Income Splitting - Mathematical Tax Impact Illustrator
Shows potential tax difference ONLY, based on user-defined progressive brackets.
Disclaimer Simulation: This tool provides a mathematical illustration only. It does **not** assess the legality or feasibility of income splitting strategies in any jurisdiction (like India, US, Canada, etc.). Real-world tax laws (e.g., clubbing provisions, attribution rules, anti-avoidance rules) are complex and vary significantly. **Consult qualified legal and tax professionals** in your country before attempting any income splitting. This tool is NOT tax advice.
Income & Splitting Setup
Define Progressive Tax Brackets (Example)
Enter the upper limit for each income tier and its corresponding tax rate (%). The last tier applies to all income above the previous limit.
Mathematical Tax Comparison
| Scenario | Taxable Income (Per Person Basis) | Est. Tax Liability (Per Person Basis) | Total Family Tax Liability | Potential Tax Difference |
|---|
*Comparison based solely on inputs provided. Does not reflect legal permissibility of splitting.*