VP candidate Paul Ryan paid tax rate of 15.9 percent in 2010, returns show

Paul Ryan and his wife paid a tax rate of 15.9 percent in 2010 and 20 percent in 2011, according to tax returns Mitt Romney's campaign released Friday. 

In 2011, the Ryans had an adjusted gross income of $323,416 and paid $64,764 in federal taxes. In 2010, Ryan and his wife had an income of $215,417 and paid $34,233 in federal taxes.

Roughly more than half of that income came from Ryan's salary as a member of Congress. The rest came from capital gains, real estate, and dividends.

ADVERTISEMENT
According to financial disclosure forms, Ryan's assets all together are worth somewhere between $2 million and almost $8 million.

The Milwaukee Journal-Sentinel, which was first provided the tax returns Friday, reported that in 2011 Ryan earned $116,143 off of real estate, partnerships, S corporations, trust, and similar sources of income. In 2010, Ryan reported earning $39,013 off of the same sources.

Ryan released tax return records for 2011 and 2010.

The release of Ryan's tax returns comes as Democrats continue to hammer Mitt Romney about releasing more of his records.

Romney has released his 2010 forms and said he plans to release his 2011 forms as soon as they are available. Democrats, however, argue that Romney should release more and his refusal to do so means he's hiding something.

Earlier in the week Romney said he paid a paid a federal income tax rate of 13 percent each year over a decade.


More in News

Paul Ryan: ObamaCare will ‘collapse under its own weight’

Read more »