Romney Tax Returns Show $45 Million Income
Mitt Romney’s campaign has released details of his federal tax returns, showing that he will most likely pay $6.2 million in taxes on $45 million in income over the two tax years of 2010 and 2011.
(NEW YORK TIMES) New York - The details of the returns, confirmed by a senior campaign official, provide the most detailed view yet of his wealthy family's finances. The disclosure comes after a barrage of pressure to release his returns – which Mr. Romney has never done, even when he was elected governor of Massachusetts.
The disclosure — reported early Tuesday by The Washington Post, The Wall Street Journal and financial wire services — showed a vast array of investments from a recently closed Swiss Bank account to holdings in Bermuda to the Cayman Islands, all underscoring the breadth and depth of his wealth that has become central in his bid for the Republican presidential nomination.