LA income tax difference with TAXSIM35 #3835
Replies: 2 comments
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@martinholmer I am very unsure about the following case. The question that I am having is the role of the exemptions in the calculation and the application of the rate to the taxable income. This differs from the amount of the tax table: From here I am unsure how the TAXSIM model reaches the value of Please let me know if I am misreading or missing any step here |
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@PavelMakarchuk, It seems to me that your calculations in discussion topic #3835 don't correspond to how the LA form says to use the tax tables. Look carefully at this part of the 2021 form: I don't think the Line 10 amount is the "taxable income" amount in your discussion. And it is the Line 10 amount that is used in the tax tables. Here is the part your screenshot omitted: |
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The following integration test fails. It is not yet known whether the
tax logic problem is in TAXSIM35 or in the current PEUS code, or
whether there are problems in both models. This topic is meant to
facilitate discussion of why this test fails, primarily by reporting
the results of hand calculations required to fill out the relevant tax
form.
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