(Newser)
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Yesterday was Paul Ryan's turn to release his tax returns—just the last two years, of course—and they show that the veep candidate paid 15.9% of his income in taxes in 2010 and 20% last year, according to documents provided to the Milwaukee Journal Sentinel. Ryan, together with his wife, Janna, paid $34,233 in federal taxes on $215,417 in gross income in 2010 and $64,764 in federal taxes on $323,416 in 2011. "That's a pretty normal rate," said one tax expert.
About half of their income came from his congressional salary, with most of the rest coming from "rental real estate, royalties, partnerships, S corporations, trust, etc." One insider noted that most of Ryan's investment income came from holdings owned by his wife. At his lowest rate, though, Ryan's 15.9% in 2010 was still well ahead of Mitt Romney's 13.9% that year, as well as his estimated 15.4% last year—not to mention his "never less than 13%" over the past decade—notes the AP. President Obama paid $162,074 in federal taxes last year on $789,674 in gross income, or about 20.5%, after paying 26% in 2010.
