Merge pull request #1169 from andersonfrailey/CurrentLawUpdates

Current law parameter updates

taxcalc/comparison/reform_results.txt

@@ -2,10 +2,10 @@
 PAYROLL TAXES
 ""
 Increase the Social Security payroll tax rate by 1pts
-Tax-Calculator,62.1,64.5,67.6,70.5
+Tax-Calculator,62.1,64.5,68.0,70.9
 ""
 Increase the maximum taxable earnings (177500) for the social security payroll tax
-Tax-Calculator,54.9,65.1,66.5,68.0
+Tax-Calculator,54.9,65.1,61.7,63.2
 Budget Options,40,46,49,51
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 Increase the payroll tax rate for Medicare (HI) by 1pts
@@ -21,25 +21,25 @@ Tax-Calculator,0.8,0.9,1.0,1.1
 SOCIAL SECURITY TAXABILITY
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 Exclusion of untaxed social security and railroad retirement
-Tax-Calculator,38.8,40.0,41.1,43.2
+Tax-Calculator,38.8,40.0,41.7,43.8
 Tax Expenditure,39,42,44,47
 Budget Options,35,37,38,40
 ""
 ADJUSTMENTS
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 Net exclusion of KEOGH plan
-Tax-Calculator,7.1,7.3,7.6,7.9
+Tax-Calculator,7.1,7.3,7.6,8.0
 Tax Expenditure,9,10,11,16
 ""
 Deduction for student loans
 Tax-Calculator,1.7,1.8,1.9,2.0
 Tax Expenditure,2,2,2,2
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 Eliminate adjustment for self-employment tax
-Tax-Calculator,4.1,4.3,4.6,4.9
+Tax-Calculator,4.1,4.3,4.7,5.0
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 Eliminate adjustment for self-employed health insurance
-Tax-Calculator,5.8,5.9,6.1,6.4
+Tax-Calculator,5.8,5.9,6.2,6.4
 ""
 Eliminate adjustment for alimony payments
 Tax-Calculator,2.1,2.2,2.3,2.4
@@ -50,50 +50,50 @@ Tax-Calculator,0.1,0.1,0.1,0.1
 EXEMPTION
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 Increase personal and dependent exemption amount by 1000
-Tax-Calculator,-32.4,-34.6,-36.0,-37.4
+Tax-Calculator,-32.4,-34.6,-39.4,-40.8
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 Increase personal exemption phaseout starting AGI by 10,000
-Tax-Calculator,-0.1,-0.1,-0.1,-0.1
+Tax-Calculator,-0.1,-0.1,-0.1,-0.2
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 Increase personal exemption phaseout rate by 1 pts
 Tax-Calculator,0.2,0.2,0.2,0.2
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 STANDARD DEDUCTION
 ""
 Increase standard deduction by 100
-Tax-Calculator,-1.0,-2.5,-2.7,-2.8
+Tax-Calculator,-1.0,-2.5,-4.1,-4.3
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 Increase additional standard deduction for aged and blind by 100
-Tax-Calculator,-0.3,-0.3,-0.4,-0.4
+Tax-Calculator,-0.3,-0.3,-0.4,-0.5
 ""
 ITEMIZED DEDUCTION
 ""
 Real Estate
-Tax-Calculator,36.1,38.2,39.9,41.8
+Tax-Calculator,36.1,38.2,40.2,42.1
 Tax Expenditure,34,36,39,41
 ""
 Home Mortgage
-Tax-Calculator,69.4,74.9,79.3,84.2
+Tax-Calculator,69.4,74.9,80.1,85.1
 Tax Expenditure,75,82,88,93
 ""
 Both real estate and state and local
-Tax-Calculator,101.7,107.7,112.5,117.8
+Tax-Calculator,101.7,107.7,113.3,118.7
 Tax Expenditure,75,82,88,93
 ""
 State & Local
-Tax-Calculator,67.3,70.9,73.9,77.1
+Tax-Calculator,67.3,70.9,74.3,77.5
 Tax Expenditure,59,63,67,71
 ""
 Medical
-Tax-Calculator,8.1,8.5,7.7,8.0
+Tax-Calculator,8.1,8.5,7.9,8.1
 Tax Expenditure,11,12,13,14
 ""
 Casualty
 Tax-Calculator,0.5,0.5,0.5,0.6
 Tax Expenditure,0,0,0,0
 ""
 Charitable
-Tax-Calculator,46.7,49.2,51.3,53.6
+Tax-Calculator,46.7,49.2,51.7,53.9
 Tax Expenditure,46,47,48,50
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 Decrease AGI floor for miscellaneous expenses by 1 pts
@@ -103,13 +103,13 @@ Increase Itemized deduction maximum phaseout by 10%
 Tax-Calculator,0.2,0.2,0.2,0.2
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 Increase Itemized Deduction phaseout starting AGI by 10,000
-Tax-Calculator,0.1,0.1,0.1,0.1
+Tax-Calculator,0.1,0.1,0.0,0.0
 ""
 Increase Itemized Deduction phaseout rate by 1 pts
-Tax-Calculator,4.4,4.5,4.6,4.7
+Tax-Calculator,4.4,4.5,4.7,4.8
 ""
 limit the tax value of ID to 6% of AGI
-Tax-Calculator,19.9,20.9,21.8,22.8
+Tax-Calculator,19.9,20.9,22.0,23.0
 Budget Options,11,9,8,7
 ""
 CAPITAL GAIN
@@ -124,49 +124,49 @@ Budget Options,5,5,5,6
 REGULAR TAXES
 ""
 Increase each bracket rate by 1%
-Tax-Calculator,58.7,61.3,63.8,66.3
+Tax-Calculator,58.7,61.3,64.0,66.5
 Budget Options,56,60,65,69
 ""
 Increase top 4 rates by 1%
-Tax-Calculator,14.1,14.7,15.0,15.3
+Tax-Calculator,14.1,14.7,15.2,15.5
 Budget Options,11,12,14,15
 ""
 Increase top 2 rates by 1%
-Tax-Calculator,9.3,9.5,9.6,9.7
+Tax-Calculator,9.3,9.5,9.7,9.8
 Budget Options,7,8,9,10
 ""
 Alternative Minimum Tax
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 Increase exemption amount by 1000
-Tax-Calculator,-1.1,-2.4,-2.5,-2.6
+Tax-Calculator,-1.1,-2.4,-3.8,-4.0
 ""
 Alternative Minimum Tax
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 Increase exemption phaseout starting AMTI by 10,000
-Tax-Calculator,-2.5,-3.2,-3.4,-3.5
+Tax-Calculator,-2.5,-3.2,-4.0,-4.2
 ""
 Alternative Minimum Tax
 ""
 Increase exemption phaseout rate by 2 pts
-Tax-Calculator,2.7,2.9,3.0,3.2
+Tax-Calculator,2.7,2.9,3.1,3.2
 ""
 Alternative Minimum Tax
 ""
 Increase AMT rate under the surtax threshold by 2 pts
-Tax-Calculator,27.9,29.8,31.0,32.5
+Tax-Calculator,27.9,29.8,31.4,32.9
 ""
 Alternative Minimum Tax
 ""
 Increase AMT rate above the surtax threshold by 2 pts
-Tax-Calculator,9.0,9.6,10.1,10.5
+Tax-Calculator,9.0,9.6,10.2,10.7
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 Increase AMT surtax threshold by 10,000
-Tax-Calculator,-0.5,-0.7,-0.7,-0.7
+Tax-Calculator,-0.5,-0.7,-0.9,-0.9
 ""
 NONREFUNDABLE CREDIT
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 Total expenditure from child tax credit
-Tax-Calculator,50.9,50.3,49.6,49.1
+Tax-Calculator,50.9,50.3,49.7,49.2
 Tax Expenditure,57,57,57,57
 ""
 Increase Child Tax Credit phaseout rate by 1 pts
@@ -178,17 +178,17 @@ Tax-Calculator,-0.2,-0.2,-0.2,-0.2
 REFUNDABLE CREDIT
 ""
 Earned income tax credit, total
-Tax-Calculator,65.4,64.8,66.3,68.0
+Tax-Calculator,65.4,64.8,64.6,66.2
 Tax Expenditure,70,71,72,70
 ""
 Increase EITC phaseout rate by 1 pts
 Tax-Calculator,1.2,1.2,1.2,1.2
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 Increase EITC phaseout starting AGI by 1000
-Tax-Calculator,-2.1,-2.7,-2.8,-2.8
+Tax-Calculator,-2.1,-2.7,-3.3,-3.4
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 Increase Maximum EITC allowed by 100
-Tax-Calculator,-2.1,-3.1,-3.2,-3.3
+Tax-Calculator,-2.1,-3.1,-4.3,-4.4
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 Increase additional child tax credit rate by 2 pts
 Tax-Calculator,-0.7,-0.6,-0.6,-0.6
@@ -216,5 +216,5 @@ Tax-Calculator,-109.1,-112.4,-116.6,-120.9
 FAIR SHARE TAX
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 Increase FST rate from zero to 0.30 beginning in 2017
-Tax-Calculator,42.4,42.3,42.2,42.7
+Tax-Calculator,42.3,42.2,42.1,42.6
 Tax Foundation: 321 ten-year(2016-25) static estimate