Numbers do not take into account higher product costs as a result of business taxes, increased or decreased healthcare costs as a result of candidate proposals,
or other complex economic effects.
If you did not enter data for capital gains, healthcare costs, or college costs, the comparison may not be accurate.
College costs, if entered, are amortized over a 50 year expected post-college life expectancy. This means that if you expect to pay $100,000 for college we
calculate that you will spend an average of $2000 per year for the rest of your tax-paying life. This is so we can compare it to taxes that would pay for free
college, which you would need to pay for the rest of your tax-paying life (not as a lump sum like actual college costs).
Some data requires estimation due to the complexity of the tax proposals, eligibility requirements, and limited precision of the data entered. It takes several
hours to enter enough information for a program to complete your tax return for you; we have much less information to work with.
Based on data from
as of 2/18/2016. If you see any errors, or updates that are not reflected in our numbers, please contact us.