ROMNEY’S TAX RATE 14.1% LAST YEAR – WE HAVE A LINK TO THE FULL PUBLIC DISCLOSURE

He finally released his tax returns.

The 2011 returns show that Mitt Romney’s tax rate was a little over 14%.

He paid nearly $2 million in taxes.  Income was nearly $14 million.

The rate is on capital gains. Much lower than people pay on wages on salaries. By comparison, the Obama’s tax rate for the same period was 20.5%

The campaign also says Romney paid about 20.2% over the past two decades – more in line with what other Americans pay – and an attempt to refute Democratic claims that Romney paid taxes at a rate much lower than most people.

You can see the full Romney public disclosure here.

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Posted by Gary on Sep 21 2012. Filed under Breaking News, Politics, Top stories, US. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.