As noted earlier, we have begun reading Mitt Romney’s tax returns.Mitt Romney has a good shot at becoming President now, so this seems an important thing to do.
The most striking thing about Mitt Romney’s 2010 tax return are the top and bottom lines–the amount he made ($22 million) and the strikingly low tax rate he paid (14%, or $3 million).
Lots of Americans would like to figure out how to pay that tax rate, especially those in the $8,500-$34,500 income tax bracket, who pay a heftier 15% per year.
But there are lots of other nuggets in the return as well.
Last year, Mitt Romney received a $1.6 million tax refund (for his 2010 tax year).
Because he overpaid his taxes!
Mitt Romney paid $4.6 million in taxes in 2010–a 21% tax rate.
But he only ended up owing $3 million of taxes, a 14% rate.
So the government sent him a check for $1.6 million.
Perhaps even Mitt Romney was astonished by how little he had to pay!
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.