Optional Sales Tax

changelog_entry.yaml

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+- bump: minor
+  changes:
+    added:
+    - Optional State Sales Tax Rates.

policyengine_us/parameters/gov/irs/deductions/itemized/salt_and_real_estate/state_sales_tax_table/income_bracket.yaml

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+description: Montana taxes the net long-term capital gains by the following marginal rates for head of household filers, according to the taxable income.
+metadata:
+  threshold_unit: currency-USD
+  period: year
+  type: single_amount
+  label: Montana capital gains tax rates for head of household filers
+  rate_unit: /1
+  reference:
+    - title: 2023 Montana Form 2 Individual Income Tax Instructions, Net Long-Term Capital Gains Tax Table
+      href: https://mtrevenue.gov/wp-content/uploads/dlm_uploads/2023/12/Form_2_2023_Instructions.pdf#page=6
+    - title: Montana Code Annotated 2023, TITLE 15. TAXATION, CHAPTER 30. INDIVIDUAL INCOME TAX, Part 21. Rate and General Provisions-(2)
+      href: https://leg.mt.gov/bills/mca/title_0150/chapter_0300/part_0210/section_0030/0150-0300-0210-0030.html
+brackets:
+  - threshold:
+      2024-01-01: 0
+    amount: 
+      2024-01-01: 1
+  - threshold: 
+      2024-01-01: 20_000
+    amount: 
+      2024-01-01: 2
+  - threshold: 
+      2024-01-01: 30_000
+    amount: 
+      2024-01-01: 3
+  - threshold: 
+      2024-01-01: 40_000
+    amount: 
+      2024-01-01: 4
+  - threshold: 
+      2024-01-01: 50_000
+    amount: 
+      2024-01-01: 5
+  - threshold: 
+      2024-01-01: 60_000
+    amount: 
+      2024-01-01: 6
+  - threshold: 
+      2024-01-01: 70_000
+    amount: 
+      2024-01-01: 7
+  - threshold: 
+      2024-01-01: 80_000
+    amount: 
+      2024-01-01: 8
+  - threshold: 
+      2024-01-01: 90_000
+    amount: 
+      2024-01-01: 9
+  - threshold: 
+      2024-01-01: 100_000
+    amount: 
+      2024-01-01: 10
+  - threshold: 
+      2024-01-01: 120_000
+    amount: 
+      2024-01-01: 11
+  - threshold: 
+      2024-01-01: 140_000
+    amount: 
+      2024-01-01: 12
+  - threshold: 
+      2024-01-01: 160_000
+    amount: 
+      2024-01-01: 13
+  - threshold: 
+      2024-01-01: 180_000
+    amount: 
+      2024-01-01: 14
+  - threshold: 
+      2024-01-01: 200_000
+    amount: 
+      2024-01-01: 15
+  - threshold: 
+      2024-01-01: 225_000
+    amount: 
+      2024-01-01: 16
+  - threshold: 
+      2024-01-01: 250_000
+    amount: 
+      2024-01-01: 17
+  - threshold: 
+      2024-01-01: 275_000
+    amount: 
+      2024-01-01: 18
+  - threshold: 
+      2024-01-01: 300_000
+    amount: 
+      2024-01-01: 19

policyengine_us/parameters/gov/irs/deductions/itemized/salt_and_real_estate/state_sales_tax_table/income_sources.yaml

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+description: The IRS counts these sources as income for the optional state sales tax tables.
+metadata:
+  period: year
+  unit: list
+  label: State sales tax table income sources
+  reference:
+    - title: Instructions for Schedule A (2024)
+      href: https://www.irs.gov/instructions/i1040sca#en_US_2024_publink1000131499
+
+values:
+  2023-01-01:
+    - adjusted_gross_income
+    - tax_exempt_interest_income
+    - veterans_benefits
+    # Nontaxable combat pay - not available.
+    - workers_compensation
+    - tax_exempt_social_security
+    # Nontaxable IRA, pension, or annuity distributions (excluding rollovers).
+    - tax_exempt_pension_income
+    - tax_exempt_retirement_distributions
+    # Public assistance payments.
+    - tanf
+    - ssi