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Mitt Romney Releases 2010 Tax Return

John Berman reports on the numbers and the debate in Florida.
2:45 | 01/24/12

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Transcript for Mitt Romney Releases 2010 Tax Return
Let's get right to those brand new developments overnight Mitt Romney releasing his 2010 tax returns. And our reporting team has been pouring through the numbers ABC's John Berman is here with what we are learning so what's the headline -- Jonathan hello -- really is -- Romney makes a whole lot of money more than. 42 million dollars over the last two years he was reluctant to put out these numbers now we see them. Now we know what he made at last night's debate we learned a little bit more about what he's made up. More than 42 million dollars over the last two years hurting unit day roughly what the median American big city year. But he gave away a lot to more than seven million to charity over two years including -- -- million to the Mormon Church. His tax bill more than six million dollars over two years. But through complicated accounting listing most of the money needed capital gains and not -- -- -- that is effective tax rate about 14%. The same as someone making 70000 dollars a year. Reports say he also listed off -- accounts in the Cayman Islands first reported by ABC's Brian Ross did close. Account in Switzerland. I pay all the taxes that are legally required. And not a dollar more -- -- stayed overnight -- try to turn the focus from the keys wallets are two huge Gingrich's his resume. A blistering attack on his time as speaker. In the 1990s he had to resign in disgrace from this job speaker. Newt Gingrich staged his own document dump overnight when it -- consulting contracts with mortgage giant Freddie Mac worth hundreds of thousands of dollars to his company. Mitt Romney -- pounced was trying to tank and Gingrich's ethical -- -- insider -- I don't think we can possibly. Retake the White House if the person who's leading our party. It's a person who was working for -- -- chief lobbyist. A Freddie Mac Romney did not lit up about you have congressman who say they that you came and lobbied them with regards to Medicare part. Nuts and I don't. Let me be very clear because I understand your technique which he used a McCain used on Huckabee he used consistently. And -- It's unfortunate and it's not gonna work very well -- the American people see through it. Now it does -- this intramural blood bath is taking its tool on both sides are new poll shows. Unfavorable views of Mitt Romney have skyrocketed fifteen points in just two weeks far outpacing those who view him favorably. -- favorability dropped six point since December 2. Meanwhile President Obama is enjoying his highest favorability numbers in well over a year.

This transcript has been automatically generated and may not be 100% accurate.

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