This handout image provided by the White House shows the signature page of President Barack Obama and first lady Michelle Obama's tax return. The White House says President Barack Obama and his family paid more than $160,000 in federal taxes last year. The president's 2011 federal income tax return shows reported adjusted gross income of about $790,000 last year. About half of the first family's income is the president's salary. The White House says the rest comes from sales of Obama's books.
White House, Associated Press
WASHINGTON — President Barack Obama is calling on Republican Mitt Romney to release his past tax returns. Obama says it's important for candidates to be "as transparent as possible."
Obama tells Univision that candidates should "let people know who we are" and "what we stand for."
The president says the act of releasing tax returns is "just carrying on a tradition that has existed throughout the modern presidency."
Obama has released tax returns for last year, showing that he paid more than $160,000 in federal taxes on nearly $790,000 in income. Obama's campaign has released tax information going back to 2000 and pressured Romney to release past records.
Romney's campaign projects he will pay $6.2 million in taxes on $45 million in income in 2010 and 2011.
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This is just another attempt by Obama to deflect attention from his own dismal performance and his own recent debacle about his secretary paying a higher tax rate than he did. Obama needs to turn this campaign away from the economy to who paid more More..
Romney paid about 15% taxes on his income. Obama paid 20%. Both are under the 35% tax rate that would otherwise apply to individuals with their income. Why is Obama criticizing Romney for not paying his "fair share" when Obama is also not More..