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Today GOP Presidential candidate Mitt Romney released his 2011 tax return–The Gov. And Mrs. Romney  have released enough financial data to keep accountants busy till after the election–a complete 2011 tax return as well as their already completed 2010 tax return.  On top of all that, Gov. Romney has released nine financial disclosures since 2002, which are also posted on his site. 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). He also posted is a letter from the Romneys’ tax preparer, PricewaterhouseCoopers, LLP, which gives an overview of the Romneys’ tax returns covering an additional 20 years, from 1990-2009.

Oh and  he also released a statement from his doctor saying he’s healthy enough to be president.


Lets face it folks,  the guy has now released everything except a HS diploma, kindergarten report card,  the results of the driver’s test he took when he was 17,  and a Bar Mitzvah certificate. The campaign tells me there is no way he is going to release a Bar Mitzvah certificate-turns out Romney is not Jewish (who knew?)

My wife the CPA is too busy to give me an executive report of what the Governor has released, but I have been able to Tweak out some very key points from the release.

  1. Romney gave tons of money to Uncle Sam in  taxes and gave even more to charity: In 2011 The Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment  income. They donated $4,020,722 charity; but only took a charitable deduction of $2,250,772.  Liberals will say “big deal” his Church requires charity.  True, the Mormon Church requires a 10% charitable tithe. Romney gave 29.4% of his income to charity.  Or to look at another way he gave more than double the amount to charity than taxes. …………………………………………………………………….. 
  2.  Romney’s Tax Rate was higher than 80% of Taxpayers; Mitt Romney and his wife, Ann, paid a 14.1 percent effective federal tax rate in 2011. An analysis conducted last February by the Tax Policy Center of the liberal leaning Brooking’s institute, 80% of taxpayers pay an effective tax rate of 12.9% or less on their tax returns. ……………………………………………………………………..
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