Romney releases tax docs, pays $1.9m last year

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Updated: 9/21/2012 2:35 pm
WASHINGTON (AP) - Mitt Romney is releasing his 2011 tax returns.

Romney aides on Friday said the Republican presidential nominee would give the public a look at his finished tax forms. Ahead of their release, expected at 3 p.m., aides said Romney earned almost $13.7 million last year and paid more than $1.9 million in taxes - an effective tax rate of 14.1 percent.

Romney's campaign earlier estimated that Romney would pay about $3.2 million in taxes.

Romney paid about $3 million in federal income taxes in 2010 - or 13.9 percent.

Critics, including President Barack Obama, have urged Romney to release more than just the two years of returns and follow his father's model. When George Romney ran for president, he released 12 years of tax returns.

The younger Romney is refusing.
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grumpyoldman - 9/21/2012 7:52 PM
1 Vote
Mitt Romney: the most admirable man ever to be irrationally hated by half the country. If I was him I wouldn't release ANYTHING till Obama started releasing his school records. What does he have to hide?

Chabsentia - 9/21/2012 5:22 PM
1 Vote
People need to read the Tax Code. The Maximum Tax on Dividends and Capital Gains is 15%, It applies to everybody.All the income to Romney was from these sources. Romney than gave 3 million dollars to Charity. Deductions to Charity are deductible for everybody. If you don't like it then ask Congress to eliminate all tax loopholes including the Mortgage deduction. Otherwise the whiners are either ignorant or envious.
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