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		<title>Romney Releases 2011 Tax Returns, Paid $1.9 Million</title>
		<link>http://www.inquisitr.com/338996/romney-releases-2011-tax-returns-paid-1-9-million/</link>
		<comments>http://www.inquisitr.com/338996/romney-releases-2011-tax-returns-paid-1-9-million/#comments</comments>
		<pubDate>Fri, 21 Sep 2012 18:27:18 +0000</pubDate>
		<dc:creator>Dan Evon</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[mitt romney releases taxes]]></category>
		<category><![CDATA[mitt romney tax return]]></category>
		<category><![CDATA[mitt romney tax returns]]></category>
		<category><![CDATA[mitt romney taxes]]></category>

		<guid isPermaLink="false">http://www.inquisitr.com/?p=338996</guid>
		<description><![CDATA[<p><a href="http://www.inquisitr.com/338996/romney-releases-2011-tax-returns-paid-1-9-million/" title="Romney Releases 2011 Tax Returns, Paid $1.9 Million"><img width="475" height="275" src="http://cdn.inquisitr.com/wp-content/uploads/2012/09/mitt-romney2.jpeg" data-attID="339016" class="attachment-single-leader wp-post-image" alt="mitt romney" /></a></p><br />Mitt Romney has had a rough week. The 47% comment, brown face accusations, and the loss of Tim Pawlenty have hurt the GOP candidate&#8217;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...  <a class="excerpt-read-more" href="http://www.inquisitr.com/338996/romney-releases-2011-tax-returns-paid-1-9-million/" title="ReadRomney Releases 2011 Tax Returns, Paid $1.9 Million">Read more &#187;</a><p><a href="http://www.inquisitr.com/338996/romney-releases-2011-tax-returns-paid-1-9-million/">Romney Releases 2011 Tax Returns, Paid $1.9 Million</a> is a post from: <a href="http://www.inquisitr.com">The Inquisitr</a></p>
<br /><br /><br />]]></description>
				<content:encoded><![CDATA[<p><a href="http://www.inquisitr.com/338996/romney-releases-2011-tax-returns-paid-1-9-million/" title="Romney Releases 2011 Tax Returns, Paid $1.9 Million"><img width="475" height="275" src="http://cdn.inquisitr.com/wp-content/uploads/2012/09/mitt-romney2.jpeg" data-attID="339016" class="attachment-single-leader wp-post-image" alt="mitt romney" /></a></p><p>Mitt Romney has had a rough week. The <a title="Romney Doubles Down On ‘Victims’ Comment In Hastily Assembled Press Conference" href="http://www.inquisitr.com/334707/romney-doubles-down-on-victims-comment-in-hastily-assembled-press-conference/">47% comment</a>, <a title="Did Mitt Romney Don ‘Brownface’ For Univision Appearance?" href="http://www.inquisitr.com/337949/did-mitt-romney-don-brownface-for-univision-appearance/">brown face accusations</a>, and the <a title="Tim Pawlenty Leaves Mitt Romney Campaign For Greener Pastures: Bank Lobbying" href="http://www.inquisitr.com/337625/tim-pawlenty-leaves-mitt-romney-campaign-for-greener-pastures-bank-lobbying/">loss of Tim Pawlenty</a> have hurt the GOP candidate&#8217;s campaign. In an effort to change the political topic, Mitt Romney is going to release his 2011 tax returns.</p>
<p>According to the <a title="associated press" href="http://news.yahoo.com/romney-releases-tax-docs-pays-1-9m-last-175522373--election.html"><em>Associated Press</em></a>, Romney will release his 2011 tax returns later this afternoon.</p>
<p>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. <a title="usa today" href="http://content.usatoday.com/communities/onpolitics/post/2012/09/21/mitt-romney-tax-returns-2011/70000874/1#.UFyvRo1lTiY"><em>USA Today</em></a> reports that Mitt and Anne Romney donated about $4 million to charity in 2011, or about 30% of their income.</p>
<p>The announcement that Romney would release his 2011 tax returns today was made on the <a title="mitt romney" href="http://www.mittromney.com/blogs/mitts-view/2012/09/note-trustee-brad-malt">GOP candidate&#8217;s website</a> by Trustee Brad Malt.</p>
<p>Malt writes:</p>
<blockquote><p>&#8220;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.&#8221;</p></blockquote>
<p>Malt said that Romney would also release a &#8220;notarized letter from &#8230; tax preparer, PricewaterhouseCoopers, LLP (PWC)&#8221; which will summarize Romney&#8217;s tax returns from 1990 to 2009.</p>
<p>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.</p>
<p>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.</p>
<p>Romney&#8217;s full tax returns from 2011 will be available later today at <em><a href="http://www.mittromney.com/disclosure">Mittromney.com</a></em>.</p>
<p><a href="http://www.inquisitr.com/338996/romney-releases-2011-tax-returns-paid-1-9-million/">Romney Releases 2011 Tax Returns, Paid $1.9 Million</a> is a post from: <a href="http://www.inquisitr.com">The Inquisitr</a></p>
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