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Santorum reports four years of tax returns

WASHINGTON (Reuters) – Republican presidential candidate Rick Santorum released tax returns on Wednesday showing he and his wife earned around $1 million annually in the last few years, Politico reported. Santorum issued returns for the last four years, the most of the Republican candidates who have tried to outdo each…

Romney’s released tax return reveals 13.9% rate, holdings in foreign ‘tax havens’

TAMPA, Fla./WASHINGTON (Reuters) – Republican presidential candidate Mitt Romney released tax records on Tuesday indicating he will pay $6.2 million in taxes on a total of $45.2 million in income over the years 2010 and 2011. Bowing to increasing political pressure to provide more detail about his vast wealth, the…

Romney admits his effective tax rate is ‘closer to 15 percent’

Republican presidential candidate Mitt Romney may have finally revealed the reason he has refused to release his tax returns: Because he pays the federal government a much lower rate than many middle-class Americans. Speaking to reporters in Florence, South Carolina on Tuesday, the multimillionaire candidate explained that he pays an…

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