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Romney releases long-awaited tax return
Republican presidential candidate Mitt Romney paid $1.9m in taxes on more than $13m in income in 2011, an effective tax rate of 14.1 per cent, his campaign has said.
The announcement was made on Friday ahead of the release of the full return and Romney’s 20-year summary, conducted by PricewaterhouseCoopers and made available for public view online.
Fighting back against Democratic party claims that he paid little or no taxes in earlier years, the Romney campaign also released a letter certifying he owed an average effective federal tax rate of 20.2 per cent over the 20-year period ending in 2009.
So, that’s all OK then.
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‘Trust Me’ should be Romney’s campaign slogan.
Which tax loopholes will he close? Just vote for him & he’ll tell you after the election. Which services will he cut? Just vote for him & he’ll tell you after the election. He’s paid an average tax rate of 20.2%? Just trust him since you won’t see the numbers that’s based on.
Didn’t the Guardian already point out that he’s -underdeclared- his charitable donations by 40% which raised his tax exposure to 14.1% of AGI?