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Bodi Yang committed Apr 9, 2024
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8 changes: 4 additions & 4 deletions docs/recipes/recipe2.ipynb
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"id": "74f9d282",
"metadata": {},
"source": [
"### policy reform: increase the employer side FICA social security payroll tax rate to 0.072, for the year 2025 "
"#### policy reform: increase the employer side FICA social security payroll tax rate to 0.072, for the year 2025 "
]
},
{
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"id": "f7e42f55",
"metadata": {},
"source": [
"### (1) Calculate the total tax revenue after the reform (without offset)"
"### (1) total tax revenue after the reform (without offset)"
]
},
{
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"id": "884f4b3c",
"metadata": {},
"source": [
"### (2) Calculate the total tax revenue after the reform, considering the offset"
"### (2) total tax revenue after the reform, considering the offset"
]
},
{
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"id": "8d919226",
"metadata": {},
"source": [
"### Comparison of total tax revenue calculation of baseline policy, reform policy (without offset), and reform policy considering offset"
"Comparison of total tax revenue calculation of baseline policy, reform policy (without offset), and reform policy considering offset"
]
},
{
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138 changes: 29 additions & 109 deletions docs/recipes/recipe3.ipynb
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"id": "3619c8ba",
"metadata": {},
"source": [
"#### reform 1: rise 1% employer side FICA social security\n",
"#### reform 2: rise 1% employee side FICA social security"
"### reform 1: rise 1% employer side FICA social security, from 2025\n",
"### reform 2: rise 1% employee side FICA social security, from 2025"
]
},
{
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"id": "9087ae60",
"metadata": {},
"source": [
"year: 2023\n",
"current law combined tax revenue: $ 3636.44 Billions\n",
" \n",
"reform 1 to rise 1% employer side FICA social security \n",
"Combined Tax Revenue:\n",
"\n",
"reformed law combined tax revenue: $ 3636.44 Billions\n",
"year: 2023\n",
"\n",
"offset combined tax revenue: 3636.44 Billions\n",
"current law: $ 3636.44 Billions\n",
" \n",
"reform 2 to rise 1% employee side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 3636.44 Billions\n",
"\n",
"offset combined tax revenue: 3636.44 Billions\n",
"reform 1: $ 3636.44 Billions; offset: 3636.44 Billions\n",
" \n",
"reform 2: $ 3636.44 Billions; offset: 3636.44 Billions\n",
" \n",
"year: 2024\n",
"\n",
"current law combined tax revenue: $ 3757.61 Billions\n",
"current law: $ 3757.61 Billions\n",
" \n",
"reform 1 to rise 1% employer side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 3757.61 Billions\n",
"\n",
"offset combined tax revenue: 3757.61 Billions\n",
"reform 1: $ 3757.61 Billions; offset: 3757.61 Billions\n",
" \n",
"reform 2 to rise 1% employee side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 3757.61 Billions\n",
"\n",
"offset combined tax revenue: 3757.61 Billions\n",
"reform 2: $ 3757.61 Billions; offset: 3757.61 Billions\n",
" \n",
"year: 2025\n",
"\n",
"current law combined tax revenue: $ 3952.99 Billions\n",
"current law: $ 3952.99 Billions\n",
" \n",
"reform 1 to rise 1% employer side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 4053.78 Billions\n",
"\n",
"offset combined tax revenue: 4023.51 Billions\n",
"reform 1: $ 4053.78 Billions; offset: 4023.51 Billions\n",
" \n",
"reform 2 to rise 1% employee side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 4053.78 Billions\n",
"\n",
"offset combined tax revenue: 4053.78 Billions\n",
"reform 2: $ 4053.78 Billions; offset: 4053.78 Billions\n",
" \n",
"year: 2026\n",
"\n",
"current law combined tax revenue: $ 4353.22 Billions\n",
"current law: $ 4353.22 Billions\n",
" \n",
"reform 1 to rise 1% employer side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 4458.41 Billions\n",
"\n",
"offset combined tax revenue: 4423.9 Billions\n",
"reform 1: $ 4458.41 Billions; offset: 4423.9 Billions\n",
" \n",
"reform 2 to rise 1% employee side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 4458.41 Billions\n",
"\n",
"offset combined tax revenue: 4458.41 Billions\n",
"reform 2: $ 4458.41 Billions; offset: 4458.41 Billions\n",
" \n",
"year: 2027\n",
"\n",
"current law combined tax revenue: $ 4543.83 Billions\n",
"current law: $ 4543.83 Billions\n",
" \n",
"reform 1 to rise 1% employer side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 4653.24 Billions\n",
"\n",
"offset combined tax revenue: 4617.23 Billions\n",
"reform 1: $ 4653.24 Billions; offset: 4617.23 Billions\n",
" \n",
"reform 2 to rise 1% employee side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 4653.24 Billions\n",
"\n",
"offset combined tax revenue: 4653.24 Billions\n",
"reform 2: $ 4653.24 Billions; offset: 4653.24 Billions\n",
" \n",
"year: 2028\n",
"\n",
"current law combined tax revenue: $ 4737.26 Billions\n",
"current law: $ 4737.26 Billions\n",
" \n",
"reform 1 to rise 1% employer side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 4850.96 Billions\n",
"\n",
"offset combined tax revenue: 4813.43 Billions\n",
"reform 1: $ 4850.96 Billions; offset: 4813.43 Billions\n",
" \n",
"reform 2 to rise 1% employee side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 4850.96 Billions\n",
"\n",
"offset combined tax revenue: 4850.96 Billions\n",
"reform 2: $ 4850.96 Billions; offset: 4850.96 Billions\n",
" \n",
"year: 2029\n",
"\n",
"current law combined tax revenue: $ 4935.73 Billions\n",
"current law: $ 4935.73 Billions\n",
" \n",
"reform 1 to rise 1% employer side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 5053.9 Billions\n",
"\n",
"offset combined tax revenue: 5014.79 Billions\n",
"reform 1: $ 5053.9 Billions; offset: 5014.79 Billions\n",
" \n",
"reform 2 to rise 1% employee side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 5053.9 Billions\n",
"\n",
"offset combined tax revenue: 5053.9 Billions\n",
"reform 2: $ 5053.9 Billions; offset: 5053.9 Billions\n",
" \n",
"year: 2030\n",
"\n",
"current law combined tax revenue: $ 5139.73 Billions\n",
"current law: $ 5139.73 Billions\n",
" \n",
"reform 1 to rise 1% employer side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 5262.54 Billions\n",
"\n",
"offset combined tax revenue: 5221.78 Billions\n",
"reform 1: $ 5262.54 Billions; offset: 5221.78 Billions\n",
" \n",
"reform 2 to rise 1% employee side FICA social security \n",
"\n",
"reformed law combined tax revenue: $ 5262.54 Billions\n",
"\n",
"offset combined tax revenue: 5262.54 Billions"
]
},
{
"cell_type": "markdown",
"id": "89da5905",
"metadata": {},
"source": [
"### Case example, for the year 2030:\n",
"\n",
"#### Baseline Policy: \n",
"combined tax revenue: $ 5139.73 Billions\n",
"\n",
"#### Reform 1 to rise 1% employer side FICA social security\n",
"\n",
"combined tax revenue with offset applied: 5221.78 Billions\n",
"\n",
"#### Reform 2 to rise 1% employee side FICA social security \n",
"\n",
"combined tax revenue with offset applied: 5262.54 Billions "
"reform 2: $ 5262.54 Billions; offset: 5262.54 Billions"
]
}
],
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