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Fix wage growth rates #1171

Merged
merged 4 commits into from
Feb 1, 2017
Merged

Fix wage growth rates #1171

merged 4 commits into from
Feb 1, 2017

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martinholmer
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This pull request completes the revisions that began with #1164 and continued in #1167. The hard-coded Policy.__wgrates have been changed so that they agree with the rate of growth in per-capita wages-and-salaries implied by the projection factors in the StageIfactors.csv file. The only use of these rates is to adjust the social security maximum taxable earnings policy parameter, _SS_Earnings_c. So, the results changes caused by this reduction in Policy.__wgrates values are limited to social security results. For example, in 2022 total payroll taxes are reduced by $8.8 billion, which is a decline of about two-thirds of one percent. Notice there are changes only in 2018 and subsequent years because actual (not projected) values for _SS_Earnings_c are used in years through 2017.

@MattHJensen @andersonfrailey @codykallen @Amy-Xu

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codecov-io commented Feb 1, 2017

Codecov Report

Merging #1171 into master will not impact coverage.

@@           Coverage Diff           @@
##           master    #1171   +/-   ##
=======================================
  Coverage   98.88%   98.88%           
=======================================
  Files          38       38           
  Lines        3062     3062           
=======================================
  Hits         3028     3028           
  Misses         34       34
Impacted Files Coverage Δ
taxcalc/policy.py 100% <100%> (ø)

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@martinholmer martinholmer merged commit 7d96881 into PSLmodels:master Feb 1, 2017
@martinholmer martinholmer deleted the fix-policy-wgrates branch February 2, 2017 22:50
@andersonfrailey andersonfrailey mentioned this pull request Feb 7, 2017
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3 participants