Business-Taxation

About Business-Taxation

Business-Taxation is a model to evaluate the effects of business tax policy on federal tax revenue. Business-Taxation uses IRS data, data on business assets and debt, and microdata on individual tax filers to compute changes in tax revenue. When distributing the changes in corporate business activity to owners of capital, Business-Taxation relies on Tax-Calculator, another open source model of federal income and payroll taxes. Business-Taxation is written in Python, an interpreted language that can execute on Windows, Mac, or Linux.

Disclaimer

This model is in a preliminary state and currently under development. The model components and the results will change as the model improves. Therefore, there is no guarantee of accurary. As of this version, the code should not be used for publications, journal articles or research purposes.

Set-up Instructions

External dependencies:

• taxcalc (Tax-Calculator)
• Public use file

Instructions:

• First, set up Python and GitHub. See the instructions for setting up Tax-Calculator.
• Clone this repo (or the one forked to your account). Navigate to the cloned repo, and enter the following commands:
  • git remote add upstream https://github.com/PSLmodels/Business-Taxation.git
  • conda env create
• In the Business-Taxation folder, add puf.csv. Check that taxcalc is installed as a package.
• To run Business-Taxation, see the example code in example.py.

Current status

Business-Taxation is undergoing a major refactoring to improve it and make it PSL-compliant.

Citing BRC

BRC (Version 1.0.0)[Source code], https://github.com/PSLmodels/Business-Taxation