Tuesday, September 25, 2012

Romney 2011 Tax Returns Reveal No Hedge Fund Secrets


According to the good folks at HedgeCo.Net, after months of debate as to what is in Republican Presidential Candidate Mitt Romney’s 2011 tax returns, they were made public on the campaign website. Expecting a bevy of hedge fund secrets, journalists and blogers were disappointed with the fact that the returns showed nothing out of the ordinary.

The hedge fund giant who made his fortune with Bain Capital, paid a 14.1% in taxes. Also disclosed was that the Romney’s donated about $4 million to charity in 2011.

The Romney’s voluntarily took a smaller deduction than he was entitled to for his charitable deductions. This was so that he could stay above the 13% point that he stated earlier….

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