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Romney paid 14.1 percent tax rate in 2011
 
Mitt Romney's aggressive response to anti-American violence in the Middle East, derided by most pundits, has gained the support of neoconservatives like William Kristol and Liz Cheney.
Mitt Romney's aggressive response to anti-American violence in the Middle East, derided by most pundits, has gained the support of neoconservatives like William Kristol and Liz Cheney.
Win McNamee/Getty Images

Mitt Romney released his 2011 tax return and posted it online Friday, triggering a mad media dash to see what was inside. Romney and his wife, Ann, paid $1.95 million in taxes on investment income of $13.7 million last year (a significant dip from his 2010 haul of $20 million). The GOP presidential nominee made his fortune running private equity firm Bain Capital from 1984 to 1999 (or 2001, depending on whom you ask), so his earnings now come from money he has invested. That means he paid a lower tax rate — 14.1 percent — than workers pay on ordinary income from a paycheck.

 

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