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LIFO Tax Savings Calculator
INPUTS: Use the blue cells to enter input variables
Prior Year Inventory Balance at Cost
Current Year Inflation Rate
20 Year Average Annual Inflation Rate
Combined Federal & State Tax Rate
OUTPUTS: LIFO Tax Savings Amounts
Current Year Taxable Income Reduction
Current Year After-tax Cash Savings
20 Year Taxable Income Reduction
20 Year Cumulative After-tax Cash Savings