Clone of Clone of Tax Wealth Like Work - Interactive Calculator

Take a Stand for a Fair Economy

Calculate your tax break from the Bush-era tax cuts.

Wealth vs. Work: Special tax breaks for investment income, including capital gains and dividends, reward wealth over hard work, erode the progressivity of our tax system, deepen the racial wealth divide, and deprive our nation of needed funds for national priorities and job creation. Learn more »

Bush Tax Cuts: The Bush income tax cuts, extended through 2012 in the Obama-GOP tax deal, flow overwhelmingly to the highest-income households, exacerbate vast and growing economic disparities, and worsen the deficits that are being used to justify damaging budget cuts. Learn more »

Calculate your Tax Cut

Limitations of the Tax Calculator
This calculator is intended to be educational in value and not to be used as a financial planning tool. Your actual tax savings may be affected by other parts of the tax law, including the child tax credit, EITC, the business tax deductions, educational deductions, and the Alternative Minimum Tax (AMT).

Enter your 2010 taxable income
This includes any dividend and capital gains income, but AFTER your deductions* are taken out. Estimate or enter the figure on line 43 of your 2010 Form 1040 income tax return.

*Standard deductions are $5,700 for single filers, $11,400 for married filing jointly, and $8,400 for head of household.

Enter your 2010 qualified dividends
Estimate or enter the figure on Line 9b of your 2010 Form 1040. Enter "0" if you had no dividend income.

Enter your net long-term capital gains
Estimate or enter the figure on Schedule D, Line 15 of your 2010 Form 1040. Enter "0" if you had no capital gains income.

Results

Total Savings from Income Tax Rate Reductions


Tax Savings from qualified dividends and capital gains rate reductions


The Bottom Line: Your 2010 Tax Break


Your 2010 effective tax rate

 
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