Romney releases tax return info

Southern Californians react to Republican presidential candidate Mitt Romney's release of his 2011 tax returns

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  1. Presidential candidate Mitt Romney's campaign today released data from the his 2011 tax return. The release follows months of demands for Romney to disclose more information on his tax history.

    The newly-released numbers show Romney and his wife Ann paid $1.9 million in taxes on $14.7 million in income which calculates an effective tax rate of 14.1 percent. The Romneys also donated some $4 million of their 2011 income to charity.
  2. Romney's tax records have been an issue, although perhaps a relatively minor one, through the summer. Broader economic concerns and recent attacks and riots at U.S. embassies and other diplomatic facilities, especially the consulate in Benghazi where U.S. Ambassador to Libya Chris Stevens was slain with three others on Sept. 11, overshadowed tax arguments until recently.

    Things changed when liberal magazine Mother Jones posted video on its website showing Romney telling 47 percent of Americans pay no income taxes and are so dependent upon government they are certain to vote for President Obama in hopes of preserving access to government entitlements.
  3. Mitt Romney on Obama Voters

  4. With today's release Romney has revealed his 2011 and 2010 tax records. Obama and Vice President Joe Biden have each released 12 years of returns. Obama supporters/Romney critics have called for the GOP nominee to show more information.



  5. Washington Post writer Chris Cillizza asserts there ideal time for Romney to release his tax records, so he may as well send the information out on a Friday when any parsing of his income will be drowned out by commentary on the 47 Percent Video.

  6. Will Romney's tax returns change any voters minds? Reactions from Southern Californians using Twitter show a range of opinions, but today's news dump from the Romney campaign may be just a footnote in the campaign by the time Obama and Romney actually go head to head in the debates, the first of which is set for Oct. 3 at University of Denver.
  7. Reid, as it happens, doesn't look to be in the mood to apologize.
  8. For those wondering why Romney's effective tax rate may be lower than their own, U.S. tax low imposes lower maximum rates on investment income than wage income. An explainer:

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