TAXSIM.app
Finance and crypto
personal income tax calculator
SHOW HN2022
How HN took it
8 positive, 25 neutral or asking, 1 mixed, 11 critical, out of 45 comments about the project. Thread score -0.05.
Execution: 2 for, 5 againstDesign: 1 for, 3 againstIdea: 1 for, 1 againstPerformance: 0 for, 2 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
What people liked
Useful historical view of tax rates
From 2 comments
I wish this would get written up in mainstream media. Hypothesis being that if more people knew this existed, it would put additional pressure on Congress to simplify tax filing.
KerrAvon on HNThis is awesome! Permanently bookmarked!
cyrusthegreat on HN
Objections
Does not account for historical deductions and loopholes, so older years are misleading
From 3 comments
In the 1970s there were massive tax deductions that don't exist today, so the actual tax incidence was much lower than what is implied by the marginal tax rates. There was a…
jandrewrogers on HNThis seems beyond misleading it doesn't even have a method to enter most of the now illegal methods to lower your tax bill. Tax straddles were only banned in 1977 before that you…
tick_tock_tick on HNDidn’t take a close look but the 1986 (?) tax code update close major tax avoidance pathways (passive loses and tax shelters in wiki link). I think one issue with calculators…
refurb on HN
Missing state and local taxes, and the 2018 SALT deduction change is not modelled
From 2 comments
This calculator doesn't seem to support local income taxes, which many states have [1]. For example Maryland has income tax brackets than other states, but each county levies its…
minhazm on HNThe tax is not accurate historically, for higher income brackets. Prior to 2018(?) you could deduct the majority of your state income tax from the federal income tax (the "Trump…
lettergram on HN
Child tax credit phase-out is out of date for 2022 and later
From 1 comment
The child tax credit calculation is incorrect for 2022+ It should not phase out at 150,000 anymore, but rather starting at 200,000 for single or 400,000 for married filing…
taxman135 on HN
Requests
Graph of tax amounts over time
From 5 comments
This is great. Could you add a box that displays effective tax rate and marginal rate? It would also be great to provide a line graph that shows the result for all years. There’s…
forrestthewoods on HNThis is great. I would also love to see a graph of the federal tax over time from 1960 to today.
divbzero on HNThis is great! If you’re taking feature requests I’d love to see a bar or line chart showing the amount of taxes paid for the Y axis and year on the X axis. Would make comparing…
bradgessler on HNWould be helpful if there was a way to see a graph of how the amounts change over time. I find myself putting in my info and then click minus on the years to see how the years…
CSMastermind on HNThis is awesome! Two features requests: 1. A plot over time 2. Could you adjust the income for inflation, so when you click back 1yr your income goes down accordingly?
raptortech on HN
Show effective tax rate alongside marginal rate
From 2 comments
Very cool, especially hearing about the implementation. Feature request: Put the effective overall tax rate calculation somewhere on the page - so often people are confused that…
googlryas on HNThis is great. Could you add a box that displays effective tax rate and marginal rate? It would also be great to provide a line graph that shows the result for all years. There’s…
forrestthewoods on HN
Adjust historical incomes for inflation
From 2 comments
This is awesome! Two features requests: 1. A plot over time 2. Could you adjust the income for inflation, so when you click back 1yr your income goes down accordingly?
raptortech on HNWas hoping it would adjust today's income for inflation going back with a chart over time
zild3d on HN
Add net income after calculation
From 1 comment
This is really great. Can you please add Net Income after calculation. That would be useful.
guiltygods on HN
Add local city and county taxes
From 2 comments
Is there an option to add some cities or counties, like new york city's local tax?
novok on HNThis calculator doesn't seem to support local income taxes, which many states have [1]. For example Maryland has income tax brackets than other states, but each county levies its…
minhazm on HN
Questions
Are dollar amounts inflation adjusted across years?
From 2 comments
Are all the dollar amounts in the simulated tax output at the top of the page inflation adjusted? For example, I inputted married, with no dependents with $500,000 salary and in…
keehun on HNCool use of emscripten. Is this handling inflation at all? Fixed-number items like standard deduction will be impacted by that. I think it gives a general idea of the tax…
mNovak on HN
Why is income capped at $500,000?
From 2 comments
Why a 500k$ wages/salaries limit here? :)
thatfrenchguy on HNWhy is the income limited to 500000$?
thechao on HN
How does this differ from TurboTax?
From 1 comment
How is this different than turbotax for instance?
idomi on HN
Alternatives named
PolicyEngine US / OpenFisca US
From 1 comment
Fantastic job making taxsim more accessible! We've built an open-source version of taxsim called OpenFisca US [1] which we expose in our (also open-source) web app, PolicyEngine…
MaxGhenis on HN
Tax-Simulator (PSL Tax-Calculator)
From 1 comment
In 2014, the Policy Simulation Library [1] added a model called Tax-Simulator [2], which is a Python reimplementation of TAXSIM [3][4]. It is available as open-source [5], and…
tmm1 on HN
UsTaxes
From 1 comment
Sort of tangentially, I'm working with other contributors on https://ustaxes.org, an open source tax filing webapp https://github.com/ustaxes/UsTaxes. Currently, many Federal tax…
aidangrimshaw on HN
listentotaxman.com
From 1 comment
The US personal tax code looks extremely complicated to British eyes, but British people have a similar calculator at their disposal at https://listentotaxman.com/ though it only…
petercooper on HN
SmartAsset income tax calculator
From 1 comment
This calculator doesn't seem to support local income taxes, which many states have [1]. For example Maryland has income tax brackets than other states, but each county levies its…
minhazm on HN
TurboTax
From 1 comment
How is this different than turbotax for instance?
idomi on HN