Tax Freedom Day Assess how many days you'll work to pay your federal tax liability. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Inflation and Your Portfolio Even low inflation rates can pose a threat to investment returns. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Paying Tax Later Doesn't Always Mean Paying Less 401(k) savings are taxed as ordinary income when funds are withdrawn.