Representative Paul Ryan promised last week that he would release two years of tax returns, the same amount as Mitt Romney. Romney's running mate committed to releasing his taxes for that period last weekend, and he has come through, with this 2011 and 2010 taxes now available for the public to view. Of course, Governor Romney hasn't released his actual tax returns yet, but just an estimate for 2011, so Ryan is one-up on him there.
Ryan paid a higher tax rate than running-mate Romney, 15.9% percent in 2010 and 20% in 2011, on $215,417 and $323,416 in income respectively, which comes to $64,764 in 2011 and $32,233 in 2010. Both Janna and Paul paid a higher tax rate than Mitt Romney, or wife Ann.
The Romney's tax returns for 2010 and 2011 were released in January, showing that the republic nominee had $40 million in income for the past two years and paid 13.9% in 2010 and 15.4% in 2011. Responding to critics about his inflated income, Romney said that he would not "apologize for having been successful." Romney may not want to apologize for being successful, but he won't get much sympathy for it, either, as his income for the last two years could run a small country.
Mitt Romney has been under pressure from the Obama campaign to release more than just the two years he did release, but has not done so, saying that the Obama campaign would rather concentrate on the tax situation than the issues. Romney has stated that he has paid no less than 13% in the last ten years.
Last year's income put the Janna & Paul Ryan in the top 3% of Americans, according to the Wall Street Journal.
Do you think the Romney campaign is hiding something by only releasing two years of tax returns, or do you agree with them that people shouldn't be focusing on their taxes, but on the issues instead?