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Merge pull request #11 from jdebacker/cares_act
Add reform files for the CARES Act and the Consolidated Appropriations Act of 2021
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| Original file line number | Diff line number | Diff line change |
|---|---|---|
| @@ -0,0 +1,37 @@ | ||
| // Title: Coronavirus Aid, Relief, and Economic Security Act | ||
| // Reform_File_Author: Jason DeBacker | ||
| // Reform_Reference: https://www.congress.gov/116/bills/hr748/BILLS-116hr748enr.pdf | ||
| // Reform_Baseline: policy_current_law.json | ||
| // Reform_Description: | ||
| // - Raise ceiling on chartitable deductions for itemizers (1) | ||
| // - Allows an above the line deductions for charitable contributions (2) | ||
| // - Limit charitable deductions for non-itemizers to $300 (3) | ||
| // - Provide recovery rebate credits of $1200 per adult and $500 per child (4) | ||
| // Reform_Parameter_Map: | ||
| // - 1: ID_Charity_crt_all | ||
| // - 2: STD_allow_charity_ded_nonitemizers | ||
| // - 3: STD_charity_ded_nonitemizers_max | ||
| // - 4: RRC_* | ||
| { | ||
| "ID_Charity_crt_all": {"2020": 1.0, "2021": 0.6}, | ||
| "STD_allow_charity_ded_nonitemizers": {"2020": true, "2021": false}, | ||
| "STD_charity_ded_nonitemizers_max": {"2020": 300.0, "2021": 0.0}, | ||
| "RRC_ps": {"2020": [75000, 150000, 75000, 112500,150000], | ||
| "2021": [75000, 150000, 75000, 112500,150000]}, | ||
| "RRC_prt": {"2020": 0.05, "2021": 0}, | ||
| "RRC_c_unit": {"2020": [1200, 2400, 1200, 1200, 1200], | ||
| "2021": [0, 0, 0, 0, 0]}, | ||
| "RRC_c_kids": {"2020": 500, "2021":0} | ||
| } | ||
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| // Provisions not modeled | ||
| // - Temporary waiver of required minimum distribution rules for certain retirement plan accounts | ||
| // - Exclusion of certain employer payments of student loans | ||
| // - Employee retention credit for employers subject to closure due to COVID-19 | ||
| // - Delay of payment of employer payroll taxes | ||
| // - Modifications of net operating losses | ||
| // - Modification of limitation on losses for taxpayers other than corporations | ||
| // - Modification of credit for prior year minimum tax liability of corporations | ||
| // - Modifications of limitation on business interest | ||
| // - Technical amendmentsregardign qualified improvement property | ||
| // - Temporary exception from excise tax for alcohol used to produce hand sanitizer |
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| Original file line number | Diff line number | Diff line change |
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| RECID,c00100,standard,c04800,iitax,payrolltax | ||
| 11.0,30000.0,12387.88,17612.120000000003,716.4668000000004,4590.0 | ||
| 12.0,60000.0,12387.88,47612.12,5069.386800000001,9180.0 | ||
| 13.0,460000.0,12387.88,447612.12,131475.7218,32792.416639999996 | ||
| 21.0,60000.0,24775.76,35224.240000000005,-2567.0663999999992,9180.0 | ||
| 22.0,120000.0,24775.76,95224.24,6138.774600000001,18360.0 | ||
| 23.0,240000.0,24775.76,215224.24,35823.392199999995,36720.0 | ||
| 31.0,30000.0,18632.59,11367.41,-3937.3839880000005,4590.0 | ||
| 32.0,60000.0,18632.59,41367.41,1482.8234000000002,9180.0 | ||
| 33.0,120000.0,18632.59,101367.41,14145.590000000004,18360.0 |
15 changes: 15 additions & 0 deletions
15
psl_examples/taxcalc/ConsolidatedAppropriationsAct2021.json
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| Original file line number | Diff line number | Diff line change |
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| @@ -0,0 +1,15 @@ | ||
| // Title: Consolidated Appropriations ACt, 2021 | ||
| // Reform_File_Author: Jason DeBacker | ||
| // Reform_Reference: https://www.congress.gov/116/plaws/publ260/PLAW-116publ260.pdf | ||
| // Reform_Baseline: policy_current_law.json | ||
| // Reform_Description: | ||
| // - Increases recovery rebate credit amount from the CARES Act by $600 for each eligible person (1) | ||
| // Reform_Parameter_Map: | ||
| // - 1: RRC_* | ||
| { | ||
| "RRC_c_unit": {"2020": [1800, 3600, 1800, 1800, 1800], | ||
| "2021": [0, 0, 0, 0, 0]}, | ||
| "RRC_c_kids": {"2020": 1100, "2021":0} | ||
| } | ||
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10 changes: 10 additions & 0 deletions
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psl_examples/taxcalc/ConsolidatedAppropriationsAct2021.out.csv
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| Original file line number | Diff line number | Diff line change |
|---|---|---|
| @@ -0,0 +1,10 @@ | ||
| RECID,c00100,standard,c04800,iitax,payrolltax | ||
| 11.0,30000.0,12387.88,17612.120000000003,716.4668000000004,4590.0 | ||
| 12.0,60000.0,12387.88,47612.12,5069.386800000001,9180.0 | ||
| 13.0,460000.0,12387.88,447612.12,131475.7218,32792.416639999996 | ||
| 21.0,60000.0,24775.76,35224.240000000005,-2567.0663999999992,9180.0 | ||
| 22.0,120000.0,24775.76,95224.24,6138.774600000001,18360.0 | ||
| 23.0,240000.0,24775.76,215224.24,35823.392199999995,36720.0 | ||
| 31.0,30000.0,18632.59,11367.41,-3937.3839880000005,4590.0 | ||
| 32.0,60000.0,18632.59,41367.41,1482.8234000000002,9180.0 | ||
| 33.0,120000.0,18632.59,101367.41,14145.590000000004,18360.0 |
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