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Policy parameter update with 2018 values #2212

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merged 16 commits into from
Feb 1, 2019
Merged

Policy parameter update with 2018 values #2212

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ccb4743
Form 1040 update
Peter-Metz Jan 18, 2019
0698c12
W-2 param updates
Peter-Metz Jan 25, 2019
fbbfd4f
Form 6251 param update
Peter-Metz Jan 28, 2019
ead3bf4
Form 8863 param update
Peter-Metz Jan 28, 2019
030e1cf
Form 8812 param update
Peter-Metz Jan 28, 2019
9eecc01
run ppp.py
Peter-Metz Jan 28, 2019
e263efa
coding style fix
Peter-Metz Jan 28, 2019
526e249
fix merge conflicts
Peter-Metz Jan 29, 2019
f1a1a0a
Merge branch 'master' into 2018-param
Peter-Metz Jan 30, 2019
8946a84
EITC adjustment
Peter-Metz Jan 30, 2019
eaac2da
policy.py last_known_year update
Peter-Metz Jan 30, 2019
4a15c33
re-run ppp.py for _II_brk6
Peter-Metz Jan 31, 2019
cab1be2
update test_policy.py for 2018
Peter-Metz Feb 1, 2019
71d5763
changes to pass tests
Peter-Metz Feb 1, 2019
782b55f
deduction limitations
Peter-Metz Feb 1, 2019
5deb032
Merge branch 'master' into 2018-param
Peter-Metz Feb 1, 2019
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2 changes: 1 addition & 1 deletion taxcalc/policy.py
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Original file line number Diff line number Diff line change
Expand Up @@ -36,7 +36,7 @@ class instance: Policy

DEFAULTS_FILENAME = 'policy_current_law.json'
JSON_START_YEAR = 2013 # remains the same unless earlier data added
LAST_KNOWN_YEAR = 2017 # last year for which indexed param vals are known
LAST_KNOWN_YEAR = 2018 # last year for which indexed param vals are known
# should increase LAST_KNOWN_YEAR by one every calendar year
LAST_BUDGET_YEAR = 2028 # last extrapolation year
# should increase LAST_BUDGET_YEAR by one every calendar year
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378 changes: 234 additions & 144 deletions taxcalc/policy_current_law.json
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24 changes: 12 additions & 12 deletions taxcalc/tests/cpscsv_agg_expect.txt
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Original file line number Diff line number Diff line change
@@ -1,23 +1,23 @@
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Returns (#m) 149.4 155.1 157.6 160.3 162.9 165.3 167.5 169.8 171.9 174.1
AGI ($b) 8459.1 9641.6 9860.8 10234.4 10772.5 11433.5 12041.5 12604.7 13160.7 13720.0
AGI ($b) 8459.1 9641.6 9860.8 10234.4 10772.5 11433.5 12041.5 12604.7 13160.6 13719.9
Itemizers (#m) 57.6 64.7 66.6 68.3 28.3 29.5 31.2 32.6 33.9 35.0
Itemized Deduction ($b) 1142.1 1323.2 1385.1 1453.1 763.4 807.1 878.5 943.3 1006.1 1069.3
Itemized Deduction ($b) 1142.1 1323.2 1385.1 1453.1 763.2 806.8 878.3 942.8 1005.8 1069.1
Standard Deduction Filers (#m) 91.8 90.4 91.0 91.9 134.6 135.8 136.3 137.1 138.1 139.1
Standard Deduction ($b) 798.1 813.2 818.0 831.7 2313.2 2385.3 2439.3 2507.4 2581.1 2656.3
Standard Deduction ($b) 798.1 813.2 818.0 831.7 2314.6 2386.7 2440.8 2509.1 2582.8 2658.0
Personal Exemption ($b) 1172.4 1231.6 1263.5 1280.7 0.0 0.0 0.0 0.0 0.0 0.0
Taxable Income ($b) 5874.2 6785.2 6923.7 7210.8 8154.2 8715.8 9217.2 9669.4 10111.6 10556.4
Regular Tax ($b) 1109.5 1283.9 1316.6 1365.0 1379.4 1487.9 1592.9 1684.8 1772.3 1858.7
AMT Income ($b) 7814.3 8898.7 9080.7 9412.1 10234.2 10867.1 11424.2 11941.3 12452.2 12966.1
Taxable Income ($b) 5874.2 6785.2 6923.7 7210.8 8153.7 8715.2 9216.5 9668.7 10110.9 10555.6
Regular Tax ($b) 1109.5 1283.9 1316.6 1365.0 1379.4 1487.9 1592.8 1684.7 1772.2 1858.6
AMT Income ($b) 7814.3 8898.7 9080.7 9412.1 10234.3 10867.2 11424.3 11941.6 12452.3 12966.2
AMT Liability ($b) 10.6 13.4 13.8 15.6 1.3 1.4 1.4 1.4 1.4 1.4
AMT Filers (#m) 2.8 3.5 3.7 4.0 0.2 0.3 0.3 0.2 0.3 0.3
Tax before Credits ($b) 1120.1 1297.3 1330.3 1380.7 1380.7 1489.3 1594.3 1686.2 1773.7 1860.1
Refundable Credits ($b) 67.2 68.6 68.8 68.2 79.0 78.5 78.2 78.6 79.8 80.4
Tax before Credits ($b) 1120.1 1297.3 1330.3 1380.7 1380.7 1489.3 1594.2 1686.1 1773.6 1860.0
Refundable Credits ($b) 67.2 68.6 68.8 68.2 78.9 78.4 78.1 78.5 79.7 80.3
Nonrefundable Credits ($b) 26.7 27.0 27.1 27.4 90.1 92.3 94.0 95.4 96.7 97.9
Reform Surtaxes ($b) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Taxes ($b) 6.7 7.8 8.0 8.1 8.6 9.6 10.4 11.2 11.8 12.5
Ind Income Tax ($b) 1032.9 1209.5 1242.4 1293.2 1220.2 1328.1 1432.5 1523.3 1609.0 1694.3
Payroll Taxes ($b) 933.0 1069.6 1096.3 1140.9 1193.6 1260.9 1326.1 1384.6 1441.3 1498.8
Combined Liability ($b) 1965.9 2279.0 2338.8 2434.1 2413.8 2589.0 2758.6 2907.9 3050.3 3193.0
Ind Income Tax ($b) 1032.9 1209.5 1242.4 1293.2 1220.3 1328.1 1432.6 1523.4 1609.1 1694.3
Payroll Taxes ($b) 933.0 1069.6 1096.3 1140.9 1193.6 1262.4 1327.7 1386.2 1443.0 1500.6
Combined Liability ($b) 1965.9 2279.0 2338.8 2434.1 2413.9 2590.5 2760.2 2909.6 3052.1 3194.8
With Income Tax <= 0 (#m) 58.0 54.1 55.2 56.0 59.7 59.9 60.1 60.6 61.2 61.8
With Combined Tax <= 0 (#m) 36.0 34.9 35.7 36.3 38.1 38.5 39.1 39.8 40.5 41.3
With Combined Tax <= 0 (#m) 36.0 34.9 35.7 36.3 38.1 38.5 39.1 39.8 40.5 41.2
6 changes: 3 additions & 3 deletions taxcalc/tests/puf_var_wght_means_by_year.csv
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Expand Up @@ -3,7 +3,7 @@ c00100,Federal AGI, 57146, 61263, 63408, 63387, 65336, 68004, 7090
c02500,OASDI benefits in AGI, 1449, 1557, 1661, 1700, 1755, 1855, 1996, 2153, 2311, 2475, 2649, 2832, 3020, 3214, 3419, 3641
c04470,Post-phase-out itemized deduction, 6614, 6758, 7079, 7277, 7329, 7562, 7824, 8198, 8532, 8877, 9200, 9522, 9830, 10157, 10485, 10850
c04600,Post-phase-out personal exemption, 7299, 7322, 7374, 7427, 7377, 7490, 7642, 7782, 7948, 8125, 8302, 8478, 8653, 8829, 9006, 9186
c04800,Federal regular taxable income, 40086, 44105, 45812, 45596, 47539, 49832, 52207, 53575, 54789, 56126, 57571, 59228, 60951, 62702, 64635, 66646
c04800,Federal regular taxable income, 40086, 44105, 45812, 45596, 47539, 49832, 52207, 53574, 54789, 56126, 57571, 59228, 60951, 62702, 64635, 66646
c05200,Regular tax on taxable income, 8601, 9801, 10188, 10050, 10641, 11243, 11804, 12044, 12258, 12518, 12819, 13183, 13571, 13963, 14407, 14870
c07180,Child care credit, 18, 19, 19, 19, 19, 19, 19, 19, 19, 19, 19, 19, 19, 19, 19, 19
c07220,Child tax credit (adjusted), 174, 170, 166, 162, 158, 153, 148, 144, 139, 135, 131, 128, 124, 120, 117, 113
Expand Down Expand Up @@ -64,7 +64,7 @@ e58990,Investment income elected amount from Form 4952, 15, 16, 1
e62900,Alternative Minimum Tax foreign tax credit from Form 6251, 88, 97, 100, 101, 103, 106, 110, 114, 117, 121, 125, 128, 131, 135, 139, 143
e87521,Total tentative AmOppCredit amount for all students, 193, 197, 204, 207, 210, 217, 225, 234, 242, 249, 256, 264, 271, 278, 286, 295
e87530,Adjusted qualified lifetime learning expenses for all students, 104, 104, 108, 109, 111, 115, 120, 124, 128, 132, 136, 140, 144, 148, 153, 157
eitc,Federal EITC, 412, 408, 405, 398, 394, 394, 394, 395, 399, 404, 410, 415, 420, 425, 429, 434
eitc,Federal EITC, 412, 408, 405, 398, 395, 394, 394, 395, 399, 404, 410, 415, 420, 425, 429, 434
elderly_dependents,number of dependents age 65+ in filing unit excluding taxpayer and spouse, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0
g20500,Itemizable gross (before 10% AGI disregard) casualty or theft loss, 31, 32, 34, 35, 36, 37, 39, 40, 42, 43, 45, 46, 47, 48, 50, 51
iitax,Federal income tax liability, 7359, 8402, 8793, 8758, 9230, 9790, 10339, 10635, 10883, 11163, 11475, 11843, 12231, 12621, 13058, 13514
Expand All @@ -75,6 +75,6 @@ nu13,Number of dependents under 13 years old, 0, 0, 0, 0
p08000,Other tax credits (but not including Sch R credit), 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1
p22250,Sch D: Net short-term capital gains/losses, -135, -193, -197, -176, -227, -253, -265, -258, -251, -253, -256, -260, -267, -276, -288, -294
p23250,Sch D: Net long-term capital gains/losses, 2567, 3591, 3583, 3099, 3948, 4276, 4403, 4160, 4023, 3971, 3972, 4013, 4077, 4152, 4246, 4344
payrolltax,Payroll taxes (ee+er) for OASDI+HI, 5842, 6060, 6250, 6296, 6439, 6628, 6892, 7146, 7358, 7562, 7765, 7979, 8194, 8416, 8648, 8889
payrolltax,Payroll taxes (ee+er) for OASDI+HI, 5842, 6060, 6250, 6296, 6439, 6628, 6901, 7155, 7368, 7572, 7775, 7989, 8204, 8427, 8659, 8901
pencon_p,Contributions to defined-contribution pension plans for taxpayer, 976, 1025, 1063, 1079, 1094, 1132, 1180, 1223, 1258, 1294, 1328, 1365, 1403, 1441, 1482, 1524
pencon_s,Contributions to defined-contribution pension plans for spouse, 430, 448, 464, 469, 477, 494, 513, 531, 546, 560, 574, 590, 605, 620, 637, 654
28 changes: 14 additions & 14 deletions taxcalc/tests/pufcsv_agg_expect.txt
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Original file line number Diff line number Diff line change
@@ -1,23 +1,23 @@
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Returns (#m) 162.2 162.1 164.3 166.9 169.9 172.7 175.2 177.5 179.8 182.0
AGI ($b) 9271.7 9927.9 10415.1 10579.5 11103.3 11825.5 12498.7 13010.5 13501.2 14019.4
AGI ($b) 9271.7 9927.9 10415.1 10579.5 11103.3 11825.5 12498.7 13010.5 13501.1 14019.4
Itemizers (#m) 42.1 42.2 43.4 44.5 45.6 19.8 19.7 20.6 21.2 21.9
Itemized Deduction ($b) 1073.1 1095.1 1162.8 1214.6 1267.2 618.8 628.7 674.6 716.6 760.0
Standard Deduction Filers (#m) 120.1 119.8 120.8 122.3 124.3 152.9 155.5 156.9 158.5 160.0
Standard Deduction ($b) 1031.7 1039.8 1065.1 1078.3 1103.0 2595.7 2702.5 2781.6 2872.4 2965.8
Itemized Deduction ($b) 1073.1 1095.1 1162.8 1214.6 1267.2 618.6 628.3 674.4 716.4 759.7
Standard Deduction Filers (#m) 120.1 119.8 120.8 122.3 124.3 153.0 155.5 156.9 158.5 160.0
Standard Deduction ($b) 1031.7 1039.8 1065.1 1078.3 1103.0 2597.1 2704.2 2783.2 2874.0 2967.6
Personal Exemption ($b) 1184.2 1186.6 1211.2 1239.5 1253.7 0.0 0.0 0.0 0.0 0.0
Taxable Income ($b) 6503.9 7147.4 7524.8 7610.2 8063.5 9051.8 9628.5 10026.7 10400.3 10798.2
Regular Tax ($b) 1301.8 1457.7 1536.8 1554.6 1652.3 1689.3 1804.4 1878.6 1946.6 2020.7
AMT Income ($b) 8771.5 9427.3 9882.8 10021.5 10515.6 11418.9 12087.6 12568.5 13030.3 13518.5
AMT Liability ($b) 38.5 41.0 43.9 45.7 47.5 23.6 25.1 26.6 27.8 28.9
Taxable Income ($b) 6503.9 7147.4 7524.8 7610.2 8063.5 9051.2 9627.8 10025.9 10399.4 10797.3
Regular Tax ($b) 1301.8 1457.7 1536.8 1554.6 1652.3 1689.2 1804.4 1878.5 1946.5 2020.6
AMT Income ($b) 8771.5 9427.3 9882.8 10021.5 10515.6 11417.9 12086.6 12567.4 13029.1 13517.3
AMT Liability ($b) 38.5 41.0 43.9 45.7 47.5 23.5 24.9 26.4 27.7 28.8
AMT Filers (#m) 4.1 4.5 4.8 4.9 5.2 0.8 0.8 0.8 0.8 0.8
Tax before Credits ($b) 1340.3 1498.7 1580.6 1600.3 1699.8 1712.9 1829.5 1905.2 1974.4 2049.6
Refundable Credits ($b) 105.6 104.1 104.3 104.5 105.1 120.3 121.2 122.0 123.7 126.6
Nonrefundable Credits ($b) 67.0 66.9 67.4 67.2 68.4 127.4 130.3 131.9 133.1 134.8
Tax before Credits ($b) 1340.3 1498.7 1580.6 1600.3 1699.8 1712.8 1829.3 1905.0 1974.2 2049.4
Refundable Credits ($b) 105.6 104.1 104.3 104.5 105.1 120.2 121.1 121.9 123.6 126.5
Nonrefundable Credits ($b) 67.0 66.9 67.4 67.2 68.4 127.3 130.3 131.8 133.1 134.8
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) 26.2 33.9 35.5 33.1 39.4 44.2 46.9 46.7 47.1 48.0
Ind Income Tax ($b) 1194.0 1361.6 1444.3 1461.7 1565.8 1509.4 1624.9 1698.0 1764.7 1836.3
Payroll Taxes ($b) 947.8 982.0 1026.6 1050.9 1094.3 1144.8 1207.7 1268.5 1322.9 1376.3
Combined Liability ($b) 2141.8 2343.6 2470.9 2512.6 2660.0 2654.3 2832.6 2966.5 3087.6 3212.5
Ind Income Tax ($b) 1194.0 1361.6 1444.3 1461.7 1565.8 1509.4 1624.8 1697.9 1764.6 1836.1
Payroll Taxes ($b) 947.8 982.0 1026.6 1050.9 1094.3 1144.8 1209.3 1270.1 1324.6 1378.0
Combined Liability ($b) 2141.8 2343.6 2470.9 2512.6 2660.0 2654.2 2834.1 2968.0 3089.2 3214.2
With Income Tax <= 0 (#m) 68.9 68.4 68.3 69.4 70.1 76.9 76.9 77.1 77.5 78.0
With Combined Tax <= 0 (#m) 39.5 39.8 39.9 40.6 41.3 43.3 43.6 44.0 44.4 45.0
2 changes: 1 addition & 1 deletion taxcalc/tests/reforms_expect.csv
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Expand Up @@ -56,7 +56,7 @@ rid,res1,res2,res3,res4
55,85.4,89.8,95.8,101.9
56,-16.8,-16.8,-16.7,-16.6
57,-16.8,-16.8,-16.7,-16.6
58,0.0,-30.3,-33.3,-38.2
58,0.0,-30.2,-33.2,-38.1
59,-14.5,-16.0,-16.6,-16.1
60,-16.0,-17.6,-18.3,-17.8
61,-64.6,-65.0,-65.4,-65.6
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