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March 2020 Newsletter

This is a monthly newsletter of PSL model releases, events, and updates.
Subscribe at https://www.pslmodels.org and follow us on Twitter @PSLModels

User Highlights

Tax-Calculator: Release 2.9.0 incorporates January 2020 CBO economic projections and brings the final projection year to 2030. Projects that rely on Tax-Calculator, including Tax-Brain, Tax-Cruncher, and Cost-of-Capital-Calculator now also extend analysis through 2030.

Citations: Committee for a Responsible Federal Budget (Tax-Brain), Jensen (Tax-Cruncher), Mathur and Melly (Tax-Calculator), Pomerleau (Tax-Brain), Tedeschi (Tax-Brain, with update), Tedeschi (Tax-Brain)

Cost-of-Capital-Calculator

Evaluates the effect of US federal taxes on businesses' investment incentives

Releases and new features

Tax-Brain

An integrator package for multiple open source tax models

General Updates

  • Updates to allow use of Tax-Calculator 2.9.0.
  • Projections extended through 2030.

Tax-Calculator

A USA federal individual income and payroll tax microsimulation model

Releases and new features
  • Release 2.9.0
    • Incorporates January 2020 CBO economic projections, bringing final projection year to 2030.
    • Reinstates personal exemption phaseout (PEP) in 2026.

Tax-Cruncher

Calculates federal tax liabilities from individual data under a range of policy scenarios

Releases and new features
  • Release 3.2.0
    • Updates tax parameter values for 2019 based on IRS final values.
    • Fixes bug occurring when reading large input files to Batch class. 
PSL Catalog
  • Behavioral-Responses is a partial-equilibrium behavioral module that works with Tax-Calculator.
  • Cost-of-Capital-Calculator evaluates the effect of US federal taxes on businesses' investment incentives.
  • OG-USA is an overlapping-generations model for evaluating fiscal policy in the United States.
  • ParamTools is a library for parameter processing and validation with a focus on computational modeling projects.
  • PCI-China is a quarterly indicator that predicts China's policy changes.
  • Tax-Brain is an integrator package for multiple open source tax models.
  • Tax-Calculator is a USA federal individual income and payroll tax microsimulation model.
  • Tax-Cruncher calculates federal tax liabilities from individual data under a range of policy scenarios.