Romney release 2011 tax return; pays an effective rate of 14.1%

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In 2011, Mitt and Ann Romney paid $1,935,708 in taxes on $13,696,951 in mostly investment income, an effective tax rate of 14.1%.

Romney could have paid a lower tax rate in 2011 due to large charitable contributions, but voluntarily limited them — and paid more taxes as a result — to conform to his previous statements that he has paid at least 13% in taxes each year.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including,,, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.