mrffl_us_taxes.f90 File Reference

Compute Taxes for USA. More...

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Modules
module	mrffl_us_taxes
	Compute Taxes for USA.

Functions/Subroutines
integer(kind=ik) function, public	mrffl_us_taxes::max_bracket (val, brackets)
	Find the bracket val belongs in given an array of bracket end points.
real(kind=rk) function, public	mrffl_us_taxes::tax (val, breaks, rates)
	Compute tax given value, bracket breaks, and bracket rates.
real(kind=rk) function, public	mrffl_us_taxes::effective_tax_rate (val, breaks, rates)
	Compute effective tax rate given value, bracket breaks, and bracket rates.
real(kind=rk) function, public	mrffl_us_taxes::projected_tax (val, breaks, rates, year, inflation)
	Compute projected effective tax rate with tax() by adjusting the breaks into the future for inflation.

Variables
integer(kind=ik), parameter, public	mrffl_us_taxes::seed_tax_year = 2024
real(kind=rk), parameter, public	mrffl_us_taxes::std_tax_deduction_single = 14600
real(kind=rk), parameter, public	mrffl_us_taxes::std_tax_deduction_joint = 29200
real(kind=rk), parameter, public	mrffl_us_taxes::std_tax_deduction_separately = 14600
real(kind=rk), parameter, public	mrffl_us_taxes::std_tax_deduction_head = 21900
real(kind=rk), dimension(7), parameter, public	mrffl_us_taxes::tax_bracket_rates = [ 10, 12, 22, 24, 32, 35, 37]
real(kind=rk), dimension(7), parameter, public	mrffl_us_taxes::tax_bracket_breaks_single = [11600, 47150, 100525, 191950, 243725, 609350, 609351]
real(kind=rk), dimension(7), parameter, public	mrffl_us_taxes::tax_bracket_breaks_joint = [23200, 94300, 201050, 383900, 487450, 731200, 731201]
real(kind=rk), dimension(7), parameter, public	mrffl_us_taxes::tax_bracket_breaks_head = [16550, 63100, 100500, 191950, 243700, 609350, 609350]
real(kind=rk), dimension(7), parameter, public	mrffl_us_taxes::tax_bracket_breaks_separately = [11600, 47150, 100525, 191950, 243725, 365600, 365601]

Detailed Description

Compute Taxes for USA.

Author

Mitch Richling http://www.mitchr.me/

Date

2024-12-21

Keywords

finance fortran monte carlo inflation cashflow time value of money tvm percentages taxes stock market

Standards

F2023

See also

https://github.com/richmit/FortranFinance

Copyright

Copyright (c) 2024, Mitchell Jay Richling http://www.mitchr.me/ All rights reserved.

Redistribution and use in source and binary forms, with or without modification, are permitted provided that the following conditions are met:

1. Redistributions of source code must retain the above copyright notice, this list of conditions, and the following disclaimer.
2. Redistributions in binary form must reproduce the above copyright notice, this list of conditions, and the following disclaimer in the documentation and/or other materials provided with the distribution.
3. Neither the name of the copyright holder nor the names of its contributors may be used to endorse or promote products derived from this software without specific prior written permission.

THIS SOFTWARE IS PROVIDED BY THE COPYRIGHT HOLDERS AND CONTRIBUTORS "AS IS" AND ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE DISCLAIMED. IN NO EVENT SHALL THE COPYRIGHT HOLDER OR CONTRIBUTORS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATA, OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THIS SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.

.H.E.!!

Definition in file mrffl_us_taxes.f90.