Fix calculation of c02900

PSLmodels · Apr 19, 2018 · 48f83cc · 48f83cc
1 parent f978987
commit 48f83cc
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Showing 3 changed files with 863 additions and 866 deletions.
diff --git a/taxcalc/functions.py b/taxcalc/functions.py
@@ -313,9 +313,6 @@ def CapGains(p23250, p22250, sep, ALD_StudentLoan_hc,
     ymod1 = (e00200 + e00700 + e00800 + e01400 + e01700 +
              invinc - invinc_agi_ec + e02100 + e02300 +
              max(e00900 + e02000, -ALD_BusinessLosses_c[MARS - 1]))
-    # compute business loss excluded from ymod1 but included in expanded_income
-    excluded_loss = min(e00900 + e02000 + ALD_BusinessLosses_c[MARS - 1], 0.)
-    c02900 += excluded_loss
     if CG_nodiff:
         # apply QDIV+CG exclusion if QDIV+LTCG receive no special tax treatment
         qdcg_pos = max(0., e00650 + c01000)
@@ -327,7 +324,7 @@ def CapGains(p23250, p22250, sep, ALD_StudentLoan_hc,
     ymod2 = e00400 + (0.50 * e02400) - c02900
     ymod3 = (1. - ALD_StudentLoan_hc) * e03210 + e03230 + e03240
     ymod = ymod1 + ymod2 + ymod3
-    return (c01000, c23650, ymod, ymod1, invinc_agi_ec, c02900)
+    return (c01000, c23650, ymod, ymod1, invinc_agi_ec)
 
 
 @iterate_jit(nopython=True)

diff --git a/taxcalc/tests/reforms.json b/taxcalc/tests/reforms.json
@@ -639,7 +639,7 @@
       "name": "Repeal TCJA chained CPI indexing",
       "output_type": "iitax",
       "compare_with": {},
-      "expected": "Tax-Calculator,0.0,-46.3,-48.7,-53.4"
+      "expected": "Tax-Calculator,0.0,-30.2,-32.5,-36.8"
   }, 
 
   "59": {