Question

Status:Closed    Asked:Oct 01, 2018 - 08:23 PM

Is there any way I can calculated adjusted gross income in ACS ?

Dear IPUMS staff,


I know ACS doesn't have adjusted gross income, which CPS has. I'm wondering is there any way that I can imputed the AGI (i.e., use Taxim module) using ACS?


Thanks!

Nancy

 
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Staff Answer

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Jeff Bloem

Staff

Unfortunately, there is not a straightforward way to calculate adjusted gross income in the ACS. As you point out, this is something that the data from the CPS is much better equipped to identify.

 

Oct 02, 2018 - 10:37 AM

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Voted Best Answer

Here's a good approximation using income elements available in the ACS:


Preliminary AGI =

Wage Income + Investment Income + Retirement Income + 0.9235* Business Income + Social Security Income


If Preliminary AGI exceeds $40,000, set AGI equal to Preliminary AGI


If Preliminary AGI is less than $40,000, use the following AGI formula instead:


AGI =

Wage Income + Investment Income + Retirement Income + 0.9235* Business Income




 

Oct 11, 2018 - 12:26 PM

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