Romney Releases 2010 Tax Return

Mitt Romney’s campaign released hundreds of pages of tax documents, the New York Times reports, “providing an inside glimpse into his sprawling investments, both in the United States and abroad, in an effort to dampen the attacks on his wealth that have become a central focus of the Republican presidential nominating battle.”

“Mr. Romney and his wife, Ann, had an effective federal income tax rate in 2010 of 13.9 percent, paying about $3 million in taxes on an adjusted gross income of $21.6 million, the vast majority of it flowing from a myriad of stock holdings, mutual funds and other investments… That rate will rise to 15.4 percent for 2011, when the couple expects to report an adjusted gross income of about $20.9 million.”