Mitt has filed for an extension in filing his 2011 taxes. His campaign estimates that he will pay $6.2 million on an estimated $45 million income for the two years 2010 and 2011. That is an effective tax rate of 13.7%. Campaigning for president certainly beats working for a living. Many of us don’t have jobs and wish that we could earn a living wage and pay taxes at the same time s that we can keep our homes and feed our families. Mitt is going to say that campaigning for president is work.
- President Obama releases tax returns. Does he have to make them public? (csmonitor.com)
- Obama campaign urges Romney to release tax returns (firstread.msnbc.msn.com)
- Obama’s 2011 `Buffett Rule’ Tax Rate Was 27.9% – less Than 30% Minimum (socyberty.com)
- Obama tax return shows 2011 earnings of $789,674 (nbcpolitics.msnbc.msn.com)