Romney Paid 13.9 Percent Tax in 2010

The moment we’ve waited for is finally here. Mitt Romney released a preview of his tax returns to The Washington Post late Monday, revealing an income of $21.7 million in 2010 and $20.9 million in 2011. The money is reportedly all from profits, dividends, and investment interest—and none from wages. In 2010, Romney paid a 13.9 percent tax rate, or $3 million. His 2011 estimate is $3.2 million, which is about 15.4 percent, as he’s told reporters. The 550 pages show that Romney has a Swiss bank account and foreign investments in Luxembourg, Ireland, and the Cayman Islands—all are legally taxed and with little income. The candidate's overall worth is estimated to fall between $190 million and $250 million. He still makes money from his relationship with Bain Capital.