Dividend & Interest Friction
In a taxable brokerage, every dividend payment creates a Taxable Event. This engine models "Dividend Drag," where annual tax payments on distributions reduce the principal available for compounding, leading to significant wealth decay over a 10-20 year horizon.
Capital Gains Exit Velocity
The true "Wealth Gap" is often hidden until the point of liquidation. By accounting for Deferred Capital Gains Liabilities, this model reveals the actual net liquidity of a taxable portfolio versus the raw, uninhibited exit velocity of a Roth or Tax-Exempt structure.
Calculator Hub
Return to the institutional suite of financial modules.
Tax Wealth Gap
Analyze annual tax leakage and capital appreciation alpha.
Purchasing Power
Analyze the silent tax of inflation on capital reserves.
Protocol Disclosure: Projections assume current 2026 capital gains tax brackets and dividend rules. The Newston Terminal does not provide investment advice or CPA-level tax verification. All capital allocation decisions should be reviewed by a certified financial planner.