Ryan paid a higher income tax rate than Romney, returns show

Paul_Ryan_20120817200806_JPG

#10 Republican vice presidential candidate Rep. Paul Ryan (R-WI) (Photo by Mark Wilson/Getty Images)
Copyright Getty Images

Advertisement

Posted: 08/17/2012

(CNN) -- Tax documents released Friday by Republican vice presidential candidate show Paul Ryan had an income tax bill in 2011 of approximately 20% of his income, and 16% in 2010.

Those numbers indicate he paid a larger percentage of his income in taxes in the past two years than did his running mate Mitt Romney, whose effective tax rate over the same two years was approximately 14.5%, according to returns the Republican presidential candidate and his wife released earlier this year.

Ryan and his wife, Janna, earned $323,416 in 2011 and owed $64,764 in federal income taxes, the returns showed. That year, he claimed $12,991 in charitable gifts.

In 2010, Ryan earned a total of $215,417 and owed $37,457 in federal taxes, including $3,224 he paid as the employer of a household worker.

He deducted $2,600 in charitable giving that year.

Ryan's income - $538,000 in the last two years - is miniscule compared to the $42 million Romney reported in the last two years.

Romney has refused to disclose returns beyond the most recent two years, which he released in January. He has faced pressure recently from Democrats - and during the primary months, from Republicans, to release additional years. Romney said at a press conference on Thursday that he has not paid less than 13% of his income in federal income taxes in any of the last 10 years.

In an interview this week on CBS' "60 Minutes," Ryan said he would release two years of returns, comparable to Romney's release.

President Barack Obama's campaign manager on Friday sent a letter to the Romney campaign offering to drop the tax return issue altogether if Romney would disclose at least five years of documents. The Romney campaign declined.

Ryan's returns were prepared by separate CPAs in his hometown, Janesville, Wisconsin.
 

Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

  • Comments
Advertisement

National News


  1. Twister season starts late in Midwest

    Twister season starts late in Midwest

    Deadly tornadoes that have raked communities in Middle America over the past week, including Monday's massive twister that carved a path of destruction through the Oklahoma City suburb of Moore, belie what had been a relatively quiet start of the 2013 tornado season.

  2. OK twister tracked path of 1999 tornado

    • Kentucky teen strangled by dog leash

      • TIMELAPSE VIDEO: Tornado in Oklahoma

        • VIDEO: Tornado had wind speeds of 200mph

        • PHOTOS: Tornado in Oklahoma City

          • 51 killed in tornado, death toll rising

           
          • Stay Connected

          Top Stories


          1. City's looming cuts worry residents

            City's looming cuts worry residents

            Residents had one of their final chances to speak in front of City Council before a final decision on the city’s budget will be made.

          2. Matthew 25 to aid tornado victims

          3. Twister season starts late in Midwest

          4. Bruce homers to back Cueto in Reds' win

            • Seelbach to receive Harvey Milk award