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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
2 parents 45d0221 + 8f66d2d commit e54f6e6

6 files changed

+236
-8
lines changed

‎psl_examples/taxcalc/ARPA.json

+5-5
Original file line numberDiff line numberDiff line change
@@ -1,5 +1,5 @@
11
// Title: American Rescue Plan Act
2-
// Reform_File_Author:
2+
// Reform_File_Author:
33
// Reform_Reference: https://www.congress.gov/117/bills/hr1319/BILLS-117hr1319enr.pdf
44
// Reform_Baseline: policy_current_law.json
55
// Reform_Description:
@@ -41,17 +41,17 @@
4141
"2022": [0, 0, 0, 0, 0]},
4242
"CTC_new_prt": {"2021": 0.05,
4343
"2022": 0},
44-
"EITC_c": {"2021": [1502.46, 3606.44, 5960.95, 6706.58],
45-
"2022": [546.21, 3640.7, 6017.58, 6770.29]},
44+
"EITC_c": {"2021": [1502, 3618, 5980, 6728],
45+
"2022": [560, 3733, 6064, 6935]},
4646
"EITC_rt": {"2021": [0.153, 0.34, 0.4, 0.45],
4747
"2022": [0.0765, 0.34, 0.4, 0.45]},
4848
"EITC_ps": {"2021": [11610, 19464.12, 19464.12, 19464.12],
49-
"2022": [8931.38, 19649.03, 19649.03, 19649.03]},
49+
"2022": [9160, 20130, 20130, 20130]},
5050
"EITC_MinEligAge": {"2021": 19,
5151
"2022": 25},
5252
"EITC_MaxEligAge": {"2021": 125,
5353
"2022": 64},
54-
"EITC_InvestIncome_c": {"2021": 10000},
54+
"EITC_InvestIncome_c": {"2021": 10000, "2022": 10300},
5555
"EITC_sep_filers_elig": {"2021": true},
5656
"CDCC_c": {"2021": 8000,
5757
"2022": 3000},

‎psl_examples/taxcalc/CARES.json

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@@ -0,0 +1,37 @@
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// Title: Coronavirus Aid, Relief, and Economic Security Act
2+
// Reform_File_Author: Jason DeBacker
3+
// Reform_Reference: https://www.congress.gov/116/bills/hr748/BILLS-116hr748enr.pdf
4+
// Reform_Baseline: policy_current_law.json
5+
// Reform_Description:
6+
// - Raise ceiling on chartitable deductions for itemizers (1)
7+
// - Allows an above the line deductions for charitable contributions (2)
8+
// - Limit charitable deductions for non-itemizers to $300 (3)
9+
// - Provide recovery rebate credits of $1200 per adult and $500 per child (4)
10+
// Reform_Parameter_Map:
11+
// - 1: ID_Charity_crt_all
12+
// - 2: STD_allow_charity_ded_nonitemizers
13+
// - 3: STD_charity_ded_nonitemizers_max
14+
// - 4: RRC_*
15+
{
16+
"ID_Charity_crt_all": {"2020": 1.0, "2021": 0.6},
17+
"STD_allow_charity_ded_nonitemizers": {"2020": true, "2021": false},
18+
"STD_charity_ded_nonitemizers_max": {"2020": 300.0, "2021": 0.0},
19+
"RRC_ps": {"2020": [75000, 150000, 75000, 112500,150000],
20+
"2021": [75000, 150000, 75000, 112500,150000]},
21+
"RRC_prt": {"2020": 0.05, "2021": 0},
22+
"RRC_c_unit": {"2020": [1200, 2400, 1200, 1200, 1200],
23+
"2021": [0, 0, 0, 0, 0]},
24+
"RRC_c_kids": {"2020": 500, "2021":0}
25+
}
26+
27+
// Provisions not modeled
28+
// - Temporary waiver of required minimum distribution rules for certain retirement plan accounts
29+
// - Exclusion of certain employer payments of student loans
30+
// - Employee retention credit for employers subject to closure due to COVID-19
31+
// - Delay of payment of employer payroll taxes
32+
// - Modifications of net operating losses
33+
// - Modification of limitation on losses for taxpayers other than corporations
34+
// - Modification of credit for prior year minimum tax liability of corporations
35+
// - Modifications of limitation on business interest
36+
// - Technical amendmentsregardign qualified improvement property
37+
// - Temporary exception from excise tax for alcohol used to produce hand sanitizer

‎psl_examples/taxcalc/CARES.out.csv

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RECID,c00100,standard,c04800,iitax,payrolltax
2+
11.0,30000.0,12387.88,17612.120000000003,716.4668000000004,4590.0
3+
12.0,60000.0,12387.88,47612.12,5069.386800000001,9180.0
4+
13.0,460000.0,12387.88,447612.12,131475.7218,32792.416639999996
5+
21.0,60000.0,24775.76,35224.240000000005,-2567.0663999999992,9180.0
6+
22.0,120000.0,24775.76,95224.24,6138.774600000001,18360.0
7+
23.0,240000.0,24775.76,215224.24,35823.392199999995,36720.0
8+
31.0,30000.0,18632.59,11367.41,-3937.3839880000005,4590.0
9+
32.0,60000.0,18632.59,41367.41,1482.8234000000002,9180.0
10+
33.0,120000.0,18632.59,101367.41,14145.590000000004,18360.0

‎psl_examples/taxcalc/ConsolidatedAppropriationsAct2021.json

+15
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// Title: Consolidated Appropriations ACt, 2021
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// Reform_File_Author: Jason DeBacker
3+
// Reform_Reference: https://www.congress.gov/116/plaws/publ260/PLAW-116publ260.pdf
4+
// Reform_Baseline: policy_current_law.json
5+
// Reform_Description:
6+
// - Increases recovery rebate credit amount from the CARES Act by $600 for each eligible person (1)
7+
// Reform_Parameter_Map:
8+
// - 1: RRC_*
9+
{
10+
"RRC_c_unit": {"2020": [1800, 3600, 1800, 1800, 1800],
11+
"2021": [0, 0, 0, 0, 0]},
12+
"RRC_c_kids": {"2020": 1100, "2021":0}
13+
}
14+
15+

‎psl_examples/taxcalc/ConsolidatedAppropriationsAct2021.out.csv

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RECID,c00100,standard,c04800,iitax,payrolltax
2+
11.0,30000.0,12387.88,17612.120000000003,716.4668000000004,4590.0
3+
12.0,60000.0,12387.88,47612.12,5069.386800000001,9180.0
4+
13.0,460000.0,12387.88,447612.12,131475.7218,32792.416639999996
5+
21.0,60000.0,24775.76,35224.240000000005,-2567.0663999999992,9180.0
6+
22.0,120000.0,24775.76,95224.24,6138.774600000001,18360.0
7+
23.0,240000.0,24775.76,215224.24,35823.392199999995,36720.0
8+
31.0,30000.0,18632.59,11367.41,-3937.3839880000005,4590.0
9+
32.0,60000.0,18632.59,41367.41,1482.8234000000002,9180.0
10+
33.0,120000.0,18632.59,101367.41,14145.590000000004,18360.0

‎psl_examples/taxcalc/TCJA.json

+159-3
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@@ -1,5 +1,5 @@
11
// Title: Tax Cuts and Jobs Act, final version
2-
// Reform_File_Author: Cody Kallen (with updates by Martin Holmer)
2+
// Reform_File_Author: Cody Kallen (with updates by Martin Holme and Bodi Yang)
33
// Reform_Reference: 2018 IRS forms and this URL:
44
// http://docs.house.gov/billsthisweek/20171218/CRPT-115HRPT-466.pdf
55
// Reform_Baseline: 2017_law.json
@@ -41,58 +41,116 @@
4141
"2026": 0.396},
4242
"II_brk1": {"2018": [9525, 19050, 9525, 13600, 19050],
4343
"2019": [9700, 19400, 9700, 13850, 19400],
44+
"2020": [9875, 19750, 9875, 14100, 19750],
45+
"2021": [9950, 19900, 9950, 14200, 19900],
46+
"2022": [10275, 20550, 10275, 14650, 20550],
47+
"2023": [ 10463.03, 20926.06, 10463.03, 14918.1, 20926.06 ],
4448
"2026": [11242, 22484, 11242, 16094, 22484]},
4549
"II_brk2": {"2018": [38700, 77400, 38700, 51800, 77400],
4650
"2019": [39475, 78950, 39475, 52850, 78950],
51+
"2020": [40125, 80250, 40125, 53700, 80250],
52+
"2021": [40525, 81050, 40525, 54200, 81050],
53+
"2022": [41775, 83550, 41775, 55900, 83550],
54+
"2023": [42539.48, 85078.96, 42539.48, 56922.97, 85078.96],
4755
"2026": [45751, 91502, 45751, 61242, 91502]},
4856
"II_brk3": {"2018": [82500, 165000, 82500, 82500, 165000],
4957
"2019": [84200, 168400, 84200, 84200, 168400],
58+
"2020": [85525, 171050, 85525, 85500, 171050],
59+
"2021": [86375, 172750, 86375, 86350, 172750],
60+
"2022": [89075, 178150, 89075, 89050, 178150],
61+
"2023": [90705.07, 181410.14, 90705.07, 90679.62, 181410.14],
5062
"2026": [110791, 184571, 92286, 158169, 184571]},
5163
"II_brk4": {"2018": [157500, 315000, 157500, 157500, 315000],
5264
"2019": [160725, 321450, 160725, 160700, 321450],
65+
"2020": [163300, 326600, 163300, 163300, 326600],
66+
"2021": [164925, 329850, 164925, 164900, 329850],
67+
"2022": [170050, 340100, 170050, 170050, 340100],
68+
"2023": [173161.92, 346323.83, 173161.92, 173161.92, 346323.83],
5369
"2026": [231045, 281317, 140659, 256181, 281317]},
5470
"II_brk5": {"2018": [200000, 400000, 200000, 200000, 400000],
5571
"2019": [204100, 408200, 204100, 204100, 408200],
72+
"2020": [207350, 414700, 207350, 207350, 414700],
73+
"2021": [215950, 431900, 215950, 215950, 431900],
74+
"2022": [215950, 431900, 215950, 215950, 431900],
75+
"2023": [219901.88, 439803.77, 219901.88, 219901.88, 439803.77],
5676
"2026": [502356, 502356, 251178, 502356, 502356]},
5777
"II_brk6": {"2018": [500000, 600000, 300000, 500000, 600000],
5878
"2019": [510300, 612350, 306175, 510300, 612350],
79+
"2020": [518400, 622050, 518400, 518400, 622050],
80+
"2021": [539900, 647850, 539900, 539900, 647850],
81+
"2022": [539900, 647850, 323925, 539900, 647850],
82+
"2023": [549780.17, 659705.66, 329852.83, 549780.17, 659705.66],
5983
"2026": [504406 ,567457, 283728, 535931, 567457]},
6084
"PT_rt1": {"2018": 0.10,
6185
"2026": 0.10},
6286
"PT_rt2": {"2018": 0.12,
87+
"2020": 0.15,
88+
"2021": 0.12,
6389
"2026": 0.15},
6490
"PT_rt3": {"2018": 0.22,
91+
"2020": 0.25,
92+
"2021": 0.22,
6593
"2026": 0.25},
6694
"PT_rt4": {"2018": 0.24,
95+
"2020": 0.28,
96+
"2021": 0.24,
6797
"2026": 0.28},
6898
"PT_rt5": {"2018": 0.32,
6999
"2026": 0.33},
70100
"PT_rt6": {"2018": 0.35,
71101
"2026": 0.35},
72102
"PT_rt7": {"2018": 0.37,
103+
"2020": 0.396,
104+
"2021": 0.37,
73105
"2026": 0.396},
74106
"PT_brk1": {"2018": [9525, 19050, 9525, 13600, 19050],
75107
"2019": [9700, 19400, 9700, 13850, 19400],
108+
"2020": [9875, 19750, 9875, 14100, 19750],
109+
"2021": [9950, 19900, 9950, 14200, 19900],
110+
"2022": [10275, 20550, 10275, 14650, 20550],
111+
"2023": [10463.03, 20926.06, 10463.03, 14918.1, 20926.06],
76112
"2026": [11242, 22484, 11242, 16094, 22484]},
77113
"PT_brk2": {"2018": [38700, 77400, 38700, 51800, 77400],
78114
"2019": [39475, 78950, 39475, 52850, 78950],
115+
"2020": [40125, 80250, 40125, 53700, 80250],
116+
"2021": [40525, 81050, 40525, 54200, 81050],
117+
"2022": [41775, 83550, 41775, 55900, 83550],
118+
"2023": [42539.48, 85078.96, 42539.48, 56922.97, 85078.96],
79119
"2026": [45751, 91502, 45751, 61242, 91502]},
80120
"PT_brk3": {"2018": [82500, 165000, 82500, 82500, 165000],
81121
"2019": [84200, 168400, 84200, 84200, 168400],
122+
"2020": [85525, 171050, 85525, 85500, 171050],
123+
"2021": [86375, 172750, 86375, 86350, 172750],
124+
"2022": [89075, 178150, 89075, 89050, 178150],
125+
"2023": [90705.07, 181410.14, 90705.07, 90679.62, 181410.14],
82126
"2026": [110791, 184571, 92286, 158169, 184571]},
83127
"PT_brk4": {"2018": [157500, 315000, 157500, 157500, 315000],
84128
"2019": [160725, 321450, 160725, 160700, 321450],
129+
"2020": [163300, 326600, 163300, 163300, 326600],
130+
"2021": [164925, 329850, 164925, 164900, 329850],
131+
"2022": [170050, 340100, 170050, 170050, 340100],
132+
"2023": [173161.92, 346323.83, 173161.92, 173161.92, 346323.83],
85133
"2026": [231045, 281317, 140659, 256181, 281317]},
86134
"PT_brk5": {"2018": [200000, 400000, 200000, 200000, 400000],
87135
"2019": [204100, 408200, 204100, 204100, 408200],
136+
"2020": [207350, 414700, 207350, 207350, 414700],
137+
"2021": [215950, 431900, 215950, 215950, 431900],
138+
"2022": [215950, 431900, 215950, 215950, 431900],
139+
"2023": [219901.88, 439803.77, 219901.88, 219901.88, 439803.77],
88140
"2026": [502356, 502356, 251178, 502356, 502356]},
89141
"PT_brk6": {"2018": [500000, 600000, 300000, 500000, 600000],
90142
"2019": [510300, 612350, 306175, 510300, 612350],
143+
"2020": [518400, 622050, 518400, 518400, 622050],
144+
"2021": [539900, 647850, 539900, 539900, 647850],
145+
"2022": [539900, 647850, 323925, 539900, 647850],
146+
"2023": [549780.17, 659705.66, 329852.83, 549780.17, 659705.66],
91147
"2026": [504406 ,567457, 283728, 535931, 567457]},
92148
"PT_qbid_rt": {"2018": 0.2,
93149
"2026": 0.0},
94150
"PT_qbid_taxinc_thd": {"2018": [157500, 315000, 157500, 157500, 315000],
95151
"2019": [160700, 321400, 160725, 160700, 321400],
152+
"2022": [170050, 340100, 170050, 170050, 340100],
153+
"2023": [173161.92, 346323.83, 173161.92, 173161.92, 346323.83],
96154
"2026": [0, 0, 0, 0, 0]},
97155
"PT_qbid_taxinc_gap": {"2018": [50000, 100000, 50000, 50000, 100000],
98156
"2026": [1, 1, 1, 1, 1]},
@@ -104,6 +162,10 @@
104162
"2026": 0.0},
105163
"STD": {"2018": [12000, 24000, 12000, 18000, 24000],
106164
"2019": [12200, 24400, 12200, 18350, 24400],
165+
"2020": [12400, 24800, 12400, 18650, 24800],
166+
"2021": [12550, 25100, 12550, 18800, 25100],
167+
"2022": [12950, 25900, 12950, 19400, 25900],
168+
"2023": [13186.98, 26373.97, 13186.98, 19755.02, 26373.97],
107169
"2026": [7655, 15311, 7655, 11272, 15311]},
108170
"II_em": {"2018": 0,
109171
"2026": 4883},
@@ -121,12 +183,23 @@
121183
"2026": 3000},
122184
"AMT_em": {"2018": [70300, 109400, 54700, 70300, 109400],
123185
"2019": [71700, 111700, 55850, 71700, 111700],
186+
"2020": [72900, 113400, 56700, 72900, 113400],
187+
"2021": [73600, 114600, 57300, 73600, 114600],
188+
"2022": [75900, 118100, 59050, 75900, 118100],
189+
"2023": [77288.97, 120261.23, 60130.62, 77288.97, 120261.23],
124190
"2026": [65462, 101870, 50935, 65461, 101870]},
125191
"AMT_em_ps": {"2018": [500000, 1000000, 500000, 500000, 1000000],
126192
"2019": [510300, 1020600, 510300, 510300, 1020600],
193+
"2020": [518400, 1036800, 518400, 518400, 1036800],
194+
"2021": [523600, 1047200, 523600, 523600, 1047200],
195+
"2022": [539900, 1079800, 539900, 539900, 1079800],
196+
"2023": [549780.17, 1099560.34, 549780.17, 549780.17, 1099560.34],
127197
"2026": [145511, 193974, 96987, 145511, 193974]},
128198
"AMT_em_pe": {"2018": 718800,
129199
"2019": 733700,
200+
"2020": 745200,
201+
"2021": 752800,
202+
"2022": 776100,
130203
"2026": 302083},
131204
"ALD_DomesticProduction_hc": {"2018": 1,
132205
"2026": 0},
@@ -153,5 +226,88 @@
153226
"2026": 0},
154227
"ID_Medical_frt": {"2017": 0.075,
155228
"2019": 0.075},
156-
"parameter_indexing_CPI_offset": {"2017": -0.0025}
157-
}
229+
"parameter_indexing_CPI_offset": {"2017": -0.0025},
230+
231+
// Apply parameters that are affected by the change in index rates
232+
// even though they are not directly modified by TCJA.
233+
"II_em_ps": {"2018": [9e99, 9e99, 9e99, 9e99, 9e99]},
234+
"STD_Dep": {"2018": 1050, "2019": 1100, "2020": 1100, "2021": 1100, "2022": 1150},
235+
"STD_Aged": {"2018": [1600, 1300, 1300, 1600, 1300],
236+
"2019": [1650, 1300, 1300, 1650, 1300],
237+
"2020": [1650, 1300, 1300, 1650, 1300],
238+
"2021": [1700, 1350, 1350, 1700, 1350],
239+
"2022": [1750, 1400, 1400, 1750, 1750],
240+
"2023": [1782.02, 1425.62, 1425.62, 1782.02, 1782.02]},
241+
"CG_brk1": {"2018": [38600, 77200, 38600, 51700, 77200],
242+
"2019": [39375, 78750, 39375, 52750, 78750],
243+
"2020": [40000, 80000, 40000, 53600, 80000],
244+
"2021": [40400, 80800, 40400, 54100, 80800],
245+
"2023": [41834.57, 83669.15, 41834.57, 56021.05, 83669.15]},
246+
"CG_brk2": {"2018": [425800, 479000, 239500, 452400, 479000],
247+
"2019": [434550, 488850, 244425, 461700, 488850],
248+
"2021": [445654.49, 501342.07, 250671.03, 473498.28, 501342.07],
249+
"2022": [453186.05, 509814.75, 254907.37, 481500.4, 509814.75],
250+
"2023": [461479.35, 519144.36, 259572.17, 490311.86, 519144.36]},
251+
"AMT_CG_brk1": {"2018": [38600, 77200, 38600, 51700, 77200],
252+
"2019": [39375, 78750, 39375, 52750, 78750],
253+
"2020": [40000, 80000, 40000, 53600, 80000],
254+
"2021": [40400, 80800, 40400, 54100, 80800],
255+
"2022": [41675, 83350, 41675, 55800, 83350],
256+
"2023": [42437.65, 84875.3, 42437.65, 56821.14, 84875.3]},
257+
"AMT_CG_brk2": {"2018": [425800, 479000, 239500, 452400, 479000],
258+
"2019": [434550, 488850, 244425, 461700, 488850],
259+
"2020": [441450, 496600, 248300, 469050, 496600],
260+
"2021": [445850, 501600, 250800, 473750, 501600],
261+
"2022": [459750, 517200, 258600, 488500, 517200],
262+
"2023": [468163.42, 526664.76, 263332.38, 497439.55, 526664.76]},
263+
"AMT_child_em": {"2018": 7600,
264+
"2019": 7750,
265+
"2020": 7900,
266+
"2021": 7950,
267+
"2022": 8200,
268+
"2023": 8350.06},
269+
"AMT_brk1": {"2018": 191100,
270+
"2019": 194800,
271+
"2020": 197900,
272+
"2021": 199900,
273+
"2022": 206100,
274+
"2023": 209871.63},
275+
"EITC_c": {"2018": [519, 3461, 5716, 6431],
276+
"2019": [529, 3526, 5828, 6557],
277+
"2020": [538, 3584, 5920, 6660],
278+
"2021": [1502.0, 3618.0, 5980.0, 6728.0],
279+
"2022": [560, 3733, 6064, 6935],
280+
"2023": [570.25, 3801.31, 6174.97, 7061.91]},
281+
"EITC_MaxEligAge": {"2022":125, "2023": 125},
282+
"EITC_ps": {"2018": [8490, 18660, 18660, 18660],
283+
"2019": [8650, 19030, 19030, 19030],
284+
"2020": [8790, 19330, 19330, 19330],
285+
"2022": [9160, 20130, 20130, 20130],
286+
"2023": [9327.63, 20498.38, 20498.38, 20498.38]},
287+
"EITC_ps_MarriedJ": {"2018": [5680, 5690, 5690, 5690],
288+
"2019": [5800, 5790, 5790, 5790],
289+
"2020": [538, 3584, 5920, 6660],
290+
"2021": [1502, 3618, 5980, 6728],
291+
"2022": [6130, 6130, 6130, 6130]},
292+
"EITC_InvestIncome_c": {"2018": 3500,
293+
"2019": 3600,
294+
"2020": 3650,
295+
"2022": 10300,
296+
"2023": 10488.49},
297+
"ETC_pe_Single": {"2018": 67,
298+
"2019": 68,
299+
"2020": 69,
300+
"2021": 90,
301+
"2022": 80,
302+
"2023": 81.46},
303+
"ETC_pe_Married": {"2018": 134,
304+
"2019": 136,
305+
"2020": 138,
306+
"2021": 180,
307+
"2022": 180,
308+
"2023": 183.29},
309+
"FST_AGI_thd_lo": {"2018": [1000000, 1000000, 500000, 1000000, 1000000],
310+
"2019": [1000000, 1000000, 500000, 1000000, 1000000]},
311+
"FST_AGI_thd_hi": {"2018": [2000000, 2000000, 1000000, 2000000, 2000000],
312+
"2019": [2000000, 2000000, 1000000, 2000000, 2000000]}
313+
}

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