ContributorNetwork - COMMENTARY | Mitt Romney has released his tax records, reports Reuters. The records, from 2010 and 2011, indicate he is paying an average tax rate of about 14.5 percent over the two years. The reason the tax rate is far lower than the maximum income tax rate of 35 percent is that Romney's income is primarily from investments, which are taxed at a lesser rate. For both years combined, Romney will pay around $6.2 million on $42.5 million in income. His net worth is estimated at $190 million to $250 million.
Romney's Taxes Will Hurt Him (ContributorNetwork)
