money

15% Federal Tax Bracket

Item Price Monthly Expense Earnings Required to Buy After-Tax @ 15% Earnings Saved by Buying on Pre-Tax Basis Annual Savings on Federal Income Tax Additional Monthly Savings on Other Payroll Taxes (estimated @10%) Additional Annual Savings on Other Payroll Taxes (estimated @10%) Combined Annual Tax Savings
Monthly Bus/Rapid Pass $95.00 $95.00 $109.25 $14.25 $171.00 $9.50 $114.00 $285.00
Monthly Park-n-Ride Pass $105.00 $105.00 $120.75 $15.75 $189.00 $10.50 $126.00 $315.00

28% Federal Tax Bracket

Item Price Monthly Expense Earnings Required to Buy After-Tax @ 28% Earnings Saved by Buying on Pre-Tax Basis Annual Savings on Federal Income Tax Additional Monthly Savings on Other Payroll Taxes (estimated @10%) Additional Annual Savings on Other Payroll Taxes (estimated @10%) Combined Annual Tax Savings
Monthly Bus/Rapid Pass $95.00 $95.00 $121.60 $26.60 $319.20 $9.50 $114.00 $433.20
Monthly Park-n-Ride Pass $105.00 $105.00 $134.40 $29.40 $352.80 $10.50 $126.00 $478.80

31% Federal Tax Bracket

Item Price Monthly Expense Earnings Required to Buy After-Tax @ 31% Earnings Saved by Buying on Pre-Tax Basis Annual Savings on Federal Income Tax Additional Monthly Savings on Other Payroll Taxes (estimated @10%) Additional Annual Savings on Other Payroll Taxes (estimated @10%) Combined Annual Tax Savings
Monthly Bus/Rapid Pass $95.00 $95.00 $124.45 $29.45 $353.40 $9.50 $114.00 $467.40
Monthly Park-n-Ride Pass $105.00 $105.00 $137.55 $32.55 $390.60 $10.50 $126.00 $516.60

 

Plan a Trip

(e.g. Hopkins Airport)
(e.g. Rivergate Park)

Date Field