{"action":"created","issue":{"url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/1620","repository_url":"https://api.github.com/repos/open-source-economics/Tax-Calculator","labels_url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/1620/labels{/name}","comments_url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/1620/comments","events_url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/1620/events","html_url":"https://github.com/open-source-economics/Tax-Calculator/pull/1620","id":270832353,"number":1620,"title":"Restructure PT income determination","user":{"login":"codykallen","id":20171679,"avatar_url":"https://avatars1.githubusercontent.com/u/20171679?v=4","gravatar_id":"","url":"https://api.github.com/users/codykallen","html_url":"https://github.com/codykallen","followers_url":"https://api.github.com/users/codykallen/followers","following_url":"https://api.github.com/users/codykallen/following{/other_user}","gists_url":"https://api.github.com/users/codykallen/gists{/gist_id}","starred_url":"https://api.github.com/users/codykallen/starred{/owner}{/repo}","subscriptions_url":"https://api.github.com/users/codykallen/subscriptions","organizations_url":"https://api.github.com/users/codykallen/orgs","repos_url":"https://api.github.com/users/codykallen/repos","events_url":"https://api.github.com/users/codykallen/events{/privacy}","received_events_url":"https://api.github.com/users/codykallen/received_events","type":"User","site_admin":false},"labels":[{"id":414455048,"url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/labels/in%20progress","name":"in progress","color":"ededed","default":false}],"state":"open","locked":false,"assignee":null,"assignees":[],"milestone":null,"comments":15,"created_at":"2017-11-02T22:49:17Z","updated_at":"2017-11-03T12:28:38Z","closed_at":null,"author_association":"CONTRIBUTOR","pull_request":{"url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/pulls/1620","html_url":"https://github.com/open-source-economics/Tax-Calculator/pull/1620","diff_url":"https://github.com/open-source-economics/Tax-Calculator/pull/1620.diff","patch_url":"https://github.com/open-source-economics/Tax-Calculator/pull/1620.patch"},"body":"This PR improves the capabilities to determine how much pass-through income is eligible to be taxed at the PT rates instead of the II rates. This PR creates 4 new parameters, which determine whether Sch C income (`e00900`), partnership and S corporation income (`e26270`) and other Sch E income (`e02000 - e26270`) count as business income, with a separate parameter to determine what portion of business income is taxed at the PT rates. \r\n\r\nThis PR implements the idea in issue #1619 that can be applied for the Tax Cuts and Jobs Act. Note that this is applicable for the 30/70 capital labor split, although not for their alternative \"normal return\" method. \r\n"},"comment":{"url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/comments/341690138","html_url":"https://github.com/open-source-economics/Tax-Calculator/pull/1620#issuecomment-341690138","issue_url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/1620","id":341690138,"user":{"login":"martinholmer","id":12170745,"avatar_url":"https://avatars1.githubusercontent.com/u/12170745?v=4","gravatar_id":"","url":"https://api.github.com/users/martinholmer","html_url":"https://github.com/martinholmer","followers_url":"https://api.github.com/users/martinholmer/followers","following_url":"https://api.github.com/users/martinholmer/following{/other_user}","gists_url":"https://api.github.com/users/martinholmer/gists{/gist_id}","starred_url":"https://api.github.com/users/martinholmer/starred{/owner}{/repo}","subscriptions_url":"https://api.github.com/users/martinholmer/subscriptions","organizations_url":"https://api.github.com/users/martinholmer/orgs","repos_url":"https://api.github.com/users/martinholmer/repos","events_url":"https://api.github.com/users/martinholmer/events{/privacy}","received_events_url":"https://api.github.com/users/martinholmer/received_events","type":"User","site_admin":false},"created_at":"2017-11-03T12:28:38Z","updated_at":"2017-11-03T12:28:38Z","author_association":"CONTRIBUTOR","body":"\n\nSent from my iPhone\n\n> On Nov 3, 2017, at 8:23 AM, codykallen <notifications@github.com> wrote:\n> \n> My understanding is that if someone has $100 wages from their firm and $100 pass thru income, then the 70/30 rule says $60 will be taxed at pass through rates and $140 will be taxed at ordinary rates.\n> \n> In that case, this PR does not model it correctly, but the existing method of taxing pass-through rates is also incorrect, more so than this PR.\n> \n\nCody, Why do keep saying this when you’ve already said in #1619 that the master branch has the correct definition of passthru income under current law?\n\n\n> If they are coming up with more difficult rules, I'll close this PR, and it's on you to model them.\n> \n"}}
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