Romney to release 2011 tax return and summary of past taxes
LAS VEGAS — Mitt Romney will release his 2011 tax return Friday, as well as a summary of his returns for the past two decades, the campaign announced.
In 2011, Romney and his wife, Ann, reported $13.7 million in income, mostly investments, and their tax rate was 14.1%, or $1.9 million. The couple donated $4 million to charity, but didn’t take the full deduction to remain true to a Romney statement in August that he paid at least 13% in taxes in recent years, according to a blog post by Brad Malt, the trustee of the Romneys’ blind trust.
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In a bid to quell critics who have slammed the Republican presidential candidate for not releasing more years of tax returns, the couple will also release a summary of their tax rates from 1990 to 2009.
These notarized summaries will show that the couple paid state and federal income tax every year, that their average effective federal tax rate over the two decades was 20.2%, and the lowest was 13.66%.
The documents are expected to be released at 3 p.m. Eastern time.
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