Mitt Romney's Tax Returns: $21.7 Million Income in 2010, $20.9 Million in 2011

Mitt Romney’s Tax Returns: $21.7 Million Income in 2010, $20.9 Million in 2011. Over the two years Romney disclosed, he’s paying approximately $6.2 million in federal income taxes. He paid about $3 million for 2010 for an effective tax rate of 13.9 percent, and he expects to pay about $3.2 million for 2011 at an effective rate of 15.4 percent. “I pay all the taxes that are legally required, not a dollar more,” Romney said. “I’m proud of the fact that I pay a lot of taxes.”  [Wall Street Journal / Washington Post]