Individual Foreign-Earned Income and Foreign Tax Credit, 2006

Hollenbeck, Scott; Kahr, Maureen Keenan
March 2009
Statistics of Income (SOI) Bulletin;Spring2009, Vol. 28 Issue 4, p54
The article offers information on the tax returns of foreign-earned income and the foreign tax credit in the U.S. It notes of a 13.6 increase in the filed tax returns by the tax payers from 2001 to 2006. It mentions that 72.9 percent of reported total foreign-earned income is comprised by salaries and wages. It says that to avoid double taxation on foreign-source income the foreign tax credit was carried out by the U.S.


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