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IRS: Nearly 1,500 millionaires paid no federal income tax in 2009
#6
Grace62 wrote:
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.
:agree:

And an impressive and well measured response. Thank you !
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Re: IRS: Nearly 1,500 millionaires paid no federal income tax in 2009 - by cbelt3 - 08-08-2011, 09:15 PM

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