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Income Tax Averaging and Convexity

by G.E. Trapp, Jr. (West Virginia University) and Michael Henry (West Virginia University)

This article originally appeared in:
College Mathematics Journal
June, 1984

Subject classification(s): Algebra and Number Theory | Algebra
Applicable Course(s): 2.8 Business Math

Using a convexity argument to show that you can never lose money by income averaging (on your income tax) as opposed to computing the standard tax

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