Romney released 2011 tax return,

**gixxerboy1** · 09-21-2012, 03:00 PM

Romney made good on his pledge to release his tax returns from 2011 before the election, and went a step further than was previously anticipated in releasing a certified summary of his tax returns over a two-decade period preceding 2010.

The Republican's campaign said Romney paid more than $1.9 million in taxes on income of about $13.7 million. That amounts to a 14.1 percent effective tax rate; the tax level is lower because most of the Romneys' income comes from investment, which is taxed at a lower rate than employment income.

Mitt and Ann Romney also donated about $4 million -- about 30 percent of their income -- to charity in 2011, though they only claimed a deduction of about $2.25 million from those donations, according to the campaign.

That means the Romneys voluntarily paid a higher tax rate than they were legally required, which the campaign said they did in order to stay consistent with Romney's pledge to never play less than a 13 percent tax rate.

**gixxerboy1** · 09-21-2012, 03:01 PM

Im sorry but the part in bold sounds like such BS.

**spywizard** · 09-21-2012, 03:05 PM

see, now you know where your medical and school money came from..

**Shol'va** · 09-21-2012, 03:11 PM

So are they telling us that the Romneys are only worth 13.7 million? Wow I didn't realize they were that poor! That is poverty level in the millionaire status circles. But I thought they had millions all over the cayman islands as well as in Switzerland. Was that a bunch of BS propaganda started by the left news media? You know whats funny is that all those millionaires, Romney included are receiving social security as they continue to bad mouth it and talk about how it is going broke as they run every month to the bank to deposit their own SS check. None of them ever volunteer, that I am aware of, to send their monthly checks back to Social Security in order to help the Fund, but boy are they ever the loudest when it comes to wanting to dismantle it and take the money that's left for their own special pet projects.......