Comparing Investments This calculator compares the net gain of a taxable investment versus a tax-favored one. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Share | Related Content The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. What Do Your Taxes Pay For? Here's a breakdown of how the federal government spends your tax money. Federal Income Tax Use this calculator to estimate your income tax liability along with average and marginal tax rates.