Romney tax release appears to undercut Democratic charges - Washington Times

Romney tax release appears to undercut Democratic charges - Washington TimesSeeking to put to rest lingering questions about his tax history, GOP presidential nominee Mitt Romney on Friday released his 2011 tax return as well as a 20-year “summary” of what he has paid to the IRS – a financial history, as told by tax preparers, that appears to punch a hole in Senate Democratic leader Harry Reid’s claim that the Republican presidential nominee avoided paying federal income taxes for more than a decade.

Price Waterhouse, LLP, the tax preparer for Mr. Romney and wife Ann, said that the the former Massachusetts governor paid an effective tax rate of 14.1 percent last year and the average of annual “effective federal personal income tax rates” was just over 20 percent between 1990 and 2009. The lowest annual “effective federal personal income tax rate” for the couple was 13.66 percent, the auditors said.Read more: Romney tax release appears to undercut Democratic charges - Washington Times http://p.washingtontimes.com/news/2012/sep/21/romney-tax-returns-undercut-reid-claims/#ixzz27Dc2VFpN Follow us: @washtimes on Twitter