How It Works

The calculator works by taking three simple inputs: the amount of money you make each year (in dollars), the percentage change in the tax rate, and the length of time you want to see the results (in years).

It instantly calculates the yearly savings or extra costs with real-time sliders and synchronized input fields. The system also adds 1% to the annual income growth to make the projections more accurate.

Results show up right away, breaking down the total savings or costs over the time frame you chose. A doughnut chart shows how much initial income compares to total tax savings or costs.

A detailed results section shows the initial income, total savings, and final projected income. The responsive layout works well on both desktop and mobile screens, so it can be used on any device.

Examples of Use

This tool is useful for many different types of users. People can use it to make budgets or guess how tax changes will affect their finances in the long run. Financial advisors can show their clients how tax laws will affect them.

Before putting tax reforms into effect, policymakers can model how they will affect the economy. Businesses can even look at how new tax laws might save them money or cost them more.