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Add AMT #344

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merged 11 commits into from
Dec 28, 2021
Merged

Add AMT #344

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6db54b5
Complete AMT
nikhilwoodruff Nov 29, 2021
cc37e65
Add suggested changes
nikhilwoodruff Nov 29, 2021
dbf28a0
Add missing unit
nikhilwoodruff Nov 29, 2021
d129b39
Merge branch 'master' into amt
nikhilwoodruff Dec 7, 2021
976902c
Add script to generate taxcalc test cases
nikhilwoodruff Dec 7, 2021
1c7971e
Add test, incl failing test
nikhilwoodruff Dec 7, 2021
79007ac
Add taxcalc utilities and AMT unit tests
nikhilwoodruff Dec 28, 2021
b289227
Remove incorrect test
nikhilwoodruff Dec 28, 2021
d129fa9
Merge branch 'master' of https://github.com/policyengine/openfisca-us…
nikhilwoodruff Dec 28, 2021
922100f
Remove old scripts
nikhilwoodruff Dec 28, 2021
a56874a
Update changelog and version
nikhilwoodruff Dec 28, 2021
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1 change: 0 additions & 1 deletion .gitignore
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Expand Up @@ -30,5 +30,4 @@ dist
.coverage
**/*.xml
taxcalc_output

.vscode/settings.json
5 changes: 5 additions & 0 deletions CHANGELOG.md
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Expand Up @@ -20,3 +20,8 @@
### 0.5.0

* Added Medicaid Tests + Income Threshold Formula for California

### 0.6.0

* Added Alternative Minimum Tax (AMT) income and liability logic
* Added development tools for auto-generating unit tests for Tax-Calculator functions
23 changes: 23 additions & 0 deletions openfisca_us/parameters/irs/income/amt/brackets.yaml
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rates:
metadata:
unit: /1
1:
values:
2013-01-01: 0.26
2:
values:
2013-01-01: 0.02
thresholds:
description: AMT brackets (upper thresholds)
metadata:
unit: currency-USD
period: year
1:
values:
2013-01-01: 179_500.0
2014-01-01: 182_500.0
2015-01-01: 185_400.0
2016-01-01: 186_300.0
2017-01-01: 187_800.0
2018-01-01: 191_100.0
2019-01-01: 194_800.0
106 changes: 106 additions & 0 deletions openfisca_us/parameters/irs/income/amt/capital_gains/brackets.yaml
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rates:
description: Long term capital gain and qualified dividends (AMT) rates
metadata:
unit: /1
1:
2013-01-01: 0.0
2:
2013-01-01: 0.15
3:
2013-01-01: 0.2
thresholds:
description: Tops of long-term capital gains and qualified dividends (AMT) tax brackets
metadata:
unit: currency-USD
1:
HEAD_OF_HOUSEHOLD:
values:
2013-01-01: 48_600.0
2014-01-01: 49_400.0
2015-01-01: 50_200.0
2016-01-01: 50_400.0
2017-01-01: 50_800.0
2018-01-01: 51_700.0
2019-01-01: 52_750.0
JOINT:
values:
2013-01-01: 72_500.0
2014-01-01: 73_800.0
2015-01-01: 74_900.0
2016-01-01: 75_300.0
2017-01-01: 75_900.0
2018-01-01: 77_200.0
2019-01-01: 78_750.0
SEPARATE:
values:
2013-01-01: 36_250.0
2014-01-01: 36_900.0
2015-01-01: 37_450.0
2016-01-01: 37_650.0
2017-01-01: 37_950.0
2018-01-01: 38_600.0
2019-01-01: 39_375.0
SINGLE:
values:
2013-01-01: 36_250.0
2014-01-01: 36_900.0
2015-01-01: 37_450.0
2016-01-01: 37_650.0
2017-01-01: 37_950.0
2018-01-01: 38_600.0
2019-01-01: 39_375.0
WIDOW:
values:
2013-01-01: 72_500.0
2014-01-01: 73_800.0
2015-01-01: 74_900.0
2016-01-01: 75_300.0
2017-01-01: 75_900.0
2018-01-01: 77_200.0
2019-01-01: 78_750.0
2:
HEAD_OF_HOUSEHOLD:
values:
2013-01-01: 425_000.0
2014-01-01: 432_200.0
2015-01-01: 439_000.0
2016-01-01: 441_000.0
2017-01-01: 444_550.0
2018-01-01: 452_400.0
2019-01-01: 461_700.0
JOINT:
values:
2013-01-01: 450_000.0
2014-01-01: 457_600.0
2015-01-01: 464_850.0
2016-01-01: 466_950.0
2017-01-01: 470_700.0
2018-01-01: 479_000.0
2019-01-01: 488_850.0
SEPARATE:
values:
2013-01-01: 225_000.0
2014-01-01: 228_800.0
2015-01-01: 232_425.0
2016-01-01: 233_475.0
2017-01-01: 235_350.0
2018-01-01: 239_500.0
2019-01-01: 244_425.0
SINGLE:
values:
2013-01-01: 400_000.0
2014-01-01: 406_750.0
2015-01-01: 413_200.0
2016-01-01: 415_050.0
2017-01-01: 418_400.0
2018-01-01: 425_800.0
2019-01-01: 434_550.0
WIDOW:
values:
2013-01-01: 450_000.0
2014-01-01: 457_600.0
2015-01-01: 464_850.0
2016-01-01: 466_950.0
2017-01-01: 470_700.0
2018-01-01: 479_000.0
2019-01-01: 488_850.0
54 changes: 54 additions & 0 deletions openfisca_us/parameters/irs/income/amt/exemption/amount.yaml
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description: AMT exemption amount
metadata:
unit: currency-USD
period: year
HEAD_OF_HOUSEHOLD:
values:
2013-01-01: 51_900.0
2014-01-01: 52_800.0
2015-01-01: 53_600.0
2016-01-01: 53_900.0
2017-01-01: 54_300.0
2018-01-01: 70_300.0
2019-01-01: 71_700.0
2026-01-01: 62_898.0
JOINT:
values:
2013-01-01: 80_800.0
2014-01-01: 82_100.0
2015-01-01: 83_400.0
2016-01-01: 83_800.0
2017-01-01: 84_500.0
2018-01-01: 109_400.0
2019-01-01: 111_700.0
2026-01-01: 97_880.0
SEPARATE:
values:
2013-01-01: 40_400.0
2014-01-01: 41_050.0
2015-01-01: 41_700.0
2016-01-01: 41_900.0
2017-01-01: 42_250.0
2018-01-01: 54_700.0
2019-01-01: 55_850.0
2026-01-01: 48_940.0
SINGLE:
values:
2013-01-01: 51_900.0
2014-01-01: 52_800.0
2015-01-01: 53_600.0
2016-01-01: 53_900.0
2017-01-01: 54_300.0
2018-01-01: 70_300.0
2019-01-01: 71_700.0
2026-01-01: 62_898.0
WIDOW:
values:
2013-01-01: 80_800.0
2014-01-01: 82_100.0
2015-01-01: 83_400.0
2016-01-01: 83_800.0
2017-01-01: 84_500.0
2018-01-01: 10_9400.0
2019-01-01: 111_700.0
2026-01-01: 97_880.0
11 changes: 11 additions & 0 deletions openfisca_us/parameters/irs/income/amt/exemption/child/amount.yaml
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description: Child AMT exemption additional income base
metadata:
unit: currency-USD
values:
2013-01-01: 7_150.0
2014-01-01: 7_250.0
2015-01-01: 7_400.0
2016-01-01: 7_400.0
2017-01-01: 7_500.0
2018-01-01: 7_600.0
2019-01-01: 0.0
5 changes: 5 additions & 0 deletions openfisca_us/parameters/irs/income/amt/exemption/child/max_age.yaml
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description: Age ceiling for special AMT exemption
metadata:
unit: year
values:
2013-01-01: 18.0
5 changes: 5 additions & 0 deletions openfisca_us/parameters/irs/income/amt/exemption/phaseout/rate.yaml
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description: AMT exemption phaseout rate
metadata:
unit: currency-USD
values:
2013-01-01: 0.25
54 changes: 54 additions & 0 deletions openfisca_us/parameters/irs/income/amt/exemption/phaseout/start.yaml
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description: AMT exemption phaseout start
metadata:
unit: currency-USD
period: year
HEAD_OF_HOUSEHOLD:
values:
2013-01-01: 115_400.0
2014-01-01: 117_300.0
2015-01-01: 119_200.0
2016-01-01: 119_700.0
2017-01-01: 120_700.0
2018-01-01: 500_000.0
2019-01-01: 510_300.0
2026-01-01: 139_812.0
JOINT:
values:
2013-01-01: 153_900.0
2014-01-01: 156_500.0
2015-01-01: 158_900.0
2016-01-01: 159_700.0
2017-01-01: 160_900.0
2018-01-01: 1_000_000.0
2019-01-01: 1_020_600.0
2026-01-01: 186_378.0
SEPARATE:
values:
2013-01-01: 76_950.0
2014-01-01: 78_250.0
2015-01-01: 79_450.0
2016-01-01: 79_850.0
2017-01-01: 80_450.0
2018-01-01: 500_000.0
2019-01-01: 510_300.0
2026-01-01: 93_189.0
SINGLE:
values:
2013-01-01: 115_400.0
2014-01-01: 117_300.0
2015-01-01: 119_200.0
2016-01-01: 119_700.0
2017-01-01: 120_700.0
2018-01-01: 500_000.0
2019-01-01: 510_300.0
2026-01-01: 139_812.0
WIDOW:
values:
2013-01-01: 153_900.0
2014-01-01: 156_500.0
2015-01-01: 158_900.0
2016-01-01: 159_700.0
2017-01-01: 160_900.0
2018-01-01: 1_000_000.0
2019-01-01: 1_020_600.0
2026-01-01: 186_378.0
12 changes: 12 additions & 0 deletions openfisca_us/parameters/irs/income/amt/exemption/separate_limit.yaml
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description: AMT exemption phaseout ending AMT taxable income for Married filing Separately. The AMT exemption is entirely disallowed beyond this AMT taxable income level for individuals who are married but filing separately.
metadata:
unit: currency-USD
values:
2013-01-01: 238_550.0
2014-01-01: 242_450.0
2015-01-01: 246_250.0
2016-01-01: 247_450.0
2017-01-01: 249_450.0
2018-01-01: 718_800.0
2019-01-01: 733_700.0
2026-01-01: 288_949.0
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