Romney Releases 2011 Tax Return

Republican presidential candidate Mitt Romney released his 2011 income tax return, which showed he paid 14.1 percent in taxes on income of $13.7 million. It also showed he limited deductions which could have lowered his tax rate to less than 10 percent.

Class discussion: Why did Romney pay more taxes than he needed? How many years of income tax returns has Romney released? How many years has President Barack Obama released? Is it important for candidates to reveal their financial information? Why or why not?