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Paul Ryan Releases Two Years Of Tax Returns

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Joining in political ritual of releasing one's tax returns, Republican veep hopeful Paul Ryan today pulled the curtain back on two years worth of his personal economics. A glimpse, via the Boston Globe:

Paul Ryan and his wife paid an effective tax rate of 20 percent last year and 15.9 percent the year before, according to tax returns the presumptive Republican vice presidential nominee released late on Friday afternoon.

Ryan’s tax returns, released through Mitt Romney’s campaign, show that he paid $64,764 in taxes on $323,416 of adjusted gross income in 2011. He and his wife paid $34,233 in taxes on $215,417 of adjusted gross income in 2010.

Just over half of the couple’s income came through Ryan’s congressional salary, according to the returns, with the other amounts coming from a variety of investments, including rental real estate, partnerships, and trusts.

The Ryans donated $12,991 to charity in 2011, and $2,600 to charity in 2010. Those contributions went to such groups as the Boy Scouts of America, Junior Achievement, and Women and Children’s Horizons, according to the campaign.

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  1. Is there any doubt that a Romney administration would favor the rich and increase the income gap in our country? Mitt is a pariah in Mormon Clothing and will stop at nothing to expand an empire of greed for the rich in this country by expanding tax cuts for the 1% of the wealthiest Americans. He’s out to gut the Middle Class for every red cent he can get. Will his sacred Mormon underwear grant him the protection and money to buy this election? See for yourself as Mitt dons his tighty-whities sent down from the Good Lord Himself at http://dregstudiosart.blogspot.com/2012/05/mitt-romneys-magic-mormon-underwear.html

    Posted by: Brandt Hardin | Aug 17, 2012 9:15:37 PM


  2. Meanwhile, they stick Drooling Joe in a soundproof rubber room, Obama continues his hard-hitting interviews with People and Entertainment Tonight while even MSDNC whines and cries, and Romney pulls ahead in Gallup. All in all, a very nice week.

    I bet Michelle is screaming to dump Biden like that female militant talks show hostess in Paddy Chayefsky's "Network" was screaming to dump Howard Beale: "He's poison! Poison! Bringing me down! And I got "Little House on the Prairie" my ass has to compete with!!"

    Posted by: Markus | Aug 17, 2012 9:20:50 PM


  3. and his charity donations cam to a wopping

    1.2% of income for 1 year
    4.1% of income for the other year

    The Catholic bishops might be pissed that he didnt even give 1/2 of the required tithe of 10%...they are also probably wishing they could burn him as a heretic (ayn randian) under-tither

    + he is 2 years better than mittens who only released an estimate for 1 year and an incomplete return for the other (missing paperwork on swiss bank account) which points to the high probability in 2009 he took the tax amnesty and thus is an admitted felon

    Posted by: say what | Aug 17, 2012 10:16:36 PM


  4. ..sooooooooooo... how is it that Mitt Willard Romney only paid 13% both years (so he claims), and yet makes a hell of a lot more than either Ryan or his wife both years?

    I can't believe anyone would vote for this ticket. Especially gays.

    Posted by: Zeta | Aug 18, 2012 12:21:42 AM


  5. ..sooooooooooo... how is it that Mitt Willard Romney only paid 13% both years (so he claims), and yet makes a hell of a lot more than either Ryan or his wife both years?

    I can't believe anyone would vote for this ticket. Especially gays.

    Posted by: Zeta | Aug 18, 2012 12:21:43 AM


  6. Markus, Biden is not poison. Biden is a hell of a lot more honest than Romney the Kolob God-Priest or Paul 'I only repudiate Ayn Rand because I'm the VP nominee' Ryan. Biden has depths of sincerity neither one of these two other freaks can muster.

    I don't know what it says about America that Biden has to be shut up, but Romney and Ryan can call the sky pink and folks lap it up.

    Getting rid of Biden, though? No, that's totally a astroturfing Hillaryis44 fantasy.

    Posted by: Zeta | Aug 18, 2012 12:25:36 AM


  7. Say What, the tithing thing being mandatory is strictly a Mormon membership thing. Catholics would like you to tithe 10%, but you aren't going to burn in hell or be denied entry into heaven if you don't give 10%.

    Also, tithing should never have been classified as charitable contribution. Giving to a food bank is a charitable contribution. Putting money into a basket to pay for pastor, utilities and whatnot .. not the same thing. But it's just a wish.

    Now, Romney's 'charitable' contributions should be interesting to see. Romney strikes me as the type of person who pays as little as he can possibly get away with and still be able to say he did what he was supposed to do.

    Posted by: Zeta | Aug 18, 2012 12:31:38 AM


  8. Mormons are big on "missions" meaning offshore jobs, and while you are there, spread the religion. He is the CEO of the Mormon church, make no mistake.

    Posted by: ty | Aug 18, 2012 12:59:53 AM


  9. Oh wow, thanks to Markus the paid RNC troll, I'm, you know what, I'm suddenly becoming Republican! It worked! I'm going to vote from Romney now!

    Maybe it's really MarCus. He's in a locked room and this is all he's being allowed to do since he got mommy Michelle in BIG trouble for applying for Swiss citizenship so that when the RNC has destroyed the USA, her family has a place to escape to! But he really likes his punishment, because of all the cute guys posted to Towleroad.

    Posted by: EchtKultig | Aug 18, 2012 1:43:57 AM


  10. Don't feed Markus. He's just agitated because he desperately needs cock.

    Posted by: Carl | Aug 18, 2012 2:25:57 AM


  11. Yeah! I mean, what about Romney? I mean, just two yrs?

    Posted by: Matt26 | Aug 18, 2012 2:56:20 AM



  12. According to USA Today from September 2008, Joe Biden, a Catholic, gave an average of $369 to charity per year. There are plenty of things to hit Paul Ryan on, this is not one of them.

    Posted by: ScottNYC | Aug 18, 2012 6:54:15 AM


  13. What's funny is that Paul Ryan could have released all his tax returns since his first job and they'd probably be squeaky clean. While I can't stand the guy's policies and ideas, I think he was smart enough to avoid doing anything corrupt with his own finances. (Yet, stupidly GOP enough to declare Obama's stimulus as wasteful, then turn around and request some of it under the reasoning that it would help create jobs, personally signing his name on those requests. Heh.)

    Problem though: releasing more than a couple years' returns would be a concession that there's something to be gained from full disclosure, which would make Romney look even worse. So he can't.

    I keep hoping that the IRS has an internal leak or somebody hacks their records and releases ten years of Mitt's returns.

    I'm willing to bet when the recession hit in 2008, Romney still made millions of dollars but shuffled most of it into offshore accounts and used every loophole in the tax code to avoid paying taxes on the rest.

    Posted by: sparks | Aug 18, 2012 8:21:53 AM


  14. We forgive Biden his occasional gaffes because he's genuine. People think Ryan is going to mop the floor with him in a debate. Really? On defense? Social issues? Immigration? Ryan is a one-trick pony, and it won't be too hard to dismantle that trick in a debate.

    Posted by: Gregoire | Aug 18, 2012 11:00:55 AM


  15. Weird. I earn just over $50k and pay around $20,000 in taxes on my own in NYC. How is it they paid $34,000 on over $300k?

    Posted by: RICK | Aug 18, 2012 1:02:42 PM


  16. Experts on NPR have said that the 13% figure makes sense when one consideres that Romney claims most of income comes from capital gains.

    I still wonder what he's hiding. No one should take him on his word about *anything*.

    Posted by: Diogenes Arktos | Aug 18, 2012 1:59:56 PM


  17. And remember, the Ryan plan would reduce Romney's tax liability to just about 0%.

    "I keep hoping that the IRS has an internal leak or somebody hacks their records and releases ten years of Mitt's returns."

    Don't hold your breath. I've worked on IT systems at the IRS. They run an incredibly tight ship. Whoever leaked that would be found out and have to accept losing their job AND criminal prosecution.

    Posted by: EchtKultig | Aug 18, 2012 3:00:19 PM


  18. I checked Ryan's CV on Wikipedia. He was first elected to Congress in '98, when he was 28. Previously, he had been a Capitol Hill staffer and speechwriter. Interesting record for a Rand-worshipper, spending his entire career in government service.

    Now, I myself spent my entire career working in a VA hospital, so no doubt the Congressman would consider me a moocher and a looter.

    Posted by: Robert | Aug 18, 2012 3:47:20 PM


  19. what is Mitt hiding? Where are Mitt's past tax returns? If he is honest and has noting to hide then show us his IRS past tax returns.
    other wise he is a criminal who is hiding something.

    Posted by: Mike | Aug 18, 2012 5:34:52 PM


  20. @Say what: Catholics are not "required" to tithe ten percent. That is more popular among protestants and Mormans.

    Posted by: andrew | Aug 20, 2012 3:39:39 AM


  21. @Rick: If you pay 20K in taxes on a 50K income you need to go to H&R Block.

    Posted by: andrew | Aug 20, 2012 3:43:35 AM


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