Romney Releases 2011 Tax Returns, Paid $1.9 Million
Mitt Romney has had a rough week. The 47% comment, brown face accusations, and the loss of Tim Pawlenty have hurt the GOP candidate’s campaign. In an effort to change the political topic, Mitt Romney is going to release his 2011 tax returns.
According to the Associated Press, Romney will release his 2011 tax returns later this afternoon.
According to his aides, Mitt Romney earned about $13.7 million during 2011 and paid close to $2 million in taxes. Romney had an effective tax rate of 14.1 percent during 2011. USA Today reports that Mitt and Anne Romney donated about $4 million to charity in 2011, or about 30% of their income.
The announcement that Romney would release his 2011 tax returns today was made on the GOP candidate’s website by Trustee Brad Malt.
Malt writes:
“This morning, Gov. and Mrs. Romney filed their 2011 tax return with the IRS. At 3:00pm today, the Romney for President campaign will be posting the 2011 return online.”
Malt said that Romney would also release a “notarized letter from … tax preparer, PricewaterhouseCoopers, LLP (PWC)” which will summarize Romney’s tax returns from 1990 to 2009.
According to Malt, the letter will show that Romney paid both state and federal income taxes during that 20 year period, his average annual effective federal tax rate was 20.20%, the lowest annual effective federal personal tax rate was 13.66%. The letter will also show that Romney gave an average of 13.45% of his adjusted gross income to charity.
Yahoo reports that Romney has already released his 2010 tax returns. During that year, Romney paid nearly $3 million in taxes for a 13.9 percent tax rate.
Romney’s full tax returns from 2011 will be available later today at Mittromney.com.
Tags : mitt romney releases taxes, mitt romney tax return, mitt romney tax returns, mitt romney taxes
Posted: September 21, 2012
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Sep 21, 2012
Well…. that's one way to change the narrative of the last few weeks.
I like the ol 'drop late Friday afternoon and get out of Dodge for the weekend' trick. Nice.
Sep 21, 2012
Romney’s tax rate is still LESS THAN HALF of the AVERAGE Middle Class American! This is the epitome of GREED. There's no doubt a Romney administration would favor the rich and increase the income gap in our country? Mitt is a pariah in Mormon Clothing and will stop at nothing to expand an empire of greed for the rich in this country by expanding tax cuts for the 1% of the wealthiest Americans. He’s out to gut the Middle Class for every red cent he can get. Will his sacred Mormon underwear grant him the protection and money to buy this election? See for yourself as Mitt dons his tighty-whities sent down from the Good Lord Himself at http://dregstudiosart.blogspot.com/2012/05/mitt-romneys-magic-mormon-underwear.html.
Sep 21, 2012
Mr. Romney, release the tax returns that we *really* want to see–2005-2009.
If you are looking for a way to reboot your campaign, this would be it.
Show everyone that, indeed, there is nothing to hide.
Now THAT would really change the momentum of the campaign to your advantage.
This is the single issue for which you have never once flip-flopped. Why? It makes voters wonder.
Mr. Romney, you are running for President of the United States.
This is a position of Trust.
Ronald Reagan said, "Trust but Verify."
Mr. Romney has said, "Trust me," re his tax returns.
It is not unreasonable for voters to want to "Verify.
The longer you delay, Mr. Romney, the more suspicious it appears.
Obama released 8 years of tax returns.
GW Bush 10 years.
Clinton 12 years.
GHW Bush 14 years.
George Romney 12 years.
What is the problem, Mr. Romney? Release your tax returns.
Sep 21, 2012
what?
Sep 21, 2012
Rita Antoinette Kress Hi Rita… I said..
Well…. that's one way to change the narrative of the last few weeks.
I like the ol 'drop late Friday afternoon and get out of Dodge for the weekend' trick. Nice.
Sep 22, 2012
The 14% tax rate paid by Romney is not only less than the 15% in payroll taxes paid by the working poor, it is much less burdensome. A hardworking person making $30,000, paid $4,500 in payroll taxes. That hurts much more than Romney's paying $1,950,000 on his investment income (which he did not have to slave 9 to 5 to earn) of $13,700,000. He can at least afford to pay for decent housing, adequate food, necessary medical care, good education for his family, and many luxuries despite his tax burden —- which is not the case for the guy making a subsistence living but paying a higher tax rate than him.
Go back to one of your many luxury vacation homes, perfect your tan and golf game, be fawned over by your adoring family, meet with your accountant to squeeze every last tax dollar out of the American treasury, but butt out of trying to further screw the struggling middle and lower classes.
You are not one of us, Mitt, so just go away.