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Preliminary version of TCJA json #1625

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merged 2 commits into from
Nov 6, 2017
Merged

Preliminary version of TCJA json #1625

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bd8a94a
add TCJA json
Nov 5, 2017
7e6ac37
update json with pt parameters
Nov 6, 2017
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125 changes: 125 additions & 0 deletions taxcalc/reforms/TCJA_Nov3.json
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Original file line number Diff line number Diff line change
@@ -0,0 +1,125 @@
// Title: Tax Cuts and Jobs Act, Chairman's mark (as of 11-3-17)
// Reform_File_Author: Cody Kallen
// Reform_Reference: https://waysandmeans.house.gov/wp-content/uploads/2017/11/20171106-Amendment-in-the-Nature-of-a-Substitute-to-H.R.-1.pdf
// Reform_Description:
// - New personal income tax schedule (regular/non-AMT/non-pass-through) (1)
// - New pass-through income tax schedule, with qualifying rules (2)
// - New standard deductions (3)
// - Repeal personal exemption (4)
// - New nonrefundable credits, phase-out with child tax credit (5)
// - Repeal Alternative Minimum Tax (6)
// - Minor changes to capital brackets for long-term gains and dividends (7)
// - Changes to above-the-line deductions (8)
// - Changes to itemized deductions (9)
// - Repeal of certain credits (10)
// Reform_Parameter_Map:
// - 1: _II_rt*
// - 2: _PT_rt*
// - 3: _STD, _STD_Dep, _STD_Aged
// - 4: _II_em
// - 5: _DependentCredit_*, _FilerCredit_c, _CTC_ps
// - 6: _AMT_rt*
// - 7: _CG_brk*
// - 8: _ALD_*
// - 9: _ID_*
// - 10: _CR_SchR_hc, _LLC_Ecpense_c
{
"policy": {
"_II_rt1":
{"2018": [0.12]},
"_II_rt2":
{"2018": [0.25]},
"_II_rt3":
{"2018": [0.35]},
"_II_rt4":
{"2018": [0.396]},
"_II_rt5":
{"2018": [0.456]},
"_II_rt6":
{"2018": [0.396]},
"_II_rt7":
{"2018": [0.396]},
"_II_brk1":
{"2018": [[45000, 90000, 45000, 67500, 90000]]},
"_II_brk2":
{"2018": [[200000, 260000, 130000, 200000, 260000]]},
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Shouldn't the bracket for separate be 200,000 as well?

cc @MattHJensen @martinholmer @andersonfrailey

"_II_brk3":
{"2018": [[500000, 1000000, 500000, 500000, 1000000]]},
"_II_brk4":
{"2018": [[1000000, 1200000, 1000000, 1000000, 1200000]]},
"_II_brk5":
{"2018": [[1207000, 1614000, 1207000, 1310500, 1614000]]},
"_II_brk6":
{"2018": [[2000000, 2000000, 2000000, 2000000, 2000000]]},
"_PT_rt1":
{"2018": [0.12]},
"_PT_rt2":
{"2018": [0.25]},
"_PT_rt3":
{"2018": [0.35]},
"_PT_rt4":
{"2018": [0.396]},
"_PT_rt5":
{"2018": [0.456]},
"_PT_rt6":
{"2018": [0.396]},
"_PT_rt7":
{"2018": [0.396]},
"_PT_brk1":
{"2018": [[45000, 90000, 45000, 67500, 90000]]},
"_PT_brk2":
{"2018": [[200000, 260000, 130000, 200000, 260000]]},
"_PT_brk3":
{"2018": [[500000, 1000000, 500000, 500000, 1000000]]},
"_PT_brk4":
{"2018": [[1000000, 1200000, 1000000, 1000000, 1200000]]},
"_PT_brk5":
{"2018": [[1207000, 1614000, 1207000, 1310500, 1614000]]},
"_PT_brk6":
{"2018": [[2000000, 2000000, 2000000, 2000000, 2000000]]},
"_STD":
{"2018": [[12000, 24000, 12000, 18000, 24000]]},
"_STD_Dep":
{"2018": [500]},
"_STD_Aged":
{"2018": [[0, 0, 0, 0, 0]]},
"_II_em":
{"2018": [0]},
"_DependentCredit_Child_c":
{"2018": [600]},
"_DependentCredit_Nonchild_c":
{"2018": [300], "2023": [0]},
"_FilerCredit_c":
{"2018": [[300, 600, 300, 300, 300]], "2023": [[0, 0, 0, 0, 0]]},
"_AMT_rt1":
{"2018": [0]},
"_AMT_rt2":
{"2018": [0]},
"_CG_brk1":
{"2018": [[38600, 77200, 38600, 51700, 77200]]},
"_CG_brk2":
{"2018": [[425800, 479000, 239500, 452400, 479000]]},
"_ALD_DomesticProduction_hc":
{"2018": [1]},
"_ALD_StudentLoan_hc":
{"2018": [1]},
"_ALD_Tuition_hc":
{"2018": [1]},
"_ID_prt":
{"2018": [0]},
"_ID_StateLocalTax_hc":
{"2018": [1]},
"_ID_RealEstate_c":
{"2018": [[10000, 10000, 10000, 10000, 10000]]},
"_ID_Casualty_hc":
{"2018": [1]},
"_ID_Medical_hc":
{"2018": [1]},
"_ID_Miscellaneous_hc":
{"2018": [1]},
"_CR_SchR_hc":
{"2018": [1]},
"_LLC_Expense_c":
{"2018": [0]}
}
}