Skip to content

Paul Ryan Releases 2 Years of Tax Returns

Vice Presidential Candidate Likely Paid Higher Rate Than Mitt Romney

Presumptive GOP vice presidential nominee Rep. Paul Ryan and his wife, Janna, released their 2010 and 2011 income tax returns this evening, following another day’s debate over whether ticketmate Mitt Romney should disclose more of his filings.

The returns, first reported by the Milkwaukee Journal Sentinel and later posted to Romney’s campaign website, reveal that the Wisconsin lawmaker and his wife paid an effective tax rate of nearly 16 percent in 2010 and 20 percent in 2011.

That means that the couple likely paid a higher tax rate than Romney, a multimillionaire businessman who made news Thursday by saying he’s paid “at least 13 percent” in taxes every year during the past decade. Romney has rejected persistent Democratic calls to release his returns from before 2010, calling the focus on his personal finances “small minded.”

Earlier today, Obama campaign manager Jim Messina sent a letter to the Romney campaign offering to withdraw the Democrats’ demand of 10 years of returns if Romney, the former chief executive of Bain Capital, releases five years of filings.

Ryan has said that he was asked to provide more years of tax returns as part of his vetting process to get the number two spot on the GOP ticket but that he, like Romney, would only make two years of filings public.

The Ryans paid $34,233 in federal taxes on $215,417 of adjusted gross income in 2010, according to documents posted to the Romney campaign’s website. The couple paid $64,764 in federal taxes on $323,416 of adjusted gross income last year.