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Romney releases 2011 tax return, paid 14.1 percent
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Looking to blunt relentless Democratic attacks, Mitt Romney on Friday released his 2011 tax return, a summary of his effective tax rates for the past two decades and, for good measure, two doctor's notes attesting to the good physical health of the candidate and his running mate, Paul Ryan.

The tax return was released at 3 p.m. ET on the website http://www.mittromney.com/disclosure. Ahead of the release, the former Massachusetts governor's campaign released a blog post summarizing the document.

Releasing information on a Friday afternoon is traditionally a way to reduce the amount of media exposure.

The move fulfills a promise Romney made earlier in the 2012 presidential campaign. But it was unlikely to quiet Democratic criticisms that Romney has failed to live up to a standard set by his father, former Michigan Gov. George Romney, who released 12 years of tax returns when he ran for president in 1968.

The Romneys paid $1,935,708 in taxes on $13,696,951 of mostly investment income for an effective tax rate of 14.1 percent. (The Obamas paid an effective tax rate of 20.5 percent in 2011, a lower rate than the president's secretary, according to the White House.)

Romney, who is thought to have a personal fortune in the neighborhood of $250 million, gave $4,020,772 to charity, 30 percent of their income. (The Obamas gave 21.8 percent of their income to charity.)

The blog post, written by the manager of Romney's blind trust since 2003, R. Bradford Malt, said the Romneys had filed their 2011 tax return with the IRS Friday morning. It also indicated that the Romneys' tax preparer, PricewaterhouseCoopers, would provide a letter summarizing the tax rates that the Romneys paid from 1990 to 2009.


http://news.yahoo.com/blogs/ticket/romne...ction.html
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Romney releases 2011 tax return, paid 14.1 percent - by RunItUpTheGut - 09-22-2012, 04:22 AM

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