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Paul Ryan releases two years of tax returns

 

ARLINGTON, Va. – Presumptive Republican vice presidential nominee Paul Ryan released two years of tax returns late Friday.

They are posted on the Mitt Romney campaign’s website.

Ryan and his wife, Janna, paid an effective tax rate of 15.9 percent in 2010 and 20 percent in 2011, the returns show.

Ryan’s release matches what Romney has pledged to release, not what he’s actually released.

Romney filed for an extension on his 2011 returns, but hasn't yet released them. He has said he would do so before the election. Romney’s estimated 2011 return is posted along with his 2010 return.

The Milwaukee Journal-Sentinel was first with the news that the Ryans’ released the information Friday night, a week after news broke that the Wisconsin congressman would in fact be tapped the next day as Romney’s running mate.

According to his financial disclosure statements, Ryan’s overall net worth is estimated between $2 million and $7.7 million.

In 2010, the couple paid $34,233 in federal taxes on $215,417 of adjusted gross income, the returns show. In 2011, they paid $64,764 in federal taxes on $323,416 of adjusted gross income. Both years include five personal exemptions for the Ryans and their three young children.

No 2012 taxes are ready yet, but Romney and Ryan have vowed to release those returns too. Presumably they would release them if elected.

Romney revived the issue of taxes Thursday when he told reporters at a press conference in South Carolina that he had “never paid less than a 13 percent effective tax rate after reviewing his returns from the past decade.”