Romney reports tax bill of $6.2 million for 2010-11


TAMPA, Fla./WASHINGTON (Reuters) - Republican U.S. presidential candidate Mitt Romney bowed to political pressure and cracked the books on his personal finances on Tuesday, releasing tax returns showing he will pay $6.2 million (3.9 million pounds) in taxes on $42.5 million in combined 2010 and 2011 income.

Unlike most Americans who earn a paycheck, Romney gets the majority of his income from investment profits, dividends and interest. One of the wealthiest men ever to run for the White House, he made his fortune buying and selling companies as a private equity financier with Bain Capital.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Timeline: King Charles set to resume duties after cancer treatment
Over 122,000 people enter Ethiopia from conflict-hit Sudan: UN
Roundup: Kenya allocates 30 mln USD for flood response as death toll reaches 70
King Charles to resume public duties after cancer diagnosis
Urgent: Paris 2024 Olympic flame handed over to French organizers
Bird flu traces found in one in five US commercial milk samples, says FDA
South Africa's Climate Change Bill heads to president to be signed into law
South Africa to close Lesotho highlands water tunnels for maintenance
Death toll rises to 70 as heavy rains continue in Kenya
UN provides 5.5 mln USD for drought response in Zambia

Others Also Read