taxcalc 4.2.1__py3-none-any.whl → 4.3.0__py3-none-any.whl

taxcalc/reforms/SandersDeFazio.json

@@ -0,0 +1,15 @@
+// Title: Social Security Expansion Act: Sen. Bernie Sanders and Rep. Peter DeFazio
+// Reform_File_Author: Duncan Hobbs
+// Reform_Reference: https://defazio.house.gov/media-center/press-releases/defazio-sanders-introduce-legislation-to-strengthen-and-expand-social
+// SSA Analysis: https://www.ssa.gov/OACT/solvency/SandersDeFazio_20190213.pdf
+// Reform_Baseline: policy_current_law.json
+// Reform_Description:
+//   - Apply the combined OASDI payroll tax rate on earnings above $250,000 (1)
+//   - Apply a separate 6.2% tax on investment income above ACA threshold (2)
+// Reform_Parameter_Map:
+//   1: SS_Earnings_thd
+//   2: NIIT_rt
+{
+    "SS_Earnings_thd": {"2020": 250000},
+    "NIIT_rt": {"2020": 0.100}
+}

taxcalc/reforms/SandersDeFazio.out.csv

@@ -0,0 +1,10 @@
+RECID,c00100,standard,c04800,iitax,payrolltax
+11,30000,12400,17600,114.5,4590
+12,60000,12400,47600,4462,9180
+13,460000,12400,447600,131455,58794.8
+21,60000,24800,35200,-3771,9180
+22,120000,24800,95200,4924,18360
+23,240000,24800,215200,35807,36720
+31,30000,18650,11350,-4543.93,4590
+32,60000,18650,41350,880,9180
+33,120000,18650,101350,13537,18360

taxcalc/reforms/TCJA.json

@@ -0,0 +1,160 @@
+// Title: Tax Cuts and Jobs Act, final version
+// Reform_File_Author: Cody Kallen (with updates by Martin Holme and Bodi Yang)
+// Reform_Reference: 2018 IRS forms and this URL:
+//        http://docs.house.gov/billsthisweek/20171218/CRPT-115HRPT-466.pdf
+// Reform_Baseline: 2017_law.json
+// Reform_Description:
+// - New personal income tax schedule (regular/non-AMT/non-pass-through) (1)
+// - New pass-through income tax schedule (2)
+// - New standard deductions (3)
+// - Repeal personal exemption (4)
+// - Modification to child tax credit, nonrefundable dependent credits (5)
+// - Modification of Alternative Minimum Tax exemption parameters (6)
+// - Changes to certain above the line deductions (7)
+// - Changes to itemized deductions (8)
+// - Switch to chained CPI from CPI-U for tax parameter adjustment (9)
+// Reform_Parameter_Map:
+// - 1: II_*
+// - 2: PT_*
+// - 3: STD (can safely ignore WARNINGs about 2026+ values)
+// - 4: II_em
+// - 5: ODC_c, _CTC_c, _CTC_ps, _ACTC_c, _ACTC_Income_thd
+// - 6: AMT_em*
+// - 7: ALD_*
+// - 8: ID_* (can safely ignore WARNINGs about values for several parameters)
+// - 9: parameter_indexing_CPI_offset
+// Note: II_brk*, PT_brk*, STD, II_em are rounded to nearest integer value
+{
+    "II_rt1": {"2018": 0.10,
+               "2026": 0.10},
+    "II_rt2": {"2018": 0.12,
+               "2026": 0.15},
+    "II_rt3": {"2018": 0.22,
+               "2026": 0.25},
+    "II_rt4": {"2018": 0.24,
+               "2026": 0.28},
+    "II_rt5": {"2018": 0.32,
+               "2026": 0.33},
+    "II_rt6": {"2018": 0.35,
+               "2026": 0.35},
+    "II_rt7": {"2018": 0.37,
+               "2026": 0.396},
+    "II_brk1": {"2018": [9525, 19050, 9525, 13600, 19050],
+                "2026": [11242, 22484, 11242, 16094, 22484]},
+    "II_brk2": {"2018": [38700, 77400, 38700, 51800, 77400],
+                "2026": [45751, 91502, 45751, 61242, 91502]},
+    "II_brk3": {"2018": [82500, 165000, 82500, 82500, 165000],
+                "2026": [110791, 184571,  92286, 158169, 184571]},
+    "II_brk4": {"2018": [157500, 315000, 157500, 157500, 315000],
+                "2026": [231045, 281317, 140659, 256181, 281317]},
+    "II_brk5": {"2018": [200000, 400000, 200000, 200000, 400000],
+                "2026": [502356, 502356, 251178, 502356, 502356]},
+    "II_brk6": {"2018": [500000, 600000, 300000, 500000, 600000],
+                "2026": [504406 ,567457, 283728, 535931, 567457]},
+    "PT_rt1": {"2018": 0.10,
+               "2026": 0.10},
+    "PT_rt2": {"2018": 0.12,
+               "2026": 0.15},
+    "PT_rt3": {"2018": 0.22,
+               "2026": 0.25},
+    "PT_rt4": {"2018": 0.24,
+               "2026": 0.28},
+    "PT_rt5": {"2018": 0.32,
+               "2026": 0.33},
+    "PT_rt6": {"2018": 0.35,
+               "2026": 0.35},
+    "PT_rt7": {"2018": 0.37,
+               "2026": 0.396},
+    "PT_brk1": {"2018": [9525, 19050, 9525, 13600, 19050],
+                "2026": [11242, 22484, 11242, 16094, 22484]},
+    "PT_brk2": {"2018": [38700, 77400, 38700, 51800, 77400],
+                "2026": [45751, 91502, 45751, 61242, 91502]},
+    "PT_brk3": {"2018": [82500, 165000, 82500, 82500, 165000],
+                "2026": [110791, 184571,  92286, 158169, 184571]},
+    "PT_brk4": {"2018": [157500, 315000, 157500, 157500, 315000],
+                "2026": [231045, 281317, 140659, 256181, 281317]},
+    "PT_brk5": {"2018": [200000, 400000, 200000, 200000, 400000],
+                "2026": [502356, 502356, 251178, 502356, 502356]},
+    "PT_brk6": {"2018": [500000, 600000, 300000, 500000, 600000],
+                "2026": [504406 ,567457, 283728, 535931, 567457]},
+    "PT_qbid_rt": {"2018": 0.2,
+                   "2026": 0.0},
+    "PT_qbid_taxinc_thd": {"2018": [157500, 315000, 157500, 157500, 315000],
+                           "2026": [0, 0, 0, 0, 0]},
+    "PT_qbid_taxinc_gap": {"2018": [50000, 100000, 50000, 50000, 100000],
+                           "2026": [1, 1, 1, 1, 1]},
+    "PT_qbid_w2_wages_rt": {"2018": 0.5,
+                            "2026": 0.0},
+    "PT_qbid_alt_w2_wages_rt": {"2018": 0.25,
+                                "2026": 0.0},
+    "PT_qbid_alt_property_rt": {"2018": 0.025,
+                                "2026": 0.0},
+    "STD": {"2018": [12000, 24000, 12000, 18000, 24000],
+            "2026": [7655, 15311, 7655, 11272, 15311]},
+    "II_em": {"2018": 0,
+              "2026": 4883},
+    "ODC_c": {"2018": 500,
+              "2026": 0},
+    "CTC_c": {"2018": 2000,
+              "2026": 1000},
+    "CTC_ps": {"2018": [200000, 400000, 200000, 200000, 400000],
+               "2026": [75000, 110000, 55000, 75000, 75000]},
+    "ACTC_c": {"2018": 1400,
+               "2022": 1500,
+               "2025": 1600,
+               "2026": 1000},
+    "ACTC_Income_thd": {"2018": 2500,
+                        "2026": 3000},
+    "AMT_em": {"2018": [70300, 109400, 54700, 70300, 109400],
+               "2026": [65462, 101870, 50935, 65461, 101870]},
+    "AMT_em_ps": {"2018": [500000, 1000000, 500000, 500000, 1000000],
+                  "2026": [145511, 193974, 96987, 145511, 193974]},
+    "AMT_em_pe": {"2018": 718800,
+                  "2026": 302083},
+    "ALD_DomesticProduction_hc": {"2018": 1,
+                                  "2026": 0},
+    "ALD_AlimonyPaid_hc": {"2019": 1,
+                           "2026": 0},
+    "ALD_AlimonyReceived_hc": {"2019": 0,
+                               "2026": 1},
+    "ALD_BusinessLosses_c": {"2018": [250000, 500000, 250000, 250000, 500000],
+                             "2026": [9e99, 9e99, 9e99, 9e99, 9e99]},
+    "ID_ps": {"2018": [9e99, 9e99, 9e99, 9e99, 9e99],
+              "2026": [316675, 380010, 190005, 348343, 380010]},
+    "ID_prt": {"2018": 0.00,
+               "2026": 0.03},
+    "ID_crt": {"2018": 1.0,
+               "2026": 0.8},
+    "ID_Charity_crt_cash": {"2018": 0.6,
+                            "2026": 0.5},
+    "ID_Casualty_hc": {"2018": 1,
+                       "2026": 0},
+    "ID_AllTaxes_c": {"2018": [10000, 10000, 5000, 10000, 10000],
+                      "2026": [9e99, 9e99, 9e99, 9e99, 9e99]},
+    "ID_Miscellaneous_hc": {"2018": 1,
+                            "2026": 0},
+    "ID_Medical_frt": {"2017": 0.075,
+                       "2019": 0.075},
+    "parameter_indexing_CPI_offset": {"2017": 0.0},
+
+    // Apply parameters that are affected by the change in index rates
+    // even though they are not directly modified by TCJA.
+    "II_em_ps": {"2018": [9e99, 9e99, 9e99, 9e99, 9e99]},
+    "STD_Dep": {"2018": 1050, "2019": 1100, "2020": 1100, "2021": 1100, "2022": 1150},
+    "STD_Aged": {"2018": [1600, 1300, 1300, 1600, 1300]},
+    "CG_brk1": {"2018": [38600, 77200, 38600, 51700, 77200]},
+    "CG_brk2": {"2018": [425800, 479000, 239500, 452400, 479000]},
+    "AMT_CG_brk1": {"2018": [38600, 77200, 38600, 51700, 77200]},
+    "AMT_CG_brk2": {"2018": [425800, 479000, 239500, 452400, 479000]},
+    "AMT_child_em": {"2018": 7600},
+    "AMT_brk1": {"2018": 191100},
+    "EITC_c": {"2018": [519, 3461, 5716, 6431]},
+    "EITC_MaxEligAge": {"2022":125, "2023": 125},
+    "EITC_ps": {"2018": [8490, 18660, 18660, 18660]},
+    "EITC_ps_MarriedJ": {"2018": [5680, 5690, 5690, 5690]},
+    "EITC_InvestIncome_c": {"2018": 3500},
+    "ETC_pe_Single": {"2018": 67},
+    "ETC_pe_Married": {"2018": 134},
+    "FST_AGI_thd_lo": {"2018": [1000000, 1000000,  500000, 1000000, 1000000]},
+    "FST_AGI_thd_hi": {"2018": [2000000, 2000000, 1000000, 2000000, 2000000]}
+}

taxcalc/reforms/TCJA.md

@@ -0,0 +1,48 @@
+TCJA FAQ
+========
+
+In Tax-Calculator release 0.15.0 and higher, the `policy_current_law`
+file represents TCJA, not the pre-TCJA policy that was represented by
+`policy_current_law.json` in releases before 0.15.0.
+
+**1. How can I use pre-TCJA policy as the baseline?**
+
+You need to use the new
+[2017_law.json](https://github.com/open-source-economics/Tax-Calculator/blob/master/taxcalc/reforms/2017_law.json)
+as a "reform", and then, if you want to compare that pre-TCJA policy
+to an old reform, implement the old reform as usual.  This
+compound-reform technique works well and is being used extensively in
+the Tax-Calculator test suite.  This technique is illustrated in
+recipe 01 of the [Cookbook of Tested Recipes for Python Programming
+with
+Tax-Calculator](https://pslmodels.github.io/Tax-Calculator/cookbook.html)
+using the `2017_law.json` and `TCJA.json` reform files.  For a check
+of the consistency of the `2017_law.json` and `TCJA.json` reform
+files, see `test_round_trip_tcja_reform` in the
+`taxcalc/tests/test_reforms.py` file.
+
+**2. Does Tax-Calculator produce the same results for pre-TCJA policy
+     as before?**
+
+Yes, release 0.14.3 and 0.15.0 produce the same aggregate results for
+pre-TCJA policy even though the contents of `policy_current_law.json`
+have changed.
+
+For an analysis that shows the pre-TCJA tax revenues for 2019 are the
+same, see below at the heading **TCJA and pre-TCJA Comparisons**.
+
+**3. Does Tax-Calculator produce the same results for TCJA policy as
+     before?**
+
+No, there is a small difference (less than one percent) in aggregate
+income tax revenues between the Tax-Calculator releases 0.15.0 and
+0.14.3.  This difference is caused by the fact that Tax-Calculator
+0.15.0 adds several TCJA provisions that were not included in
+Tax-Calculator 0.14.3.  See pull requests #1818 and #1819 for details
+on the newly added TCJA provisions.
+
+**4. Does TCJA current-law policy incorporate any behavior responses?**
+
+Beginning with release 0.25.0, Tax-Calculator incorporates a new CBO
+budget outlook that presumably includes the effects of any behavioral
+changes and growth effects that one might expect to be caused by TCJA.

taxcalc/reforms/TCJA.out.csv

@@ -0,0 +1,10 @@
+RECID,c00100,standard,c04800,iitax,payrolltax
+11,30000.00,12404.02,17595.98,114.60,4590.00
+12,60000.00,12404.02,47595.98,4473.91,9180.00
+13,460000.00,12404.02,447595.98,131529.61,32754.80
+21,60000.00,24808.03,35191.97,-3770.79,9180.00
+22,120000.00,24808.03,95191.97,4947.82,18360.00
+23,240000.00,24808.03,215191.97,35840.55,36720.00
+31,30000.00,18606.02,11393.98,-4526.38,4590.00
+32,60000.00,18606.02,41393.98,886.12,9180.00
+33,120000.00,18606.02,101393.98,13568.45,18360.00

taxcalc/reforms/Trump2016.json

@@ -0,0 +1,71 @@
+// Title: 2016 Trump Campaign Tax Plan
+// Reform_File_Author: Matt Jensen
+// Reform_Reference: https://www.donaldjtrump.com/policies/tax-plan   
+// Reform_Baseline: 2017_law.json
+// Reform_Description:
+// - New personal income tax schedule (regular/non-AMT/non-pass-through) (1) 
+// - New pass-through income tax schedule (2) 
+// - New long-term capital gains and qualified dividends tax schedule (3) 
+// - Repeal Alternative Minimum Tax (4) 
+// - Repeal Net Investment Income Tax (5) 
+// - Raise the Standard Deduction (6) 
+// - Repeal the Personal Exemption (7) 
+// - New above the line deduction for child and elder care (8)
+// - Cap itemized deductions (9) 
+// Reform_Parameter_Map:
+// - 1: II_rt*, II_brk*
+// - 2: PT_*
+// - 3: CG_*
+// - 4: AMT_*
+// - 5: NIIT_rt
+// - 6: STD
+// - 7: II_em
+// - 8: ALD_Dependents*
+// - 9: ID_c
+{
+    "II_rt1": {"2017": 0.12},
+    "II_brk1": {"2017": [37500, 75000, 37500, 37500, 75000]},
+    "II_rt2": {"2017": 0.25},
+    "II_brk2": {"2017": [112500, 225000, 112500, 112500, 225000]},
+    "II_rt3": {"2017":  0.25},
+    "II_brk3": {"2017": [112500, 225000, 112500, 112500, 225000]},
+    "II_rt4": {"2017":  0.25},
+    "II_brk4": {"2017": [112500, 225000, 112500, 112500, 225000]},
+    "II_rt5": {"2017": 0.25},
+    "II_brk5": {"2017":  [112500, 225000, 112500, 112500, 225000]},
+    "II_rt6": {"2017": 0.25},
+    "II_brk6": {"2017": [112500, 225000, 112500, 112500, 225000]},
+    "II_rt7": {"2017": 0.33},
+    "PT_rt1": {"2017": 0.12},
+    "PT_brk1": {"2017": [37500, 75000, 37500, 37500, 75000]},
+    "PT_rt2": {"2017": 0.15},
+    "PT_brk2": {"2017": [112500, 225000, 112500, 112500, 225000]},
+    "PT_rt3": {"2017": 0.15},
+    "PT_brk3": {"2017": [112500, 225000, 112500, 112500, 225000]},
+    "PT_rt4": {"2017": 0.15},
+    "PT_brk4": {"2017": [112500, 225000, 112500, 112500, 225000]},
+    "PT_rt5": {"2017": 0.15},
+    "PT_brk5": {"2017": [112500, 225000, 112500, 112500, 225000]},
+    "PT_rt6": {"2017": 0.15},
+    "PT_brk6": {"2017": [112500, 225000, 112500, 112500, 225000]},
+    "PT_rt7": {"2017": 0.15},
+    "CG_brk1": {"2017": [37500, 75000, 37500, 37500, 75000]},
+    "CG_brk2": {"2017": [112500, 225000, 112500, 112500, 225000]},
+    "AMT_rt1": {"2017": 0},
+    "AMT_rt2": {"2017": 0},
+    "NIIT_rt": {"2017": 0},
+    "STD": {"2017": [15000, 30000, 15000, 15000, 30000]},
+    "II_em": {"2017": 0},
+    "ALD_Dependents_thd": {"2017": [250000, 500000, 250000, 500000, 500000]},
+    "ALD_Dependents_Elder_c": {"2017": 5000},
+    "ALD_Dependents_Child_c": {"2017": 7156},
+    "ID_c": {"2017": [100000, 200000, 100000, 100000, 200000]}
+}
+// Note: Due to lack of detail, data, or modeling capability,
+// many provisions cannot be scored.
+// These omitted provisions include:
+// - Allow expenssing for pass-through firms
+// - Tax carried interest as ordinary business income
+// - Repeal pass-through business tax expenditures
+// - Corporate tax provisions
+// - Estate tax provisions

taxcalc/reforms/Trump2016.out.csv

@@ -0,0 +1,10 @@
+RECID,c00100,standard,c04800,iitax,payrolltax
+11,30000.00,15882.08,14117.92,-105.85,4590.00
+12,60000.00,15882.08,44117.92,4067.80,9180.00
+13,460000.00,15882.08,444117.92,131867.98,32754.80
+21,60000.00,31764.18,28235.82,-2211.70,9180.00
+22,120000.00,31764.18,88235.82,6635.60,18360.00
+23,240000.00,31764.18,208235.82,41735.60,36720.00
+31,30000.00,15882.08,14117.92,-3014.86,4590.00
+32,60000.00,15882.08,44117.92,3067.80,9180.00
+33,120000.00,15882.08,104117.92,19442.80,18360.00

taxcalc/reforms/Trump2017.json

@@ -0,0 +1,51 @@
+// Title: 2017 Trump Administration Tax Reform Proposal (potential)
+// Reform_File_Author: Cody Kallen
+// Reform_Reference: 1-page hand-out from the White House briefing
+// Reform_Baseline: 2017_law.json
+// Reform_Description:
+// - New personal income tax schedule (regular/non-AMT/non-pass-through) (1) 
+// - New pass-through income tax schedule (2) 
+// - Repeal Alternative Minimum Tax (3) 
+// - Repeal Net Investment Income Tax (4) 
+// - Double the Standard Deduction (5)
+// - Eliminate all itemized deductions except mortgage interest and charitable contributions (6)
+// Reform_Parameter_Map:
+// - 1: II_rt*
+// - 2: PT_*
+// - 3: AMT_*
+// - 4: NIIT_rt
+// - 5: STD
+// - 6: ID_*
+{
+    "II_rt1": {"2017": 0.10},
+    "II_rt2": {"2017": 0.10},
+    "II_rt3": {"2017":  0.25},
+    "II_rt4": {"2017":  0.25},
+    "II_rt5": {"2017": 0.25},
+    "II_rt6": {"2017": 0.35},
+    "II_rt7": {"2017": 0.35},
+    "PT_rt1": {"2017": 0.1},
+    "PT_rt2": {"2017": 0.1},
+    "PT_rt3": {"2017": 0.15},
+    "PT_rt4": {"2017": 0.15},
+    "PT_rt5": {"2017": 0.15},
+    "PT_rt6": {"2017": 0.15},
+    "PT_rt7": {"2017": 0.15},
+    "AMT_rt1": {"2017": 0},
+    "AMT_rt2": {"2017": 0},
+    "NIIT_rt": {"2017": 0},
+    "STD": {"2017": [12700, 25400, 12700, 18700, 25400]},
+    "ID_StateLocalTax_hc": {"2017": 1.0},
+    "ID_Medical_hc": {"2017": 1.0},
+    "ID_Casualty_hc": {"2017": 1.0},
+    "ID_Miscellaneous_hc": {"2017": 1.0},
+    "ID_RealEstate_hc": {"2017": 1.0}
+}
+// Note: This reform file does not include several important provisions
+// in the proposal:
+// - Providing tax relief for families with child and dependent care expenses
+// - 15% corporate income tax rate
+// - Switch to a territorial tax system
+// - One-time tax on repatriated profits held overseas
+// - Eliminate tax breaks for special interests
+// - Repeal of the estate tax

taxcalc/reforms/Trump2017.out.csv

@@ -0,0 +1,10 @@
+RECID,c00100,standard,c04800,iitax,payrolltax
+11,30000.00,13446.83,12265.02,-573.50,4590.00
+12,60000.00,13446.83,42265.02,2739.00,9180.00
+13,460000.00,13446.83,446553.17,106145.92,32754.80
+21,60000.00,26893.67,15953.73,-4004.63,9180.00
+22,120000.00,26893.67,75953.73,2495.37,18360.00
+23,240000.00,26893.67,195953.73,36933.93,36720.00
+31,30000.00,19799.67,1624.03,-4546.61,4590.00
+32,60000.00,19799.67,31624.03,362.40,9180.00
+33,120000.00,19799.67,91624.03,13412.91,18360.00

taxcalc/reforms/archive/Clinton2016.json

@@ -0,0 +1,56 @@
+// Title: Select Provisions from the Clinton Tax Plan
+// Reform_File_Author: Cody Kallen
+// Reform Reference: https://www.hillaryclinton.com/briefing/factsheets/2016/01/12/investing-in-america-by-restoring-basic-fairness-to-our-tax-code/
+// Reform_Baseline: 2017_law.json
+// Reform Description:
+// -  4% surcharge on AGI above $5 million ($2.5 million for married filing separately) (1)
+// -  Establishment of the "Fair Share Tax" at a 30% rate (aka the Buffett rule) (2)
+// -  Limit the tax value of itemized deductions to 28% (3)
+// -  Expansion of the Child Tax Credit and Additional CHild Tax Credit for children under 5 (4)
+// -  Including more business income in the base for the Net Investment Income Tax (5)
+// Reform_Parameter_Map:
+// -  1: AGI_surtax*
+// -  2: FST_AGI_trt
+// -  3: ID_BenefitCap*
+// -  4: CTC_c_under5_bonus, ACTC_rt_bonus_under5family
+// -  5: NIIT_PT_taxed
+{
+    "AGI_surtax_trt": {"2017": 0.04},
+    "AGI_surtax_thd": {"2017": [5.0e6, 5.0e6, 2.5e6, 5.0e6, 5.0e6]},
+    "FST_AGI_trt": {"2017": 0.3},
+    "ID_BenefitCap_Switch": {
+        "2017": [true, true, true, true, true, true, false]
+    },
+    "ID_BenefitCap_rt": {"2017": 0.28},
+    "CTC_c_under5_bonus": {"2017": 1000},
+    "ACTC_rt_bonus_under5family": {"2017": 0.3},
+    "NIIT_PT_taxed": {"2017": true}
+}
+// Note: Due to lack of detail, data, or modeling capability, many provisions cannot be scored.
+// These omitted provisions include:
+// -  New structure on capital gains taxes:
+//    -  39.6% if held less than 2 years
+//    -  36% if held 2-3 years
+//    -  32% if held 3-4 years
+//    -  28% if held 4-5 years
+//    -  24% if held 5-6 years
+//    -  20% if held 6 years or longer
+// -  Limit contributions to tax-deferred and tax-free retirement accounts
+// -  Limit tax benefits of like-kind exchanges
+// -  Reduce estate tax exemption to $3.5 million ($7 million for couples)
+// -  Progressive estate tax rates, with top rate of 65 percent
+// -  Tax unrealized gains at death for high-income taxpayers
+// -  Tax carried interest at ordinary tax rates
+// -  A 20% credit for caregiver expenses
+// -  Up to $5000 in tax relief for excessive health care costs
+// -  Financial risk fee on large banks
+// -  Tax on high-frequency trading
+// -  Expand small business expensing (Section 179)
+// -  Expand cash expensing for small businesses
+// -  Expand start-up deduction, create a small business deduction
+// -  Expand ACA credit for small businesses
+// -  Create business tax credits for profit-sharing and apprenticeships
+// -  Repeal the Cadillac Tax on high-cost health plans
+// -  New rules to prevent corporate inversions
+// -  Limit net interest deduction to share in consolidated financial statements
+// -  "Exit tax" on US multinationals that become foreign residents

taxcalc/reforms/archive/RyanBrady.json

@@ -0,0 +1,104 @@
+// Title: 2016 Better Way Tax Reform Blueprint (Ryan-Brady)
+// Reform_File_Author: Cody Kallen
+// Reform_Reference: http://abetterway.speaker.gov/_assets/pdf/ABetterWay-Tax-PolicyPaper.pdf
+// Reform_Baseline: 2017_law.json
+// Reform_Description:
+// -  New personal income tax schedule (regular/non-AMT/non-pass-through) (1)
+// -  New pass-through income tax schedule (2)
+// -  Tax long-term capital gains and qualified dividends as ordinary income,
+//    - exclude half of interest, qualified dividends, and long-term gain (before loss limitation)(3)
+// -  Repeal Alternative Minimum Tax (4)
+// -  Repeal Net Investment Income Tax (5)
+// -  Raise the Standard Deduction and repeal the Additional Standard Deduction (6)
+// -  Repeal the Personal Exemption (7)
+// -  New $500 nonrefundable credit, based on Child Tax Credit (8)
+// -  Eliminate marriage penalty in Child Tax Credit phase-out (9)
+// -  Repeal itemized deductions except mortgage interest and charitable contribution (10)
+// Reform_Parameter_Map:
+// - 1: _II_rt*
+// - 2: _PT_rt*
+// - 3: _CG_nodiff, _ALD_InvInc_ec*
+// - 4: _AMT_*
+// - 5: _NIIT_rt
+// - 6: _STD
+// - 7: _II_em
+// - 8: _DependentCredit_Child_c, _DependentCredit_Nonchild_c
+// - 9: _CTC_ps
+// - 10: _ID*
+{
+  "policy": {
+        "_II_rt1":
+            {"2017": [0.12]},
+        "_II_rt2":
+            {"2017": [0.12]},
+        "_II_rt3":
+            {"2017":  [0.25]},
+        "_II_rt4":
+            {"2017":  [0.25]},
+        "_II_rt5":
+            {"2017": [0.33]},
+        "_II_rt6":
+            {"2017": [0.33]},
+        "_II_rt7":
+            {"2017": [0.33]},
+        "_PT_rt1":
+            {"2017": [0.12]},
+        "_PT_rt2":
+            {"2017": [0.12]},
+        "_PT_rt3":
+            {"2017": [0.25]},
+        "_PT_rt4":
+            {"2017": [0.25]},
+        "_PT_rt5":
+            {"2017": [0.25]},
+        "_PT_rt6":
+            {"2017": [0.25]},
+        "_PT_rt7":
+            {"2017": [0.25]},
+        "_CG_nodiff":
+            {"2017": [true]},
+        "_ALD_InvInc_ec_rt":
+            {"2017": [0.5]},
+        "_ALD_InvInc_ec_base_RyanBrady":
+            {"2017": [true]},
+        "_AMT_rt1":
+            {"2017": [0]},
+        "_AMT_rt2":
+            {"2017": [0]},
+        "_NIIT_rt":
+            {"2017": [0]},
+        "_STD":
+            {"2017": [[12000, 24000, 12000, 18000, 24000]]},
+        "_STD_Aged":
+            {"2017": [[0, 0, 0, 0, 0]]},
+        "_II_em":
+            {"2017": [0]},
+        "_DependentCredit_Child_c":
+            {"2017": [500]},
+        "_DependentCredit_Nonchild_c":
+            {"2017": [500]},
+        "_CTC_ps":
+            {"2017": [[75000, 150000, 75000, 75000, 75000]]},
+        "_ID_StateLocalTax_hc":
+            {"2017": [1.0]},
+        "_ID_Medical_hc":
+            {"2017": [1.0]},
+        "_ID_Casualty_hc":
+            {"2017": [1.0]},
+        "_ID_Miscellaneous_hc":
+            {"2017": [1.0]},
+        "_ID_RealEstate_hc":
+            {"2017": [1.0]}
+  }
+}
+
+// Note: This reform file does not include several important reforms in the plan.
+// The omitted reforms include:
+// -  Repeal the estate tax and generation-skipping transfer tax
+// -  Reduce the corporate tax rate to 20%
+// -  Repeal the Corporate AMT
+// -  Immediate expensing of corporate investment except for land and inventories
+// -  Eliminate net interest deduction
+// -  Limitation on current NOL use, expansion of NOL carry-forward
+// -  Eliminate Section 199 - Domestic production deduction
+// -  Border adjustment of business taxes