Use new CPS data files with three new benefits and improved imputations #1911
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## master #1911 +/- ##
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Coverage 100% 100%
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Files 37 37
Lines 3316 3319 +3
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+ Hits 3316 3319 +3
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This pull request adds three benefits that were formerly in the catch-all
other_benvariable. The three new benefits are housing benefits, TANF benefits, and WIC benefits.This pull request also improves the imputation of taxable versus nontaxable interest income, of qualified dividends, and of taxable versus nontaxable pension and annuity income. In each of these three cases the imputed distribution is much closer to the known distribution in the PUF data. For details, see taxdata pull request 165 and the three issues to which it points. The changes in the pension imputation are especially important because they increase AGI, and hence, income tax liability, by substantial amounts.
Considering all the changes in the CPS data incorporated in this pull request, the 2018 aggregate AGI rises from $9,993.5 billion to $10,590.9 billion, which is an increase of $597.4 billion or 6.0 percent. As a result, 2018 aggregate income tax liability rises from $1,180.9 billion to $1,278.3 billion, which is an increase of $97.4 billion or 8.2 percent.