Merge pull request PSLmodels#2783 from martinholmer/fix-2020-PT_rt-pa…

…rams Fix four 2020 PT_rt? parameter values
jdebacker · Jul 27, 2024 · 0b775e5 · 0b775e5
2 parents b41af53 + 6f9d8f4
commit 0b775e5
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Showing 5 changed files with 35 additions and 43 deletions.
diff --git a/taxcalc/policy_current_law.json b/taxcalc/policy_current_law.json
@@ -12047,7 +12047,7 @@
             },
             {
                 "year": 2020,
-                "value": 0.15
+                "value": 0.12
             },
             {
                 "year": 2021,
@@ -12410,7 +12410,7 @@
             },
             {
                 "year": 2020,
-                "value": 0.25
+                "value": 0.22
             },
             {
                 "year": 2021,
@@ -12773,7 +12773,7 @@
             },
             {
                 "year": 2020,
-                "value": 0.28
+                "value": 0.24
             },
             {
                 "year": 2021,
@@ -13862,7 +13862,7 @@
             },
             {
                 "year": 2020,
-                "value": 0.396
+                "value": 0.37
             },
             {
                 "year": 2021,

diff --git a/taxcalc/records_variables.json b/taxcalc/records_variables.json
@@ -823,7 +823,7 @@
     },
     "c05200": {
       "type": "float",
-      "desc": "Tax amount from Sch X,Y,X tables",
+      "desc": "Tax amount from Sch X,Y,Z tables",
       "form": {"2013-20??": "calculated variable"}
     },
     "c05700": {

diff --git a/taxcalc/reforms/TCJA.json b/taxcalc/reforms/TCJA.json
@@ -54,24 +54,16 @@
     "PT_rt1": {"2018": 0.10,
                "2026": 0.10},
     "PT_rt2": {"2018": 0.12,
-               "2020": 0.15,
-               "2021": 0.12,
                "2026": 0.15},
     "PT_rt3": {"2018": 0.22,
-               "2020": 0.25,
-               "2021": 0.22,
                "2026": 0.25},
     "PT_rt4": {"2018": 0.24,
-               "2020": 0.28,
-               "2021": 0.24,
                "2026": 0.28},
     "PT_rt5": {"2018": 0.32,
                "2026": 0.33},
     "PT_rt6": {"2018": 0.35,
                "2026": 0.35},
     "PT_rt7": {"2018": 0.37,
-               "2020": 0.396,
-               "2021": 0.37,
                "2026": 0.396},
     "PT_brk1": {"2018": [9525, 19050, 9525, 13600, 19050],
                 "2026": [11242, 22484, 11242, 16094, 22484]},

diff --git a/taxcalc/tests/cpscsv_agg_expect.csv b/taxcalc/tests/cpscsv_agg_expect.csv
@@ -2,24 +2,24 @@
 Returns (#m),187.1,199.2,201.9,204.5,207.1,209.7,212.3,214.9,217.5,220.1
 AGI ($b),9087.6,10714.8,11167.0,11573.2,13174.9,13543.8,14390.3,15077.5,15785.3,16457.7
 Itemizers (#m),62.8,24.0,25.1,27.5,31.2,31.2,29.8,29.4,30.4,81.1
-Itemized Deduction ($b),1218.6,613.4,656.3,745.5,863.7,883.2,888.9,915.0,964.2,2180.7
-Standard Deduction Filers (#m),124.3,175.3,176.8,176.9,175.7,178.4,182.4,185.4,187.1,139.1
-Standard Deduction ($b),1092.1,2949.5,3024.6,3080.6,3090.6,3229.8,3547.8,3805.0,3936.4,1613.3
+Itemized Deduction ($b),1218.6,613.4,656.3,746.7,863.7,883.2,888.9,915.0,964.2,2180.7
+Standard Deduction Filers (#m),124.3,175.3,176.8,176.8,175.7,178.4,182.4,185.4,187.1,139.1
+Standard Deduction ($b),1092.1,2949.5,3024.6,3079.1,3090.6,3229.8,3547.8,3805.0,3936.4,1613.3
 Personal Exemption ($b),1383.6,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,2081.6
-Taxable Income ($b),6230.6,7957.8,8321.4,8613.7,10048.2,10330.4,10946.5,11424.4,11988.0,11782.5
-Regular Tax ($b),1108.0,1379.8,1448.8,1504.8,1762.5,1837.0,1937.1,2016.1,2122.9,2339.6
-AMT Income ($b),8319.8,10261.9,10680.3,11017.5,12528.9,12879.7,13716.5,14379.0,15047.4,15074.1
-AMT Liability ($b),8.1,0.8,0.7,0.6,1.9,1.1,1.1,1.0,1.0,17.2
-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 ($b),1116.0,1380.6,1449.5,1505.4,1764.4,1838.1,1938.2,2017.1,2123.8,2356.8
-Refundable Credits ($b),70.8,102.5,102.7,654.9,827.1,98.5,106.4,111.6,112.1,97.7
-Nonrefundable Credits ($b),32.7,97.2,99.1,99.3,0.0,107.7,108.3,109.3,111.2,29.9
+Taxable Income ($b),6230.6,7957.8,8321.4,8613.9,10048.2,10330.4,10946.5,11424.4,11988.0,11782.5
+Regular Tax ($b),1108.0,1379.8,1448.8,1497.1,1762.5,1837.0,1937.1,2016.1,2122.9,2339.6
+AMT Income ($b),8319.8,10261.9,10680.3,11016.8,12528.9,12879.7,13716.5,14379.0,15047.4,15074.1
+AMT Liability ($b),8.1,0.8,0.7,0.9,1.9,1.1,1.1,1.0,1.0,17.2
+AMT Filers (#m),2.6,0.2,0.2,0.2,0.3,0.2,0.2,0.2,0.2,4.1
+Tax before Credits ($b),1116.0,1380.6,1449.5,1498.0,1764.4,1838.1,1938.2,2017.1,2123.8,2356.8
+Refundable Credits ($b),70.8,102.5,102.7,655.0,827.1,98.5,106.4,111.6,112.1,97.7
+Nonrefundable Credits ($b),32.7,97.2,99.1,99.2,0.0,107.7,108.3,109.3,111.2,29.9
 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),5.5,10.7,11.3,12.6,13.9,14.4,16.5,17.6,18.8,19.9
-Ind Income Tax ($b),1018.1,1191.5,1259.0,763.7,951.1,1646.2,1740.0,1813.7,1919.2,2249.0
+Ind Income Tax ($b),1018.1,1191.5,1259.0,756.4,951.1,1646.2,1740.0,1813.7,1919.2,2249.0
 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),2059.0,2333.1,2453.9,1981.7,2269.8,3067.8,3246.7,3395.7,3575.9,3979.7
-With Income Tax <= 0 (#m),88.1,96.2,97.0,135.2,127.8,96.1,97.9,99.2,99.6,97.4
+Combined Liability ($b),2059.0,2333.1,2453.9,1974.3,2269.8,3067.8,3246.7,3395.7,3575.9,3979.7
+With Income Tax <= 0 (#m),88.1,96.2,97.0,135.4,127.8,96.1,97.9,99.2,99.6,97.4
 With Combined Tax <= 0 (#m),62.8,65.4,66.4,98.2,97.7,67.9,69.3,70.5,71.3,70.7
 UBI Benefits ($b),0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0
 "Total Benefits, Consumption Value ($b)",2790.7,3225.5,3429.9,3617.0,3993.0,4069.6,4390.5,4696.3,4983.2,5266.5

diff --git a/taxcalc/tests/pufcsv_agg_expect.csv b/taxcalc/tests/pufcsv_agg_expect.csv
@@ -1,26 +1,26 @@
 ,2017,2018,2019,2020,2021,2022,2023,2024,2025,2026
 Returns (#m),190.9,194.3,197.3,200.1,202.9,205.6,208.4,211.2,214.0,216.8
 AGI ($b),11078.7,11816.6,12247.2,12722.3,14930.0,14973.9,15955.0,16597.5,17310.2,17852.5
-Itemizers (#m),45.7,19.5,20.1,21.0,22.7,22.9,21.7,21.2,21.3,51.9
-Itemized Deduction ($b),1274.3,605.3,636.4,692.6,764.2,784.9,789.0,808.3,834.6,2047.9
-Standard Deduction Filers (#m),145.2,174.7,177.1,178.5,179.5,182.7,186.7,189.9,192.6,164.8
-Standard Deduction ($b),1239.3,2862.1,2951.5,3025.6,3078.3,3231.2,3546.7,3807.7,3963.4,1856.2
+Itemizers (#m),45.7,19.5,20.1,21.1,22.7,22.9,21.7,21.2,21.3,51.9
+Itemized Deduction ($b),1274.3,605.3,636.4,694.6,764.2,784.9,789.0,808.3,834.6,2047.9
+Standard Deduction Filers (#m),145.2,174.7,177.1,178.4,179.5,182.7,186.7,189.9,192.6,164.8
+Standard Deduction ($b),1239.3,2862.1,2951.5,3023.0,3078.3,3231.2,3546.7,3807.7,3963.4,1856.2
 Personal Exemption ($b),1365.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,1959.2
-Taxable Income ($b),8112.2,9178.5,9519.7,9905.7,12002.2,11926.7,12691.5,13123.9,13696.5,13377.8
-Regular Tax ($b),1656.8,1712.2,1778.1,1861.7,2281.4,2282.6,2421.6,2488.0,2599.1,2792.6
-AMT Income ($b),10512.4,11427.2,11835.2,12266.2,14423.4,14452.5,15424.7,16049.3,16741.5,16934.0
-AMT Liability ($b),51.3,23.2,24.1,25.1,29.0,28.6,30.0,31.5,33.0,85.1
-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 ($b),1708.1,1735.4,1802.2,1886.8,2310.4,2311.2,2451.6,2519.4,2632.1,2877.6
-Refundable Credits ($b),102.9,117.5,118.5,641.8,802.6,119.2,127.1,133.0,135.2,121.9
-Nonrefundable Credits ($b),67.0,127.3,129.2,128.7,47.6,140.8,143.3,144.0,145.9,78.0
+Taxable Income ($b),8112.2,9178.5,9519.7,9906.4,12002.2,11926.7,12691.5,13123.9,13696.5,13377.8
+Regular Tax ($b),1656.8,1712.2,1778.1,1838.2,2281.4,2282.6,2421.6,2488.0,2599.1,2792.6
+AMT Income ($b),10512.4,11427.2,11835.2,12265.2,14423.4,14452.5,15424.7,16049.3,16741.5,16934.0
+AMT Liability ($b),51.3,23.2,24.1,26.2,29.0,28.6,30.0,31.5,33.0,85.1
+AMT Filers (#m),5.7,0.6,0.6,0.6,0.7,0.6,0.6,0.6,0.6,7.4
+Tax before Credits ($b),1708.1,1735.4,1802.2,1864.4,2310.4,2311.2,2451.6,2519.4,2632.1,2877.6
+Refundable Credits ($b),102.9,117.5,118.5,642.0,802.6,119.2,127.1,133.0,135.2,121.9
+Nonrefundable Credits ($b),67.0,127.3,129.2,128.5,47.6,140.8,143.3,144.0,145.9,78.0
 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 ($b),1578.2,1535.4,1598.1,1169.2,1545.0,2112.7,2247.8,2307.6,2417.0,2742.0
+Ind Income Tax ($b),1578.2,1535.4,1598.1,1146.8,1545.0,2112.7,2247.8,2307.6,2417.0,2742.0
 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),2662.0,2668.7,2783.5,2378.2,2851.0,3516.1,3737.1,3871.6,4054.9,4452.9
-With Income Tax <= 0 (#m),92.8,98.6,99.7,131.5,125.0,100.3,101.9,103.4,104.4,101.0
-With Combined Tax <= 0 (#m),63.4,65.6,66.8,102.0,94.5,68.9,70.2,71.6,72.6,72.4
+Combined Liability ($b),2662.0,2668.7,2783.5,2355.8,2851.0,3516.1,3737.1,3871.6,4054.9,4452.9
+With Income Tax <= 0 (#m),92.8,98.6,99.7,131.7,125.0,100.3,101.9,103.4,104.4,101.0
+With Combined Tax <= 0 (#m),63.4,65.6,66.8,102.1,94.5,68.9,70.2,71.6,72.6,72.4
 UBI Benefits ($b),0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0
 "Total Benefits, Consumption Value ($b)",1052.3,1104.9,1175.3,1243.9,1476.4,1411.5,1569.5,1707.8,1818.1,1924.4
 Total Benefits Cost ($b),1052.3,1104.9,1175.3,1243.9,1476.4,1411.5,1569.5,1707.8,1818.1,1924.4