More than a quarter of the pair’s 2011 gross income came from foreign sources, which comes in the wake of him claiming 47 per cent of Americans pay no income tax.
Reuters reported the news based on tax returns released by Romney’s campaign.
The former Bain Capital chief is believed to have a net worth of up to $250m, with much of his income benefiting from tax breaks such as the 15 per cent rate on carried interest and long-term capital gains.
Regular US wages are taxed at a top rate of 35 per cent.
The $3.5m from overseas is well above the $1.5m the pair received in 2010 on a larger gross income of over $21.6m, according to Reuters.
It said those non-US investments included funds in the Cayman Islands, Bermuda and British Virgin Islands as well as Ireland, the Netherlands and Luxembourg.
The returns show the Romneys received income from 50 foreign investment corporations last year, nearly three times the number in 2010.
In the video, Romney said, “All right, there are 47 per cent who are with [Obama], who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to healthcare, to food, to housing, to you-name-it.”
He added, “These are people who pay no income tax.”
Romney stood by his words during a hastily-arranged press conference, saying only that he had not “elegantly stated” his case and had spoken “off the cuff”.
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