,
"2020": 138,
"2021": 180,
"2022": 180},
"2020": 138,
"2021": 180,
"2022": 180},
"ACTC_c": {"2023": 1600,
"2024": 1600,
"2025": 1600,
"2026": 1000},
"FST_AGI_thd_lo": {"2019": [1000000, 1000000, 500000, 1000000, 1000000]},
"FST_AGI_thd_hi": {"2019": [2000000, 2000000, 1000000, 2000000, 2000000]}
}
}
8 changes: 4 additions & 4 deletions taxcalc/tests/cpscsv_agg_expect.csv
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Expand Up @@ -7,18 +7,18 @@ Standard Deduction Filers (#m),124.3,175.3,176.8,176.8,175.0,178.4,182.8,184.7,1
Standard Deduction ($b),1092.1,2949.5,3024.7,3075.5,3066.7,3229.8,3576.6,3750.4,3869.1,1607.9
Personal Exemption ($b),1383.6,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,2077.6
Taxable Income ($b),6230.6,7957.9,8321.4,8617.4,10058.6,10330.4,10934.4,11447.4,12016.4,11787.0
Regular Tax ($b),1108.0,1379.8,1448.8,1505.3,1763.9,1837.0,1932.2,2025.3,2134.4,2341.9
Regular Tax ($b),1108.0,1379.8,1448.8,1505.3,1764.0,1837.0,1932.2,2025.3,2134.4,2341.9
AMT Income ($b),8319.8,10262.0,10680.4,11012.7,12516.1,12879.8,13723.1,14366.8,15032.2,15073.4
AMT Liability ($b),8.1,0.8,0.7,0.6,1.9,1.1,1.1,1.0,1.0,17.4
AMT Filers (#m),2.6,0.2,0.2,0.1,0.3,0.2,0.2,0.2,0.2,4.1
Tax before Credits ($b),1116.0,1380.6,1449.5,1505.8,1765.8,1838.1,1933.2,2026.3,2135.4,2359.2
Tax before Credits ($b),1116.0,1380.6,1449.5,1505.9,1765.9,1838.1,1933.2,2026.3,2135.4,2359.2
Refundable Credits ($b),70.8,102.4,102.7,654.9,827.1,98.5,107.4,109.8,110.0,95.8
Nonrefundable Credits ($b),32.7,97.2,99.1,99.4,0.0,107.7,108.1,109.7,111.6,30.0
Reform Surtaxes ($b),0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0
Other Taxes ($b),5.5,10.7,11.3,12.6,13.9,14.4,16.5,17.6,18.8,19.9
Ind Income Tax ($b),1018.1,1191.6,1259.0,764.2,952.5,1646.2,1734.3,1824.5,1932.6,2253.3
Ind Income Tax ($b),1018.1,1191.6,1259.0,764.2,952.6,1646.2,1734.3,1824.5,1932.6,2253.3
Payroll Taxes ($b),1040.8,1141.6,1194.9,1217.9,1318.7,1421.6,1506.7,1582.0,1656.7,1730.7
Combined Liability ($b),2059.0,2333.2,2453.9,1982.1,2271.2,3067.8,3241.0,3406.4,3589.3,3984.1
Combined Liability ($b),2059.0,2333.2,2453.9,1982.2,2271.3,3067.8,3241.0,3406.4,3589.3,3984.1
With Income Tax <= 0 (#m),88.1,96.2,97.0,135.2,127.7,96.1,98.1,98.8,99.2,97.2
With Combined Tax <= 0 (#m),62.8,65.4,66.4,98.2,97.7,67.9,69.4,70.3,71.1,70.6
UBI Benefits ($b),0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0
Expand Down
8 changes: 4 additions & 4 deletions taxcalc/tests/pufcsv_agg_expect.csv
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Expand Up @@ -7,18 +7,18 @@ Standard Deduction Filers (#m),145.2,174.7,177.1,178.9,179.5,182.7,186.9,189.6,1
Standard Deduction ($b),1239.3,2862.1,2951.5,3034.7,3071.8,3231.2,3571.5,3761.2,3905.1,1851.1
Personal Exemption ($b),1365.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,1955.4
Taxable Income ($b),8112.4,9178.7,9519.8,9908.1,12011.8,11926.8,12679.3,13147.5,13725.9,13382.8
Regular Tax ($b),1656.8,1712.3,1778.1,1862.1,2282.8,2282.6,2416.1,2498.4,2612.2,2795.2
Regular Tax ($b),1656.8,1712.3,1778.1,1862.2,2283.3,2282.6,2416.1,2498.4,2612.2,2795.2
AMT Income ($b),10512.6,11427.4,11835.3,12265.7,14419.0,14452.6,15428.0,16043.9,16734.2,16933.8
AMT Liability ($b),51.3,23.2,24.1,25.1,29.0,28.6,30.0,31.5,33.1,85.4
AMT Filers (#m),5.7,0.6,0.6,0.3,0.7,0.6,0.6,0.6,0.6,7.4
Tax before Credits ($b),1708.1,1735.5,1802.2,1887.2,2311.8,2311.2,2446.1,2529.9,2645.3,2880.6
Tax before Credits ($b),1708.1,1735.5,1802.2,1887.3,2312.3,2311.2,2446.1,2529.9,2645.3,2880.6
Refundable Credits ($b),102.9,117.4,118.5,641.8,802.6,119.2,127.9,131.5,133.3,120.3
Nonrefundable Credits ($b),67.0,127.3,129.2,128.7,47.6,140.8,143.1,144.4,146.3,78.0
Reform Surtaxes ($b),0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0
Other Taxes ($b),40.0,44.8,43.6,52.9,84.9,61.5,66.5,65.2,66.0,64.2
Ind Income Tax ($b),1578.3,1535.5,1598.1,1169.6,1546.4,2112.7,2241.6,2319.3,2431.6,2746.5
Ind Income Tax ($b),1578.3,1535.5,1598.1,1169.7,1546.9,2112.7,2241.6,2319.3,2431.6,2746.5
Payroll Taxes ($b),1083.8,1133.3,1185.4,1209.0,1306.0,1403.4,1489.3,1563.9,1637.9,1711.0
Combined Liability ($b),2662.0,2668.8,2783.5,2378.5,2852.4,3516.2,3730.9,3883.3,4069.5,4457.5
Combined Liability ($b),2662.0,2668.8,2783.5,2378.7,2852.8,3516.2,3730.9,3883.3,4069.5,4457.5
With Income Tax <= 0 (#m),92.8,98.6,99.7,131.4,124.9,100.3,102.1,103.2,104.0,100.8
With Combined Tax <= 0 (#m),63.4,65.6,66.8,102.0,94.5,68.9,70.3,71.4,72.4,72.2
UBI Benefits ($b),0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0
Expand Down
2 changes: 2 additions & 0 deletions taxcalc/tests/test_cpscsv.py
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Original file line number Diff line number Diff line change
Expand Up @@ -14,6 +14,7 @@

import os
import json
import pytest
import numpy as np
import pandas as pd
# pylint: disable=import-error
Expand All @@ -23,6 +24,7 @@
START_YEAR = 2017


@pytest.mark.cpscsv_agg
def test_agg(tests_path, cps_fullsample):
"""
Test current-law aggregate taxes using cps.csv file.
Expand Down
24 changes: 23 additions & 1 deletion taxcalc/tests/test_policy.py
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Original file line number Diff line number Diff line change
Expand Up @@ -1542,4 +1542,26 @@ def test_cpi_offset_does_not_affect_wage_indexed_params(self):
"SS_Earnings_c", year=list(range(2021, 2024 + 1))
)

np.testing.assert_equal(act_before_2025, exp_before_2025)
np.testing.assert_equal(act_before_2025, exp_before_2025)


def test_two_sets_of_tax_brackets():
"""
Test that II_brk? and PT_brk? values are the same under current law.
"""
pol = Policy()
brackets = range(1, 7+1)
years = range(Policy.JSON_START_YEAR, Policy.LAST_KNOWN_YEAR+1)
emsg = ''
for year in years:
pol.set_year(year)
pdata = dict(pol.items())
for bnum in brackets:
ii_val = pdata[f'II_brk{bnum}']
pt_val = pdata[f'PT_brk{bnum}']
if not np.allclose(ii_val, pt_val):
emsg += f'II_brk{bnum} != PT_brk{bnum} for year {year}\n'
emsg += f' II_brk{bnum} is {ii_val}\n'
emsg += f' PT_brk{bnum} is {pt_val}\n'
if emsg:
raise ValueError(emsg)
1 change: 1 addition & 0 deletions taxcalc/tests/test_pufcsv.py
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Original file line number Diff line number Diff line change
Expand Up @@ -27,6 +27,7 @@
START_YEAR = 2017


@pytest.mark.pufcsv_agg
@pytest.mark.requires_pufcsv
def test_agg(tests_path, puf_fullsample):
"""
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1 change: 1 addition & 0 deletions taxcalc/tests/test_reforms.py
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Original file line number Diff line number Diff line change
Expand Up @@ -72,6 +72,7 @@ def test_2017_law_reform(tests_path):
assert act == exp, '{} a={} != e={}'.format(name, act, exp)


@pytest.mark.rtr
@pytest.mark.parametrize('fyear', [2019, 2020, 2021, 2022, 2023])
def test_round_trip_reforms(fyear, tests_path):
"""
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