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· September 21, 2012

The average Ohioan pays a higher tax rate than Mitt Romney

Mitt Romney’s campaign put out a statement today announcing that the candidate had filed his 2011 taxes and would make the return public. According to the statement, Romney earned $13.7 million in income in 2011, primarily from investments. He paid an effective tax rate of 14.1%. This is in stark contrast to the average working Ohioan. According to research we conducted in partnership with the Center for American Progress, in 2008, the average Ohioan reported earning $49,043 and paid an effective tax rate of 21.5%.

 

President Obama¬†reported paying a tax rate of just over 20% on $790,000 in income when he filed his taxes in April.  

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