10 things you need to know today: September 22, 2012

Mitt Romney releases his 2011 taxes, Paul Ryan is booed by retirees, and more in our roundup of the stories that are making news and driving opinion

The front page of Mitt and Ann Romney's 2011 tax return
(Image credit: AP Photo/Romney Campaign)

1. MITT ROMNEY RELEASES 2011 TAX RETURN

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. [The Week]

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