Impact of Taxes and Inflation Estimate the potential impact taxes and inflation can have on the purchasing power of an investment. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Strategies for Managing Student Loan Debt Five strategies for managing your student debt. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Comparing Investments This calculator compares the net gain of a taxable investment versus a tax-favored one.