The wealthy gop presidential candidate paid about 14 percent of his income in taxes in 2010, the romney tax return. Republican presidential nominee mitt romney released his 2011 tax return on friday through his campaigns website. This includes a 15% maximum tax rate on longterm capital gains and the 15% qualified dividends rate. President obamas income is as reported on his 2011 tax return. Romney s joint tax return for 2010, including returns for the ann and mitt romney family trust, the ann d. Jul 18, 2012 romney s 2010 tax return, when combined with his fec disclosure, reveals red flags that raise serious tax compliance questions with respect to his possible tax minimization strategies in earlier. Former massachusetts governor mitt romney released his 2010 federal tax return and 2011 estimated 1040, as well as tax documents for his familys blind trusts. Tax and 38 amount from line 37 adjusted gross income.
Aug 11, 2012 of course, the romney returns do not include information on the various trusts he has set up, which for tax purposes are separate entities, such as the ann d. Last night, courtesy of a media organization that got some materials in advance, i was able to spend a short time looking at some of the information from governor romney s 2010 tax return, along with some tentative and preliminary 2011 items. Mitt romney s income is as reported on his 2010 tax return. The tax return of mitt romney introductory statistics. The 2010 tax return can be found here the pdf file can be found here. Romney did release his 2010 returns back in january after much prodding from his republican primary rivals. Read the information on a1 in taxpack 2010 for more information. Romney released his 2010 tax return in january of this year, a document that first informed voters about the existence of his.
Archived general income tax and benefit package for 2010. It was 379 pages of disclosures that mostly disclosed what we already knew from his 2010 tax return. Could romneys refusal to disclose tax returns really be this. Individual tax return 2010 australian taxation office. Romney releases 2011 tax returns the new york times.
Jan 24, 2012 tax simplification should appeal to the romney family. Sometime probably late in 2010, romney filed his 2009 tax return. As with the 2010 tax return, the 2011 tax return will appear as four separate documents, malt explained in notes to his report. If that return was filed before july and he really was living in taggs basement, it should give a belmont address. Indeed, romney had also indicated that he did not want to cut taxes on. Mitt romneys tax return in 2010 consisted of over 200 pages. Romney blind trust, organized under the laws of the cayman islands through a company in san francisco 2010 return, p. His blind trust form has 37 pages, while ann romneys has 83. Romney s 2010 tax return lacks disclosure on swiss bank account. Mitt romneys plan to cut taxes and offset the resulting revenue loss by limiting tax breaks has.
An unknown person claims to have stolen romney s tax returns, sends packages to tennessee county gop and democratic parties, and threatens. That is the question many americans are asking of mitt and ann romneys 2010 tax bill, disclosed on monday evening. The release of these tax returns opened up a window on the personal finance of a very rich presidential candidate. Hes clearly anxious to move beyond the tax return issue, going so. Mitt romney releases tax return for 2011, showing he paid 14. Each package includes the guide, the return, and related schedules, and the provincial information and forms. Mitt romney released his tax returns on january 24th, 2012.
An unknown person claims to have stolen romney s tax returns, sends packages to tennessee county gop. What you can learn from mitt romneys tax return twentyfirst. Sep 22, 2012 what you need to know about mitt romney s 2011 tax return. Willard mitt romney born march 12, 1947 is an american politician and businessman who. Romney has said that he has, over the last decade, paid at least thirteen per cent of his income in taxes every year, and the 2011 returns effective rate is. As romney belatedly releases his tax returns, many experts question their authenticity, converting the documents to pdf and examining them for hidden layers. Republican presidential candidate mitt romneys 2010 filing is a case study in tax planning. Mitt romney releases tax returns the washington post. April, 2012 ctj citizens for tax justice media contact.
Department of the treasury internal revenue service. Mitt and ann romney s 2011 federal income tax return. Mitt romney released his his 2010 tax return on monday night, and it turns out he actually paid an effective tax rate of. Lessons from mitt romneys 203page tax return cbs news. Harry reid, some of the tax tables used were not in effect at the time of the alleged returns. On friday, he released his 2011 return and a very brief summary of the past 20 years worth of returns.
The 2010 joint return from mitt romney and his wife came in at 203 pages, and the 2011 in processis 104 pages. Sep 22, 2012 a letter from his accountants said his tax rate from 1990 through 2009 had never fallen below. Individuals can select the link for their place of residence as of december 31, 2010, to get the forms and information needed to file a general income tax and benefit return for 2010. The income tax provisions affect anybody with longterm capital gains and qualified dividends. Mitt romney s campaign released his tax returns on tuesday. The twoway in 2010, the former massachusetts governor paid an effective tax rate of. Feds probe alleged hacking theft of romney s tax returns. If it was filed after july, and romney truly considered massachusetts his home, it should give the cottage road address.
Aug 03, 2012 does romney pay a lower rate in taxes than you. Jan 25, 2012 the 547 pages of documents included 2010 federal income tax returns for the romneys, the couples estimated 2011 return and returns for their charitable foundation and two blind trusts. The tax policy centers analysis of governor romneys tax. Lets get right to those brand new developments overnight mitt romney releasing his 2010 tax returns. Romney has released his tax returns for 2010 and an estimate for 2011 the full return of which he says he will release later. Individual tax return 2010 inconfidence when completed page 5 adjustments a1 under 18 typeif you were under 18 years of age on 30 june 2010 you must complete this item or you may be taxed at a higher rate. A law enacted in 1924 empowers key leaders of the house ways and means and senate finance committees to request tax return information from treasury, including individual returns filed by just about anyone. His return offers a partial snapshot of his vast personal fortune. His campaign released five 2010 tax returns on tuesday and one for 2011. Romney and his wife, ann, had an effective federal income tax rate in 2010 of. Options for efiling your tax returns safely, quickly, and easily. The hypocrisy of trumps refusal to release his tax returns. That return hasnt been filed with the internal revenue service.
Mitt romney on tuesday released documents that show he and his wife had an effective federal tax rate in 2010 of. Mitt romney taxes for 2010 not fully disclosed huffpost. What you need to know about mitt romney s 2011 tax return. Romneys 2010 tax return lacks disclosure on swiss bank. Tax simplification should appeal to the romney family. What you need to know about mitt romneys 2011 tax return. Many smaller income earners have both those things, but in smaller amounts than mr. Romney released his 2010 tax return in january of this year, a document that first informed voters about the existence of his swiss bank account and financial activities in bermuda and the cayman islands. His blind trust form has 37 pages, while ann romney.
Jan 25, 2012 lessons from mitt romney s 203page tax return. Mitt and ann romneys 2011 federal income tax return. Pressure mounts on mitt romney to release more tax returns. Along with releasing their tax returns from 2010, the romneys released estimates for their 2011 taxes, which have not yet been filed.
Sep 05, 2012 feds probe alleged hacking theft of romney s tax returns. The 2011 return was incomplete, and there was the possibility that romneys actual tax rate would be less. Feds probe alleged hacking theft of romneys tax returns cnet. According to their 2010 tax return the latest available, mr. Tax form and money istockphoto cbs news the battle over whether mitt romney should release more than two years of his tax returns may be. View and download the return as a pdf here advertisement. Jan 22, 2012 mitt romney s 2010 tax return, which hell make public tuesday along with an estimate of his 2011 tax liability, will offer up some new information on his finances. Mitt romney paid 30%, not % in federal income taxes forbes. Romney had little choice but to release the full details of his 2011 tax returns, having promised to do so earlier in the year. But people who own foreign bank accounts are required to file a separate document with the irs that provides additional details on such overseas bank holdings, and romney has not released. He recently, bowed to pressure from another presidential candidate in the republican party, had to release his past tax returns. The romney campaign posted his full 2011 tax return september 21, along with a summary of taxes paid all the way back to 1990.
There are two reasons that the romneys tax bill is below 15%. Romneys tax returns show how laws favor the wealthy the. During the presidential campaign, he decided not to disclose additional returns citing the matter as a distraction from more important issues. Mitt romney releases 2010 tax return, after florida gop. In an amended return, paul ryan, the vice presidential candidate, told the i. Tax return for individuals 201011 australian taxation. Whether congress can compel disclosure of presidential and vice presidential tax returns remains to be seen. Tax data from the earlier years took the form of a notarized letter from romney s tax preparer providing a summary of tax rates from the romney s tax returns since 1990. The following is a screen grab from the first page. The campaign also is releasing an estimated tax return for 2011 showing that romney had an effective tax rate of 15. And our reporting team has been pouring through the.
This is the main menu page for the general income tax and benefit package for 2010. Romneys joint tax return for 2010, including returns for the ann and mitt romney family trust, the ann. Romney released his 2010 tax return in early january 2012, along with a partial 2011 return which he promised to release in whole upon its completion. When romney makes a contribution to the foundation, it is fully deductible on his personal income tax return that year. Mitt romney is currently a candidate for the 2012 republican party nomination for u. How mitt romney and president obama would fare under.
Mitt romneys income is as reported on his 2010 tax return. Of course, the romney returns do not include information on the various trusts he has set up, which for tax purposes are separate entities, such as the ann d. Aug 17, 2012 sometime probably late in 2010, romney filed his 2009 tax return. Heres a look at tax proposals as the duel unfolds between obama vs. Romney released his 2010 return and a summary of his 2011 return later that month. Feb 09, 2012 mitt romney is an excellent example opening up a discussion on income distribution and several related statistical concepts. Mitt romney tax documents 20102011 the washington post. You can see the returns here downloads as a pdf and warning. Outrage over tax returns a replay of past campaigns cbs news. All figures were adjusted for inflation to make 20 calculations. Presidential tax returns presidential candidates taxes. But it took less than 50 pages to realize that the return illustrates everything thats wrong with the. Feds probe alleged hacking theft of romneys tax returns. Dec 10, 2015 the reason mitt romney did not pay that much income tax as a function of his total income were due to the income tax provisions that were only extended for 2 years at the end of 2010, which are due to expire on december 31st, 2012.