Mitt Romney paid 13.9 percent of his income in taxes last year, according to his 2010-2011 tax return, first reported by Reuters. Most of the income was from investments and capital gains.
Reuters reports:
(Reuters) – Republican presidential candidate Mitt Romney released tax records on Tuesday indicating he will pay $6.2 million in taxes on a total of $45.2 million in income over the years 2010 and 2011.
Bowing to increasing political pressure to provide more detail about his vast wealth, the former private equity executive released tax returns indicating he and his wife, Ann, paid an effective tax rate of 13.9 percent in 2010. They expect to pay a 15.4 percent rate when they file their returns for 2011.
