Words like "daaaaaammmmmnnnnnn" come to mind!
GOP presidential candidate Mitt Romney has released his tax returns, and yeah - the guy (and his wife) made $21.7 million in 2010 and $21 million in 2011!
As far as taxes are concerned, they paid $3 million back to the government in '10, and they paid $3.2 million in federal taxes in '11.
Over those two years, Romney's tax rate was slightly under 14%, which is still higher than many Americans…but still pret-ty damn low given how much $$$ he's making!
"…His income was derived almost entirely from capital gains and dividends from his extensive portfolio of investments. And that form of investment income is typically taxed at just 15%, well below the 35% top tax rate for high earners."
"He had extensive itemized deductions, which lowered his overall tax liability."
As far as Romney's charitable givings are concerned, he gave away over $7 million over the past two years, which includes $4.1 mill that went to the Church of Jesus Christ of Latter-day Saints.
What do U think about all this info on Romney's taxes? Is UR tax rate higher than Mitt's???
[Image via WENN.]