ROMNEY READY TO RELEASE 2011 TAX RETURN AND A SUMMARY OF THE PAST 20 YEARS OF TAXES............

Governor Mitt Romney over the past several months standing by his assertion that he will only release two years of his tax returns, 2010 and 2011; and not multiple years, as many as ten more years as his father Governor George Romney, did in 1968, when he pioneered release of tax returns in Presidential campaigns. Having earlier in the year released his 2010 return, showing him paying 13.9% in taxes, on $21 million in income; in the last hour he released his 2011 tax return, which shows income of $13.7 million, and 14.1% paid in taxes; both years more than twenty percent under the 35% tax bracket he is in, supposedly due to basis of his income at present being from investments versus earned income.  Given the several months of contentiousness over his unwillingness to release further years of tax returns and the claim by Senate Majority Leader Harry Reid, Democrat of Nevada; that an unidentified source at Romney's former business firm, Bain Capital told him there are years when Romney paid no income taxes, Romney's tax accountant, Price Cooper Certified Public Accountants released a summary of the past twenty years of Mitt Romney's tax returns attesting that he paid income taxes in all years, at an average rate of 20.2% annually; again almost fifteen to twenty percent in those years below his tax bracket, indicating the role charitable deductions, tax shelters, and offshore investments played in lowering the income taxes he effectively paid.  Whether today's release quells, and or sufficiently answers the request for release of Romney's tax returns, only the next six and a half weeks counting down to the General Election will tell.  What is does do for now is change the focus from the fallout from his 47% remarks, as the Romney-Ryan campaign attempts to re-voot and surge forward............Fr.  Troy