Today Mitt Romney finally released his 2011 tax returns. As I expected there is nothing there.
- In 2011, the Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment income.
- The Romneys’ effective tax rate for 2011 was 14.1%.
-The Romneys donated $4,020,772 to charity in 2011, amounting to nearly 30% of their income.
-The Romneys claimed a deduction for $2.25 million of those charitable contributions. The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years.
Now we already had Romney's 2010 tax returns, and yes he paid his taxes then too. Remember though the ridiculous accusations of Harry Reid? Here let me remind you.
He’s refused to release his tax returns, as we know. If a person coming before this body wanted to be a cabinet officer, he couldn’t be if he did the same refusal Mitt Romney does about tax returns. So the word’s out that he hasn’t paid any taxes for ten years. Let him prove that he has paid taxes, because he hasn’t.
In addition to the released tax return, Romney also released additional documentation. His campaign website reports,
In addition to the complete 2010 and 2011 tax returns, Gov. Romney has released nine financial disclosures since 2002, which are posted on this site as well. There are 3 federal Public Financial Disclosures (from 2007, 2011, and 2012), and 6 Massachusetts Statements of Financial Interests (from 2002, 2003, 2004, 2005, 2006, and 2007). The site also includes Congressman Paul Ryan’s financial information: tax returns from 2011 and 2010 for Paul and Janna Ryan, as well as 14 federal Public Financial Disclosures covering 1999-2012.
Bottom line. Mitt Romney makes a lot of money. He pays a lot of money in taxes. He gives a lot of money to charity. Now that's not anything new, as I reported previously.
What should be new now is a call for Barack Obama to release some college transcripts, maybe some financial aid applications, take the hold off of the birth certificate hold up in Hawaii, and maybe open up that selective service file for further investigation. Heck, while you're at it, why not remove executive privilege and release all internal communications along with allowing Mr. O'Reilly to testify on the Fast and Furious scandal. I'm betting it doesn't happen.Don't forget to Like Freedom Outpost on Facebook, Google Plus, & Twitter. You can also get Freedom Outpost delivered to your Amazon Kindle device here.