Mitt Romney Released 2011 Tax Return, Finally!
Governor Mitt and Mrs. Ann Romney filed their 2011 tax return with the IRS. At 3 p.m. today, the Romney for President campaign published the complete 2011 tax return, with full schedules, statements and attachments.
Most of the American public files only one tax return per household. The tax returns on Gov. Romney’s public disclosure site will make your head spin because he and wife, Ann, filed together, singly for their respective trusts and a family trust was also filed.
He paid $1.9 million in taxes on $13.7 million in income, most of which came from his investments, his tax rate for 2011 was 14.1 percent.
A letter from the Romneys’ tax preparer, PricewaterhouseCoopers, LLP, which gives an overview of the Romneys’ tax returns covering an additional 20 years, from 1990-2009 reads…
Governor Romney’s tax returns show:
First, as a successful businessman, Governor Romney has not only added value to our economy through his investment and business activity, but he has paid millions in taxes every year to the U.S. government.
Second, the Romneys take to heart “to whom much is given, of him shall much be required.” Accordingly, they have been generous in their charitable giving, donating over $7 million between 2010-2011 – donating more to charity than they paid in federal income taxes.
Third, Mitt Romney has scrupulously complied with the U.S. tax code, and his income is reported and taxed at the applicable rates, and he has paid 100 percent of what he has owed.
In addition, Gov. Romney has released nine financial disclosures since 2002, which are also posted on this site. There are 3 federal Public Financial Disclosures (from 2007, 2011, and 2012), and 6 Massachusetts Statements of Financial Interests (from 2002, 2003, 2004, 2005, 2006, and 2007).
Continue reading to see them for yourself.