Originally posted on National Post | News:
[np_storybar title="I can change Washington, Mitt Romney tells Florida supporters: Video
Mitt Romney and his wife, Ann, paid $1.94-million in federal taxes on last year’s income of $13.7-million, for an effective tax rate of 14.1%, his campaign said Friday.
That’s slightly above the 13.9% rate the couple paid in 2010. Most of the 2011 income was from investments.
Campaign officials said the couple filed the return Friday with the Internal Revenue Service, after receiving an extension. They were to publicly release their full 2011 returns late Friday.
Romney’s taxes have emerged as a key issue during the 2012 presidential race with President Barack Obama. Romney released his 2010 tax returns and a 2011 estimate in January, but he has declined to disclose his returns from earlier years.
His vast fortune and his long association with Bain Capital, the private equity firm he cofounded…
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