Romney paid $3M in federal income tax in 2010

From The Associated Press

TAMPA, Fla. — Republican presidential candidate Mitt Romney paid about $3 million in federal income taxes in 2010, having earned more than seven times that from his investments. Those earnings, $21.7 million, put him among the wealthiest of American taxpayers. Romney’s campaign said Tuesday he followed all tax laws.

At the same time, Romney gave nearly $3 million to charity — about half of that amount to the Mormon Church — which helped lower his effective tax rate to a modest 14 percent, according to records his campaign released early Tuesday.

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