Romney releases 2011 tax returns; gave $4 million to charity

Later this afternoon Mitt Romney will relase his 2011 federal tax returns. There is no word if President Obama will make public his Illinois state Senate records, his college transcripts, his law practice records--including those involving his pal, convicted felon, and political fixer Tony Rezko.

From Fox News:

Mitt Romney's campaign, in its latest attempt to respond to calls to release more years of tax returns, announced Friday that the Republican candidate averaged a 20 percent effective tax rate for the years in question and never paid less than 13.66 percent.

But the campaign is sticking by the candidate's vow not to release more than his last two tax returns, which critics have made into a potent campaign issue.

Romney plans to release his final tax return for 2011 on Friday. That document will show the Romneys paid $1.9 million in taxes on nearly $14 million in income, mostly from investments, giving them an effective tax rate of 14.1 percent, the campaign said in a blog post.

The Romneys donated about $4 million to charity in 2011, or about 30 percent of their income, according to the campaign, which plans to release the documents at 3 p.m. ET. Romney previously released his 2010 tax return but no others.

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