Romney's 2011 Tax Returns to be Released at 3 p.m. Friday

Advanced information is that he paid 14.1 percent on an income of $13.7 million in 2011.

USA Today is reporting that Mitt Romney's 2011 tax return will be posted on the Internet today. Advance information is that he and his wife paid $1.9 million in taxes on about $13.7 million in income. They donated $4 million, or 30 percent, to charities. That is an effective 14.1 percent tax rate. In order to keep it as high as 14.1 percent, the Romneys reportedly only claimed half of their charitable donations.

In addition, a notorized letter from Pricewaterhouse Coopers reportedly also shows that Mitt and Ann Romney paid both state and federal income taxes for the past 20 years, starting with 1990 and going through 2009. The 2010 taxes have already been released.

The letter is reported to note that the Romneys paid an average rate of 20.2 percent for the 20-year period, with the lowest being 13.66 percent.

Romney has taken flack, a lot of it on local Patch sites, for his time at Bain Capital as well as his refusal to release his taxes.

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Do you think this is enough to satisfy reports that Romney didn't pay taxes or does he still need to release the last 20 years?

Brandt Hardin September 21, 2012 at 07:09 PM
Romney’s tax rate is still LESS THAN HALF of the AVERAGE Middle Class American! This is the epitome of GREED. There's no doubt a Romney administration would favor the rich and increase the income gap in our country? Mitt is a pariah in Mormon Clothing and will stop at nothing to expand an empire of greed for the rich in this country by expanding tax cuts for the 1% of the wealthiest Americans. He’s out to gut the Middle Class for every red cent he can get. Will his sacred Mormon underwear grant him the protection and money to buy this election? See for yourself as Mitt dons his tighty-whities sent down from the Good Lord Himself at http://dregstudiosart.blogspot.com/2012/05/mitt-romneys-magic-mormon-underwear.html
Grant September 21, 2012 at 07:20 PM
When is he going to release his middle school transcripts? I think the American people deserve to see his signed permission trip for that field trip he took in fourth grade too . Someone call that Taitz woman and Sheriff Joe !
NJ4America September 21, 2012 at 07:28 PM
The question is: Did he break the law? We know Timothy Geithner, Charlie Rangel and plenty others cheated on their taxes and I don't hear liberal weasels crying about them.
Grant September 21, 2012 at 07:31 PM
Actually for many of us who are actually doing research before voting there are many questions , not just one . This guy wants to handle the finances of this country it is entirely relevant to the voters to see exactly how he handles his own. I seriously doubt Mitt's gonna release evidence that he did anything illegal .
I.B. Reeding September 21, 2012 at 10:43 PM
Come on Grant. Is this all you've got? Tell me what Obama has done for the working tax payers while in office? You and I both know why he was elected. He had his chance to fulfill his CHANGE promises.. How did it work out for you? Time to hire a new leader to try his hand at cleaning up this mess.
M.A.Dawson September 21, 2012 at 11:27 PM
Don't expect grant to answer you. 1. He's not on the clock 2. He doesn't share an opinion, he only criticizes others 3. Just a few months ago, he too agreed that Obama is a loser He's a lot like Obama
Tammy Osier September 22, 2012 at 01:12 PM
Romney not only has a high percentage of charitable giving but has spent much of his time - without pay and not with his church- helping people train and find jobs. You don't hear much about that and can find it anywhere. Has anyone checked out the obama's charitable giving? Really? They make a lot of money too. Is this all anyone's got, to bad mouth the man over this? I'd be more concerned about the fact that the president that says he's only going to tax the rich, hasn't told you about Jan. 2013. Starting in Jan. 2013, the marriage tax will commence once again, as will the child tax credits will be cut in half (from 1000 to 500). The middle class death tax returns. Higher tax rates on savers and investors on January 1, 2013. The capital gains tax will rise from 15 percent this year to 23.8 percent in 2013. The top dividends tax will rise from 15 percent this year to 43.4 percent in 2013. This is because of scheduled rate hikes plus Obamacare’s investment surtax. I want a Republican in the Whitehouse, because they generally leave this alone. A tax is a tax folks.
Tammy Osier September 22, 2012 at 01:14 PM
@ NJ4 - you're right, we have actual proof that prominent democrats (one over money) that have cheated on taxes. Of course, you'll hear crickets on that one.
Christopher Michael September 22, 2012 at 02:18 PM
Why is this such a big damn deal? Obama in the crackhouse has spent this country's money on God knows what and the stupid people making excuses for him constantly.It seems that more and more people favor his socialist views which will eventually lead to a dictatorship in which I will have no part of. This country is going to hell because of the democratic party and the liberal idiots who have no respect for what America was founded on. Go ahead,give up your guns. Surrender everything you have to the socialist Obama so brave individuals can storm the beaches of Florida to liberate your butts from the concentration camps you so desperately want to be enslaved in and overthrow Obama and his nazi party. So many attack Romney but so few seem to care about how badly Obama wants to control your life and mold this country into one that cannot defend itself from anything. I will not bow,I will not surrender. I am a proud American that served and did my duty and would do it again.
Christopher Michael September 22, 2012 at 02:21 PM
We can't ask Obama for that stuff because then that would be racist now wouldn't it? Ha!
Tammy Osier September 22, 2012 at 02:26 PM
@ Christopher- Agreed! How can people be so blind??? Bad thing is, IF bho gets back in, these same people will be eating crow in about 6 months, and we can say "told you so", but it will be TOO LATE.
Grant September 24, 2012 at 12:49 PM
IB "All I've got"? I simply think Mitt should come clean with the people he wants to represent and release the usual and customary number of tax returns . The man is attempting to win an election and the appearance that he is hiding something doesnt bode well for him .
Christopher Michael October 02, 2012 at 04:40 PM
@Tammy-they all just support obama and are a part of the problem with making excuses for him like all liberal idiots. Sunken Sub above belittling those who will or have graduated from walton co schools well,my daughter is at loganville hs and it is a very good school. He must be from the better than dunwoody:)
SUNKEN SUB October 03, 2012 at 01:12 PM
The original post vaporized. Delete is powerful. Know the difference between EARNED INCOME and CAPITAL GAINS. Earned income is your pay check, generally you pay about 28% in Fed taxes Capital gains is income from investments made with AFTER tax money. Kinda like the interest (if you can call the small amount that the bank pays on savings). Better results can be made in stock market, investment funds, etc. It is taxed at a lower rate BECAUSE the investment dollars have already BEEN taxed. Thus the lower < 20 percent range. For Christopher Michael----- Walton county schools If you don't know the difference between Tongue in Cheek and FOOT IN MOUTH, Watch Your STEP [:-)) Read the rest below.
SUNKEN SUB October 03, 2012 at 01:15 PM
Sunken Sub above belittling those who will or have graduated from walton co schools" ------------------- Had to look for the above remark. That's why they have a reply button. [R E P L Y]. I grew up in Lakewood, you know where Chevrolet was and the Federal Prison still is. I AM a graduate of APES ---- Atlanta Public Education System.--- before CRCT And, unlike Brandt above, I know how the tax system works and don't need any help like he does And yes your "stuff" does stink. Ask the rest of the county If you don't know the difference between Tongue in Cheek and FOOT IN MOUTH, Watch Your STEP [:-))
Concerned Citizen October 03, 2012 at 01:35 PM
So he paid all the taxes he was legally required to, and because it's Capital Gains this is money being taxed for the second time. I realize this is difficult for some to grasp and doesn't fit the narrative. The Romney's also gave 30% to charity and didn't take a deduction on the full amount. What an evil person he must be. Yet, this still won't be enough for the left and many on here who will insist he's done something wrong. The blind loyalty for Obama is disgusting. Hope Mitt issues a challenge tonight that he will release every tax document they want as soon as Obama releases college transcripts. Millions paid to hide those, what's he hiding? Don't we deserve to know that too or is this only one sided.
Grant October 03, 2012 at 02:30 PM
Concerned Citizen, I guess you cant or wont see the false equivalency in your attempt at argument? Why do you feel as though you have some right to see anyone's college transcripts? Exactly what is the relevance of Obama's Algebra grade from 1979? On the other hand... Recent tax returns that have been customarily supplied by nearly every presidential candidate going back for many years and are indeed a relevant indicator as to how a candidate manages his money . Further the willingness to make them available suggests the candidate has nothing to hide


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