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The Trail: 2012 Presidential News from the Field / CAMPAIGN 2012

Mitt Romney's Tax Return Income in 2010, Estimate for 2011 Released—Report

Republican presidential candidate, former Massachusetts Gov. Mitt Romney gestures during a Republican presidential debate Monday Jan. 23, 2012, at the University of South Florida in Tampa, Fla. (AP Photo/Paul Sancya)  (AP Photo/Paul Sancya)

January 24, 2012

Mitt Romney earned $20.9 million last year and $21.7 million in 2010, The Washington Post reported Tuesday morning. 

"None came from wages, the primary source of income for most Americans. Instead, Romney and his wife, Ann, collected millions in capital gains from a profusion of investments, as well as stock dividends and interest payments," The Post wrote. 

Mitt and Ann Romney gave $7 million to charity over two years, with $4.1 million going to the Mormon Church, The Post reported. The Romneys paid an estimated $6.2 million in taxes over that time. In 2010, they had an effective tax rate of 13.9 percent. Romney estimates he will pay an effective rate of 15.4 percent or $3.2 million. 

 

 

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