Tax Impact Calculator - CFS Tax Software, Inc. - Software for Tax Professionals


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Total Tax Increase Due to 2009/2010 California Budget

Inputs

Outputs

Taxable Income

Estimated Increase in Sales Tax
Taxable Income x 0.02213 x (1 - (0.0725 / 0.0825))

Estimated Increase in Income Tax
Taxable Income x 0.0025

Value of Vehicles

Estimated Increase in Vehicle Tax
Value of Vehicles x 0.005

Dependent Children

Estimated Loss in Dependent Tax Credits
Number of Dependent Children x 210

Total Annual Cost of New Budget

* This is only an approximation based on the assumptions shown.