Saturday, August 18, 2012

Ryan Releases Two Tax Returns


Ryan's Tax Returns on Romney Campaign Website

Milwaukee Journal-Sentinal Story
Paul Ryan and his wife, Janna, paid an effective tax rate of 15.9% in 2010 and 20% in 2011, according to tax returns provided by the Romney-Ryan campaign to the Journal Sentinel on Friday.
In 2010, the Ryans paid $34,233 in federal taxes on $215,417 of adjusted gross income.
In 2011, they paid $64,764 in federal taxes on $323,416 of adjusted gross income.
. . . A Ryan aide told the Journal Sentinel last week that a portion of Ryan's investment income is from holdings that belonged to his wife.
"As these are properties Rep. Ryan 'married into,' for lack of a better term," Ryan spokesman Kevin Seifert said last week, "he does not play an active role in them and has no plans to."

Seifert said last week that the Ryans' investments include several companies that lease land and mineral rights to energy companies.
Those holdings have resulted in some critics pointing out that Ryan's federal budget plan keeps a tax deduction for land owners who lease property for drilling. The Ryans' received a $2,543 deduction last year, and other family members in the partnership presumably would have also received deductions.

No comments:

Post a Comment