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