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Romney Tax Returns: Tax Bill of Nearly $2 Million

Joey_D Wrote: Sep 21, 2012 2:51 PM
The tax rate you actually end up paying on your income after deductions and credits have been factored in.

Brad Malt, the trustee of GOP presidential candidate Mitt Romney's blind trust, released a statement that the campaign will be releasing the Romneys' 2011 tax returns at 3pm along with a letter from accounting firm PriceWaterhouseCoopers that will provide the Romneys' tax rates over the 20-year period from 1990-2009.

The top-line numbers for 2011: Romney made $13.7 milion on mostly investment income and paid $1.9 million in taxes - an effective tax rate of 14.1%. Over the 20-year period that PWC will release, the Romneys' average effective tax rate was over 20%. Remember, Harry Reid claimed that the Romneys...