BREAKING NEWS: ROMNEY RELEASING 20-YEAR SUMMARY OF TAXES
By JUSTIN DUCKHAM
Talk Radio News Service
WASHINGTON - On Friday afternoon, Republican presidential candidate Mitt Romney will release a summary of his families’ tax returns dating back twenty years, according to his campaign.
R. Bradford Malt, a trustee of the Romneys’ blind trust, said in a campaign blog post that the Romneys’ average annual effective tax rate was 20.2 percent and that their lowest annual personal tax rate was 13.66 percent.
Malt noted that the Romneys’ have paid 100 percent of the taxes that they owed.
In addition, Malt said that the Romneys’ donated on average 13.45% of their adjusted gross income to charity each year.
The summary will be laid out in a notarized letter from PriceWaterhouseCoopers, the firm that has manages the Romneys’ taxes.
The campaign will also release the Romneys’ 2011 tax returns, wherein their tax rate for the year was reportedly 14.1 percent.
Romney’s tax returns has been a hot-button issue throughout the campaign, with President Barack Obama personally insisting that Romney should release years worth of returns and Senate Majority Leader Harry Reid (D-Nev.) publicly stating that a source close to Romney told him that the candidate did not pay income taxes for a decade.
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