Mitt Romney’s Tax Returns of the Day: In 2010, Romney made $21.7 million. In 2011, the former Massachusetts governor made $20.9. In both years, the overwhelming majority of his income came from personal investments — capital gains, dividends, and interest.
In both years Romney owed significantly less taxes than the average American — 13.9% in 2010; 15.4% in 2011.
To his credit, Romney did donate some $7 million to charity over the course of the last two years. (The majority of which went to the Mormon Church, but it still beats Biden’s $369 a year.)
All in all, nothing earth-shattering, although the forms certainly cement in the minds of the average voter just how above-average Romney is in the fortune department.
[photo: theatlantic.]
Well, he paid more than nearly half of American tax filers who will pay NO federal income taxes this year, according to data released by the Tax Policy Center.
Some 76 million tax filers, or 46.4 percent of the total, will be exempt from federal income tax in 2011.
~The Huffington Post, January 24, 2012
![thedailywhat:
Mitt Romney’s Tax Returns of the Day: In 2010, Romney made $21.7 million. In 2011, the former Massachusetts governor made $20.9. In both years, the overwhelming majority of his income came from personal investments — capital gains, dividends, and interest.
In both years Romney owed significantly less taxes than the average American — 13.9% in 2010; 15.4% in 2011.
To his credit, Romney did donate some $7 million to charity over the course of the last two years. (The majority of which went to the Mormon Church, but it still beats Biden’s $369 a year.)
All in all, nothing earth-shattering, although the forms certainly cement in the minds of the average voter just how above-average Romney is in the fortune department.
[photo: theatlantic.]
Well, he paid more than nearly half of American tax filers who will pay NO federal income taxes this year, according to data released by the Tax Policy Center.
Some 76 million tax filers, or 46.4 percent of the total, will be exempt from federal income tax in 2011.
~The Huffington Post, January 24, 2012](http://25.media.tumblr.com/tumblr_lybai4K0Cf1qzpwi0o1_500.jpg)