Table 2. Taxable income and tax after averaging.

Year

Taxable income

End of 15% taxable income bracket

Tax on averaged income

1995

$36,000

$39,000

$5,400

1996

$38,000

$40,100

$5,700

1997

$41,000

$41,200

$6,150

1998

$42,000

$42,350

$6,300

Total tax 1995-98

$23,550