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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