Vote 2012: Romney Paid $3 Million in Federal Income Tax in 2010

Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks during a campaign stop at Homer's Deli and Bakery in Clinton, Iowa, Wednesday, Dec. 28, 2011. (AP Photo/Chris Carlson)

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By Lauren Peikoff

Story Created: Jan 24, 2012 at 12:35 AM CDT

Story Updated: Jan 24, 2012 at 12:39 AM CDT

WASHINGTON (AP) - Republican presidential candidate Mitt Romney paid about $3 million in federal income taxes in 2010.

Romney's tax returns show most of his $21.7 million income came from his investments. He also gave nearly $3 million combined to charitable causes and the Mormon Church, helping reduce his effective tax rate to about 14 percent.

The former Massachusetts governor has been under pressure in recent weeks to release his tax returns. Rival Newt Gingrich made public his returns on Saturday, showing he paid almost $1 million in income taxes.

Romney's taxes were first reported early Tuesday morning in The Wall Street Journal and The Washington Post, which received an advanced copy of the candidate's return.

Romney's campaign plans to discuss his returns in depth with reporters Tuesday morning.

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