WASHINGTON — Mitt Romney released a trove of information on Friday afternoon about his financial holdings, capping a politically difficult week by returning the campaign to a topic that has dogged his presidential candidacy since last year.
In addition to releasing his completed 2011 tax returns, Romney also provided a one-page snapshot of 20 years of returns, an attempt to offer a deeper view of his wealth and to illustrate to voters that he has been paying income taxes for more than two decades.
Romney’s updated returns show he paid $1.9 million in taxes on $13.7 million in income, most of which came from investments taxed at a lower rate than wages. It means his effective tax rate for 2011 was 14.1 percent, slightly higher than it was in 2010.
Romney’s tax forms, and his reluctance to release them, have been a major theme of his campaign. As one of the wealthiest people to run for president, he has been hounded – first by his Republican primary opponents and later by Democrats — to release more about his personal finances. He has slowly complied, with the latest returns coming on a Friday afternoon, a prime time for politicians to release potentially controversial information because fewer voters are paying attention to the news.
Opponents criticized the release as inadequate; supporters said they hope this spells the end of the fervor over his finances.
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