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Showing Original Post only (View all)Romney Tax Returns Show $45 Million Income [View all]
Mitt Romneys campaign released details of his federal tax returns on Tuesday morning, showing that he will most likely pay $6.2 million in taxes on $45 million in income over the two tax years of 2010 and 2011.
The details of the returns, confirmed by a senior campaign official, provide the most detailed view yet of his wealthy familys finances. The disclosure comes after a barrage of pressure to release his returns which Mr. Romney has never done, even when he was elected governor of Massachusetts.
The disclosure reported early Tuesday by The Washington Post, The Wall Street Journal and financial wire services showed a vast array of investments from a recently closed Swiss Bank account to holdings in Bermuda to the Cayman Islands, all underscoring the breadth and depth of his wealth that has become central in his bid for the Republican presidential nomination.
Mr. Romney said last week that his effective rate was about 15 percent, a figure lower than that of many affluent Americans. But his returns suggested that he paid an effective tax rate of slightly below that of nearly 14 percent.
http://thecaucus.blogs.nytimes.com/2012/01/24/romney-tax-returns-to-give-view-of-family-wealth/?hp#