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Merged
merged 17 commits into from
Dec 28, 2021
Merged

Add GainsTax #342

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1ec5bfc
Add taxcalc formula
nikhilwoodruff Nov 28, 2021
66377f2
Add taxcalc formula in full
nikhilwoodruff Nov 28, 2021
2a603bc
Minimise code duplication
nikhilwoodruff Nov 28, 2021
932b1fe
Merge branch 'master' into gains-tax
nikhilwoodruff Dec 7, 2021
989cde4
Merge branch 'master' of https://github.com/policyengine/openfisca-us…
nikhilwoodruff Dec 13, 2021
8f39c45
Add failing tax-calc unit test
nikhilwoodruff Dec 13, 2021
bc0fd00
Merge branch 'master' of https://github.com/policyengine/openfisca-us…
nikhilwoodruff Dec 28, 2021
29900d1
Update parameters
nikhilwoodruff Dec 28, 2021
09d3fff
Add unit tests
nikhilwoodruff Dec 28, 2021
10f57dc
Fix implementation bug
nikhilwoodruff Dec 28, 2021
2234b92
Add comment
nikhilwoodruff Dec 28, 2021
0be16d9
Remove debug statements and incorrect test
nikhilwoodruff Dec 28, 2021
503eba6
Update version and changelog
nikhilwoodruff Dec 28, 2021
5eb5a11
Add ignore option
nikhilwoodruff Dec 28, 2021
d2bf8cb
Make constant
nikhilwoodruff Dec 28, 2021
0bf84e3
Add suggested comments
nikhilwoodruff Dec 28, 2021
0190141
Apply formatting
nikhilwoodruff Dec 28, 2021
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4 changes: 4 additions & 0 deletions CHANGELOG.md
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Expand Up @@ -25,3 +25,7 @@

* Added Alternative Minimum Tax (AMT) income and liability logic
* Added development tools for auto-generating unit tests for Tax-Calculator functions

## 0.7.0

* Added Gains Tax (capital gains treatment) logic and parameters
2 changes: 1 addition & 1 deletion Makefile
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Expand Up @@ -7,7 +7,7 @@ install:
test:
pytest openfisca_us/tests/ --maxfail=0
coverage run --branch -m openfisca_us.tools.cli test openfisca_us/tests/policy/baseline
coverage xml
coverage xml -i
documentation:
jb build docs/book
build:
Expand Down
33 changes: 0 additions & 33 deletions openfisca_us/parameters/irs/capital_gains/bracket.yaml
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This file was deleted.

108 changes: 108 additions & 0 deletions openfisca_us/parameters/irs/capital_gains/brackets.yaml
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@@ -0,0 +1,108 @@
description: Capital gains tax thresholds and rates
rates:
description: Long term capital gain and qualified dividends (regular/non-AMT) rate
1:
2013-01-01: 0.0
2:
2013-01-01: 0.15
3:
2013-01-01: 0.2
metadata:
unit: /1
thresholds:
description: Top thresholds of long-term capital gains and qualified dividends (regular/non-AMT) tax brackets
metadata:
unit: currency-USD
period: year
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
30 changes: 30 additions & 0 deletions openfisca_us/parameters/irs/income/bracket.yaml
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Expand Up @@ -18,68 +18,98 @@ thresholds:
1:
SINGLE:
2018-01-01: 9525
2019-01-01: 9700
JOINT:
2018-01-01: 19050
2019-01-01: 19400
SEPARATE:
2018-01-01: 9525
2019-01-01: 9700
HOUSEHOLD_HEAD:
2018-01-01: 13600
2019-01-01: 13850
WIDOW:
2018-01-01: 19050
2019-01-01: 19400
2:
SINGLE:
2018-01-01: 38700
2019-01-01: 39475
JOINT:
2018-01-01: 77400
2019-01-01: 78950
SEPARATE:
2018-01-01: 38700
2019-01-01: 39475
HOUSEHOLD_HEAD:
2018-01-01: 51800
2019-01-01: 52850
WIDOW:
2018-01-01: 77400
2019-01-01: 78950
3:
SINGLE:
2018-01-01: 82500
2019-01-01: 84200
JOINT:
2018-01-01: 165000
2019-01-01: 168400
SEPARATE:
2018-01-01: 82500
2019-01-01: 84200
HOUSEHOLD_HEAD:
2018-01-01: 82500
2019-01-01: 84200
WIDOW:
2018-01-01: 165000
2019-01-01: 168400
4:
SINGLE:
2018-01-01: 157500
2019-01-01: 160725
JOINT:
2018-01-01: 315000
2019-01-01: 321450
SEPARATE:
2018-01-01: 157500
2019-01-01: 160725
HOUSEHOLD_HEAD:
2018-01-01: 157500
2019-01-01: 160700
WIDOW:
2018-01-01: 315000
2019-01-01: 321450
5:
SINGLE:
2018-01-01: 200000
2019-01-01: 204100
JOINT:
2018-01-01: 400000
2019-01-01: 408200
SEPARATE:
2018-01-01: 200000
2019-01-01: 204100
HOUSEHOLD_HEAD:
2018-01-01: 200000
2019-01-01: 204100
WIDOW:
2018-01-01: 400000
2019-01-01: 408200
6:
SINGLE:
2018-01-01: 500000
2019-01-01: 510300
JOINT:
2018-01-01: 600000
2019-01-01: 612350
SEPARATE:
2018-01-01: 300000
2019-01-01: 306175
HOUSEHOLD_HEAD:
2018-01-01: 500000
2019-01-01: 510300
WIDOW:
2018-01-01: 600000
2019-01-01: 612350
metadata:
unit: /1
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