Why Mitt Romney’s Effective 2010 Income Tax Rate is only 10.7 Percent (Massachusetts Tax Alert)

Date: 
Tuesday, January 31, 2012

Over the past few days, we have reviewed the 2010 income tax returns of Mitt and Ann Romney and of various Romney family trusts including their private charitable foundation. We found that the effective United States income tax rate on Mitt’s and Ann’s total effective 2010 income was 10.7 percent– and NOT 13.9 percent as reported by the press. Download our analysis below.