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By Alicia Adamczyk
March 25, 2016
Hillary Clinton, former Secretary of State and 2016 Democratic presidential candidate, speaks during an event at Stanford University in Stanford, California, U.S., on Wednesday, March 23, 2016.
Hillary Clinton, former Secretary of State and 2016 Democratic presidential candidate, speaks during an event at Stanford University in Stanford, California, U.S., on Wednesday, March 23, 2016.
Bloomberg—Getty Images

Now that most of the 2016 presidential candidates have released their proposed tax policies (we’re looking at you, John Kasich) you may be wondering just exactly how your bank account would fare with Ted Cruz or Bernie Sanders in the White House. Two tax calculators in particular do a nice job of showing how everyday Americans will be impacted by each candidate’s proposals.

All you need to do is plug your income, marital status, and whether or not you have children into this simple calculator, and it will show you how much more or less you would pay in taxes if Donald Trump, Ted Cruz, Hillary Clinton, or Bernie Sanders were elected. (According to Vox, which partnered with the Tax Policy Center to create the calculator, Kasich’s tax plan was not substantive enough to analyze.)

Vox notes that the calculations will not be universally accurate—there are too many other factors, such as various deductions and penalties, that would over-complicate the tool. But it’s still useful to gauge how you’d fare under a new administration.

An equally user-friendly calculator at International Business Times, also made in conjunction with the Tax Policy Center, tells you how much your take-home pay will change under each of the candidates (again, with the exception of Kasich). Simply input your annual salary and after-tax pay, and you’ll see how much more or less you’d theoretically take home each pay period.

Read Next: Where the Presidential Candidates Stand on Money Issues

The takeaway from both of the calculators is that most people will see cuts under a Cruz or Trump administration, with the richest Americans enjoying the biggest tax breaks, while the majority of Americans would see modest cuts. And as Money noted previously, most Americans would probably see no change if Clinton is elected (unless they’re extremely rich), and everyone’s tax bill would balloon if Sanders wins the White House (free college isn’t actually free).

As Vox noted, the catch with plans to slash taxes for everyone is that they will result in trillions of dollars in lost revenue for the government, which is already grappling with a $16 trillion national debt. As Money has reported, the right-leaning Tax Foundation estimated Trump’s plan would result in $10.4 trillion to $11.98 trillion in lost revenue over the next decade, while Cruz’s would result in an estimated $8.6 trillion loss. On the flip side, under Sanders, those making $18.4 million would see an effective tax rate of 73.5%.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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