Election Calculator

The easiest way to see the effects of tax policy changes is to select a sample taxpayer. Default input values for each case represent income and expenses for taxpayers at the 20th, 50th, 80th, 99th, and 99.9th income percentiles. Alternatively you can create your own scenario and input values by selecting that option. The input values used for the default scenarios are shown in the following table. For a detailed description of the methodology behind this calculator, go to the methodology page.

The Election Calculator estimates the impact of proposed tax policies on typical taxpayers. It is not a tax preparation tool. For ease of use, many items that would be included on actual tax returns are omitted. Numbers generated cannot be applied to specific tax returns.

Select a Scenario

[+] Create Your Own Scenario

Select an Income level

Default income values are typical amounts taxpayers at five percentiles of the income distribution for the particular type of household chosen. The five levels are: 1) Low: 20th percentile; 2) Middle: 50th percentile; 3) High: 80th percentile; 4) Very High: 99th percentile; and 5) Highest: 99.9th percentile.

Income ranges reflect the scenario chosen above.

Select Demographic Info

Choose marital status of taxpayer(s). Choose whether taxpayer (and spouse, if married) is age 65 or over. Choose whether taxpayer (and spouse, if married) is attending college at least half-time.

Marital Status

Age

in College

Spouse's Age

Spouse in College

Select Dependents Info

Choose number of children (up to 7). For each child, choose age range or, if the child is age 17 or older, whether the child is a full-time student.

Total Children

First Child

Second Child

Third Child

Fourth Child

Fifth Child

Sixth Child

Seventh Child

Provide Income Sources

For the principal taxpayer, all income from paid employment, including tips, bonuses, and the like.
For the spouse of the taxpayer, all income from paid employment, including tips, bonuses, and the like.
Qualified dividends received. Enter non-qualified dividends as "Other Income."
Profits from the sale of capital assets such as stocks, bonds, or real estate that the taxpayer has owned for more than one year.
All benefits for retirees, survivors, and dependents.
Regular payments during retirement from plans tied to previous employment.
Interest paid on savings accounts and other financial investments, other than tax-exempt interest.
Interest on instruments such as municipal bonds that is exempt from the federal individual income tax.
Income from a sole proprietorship, partnership, S corporation, limited liability company, or other business.
Health insurance premiums paid by employers.
Income from all other taxable sources, including short-term capital gains, business income net of expenses, gambling winnings net of losses, and others.

Deductions & Expenses

Income and property tax payments to state and local governments (or sales taxes paid if state has no income tax).
Donations to charitable organizations or causes.
Interest paid on home mortgages or home equity loans.
Contributions to traditional IRAs.
Total amount spent on medical services for all family members.
Total amount of tuition and fees expenses paid for all family members attending college.
Childcare expenses for all children under age 13.

Tax Laws Compared

The calculator compares the tax liability for the chosen household/income combination under three alternative sets of tax laws: 1) Current Tax Law; 2) Clinton Plan's tax proposals offered during the current election; and 3) Trump Plan's tax proposals offered during the current election. The calculator takes accounts of the most widely used aspects of the tax code but does not include all provisions.

Current Tax Law: Current Tax Law measures the total amount of federal individual income tax and payroll tax owed in the current year under the tax law in effect that year.

Clinton Plan: Hillary Clinton's tax plan would raise taxes only for high-income households, primarily through a 4% surtax on income over $5 million, a "Buffett Rule" minimum 30% tax on those with income over $1 million, and a limit on the value of many deductions and exclusions taken by high-income taxpayers. Low- and middle-income families would benefit from a more generous child tax credit.

Trump Plan: Donald Trump's tax plan would cut taxes for most Americans, with the largest taxes going to those at the top of the income distribution. Lower tax rates (especially for businesses), a higher standard deduction, and childcare benefits would all lower tax bills. Single parents and large families with low or moderate income would likely pay more tax, however, because the plan would eliminate head-of-household filing status and all personal and dependent exemptions.

Potential 2017 Tax Implications

Current Tax Law
$
The above number is the estimated tax liability under current law for a person or family that fits the marital status, income, and expenses that you selected.
Clinton Plan
$
The above number is the estimated tax liability under Hillary Clinton’s tax proposal for a person or family that fits the marital status, income, and expenses that you selected. For detailed descriptions of the Clinton tax proposal see TPC’s analysis here.
Trump Plan
$
The above number is the estimated tax liability under Donald Trump’s tax plan for a person or family that fits the marital status, income and expenses that you selected. For detailed descriptions of the Trump tax plan see TPC’s analysis here.
See Detailed Breakdown

Taxes

Current Tax Law Clinton Plan Trump Plan
Cash Income

(includes employer’s share of payroll tax)

Income from all sources plus the employer's share of the payroll taxes that fund Social Security and Medicare.
Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Adjusted Gross Income Total income subject to tax after adjustment for exclusions and additions. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Taxable Income Adjusted gross income minus personal exemptions and the standard or itemized deductions allowed under the regular income tax. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Income Tax Liability Amount of tax owed, net of any allowed credits. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Net Investment Income Tax

(included in Income Tax Liability)

Additional tax imposed by the Affordable Care Act on high-income taxpayers' investment income above specified thresholds.
Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Payroll Tax Liability

(includes both employee and employer shares)

Taxes imposed from wage, salary, and other equivalent income that finance Social Security and Medicare. Includes both employer and employee shares.
Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Additional Medicare Payroll Tax

(includes income and payroll taxes)

Additional tax imposed by the Affordable Care Act on high-income taxpayers' earnings above specified thresholds.
Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Total Tax Liability

(includes income and payroll taxes)

Total Tax Liability equals the household's income tax liability plus its payroll tax liability.
Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Average Income Tax Rate Tax liability measured as a percentage of total income (not taxable income). Current Tax Law 0.0% Clinton Plan 0.0% Trump Plan 0.0%

Taxable Income Calculation

Current Tax Law Clinton Plan Trump Plan
Adjusted Gross Income Total income subject to tax after adjustment for exclusions and additions. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Personal Exemptions A fixed-dollar reduction in taxable income for each taxpayer and each qualifying dependent. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Standard Deduction A fixed-dollar reduction in taxable income for each tax return, for taxpayers who elect not to itemize specific deductions. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Itemized Deductions Total expenses that taxpayers can itemize (net of limitations), including state and local taxes, mortgage interest, charitable contributions, and other items. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Taxable Income Adjusted gross income minus personal exemptions and the standard or itemized deductions allowed under the regular income tax. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0

Regular Tax Calculation

Current Tax Law Clinton Plan Trump Plan
Tax Before Credits Income tax liability before subtracting allowed tax credits. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Child Tax Credit

(partially refundable)

Partially refundable tax credit of up to $1,000 per dependent child under age 17.

Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Earned Income Tax Credit

(fully refundable)

Refundable tax credit based on taxpayer's earnings and number of children; credit phases out for higher-income households.

Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Education Credits

(partially refundable)

Total education tax credits (partially-refundable American Opportunity credit and non-refundable Lifetime Learning Credit).

Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Child and Dependent Care Credit

(not refundable)

Non-refundable tax credits subsidizing child and dependent care costs for taxpayers who work (or,for some couples, attend school).
Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Total Non-Refundable Credits Sum of Child and Dependent Care Credit, Lifetime Learning Credit, and non-refundable portions of Child Tax Credit and American Opportunity Tax Credit. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Total Refundable Credits Sum of Earned Income Tax Credit and refundable portions of Child Tax Credit and American Opportunity Tax Credit. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Regular Income Tax After Credits Tax owed to the government or, if negative, the payment from the government before AMT (if applicable). Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0

Alternative Minimum Tax Calculation

Current Tax Law Clinton Plan Trump Plan
Taxable Income Adjusted gross income minus personal exemptions and the standard or itemized deductions allowed under the regular income tax. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
(+) AMT Adjustments Additions to regular taxable income of deductions, exemptions, and exclusions not allowed under the AMT. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
(-) AMT Exemption Fixed dollar amount exempt from AMT in addition to specific "non-preference" items exempt from the tax. Exemption phases out at high incomes. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Taxable Income for AMT Purposes Regular taxable income plus AMT adjustments minus applicable AMT exemption. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
Tentative AMT AMT liability obtained by applying AMT tax rates to AMT taxable income. Used to determine whether taxpayer owes AMT. Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0
AMT Liability

(in addition to regular tax liability)

Alternative Minimum Tax that tax unit owes in addition to its regular tax liability.
Current Tax Law $0.0 Clinton Plan $0.0 Trump Plan $0.0