08-08-2011, 09:15 PM
Grace62 wrote::agree:
This is really a small number of taxpayers...and the article says it's mostly attributable to charitable giving and the foreign tax credit/deduction rules. The latter is this byzantine thing, the purpose is to avoid having people and businesses get doubly taxed on income earned in foreign countries. It's a controversial policy but I think not well understood by many.
And an impressive and well measured response. Thank you !