Romney paid $3M in federal income tax in 2010

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Posted: 3:39 AM Jan 24, 2012 Romney paid $3M in federal income tax in 2010 Republican presidential candidate Mitt Romney paid about $3 million in federal income taxes in 2010. Reporter: Associated Press Email Address: newscenter16@wndu.com

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Republican presidential candidate Mitt Romney paid about $3 million in federal income taxes in 2010.

Romney's tax returns show most of his $21.7 million income came from his investments. He also gave nearly $3 million combined to charitable causes and the Mormon Church, helping reduce his
effective tax rate to about 14 percent.

The former Massachusetts governor has been under pressure in
recent weeks to release his tax returns. Rival Newt Gingrich made public his returns on Saturday, showing he paid almost $1 million in income taxes.

Romney's taxes were first reported early Tuesday morning in The
Wall Street Journal and The Washington Post, which received an advanced copy of the candidate's return.

Romney's campaign plans to discuss his returns in depth with
reporters Tuesday morning.

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