Mitt Romney will release his 2011 tax return this afternoon, showing that he paid an effective rate last year of 14.1%.
Brad Malt, who manages blind trusts for Romney and his wife, Ann, disclosed some broad outlines of Romney's return in a letter posted on the Romney campaign website.
The Romneys paid more than $1.9 million in taxes on about $13.7 million in income, most of which come from investments, Malt said. The Romneys also donated slightly more than $4 million to charity last year, amounting to nearly 30% of their income.
The complete tax return and supporting documents will be posted on the Romney campaign website at 3 p.m. ET, on the page where his 2010 tax documents were posted. The campaign will also release letters from doctors for Romney and running mate Paul Ryan attesting to their health.
Romney, the wealthiest GOP presidential nominee in decades, has been under fire from President Obama and Democrats for refusing to release more than two years of tax returns. Senate Majority Leader Harry Reid has asserted that Romney has paid no income taxes in some years -- a point that Romney has vehemently denied.
Romney's campaign will also post a notarized letter from Pricewaterhouse Coopers, showing that Mitt and Ann Romney paid both state and federal income taxes for a 20-year period, starting with 1990 and going through 2009.
Malt said in his letter that the Romneys paid an average annual effective tax rate of 20.2% during the entire 20-year period. The lowest they paid was 13.66% -- which would support Romney's claim in August that he's paid at least 13% every year.
In that period, Malt said the Romneys gave an average of 13.45% of their adjusted gross income to charity.
