The Straits Times
Published on Aug 18, 2012

Romney V-P pick Ryan releases 2010, 2011 tax returns


RIVERHEAD, New York (AFP) - Mitt Romney's campaign released the latest two years of tax returns on Friday for Mr Paul Ryan, showing his running mate paid a 15.9 per cent tax rate in 2010 and a 20 per cent rate last year.

The policy of releasing two years of tax data dovetails with Mr Romney, whose refusal to release pre-2010 returns has been repeatedly criticised by Democrats as he tries to unseat President Barack Obama in November's election.

According to copies of tax returns filed by Mr and Mrs Paul and Janna Ryan and released by the campaign at the tail end of the weekly news cycle, the couple paid US$64,764 (S$80,973) in taxes on US$323,416 of adjusted gross income in 2011, for a tax rate of 20 per cent.

In 2010, they earned a total of US$215,417 in adjusted gross income and paid US$34,233 in taxes, for an effective tax rate of 15.9 per cent.