Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content What Is a 1035 Exchange? 1035 exchanges provide a way to trade-in an annuity contract or life insurance policy without triggering a tax liability. Acres of Diamonds In life it often happens that the answers to our most pressing questions are right in our own backyards. The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.