So now that this issue is over....
"Mitt Romney paid $1.95 million in federal income taxes on 2011′s investment income of $13.7 million, meaning his effective tax rate was 14.1 percent.Next.
In 2010, Romney paid nearly $3 million in federal income taxes on his 2010 investment income of $21.7 million, meaning his effective tax rate was 13.9 percent.
Of course, the Republican presidential candidate’s tax rate for both years was pushed downwards by the amount he donated to charity.
Romney’s 2011 tax return shows charitable contributions totaling a little over $4 million, meaning he donated 30 percent of his income. Romney’s 2010 tax return shows charitable contribution of almost $3 million, meaning he donated about 11 percent of his income to charity.
And as for the 20-year summary of the GOP candidate’s tax returns his campaign released Friday, Romney donates on average 13.45 percent of his adjusted gross income to charity each year."
