UPDATE: Romney Releasing 2011 Tax Returns - News, Weather and Sports for Sioux City, IA: KCAU-TV.com

UPDATE: Romney Releasing 2011 Tax Returns

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By: Channel 9 Eyewitness News

news@kcautv.com

Mitt Romney is releasing his 2011 tax returns.

Romney aides on Friday said the Republican presidential nominee would give the public a look at his finished tax forms. Ahead of their release, expected at 3 p.m., aides said Romney earned almost $13.7 million last year and paid more than $1.9 million in taxes _ an effective tax rate of 14.1 percent.

Romney's campaign earlier estimated that Romney would pay about $3.2 million in taxes.  

Romney paid about $3 million in federal income taxes in 2010 _ or 13.9 percent.

Critics, including President Barack Obama, have urged Romney to release more than just the two years of returns and follow his father's model. When George Romney ran for president, he released 12 years of tax returns.

The younger Romney is refusing.

By: Channel 9 Eyewitness News

news@kcautv.com

Friday morning, Gov. and Mrs. Romney filed their 2011 tax return with the IRS. At 3:00pm today, the Romney for President campaign will be posting the 2011 return online.

The complete 2011 tax return, with full schedules, statements, and attachments, will be made available with all other previously-disclosed information at www.mittromney.com/disclosure.

Also posted will be a notarized letter from the Romneys' tax preparer, PricewaterhouseCoopers, LLP (PWC), giving a summary of tax rates from the Romneys' tax returns for the 20-year period of 1990-2009.

 

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