22 September, 2012

CNN Breaking News

Republican presidential candidate Mitt Romney has released his full 2011 federal income tax returns, fulfilling a commitment he made earlier this year.

Brad Walt, the trustee of the Romney’s blind trust, said the Romneys paid $1,935,708 in 2011 taxes on $13,696,951 in income. He said the Romneys’ effective tax rate for 2011 was 14.1%.

Also in the release, Walt said that during the 20-year period between 1990-2009, the Romneys paid an average federal tax rate of 20.2%.

In January, Romney released a summary of his 2011 taxes. In it, he and his wife, Ann, originally said they filed a joint 1040 reporting a joint income of $21 million and a tax bill of $3.2 million.

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