smpfedtax is total federal tax liability after all tax credits have been accounted for. no matter what combination of vars I try, however, i cannot get the amounts listed. Below is an example:
. list spmid spmfedtaxbc spmfedtaxac spmeitc spmsttax spmfica actccrd ctccrd if spmid == 10001, noobs
spmid spmfedtaxbc spmfedtaxac spmeitc spmsttax spmfica actccrd ctccrd
10001 0 -1140 777 614 2456 363 1637
the amount of tax credits is (777+363+1637), or -2,777 in tax credits. Tax liabilities (fica) are $2,456 subtracting tax credits from fica I get federal taxes of -$321. I tried incoporating state taxes, but the math doesn’t work either. This is not a function of using old ASEC values; the data was downloaded after April 2014. Please advise. Thanks!