Function progressive_tax_unchecked

pub fn progressive_tax_unchecked<T: FloatLike>(
    agi: T,
    deductions: T,
    rate_table: &[(T, T)],
) -> T

Progressive Income Tax - Unchecked Version

This is an unchecked version of the progressive_tax function that skips the rate table validation, may provide a performance boost in scenarios where the rate table is known to be valid.

Arguments

• agi - Adjusted Gross Income (AGI) for the tax year, your total income minus any above-the-line deductions
• deductions - Any below-the-line deductions for the tax year (i.e. standard or itemized deductions)
• rate_table - A slice of tuples representing the upper income of each bracket and its rate for the tax year (bracket, rate), the last tuple should represent a number to infinity and the highest rate. In practice, the final bracket would the maximum number representable by the type (FloatLike::MAX).

Returns

• The total tax owed for the tax year based on the progressive rate table. If AGI is less than deductions, zero is returned (no tax owed).

Examples

use rust_finprim::amort_dep_tax::progressive_tax;

let rate_table = vec![
    (9_875.0, 0.10),
    (40_125.0, 0.12),
    (85_525.0, 0.22),
    (163_300.0, 0.24),
    (207_350.0, 0.32),
    (518_400.0, 0.35),
    (f64::MAX, 0.37)
];

let agi = 100_000.0;
let deductions = 12_000.0;
let tax = progressive_tax(agi, deductions, &rate_table);