Election 2012

Romney Pays Hilariously Low Tax Rate

He finally released his 2010 returns.

TAMPA, Fla./WASHINGTON, Jan 24 (Reuters) - Republican presidential candidate Mitt Romney released tax records on Tuesday indicating he will pay $6.2 million in taxes on a total of $42.5 million in income over the years 2010 and 2011.

Bowing to increasing political pressure to provide more detail about his vast wealth, the former private equity executive released tax returns indicating he and his wife, Ann, paid an effective tax rate of 13.9 percent in 2010.

Last night, when debating Gingrich's 0% capital gains tax rate, Romney admitted he would pay a 0% tax rate. You know, it makes me wonder whether Romney would actually want Gingrich to win -- just for the tax rate.