Democracy Now: Romney Paid Low Rate on Millions in Investment Income

Mitt Romney has released tax forms showing he payed an effective tax rate of 15.4 percent last year and an even lower rate of 13.9 percent the year before—substantially lower than the rate of most working Americans. Overall, Romney reported income of $43.6 million for 2010 and 2011, virtually all of it from investments. Romney’s charitable contributions included $4.1 million to the Mormon Church.

~ by wheresthemic on January 24, 2012.

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