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Romney's 2011 Tax Returns to be Released at 3 p.m. Friday

Advanced information is that he paid 14.1 percent on an income of $13.7 million in 2011.

USA Today is reporting that Mitt Romney's 2011 tax return will be posted on the Internet today. Advance information is that he and his wife paid $1.9 million in taxes on about $13.7 million in income. They donated $4 million, or 30 percent, to charities. That is an effective 14.1 percent tax rate. In order to keep it as high as 14.1 percent, the Romneys reportedly only claimed half of their charitable donations.

In addition, a notorized letter from Pricewaterhouse Coopers reportedly also shows that Mitt and Ann Romney paid both state and federal income taxes for the past 20 years, starting with 1990 and going through 2009. The 2010 taxes have already been released.

The letter is reported to note that the Romneys paid an average rate of 20.2 percent for the 20-year period, with the lowest being 13.66 percent.

Romney has taken flack, a lot of it on local Patch sites, for his time at Bain Capital as well as his refusal to release his taxes.

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Do you think this is enough to satisfy reports that Romney didn't pay taxes or does he still need to release the last 20 years?


Christopher Michael October 02, 2012 at 04:40 PM
@Tammy-they all just support obama and are a part of the problem with making excuses for him like all liberal idiots. Sunken Sub above belittling those who will or have graduated from walton co schools well,my daughter is at loganville hs and it is a very good school. He must be from the better than dunwoody:)
SUNKEN SUB October 03, 2012 at 01:12 PM
The original post vaporized. Delete is powerful. Know the difference between EARNED INCOME and CAPITAL GAINS. Earned income is your pay check, generally you pay about 28% in Fed taxes Capital gains is income from investments made with AFTER tax money. Kinda like the interest (if you can call the small amount that the bank pays on savings). Better results can be made in stock market, investment funds, etc. It is taxed at a lower rate BECAUSE the investment dollars have already BEEN taxed. Thus the lower < 20 percent range. For Christopher Michael----- Walton county schools If you don't know the difference between Tongue in Cheek and FOOT IN MOUTH, Watch Your STEP [:-)) Read the rest below.
SUNKEN SUB October 03, 2012 at 01:15 PM
Sunken Sub above belittling those who will or have graduated from walton co schools" ------------------- Had to look for the above remark. That's why they have a reply button. [R E P L Y]. I grew up in Lakewood, you know where Chevrolet was and the Federal Prison still is. I AM a graduate of APES ---- Atlanta Public Education System.--- before CRCT And, unlike Brandt above, I know how the tax system works and don't need any help like he does And yes your "stuff" does stink. Ask the rest of the county If you don't know the difference between Tongue in Cheek and FOOT IN MOUTH, Watch Your STEP [:-))
Concerned Citizen October 03, 2012 at 01:35 PM
So he paid all the taxes he was legally required to, and because it's Capital Gains this is money being taxed for the second time. I realize this is difficult for some to grasp and doesn't fit the narrative. The Romney's also gave 30% to charity and didn't take a deduction on the full amount. What an evil person he must be. Yet, this still won't be enough for the left and many on here who will insist he's done something wrong. The blind loyalty for Obama is disgusting. Hope Mitt issues a challenge tonight that he will release every tax document they want as soon as Obama releases college transcripts. Millions paid to hide those, what's he hiding? Don't we deserve to know that too or is this only one sided.
Grant October 03, 2012 at 02:30 PM
Concerned Citizen, I guess you cant or wont see the false equivalency in your attempt at argument? Why do you feel as though you have some right to see anyone's college transcripts? Exactly what is the relevance of Obama's Algebra grade from 1979? On the other hand... Recent tax returns that have been customarily supplied by nearly every presidential candidate going back for many years and are indeed a relevant indicator as to how a candidate manages his money . Further the willingness to make them available suggests the candidate has nothing to hide

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