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Show HN: Calculator for US individual income tax, from 1970-present

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Re: Show HN: Calculator for US individual income tax, from 1970-present

#61
post #14

Earlier quoted context omitted.

The IRS can already calculate your taxes for you. In other countries you just have to confirm what the revenue department calculates as your liability and hit "submit". You have to do the calculations yourself because TurboTax et al., and accountants lobbied so taxes are complicated and must be completed by the filer (or their accountant).

From the abstract of NBER paper I mentioned [1]: > Each year Americans spend over two billion hours and $30 billion preparing individual tax returns, and these filing costs are regressive. To lower and redistribute the filing burden, some commentators have proposed having the IRS pre-populate tax returns for individuals. We evaluate this hypothetical policy using a large, nationally representative sample of returns f…

One problem is that information is not tabulated by the IRS in time for a mid-April return date.

Order your tax “transcript of account” in late March and again in late August. It’ll be substantially more complete in late August.

Re: Show HN: Calculator for US individual income tax, from 1970-present

#62
post #51
post #38

Earlier quoted context omitted.

In 2014, the Policy Simulation Library [1] added a model called Tax-Simulator [2], which is a Python reimplementation of TAXSIM [3][4]. It is available as open-source [5], and designed to let researchers both change existing policy variables and implement new tax reforms in Python. [1] https://pslmodels.org/ [2] https://taxcalc.pslmodels.org/ [3] https://taxcalc.pslmodels.org/about/history.html [4] https://github.com…

France has an open source implementation of their tax code [0]. The paper [1] gives an overview of the implementation language, mlang. [0] https://github.com/MLanguage/mlang [1] https://arxiv.org/abs/2011.07966

France has also developed the OpenFisca framework [1] for tax and benefit rules as code, and its OpenFisca France [2] model is widely used (I think significantly more than mlang). We've extended it to the UK [3] and the US [4].

[1] https://openfisca.org

[2] https://github.com/openfisca/openfisca-france

[3] https://github.com/policyengine/openfisca-uk

[4] https://github.com/policyengine/openfisca-us

Re: Show HN: Calculator for US individual income tax, from 1970-present

#63

I wish this would get written up in mainstream media. Hypothesis being that if more people knew this existed, it would put additional pressure on Congress to simplify tax filing.

And for all the complexity of the tax code, it often pales in comparison to the version of the tax code we subject low-income families to: rules for means-tested benefits.

Re: Show HN: Calculator for US individual income tax, from 1970-present

#65
Sort of tangentially, I'm working with other contributors on https://ustaxes.org, an open source tax filing webapp https://github.com/ustaxes/UsTaxes.

Currently, many Federal tax forms are supported, as well as tax filing for the state of Illinois. Filing for Oregon and California is under development!

Re: Show HN: Calculator for US individual income tax, from 1970-present

#67
Cool use of emscripten. Is this handling inflation at all? Fixed-number items like standard deduction will be impacted by that.

I think it gives a general idea of the tax situation, but possibly decreasing accuracy at high incomes, where a tax strategy can be implemented specific to the special deductions/credits each year, which are difficult to include in this form.

Re: Show HN: Calculator for US individual income tax, from 1970-present

#70

Sort of tangentially, I'm working with other contributors on https://ustaxes.org , an open source tax filing webapp https://github.com/ustaxes/UsTaxes . Currently, many Federal tax forms are supported, as well as tax filing for the state of Illinois. Filing for Oregon and California is under development!

When you say “filing” does this mean it actually electronically file the return or it just is able to print out the returns for sending in by post?
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