Mitt Romney paid more taxes in 2011 than he needed to

Source: Syracuse Post Standard




WASHINGTON (AP) — Mitt Romney, one of the wealthiest candidates ever to seek the presidency, paid nearly $2 million in federal taxes on $13.7 million in income that he and his wife reported last year, his U.S. returns showed Friday. That came to an effective tax rate of 14.1 percent, lower than millions of middle-income Americans but actually more than he had to pay.

Most of Romney’s income was from investment returns. That is why his rate was lower than taxpayers whose income was mostly from wages, which can be taxed at higher rates.


http://www.syracuse.com/news/index.ssf/2012/09/mitt_and_ann_romneys_paid_194.html



Read more: http://www.syracuse.com/

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The title of this post is the banner on the home page of Syracuse.com. This "news" outlet in the last two months was given a complete makeover and has since turned decidedly RW (in my opinion) burying Lybiagate and Mitt's 47% debacle in favor of headlines like this.

It makes me think that this is where the repub PAC $ is going on local levels.