Romney paid even less tax than thought

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No wonder Mitt Romney (pictured left) was reluctant to release his tax returns. The Republican presidential frontrunner paid even less tax on his multi-million dollar income than previously thought - at a rate far below that of the average American.

The former Massachusetts governor's tax returns, released last night, revealed that he and his wife Ann paid $3 million (£1.9 million) tax on income of $21.7 million (£14 million) in 2010. That's a rate of just 13.9% - even though he is in the top 1% of earners in the US.