Romney Releases 2011 Tax Returns, Paid Lower Rate than Middle Class Families
FILED TO: Politics
The Daily Banter Headline Grab. From Yahoo! News:
Looking to blunt relentless Democratic attacks, Mitt Romney on Friday released his 2011 tax return, a summary of his effective tax rates for the past two decades and, for good measure, two doctor’s notes attesting to the good physical health of the candidate and his running mate, Paul Ryan.
The tax return was released at 3 p.m. ET on the website www.mittromney.com/disclosure. Ahead of the release, the former Massachusetts governor’s campaign released a blog post summarizing the document.
Releasing information on a Friday afternoon is traditionally a way to reduce the amount of media exposure.
The move fulfills a promise Romney made earlier in the 2012 presidential campaign. But it was unlikely to quiet Democratic criticisms that Romney has failed to live up to a standard set by his father, former Michigan Gov. George Romney, who released 12 years of tax returns when he ran for president in 1968.
The Romneys paid $1,935,708 in taxes on $13,696,951 of mostly investment income for an effective tax rate of 14.1 percent. (The Obamas paid an effective tax rate of 20.5 percent in 2011, a lower rate than the president’s secretary, according to the White House.)