Romney Releases 2010-2011 Tax Returns, Several Financial Disclosures Since 2002
Romney has been very generous with his own money. He donates an average 13.45% of his AGI to charity each year dating back the past 20 years.
Romney’s 2011 tax return shows charitable contributions totaling a little over $4 million, meaning he donated 30 percent of his income. Romney’s 2010 tax return shows charitable contribution of almost $3 million, meaning he donated about 11 percent of his income to charity.
And as for the 20-year summary of the GOP candidate’s tax returns his campaign released Friday, Romney donates on average 13.45 percent of his adjusted gross income to charity each year.
Romneys’ tax preparer, PricewaterhouseCoopers, LLP, gives the following summary of Romney’s taxes from 1990-2009.
First, as a successful businessman, Governor Romney has not only added value to our economy through his investment and business activity, but he has paid millions in taxes every year to the U.S. government.
Second, the Romneys take to heart "to whom much is given, of him shall much be required." Accordingly, they have been generous in their charitable giving, donating over $7 million between 2010-2011 – donating more to charity than they paid in federal income taxes.
Third, Mitt Romney has scrupulously complied with the U.S. tax code, and his income is reported and taxed at the applicable rates, and he has paid 100 percent of what he has owed.
More on the disclosures:
In addition, Gov. Romney has released nine financial disclosures since 2002, which are also posted on this site. There are 3 federal Public Financial Disclosures (from 2007, 2011, and 2012), and 6 Massachusetts Statements of Financial Interests (from 2002, 2003, 2004, 2005, 2006, and 2007).
With a decade’s worth of financial disclosure documents and the Romneys’ recent tax returns, the American people have extensive information about their personal finances, above and beyond what is required by the law.