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Romney Makes Good On Promise - Releases 20 yrs. of tax returns!
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Romney made good on his pledge to release his tax returns from 2011 before the election, and went a step further than was previously anticipated in releasing a certified summary of his tax returns over a two-decade period preceding 2010.
You can see them here: [link to www.mittromney.com]
The Republican's campaign said Romney paid more than $1.9 million in taxes on income of about $13.7 million. That amounts to a 14.1 percent effective tax rate; the tax level is lower because most of the Romneys' income comes from investment, which is taxed at a lower rate than employment income.
Mitt and Ann Romney also donated about $4 million -- about 30 percent of their income -- to charity in 2011, though they only claimed a deduction of about $2.25 million from those donations, according to the campaign.
That means the Romneys voluntarily paid a higher tax rate than they were legally required, which the campaign said they did in order to stay consistent with Romney's pledge to never play less than a 13 percent tax rate.
President Barack Obama and an array of Democrats have launched personal attacks on Romney, looking to turn him into the most prominent example of how wealthy Americans are able to use tax deductions and complex financial instruments to end up paying a lower effective tax rate than most Americans.
Senate Majority Leader Harry Reid -- a Democrat from Nevada, where Romney is coincidentally campaigning today -- went far further than that in making a repeated public allegation earlier this year that an anonymous source had told him that there were years in which Romney paid no taxes.
Throughout the summer, Democrats pummeled Romney over the issue of taxes as the Republican doggedly refused to release more than the 2010 and 2011 returns. (Last year's returns were delayed after the Romneys requested an extension on their filing.) Those attacks played a large role in negatively defining Romney, especially in swing states.
But wait...! There's more...!
He also took a pass on his $135K governor salary and did the job for no money.
[link to www.bizjournals.com]
When he took the job, Romney said he would accept the offered salary of $250,000 a year only if the Olympics made a profit. When it did, he turned his salary over to charity. In addition, he contributed $1 million to the games.
[link to www.newsmax.com]
obviously, romney isn't the big bad guy obama would like you to believe he is.
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