Understanding how a progressive tax is calculated helps when making choices about contributing money since it forms the basis of federal and state tax calculations. Below is a free dynamic Progressive Tax Visualization tool to show how each of the major contributing factors impacts how one's taxes are calculated. Use the sliders to adjust the total income, contributions toward a tax-deferred account, and contributions toward costs that qualify toward itemized deductions.
All tools are free to use and are being provided for convenience and entertainment purposes. The user is solely responsible for its use and application.