candidate mitt romney s tax returns doing nothing to silence his critics at least so far. as we reported tonight mitt romney s tax rate is lower than most americans. he says he follows the law and pays his fair share. here is how his tax rate stacks up against some of the past candidates in the years leading up to their respective campaigns. looking only at their 2010 returns. mitt romney and his wife gave 13.9% of the government of the only one paying a lower rate was john kerry. counting his wealthy wife s low tax rate, john kerry paid about 13% in 2003. live team fox coverage james rosen with more on the bitter back and forth between romney and top rival newt gingrich. let s start with jim angle in the d.c. newsroom tonight to break down these numbers. jim, exactly how much money is romney making? a bundle, shep. romney s returns from 2010 and estimated 2011 returns show he made more than $21 million in
monster. we killed a lot of trees today, and did it reveal anything? and the re-election campaign of president obama starts tonight. we are counting down to the state of the union. the death toll continues the climb off of the cruise ship crash off of the coast of italy. we have video of the search and rescue of the divers. let s go there tonight, outfront. well, good evening, everyone, i m erin burnett and out front crunching the numbers in mitt romney s tax returns. here they are. we have flags in here, because i will admit that as we said, i m not sure that anybody has read all 500 pages here, but this is two years worth of mitt romney s tax returns released todayment the romney camp yeeling to the pressure on the campaign trail. here is the breakdown. the presidential candidate earned 42.7 million in the last two years. he paid 6.2 million in taxes. and an effective rate of just under 14%. now the reasons that romney made his money, pretty much all of it from inv
in taxes, that s the headline from mitt romney s tax returns. it was released today. going to have a breakdown ahead. right now romney is on the campaign trail, he s in tampa focusing his attention on president obama. we re actually waiting to hear from him and what he s calling a prebuttal to the president s state of the union address. and rick santorum campaigning in stuart, florida, this hour. florida primary just seven days away. republican candidates are facing off for more one more debate rather ahead of tuesday s florida primary. the latest matchup in tampa last night, mitt romney hammered, hammered away at newt gingrich, and his record of leadership. gingrich shot back, accusing romney of lying. here s a taste. in the 15 years after he left the speakership, the speaker has been working as an influence peddler in washington and during those 15 years, i helped turn around the olympics, helped begin a very successful turn around in the state of massachusetts. he
yp you juyou just heard to tax returns. mitt romney released histax returns 30 minutes ago. it s no surprise. mitt s a rich guy. here s a look at just how rich. he made more than $21 million in 2010. almost all of it came from incompetent vestments, not wages. he payed $3 million in taxes that year or 13.9%. christine romans is digging deeper into the 1040s. let s start with his offshore funds, christine. we had talked a little bit about that this week, and now we re actually seeing it in this, what is it, 200 something pages i ve got on the table. let me show you. i have it too. this is from 2010. willard m. and ann d. romney. they ve blocked out their social security numbers just in case you re wondering. so it s actually brad malt who handles all their blind trusts and their investments. he s on the phone talking to reporters. he s saying to call these overseas accounts is not right. these are funds. he s got all kinds of foreign stocks, american stocks, foreign bonds,
putting on the final touches of the state of the union address. and newt gingrich s stunning surge has made him a lightning rod for a new wave the criticism. can we keep up the momentum in florida? i m wolf blitzer. you re in the situation room. 6o. just a few hours from now, the president of the united states goes before congress and the american people to record on how the nation is doing. his state of the union address will certain by as important glimpse. . . will focus on job, income equality and taxes and a whole lot more. as mitt romney reveals his own mounta multimillion dollar cnn s jim acosta is covering the campaign for us. he s in florida. romney, he did well in that debate last night, everyone seems to agree. is he back on track? reporter: wolf, we ll find out. right know his campaigning in front of the a foreclosed home. you could say he s hitting the reset button today. he s a taking the president and his rivals, but he s finding out hitting the rese