Ryan paid a higher federal tax rate than Romney - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Ryan paid a higher federal tax rate than Romney

By STEPHEN OHLEMACHER
Associated Press

WASHINGTON (AP) - When it comes to their federal taxes in the last two years, Republican presidential candidate Mitt Romney has paid a lower federal tax rate than his running mate, congressman Paul Ryan.

The Republican campaign released Ryan's tax returns on Friday.

Ryan paid an effective federal tax rate of 15.9% in 2010 and about 20% in 2011.

In 2010, Ryan and his wife reported an adjusted gross income of just over $215,000. In 2011, their reported adjusted gross income was just over $323,000.

Romney paid about $3 million in federal income taxes in 2010, an effective federal tax rate of 14%. For 2011, Romney's campaign estimates that he will pay about $3.2 million with an effective federal tax rate of about 15.4%.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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