Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year. 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 Question Thank you! Oops! Related Content Preparation is the Key to Retirement The simplest ideas can sometimes make a massive difference over time. Enjoy this brief video to learn more. Federal Income Tax Use this calculator to estimate your income tax liability along with average and marginal tax rates. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.