Arena Direct EV Calculator

Box value
Pack value
Event parameters
Entry cost—
Break-even (no tax)—box at market value
Break-even (taxed)—after tax
Win rate Chance of 0 gems Chance of winning event Avg tries to win event Net cost per box EV (no tax) EV (taxed)

No tax: you win one box a year, it's under the $600 reporting threshold, so no tax form ever shows up and taxes are irrelevant.
Taxed: you pay tax on the box's MSRP (that's what the tax form reports), then sell it locally for market price (put the current TCGplayer price in the Market field).
Gems and packs stay in-game and are never taxed. Not tax advice.