Puerto Rico Earned Income Credit #5479
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PavelMakarchuk
requested changes
Jan 14, 2025
| @@ -0,0 +1,16 @@ | |||
| description: | |||
| values: | |||
| 2010-12-31: 3.5 | |||
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Suggested change
| 2010-12-31: 3.5 | |
| 2010-12-31: 0.035 |
| 2015-12-31: 6 | ||
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| metadata: | ||
| unit: percent |
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| unit: percent | |
| unit: /1 |
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lets rename to max_investment_income.yaml
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We want to make a list parameter for the investment income types such as
interest_income
dividend_income
rental_income
capital_gains
child_support_received
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| class pr_earned_income_credit_eligible(Variable): | ||
| value_type = bool | ||
| unit = USD |
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| unit = USD |
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Lets make three new files (both marginal rate parameters):
phase_in_rate.yaml - 3.5 to 6%
max_credit.yaml : $600 (maybe changes by year)
phase_out_rate.yaml marginal_rate parameter
brackets:
- threshold:
0000-01-01: 0
rate:
2022-01-01: 0
- threshold:
2022-01-01: 10_000
rate:
2022-01-01: 0.02
- threshold:
2022-01-01: 35_000
rate:
2022-01-01: 0
For the computation of the credit:
- Calculate credit amount pre phase out
Income * phase_in_rate capped at max_credit - Calculate the phase_out
p.phase_out_rate.calc(income) - Calculate final value
credit - phase_out
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probably dont need this as it is mathematically derived
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Fixes #5467