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Romney Tax Rate 14.1 Pct in 2011 Romney Tax Rate 14.1 Pct in 2011

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Politics / Campaign 2012

Romney Tax Rate 14.1 Pct in 2011

photo of Jill Lawrence
September 21, 2012

Mitt Romney paid a tax rate of 14.1 percent on income of $13.7 million in 2011, according to a blog posting by Brad Malt, the trustee of Romney's blind trust.

  • The total tax paid by the Republican nominee in 2011 was $1.9 million.
  • Romney's effective federal tax rate from 1990 to 2009 averaged 20.2 percent; he never paid less than 13.66 percent.
  • In 2011, Romney gave $4 million to charity and took a $2.25 million deduction for the contributions.
  • Most of his 2011 income was investment income.

Romney Borrowed $20 Million

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