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Gov. Romney releases 2011 tax return

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    Return shows he paid $1.9M in taxes

  • Duration 2:24
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Fox News alert -- governor Mitt Romney and his wife and now releasing their 2011 tax returns speaking of presidential politics has been a big issue.

The Obama campaign pressing the Republican candidate to release more.

Of his tax returns as a major accounting firm also releases some information about Mitt Romney's twenty year tax history.

Senior national -- I'm John Roberts has more live in Atlanta job.

Make a good afternoon to you the run is just filed a tax return when the IRS -- -- be posted online -- in the hour here's what we know.

From Brad -- -- is the trustee of the blind trust that handles all of Mitt Romney and Enron these investments.

They made thirteen point seven million dollars mostly an investment income in 2011.

On that they paid two million dollars in taxes.

For an effective tax rate of fourteen point 1%.

Now -- charitable deductions or charitable contributions rather were four million dollars that represented about 30% of they're totally income but they only claimed.

As a deduction about half of that that's keeping in with governor Romney's pledge.

To contribute at least 13%.

-- his income to taxes to pay at least 13% in taxes in each of the past ten years now we're learning more.

About the history by the way in the last twenty years that's in that letter from price Waterhouse Coopers.

It's -- each year during the entire twenty year period the Romney's did though most state and federal income taxes.

Despite what senate majority leader Harry Reid said and that they have paid.

100%.

Of those taxes over the course of that -- -- the entire twenty year period there average taxable rate was 20%.

And is well over the entire twenty -- year period the lowest annual effective personal tax rate.

Was thirteen point 66%.

So a lot of people will wonder why didn't you want to release anymore tax returns was he in fact is -- recharged.

I'm not paying any Jackson for a couple of those years or was his effective tax rate somewhere below 13% so that's interesting to note that the lowest tax rate they -- Thirteen point 66%.

And when asked why.

In light of this new information coming out -- they do not release more years of tax returns.

Campaign spokesman Kevin Madden just told me moments ago that that's consistent with what John McCain released when he was running for president 2008 net.

That is the case John Roberts thank you so much I say this is a.

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