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 Tax Deductions You Won't Believe Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative. Replacing Your Medicare Card Learn how to replace your lost, stolen, or damaged Medicare card in this helpful article. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.