(News Max) – Republican vice presidential candidate Paul Ryan on Friday released two years’ worth of tax returns while his running mate Mitt Romney came under new fire for not being transparent about his personal finances.
Romney’s campaign posted the returns from 2010 and 2011 from Ryan and his wife Janna on its web site.
The Milwaukee Journal Sentinel said the Ryans paid an effective rate of 15.9 percent in 2010 and 20 percent the following year. They paid $34,233 in 2010 on income of $215,417. In 2011 their income had gone up to $323,416 and they paid federal income tax of $64,764.
The paper said the Ryans paid a $59 underpayment penalty in 2011.
The Journal-Sentinel said that over the two-year period, a little more than half came from Ryan’s salary as a congressman from Wisconsin, with the rest coming from “dividends, capital gains, real estate and other sources.”
A Ryan spokesman told the paper that most of the rental income was on property owned by Janna. “As these are properties Rep. Ryan ‘married into,’ for lack of a better term,he does not play an active role in them and has no plans to,” said Kevin Seifert.
The Romney campaign is hoping it can put the tax issue behind it. Democrats led by President Barack Obama have continually criticized the GOP candidate for releasing only two years of taxes when, in recent elections, most candidates have made more years available.
“It’s time to focus on the real issues in this campaign — turning around the economy and getting America back to work again,” the campaign said.
President Barack Obama’s re-election campaign said on Friday that if Romney releases five years of his tax returns, it would not press the former private equity executive to release more — a proposal quickly rejected by Romney’s campaign.
http://www.newsmax.com/Newsfront/Ryan-tax-returns-released/2012/08/17/id/448983
