Daily Dispatches
Associated Press/Photo by Charles Dharapak

Romneys paid $1.94 million in fed taxes for 2011

Campaign Issues

WASHINGTON (AP)—Mitt Romney and his wife, Ann, paid $1.94 million in federal income taxes on 2011 income of $13.7 million, most of it from investments, for an effective tax rate of 14.1 percent, his campaign said Friday.

That's slightly above the 13.9 percent rate the couple paid for 2010.

The Romneys were to release their full 2011 returns late Friday.

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Romney released his 2010 tax returns and a 2011 estimate in January.

Romney paid about $3 million in federal income taxes in 2010—or 13.9 percent.

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