(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.
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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.
– CNN Political Research Director Robert Yoon contributed to this report
Just one more thing that attracts more scrutiny to Romney's tax returns....lmao.
Now lets see Romneys Income Tax Returns ! Eighter put-em up or you Mr. Romney don't get the Job offer for POTUS!
Wow. This is some really uninteresting information! And it;s got exactly nothing to do with anything! As long as he is okay by the IRS he's okay with me. That's pretty much their job and they usually do it well.
So Congressman Ryan, How happy are you that your millionaire boss paid less than half the taxes you did for the last year in terms of percentages? Tell me again? Ryan's a Deuche Bag...
It’s a FACT!! Google it... 80% of poorest States & Towns are Historically RED, I can't believe people are so stupid and naive.
Yeah well Romneys probably payed more tax then any of these guys combined.
The fact is that Obama wouldn't have many tax returns to show anyways since he's never really worked. I think in 2008 he released 6 years of tax returns which puts him in the years he was a Senator and writing books but I don't see much activity in his life.
This is exactly what people have stated. The very wealthy pay less taxes than others. Administrations and Congress never did anything to rewrite the tax code to make it easier to file taxes. Both parties should take a big hit on this issue. We should be quizzing them on their solutions to this problem and get some assurance that the tax code will be revised and become fairer for all Americans.
I DO NOT UNDERSTAND THE WORD OWED. Does that mean he has to pay this money back to the IRS.
I am not an American so I do not know how American use this word. IN Dutch it should be
terug betalen(owe or to pay back).
Isn't that the point? Everyone pays a HIGHER RATE than Romney (and other really rich guys) who can reap the benefits created by a congress full of millionaires who can put whatever tax breaks in place that they want.
Amazing. So what if Ryan pays more? He still plans to make life hell for the people in need, while coddling those that never need or ever will need. Someday those that have all, may need some too. Then what?
now is anyone surprised by this??? Mitt is a sly old fox and if his taxes are made public he will upset a lot of people. Don't forget the over seas stuff. Forward 2012
It's really quite simple. We're talking about the percentage rate of taxes on capital gains proceeds vs. tax on income. Capital gains income was already taxed heavily when the distribution was taken. Any knowledable member of the press knows this, but those with an agenda will avoid telling the whole story.
Well of course Ryan paid a higher percentage than Mittens, he only made $350,000 compared to Mittens' $21 million. I make less than Ryan and paid a higher rate than either of these two idiots.
Ryan made less than Romney but paid higher tax rate
Ryan made half million Romney made $42 millions
This ticket made democrats point loud and clear
Romney has a larger net worth and can afford to hire more tax lawyers to look for tax breaks and loop holes.
The GOP solution: More tax cuts for the rich to create jobs in India and China!!!
LOL. Ryan must be really desparate! How else could he run with that crook Romney Hood?! Republicans, you need to dump these "dudes" as soon as possible. I feel sorry for you....
Big Deal, I paid a higher rate than Obama.
I'm sure Romney will make it up to him if elected.
Maybe buy him a horse for a tax deduction.
What is Romney Hiding? Why should we trust someone who made millions off the backs of people who lost their retirement benefits so he could get richer? He has no business asking the American people to trust him when he can't trust us with his return information. He should drop out and let Santorum or Gingrich or Paul in!
So, where's his other returns. He said he had to supply 'several years' of returns when he was being vetted for the job.
I think his future employers have as much right to see his returns as his running mate.
Same goes fro Romney.
You want us to 'pay your salary' for the next 4 years. You show us you're trustworthy. It migth be different if you hadn't been caught lying about your returns in 2002 – but, you were, so now it's 'TRUST but VERIFY.
How can l pay more tax than somebody who is richer than me and wants to be my president. Hell no Mr. Romney.
And Romney will pay even less under the the Romney/Ryan plan. Whatever Romney has been paying, and we don't know exactly how much because he refuses to release his tax returns, he will pay even less under the Romney/Ryan plan. If you want to save the rich, vote for Romney. Right now Romney does not make enough money to create new jobs, he just have enough for his overseas accounts.
Romney is a crook. He wants us to trust him with our future but he won't trust us with knowledge about his ethics and character. No deal!