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Mitt Romney's Tax Return
23 September 2012 09:21 AM
Most people's tax records aren't this exciting. But then most people aren't US presidential candidates with an estimated fortune of $250m and an annual income of $13.7m, running on a platform that proposes lower taxes for the wealthy.
As reporters sift through the details of his 2011 return, some interesting details are emerging, says the National Journal: "Mitt Romney paid the Internal Revenue Service somewhere in the ballpark of $250,000 more than he legally needed to last year, solely for political consistency purposes. For comparison purposes, that’s about as much money as an American earning the median income will pay in federal taxes – at current rates – over the next 45 years combined."