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Posted: Fri 6:56 PM, Aug 17, 2012
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Ryan Paid a Higher Federal Tax Rate than Romney

Posted: Friday, August 17, 2012 --- 7:00p.m.

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 just over 17 percent in 2010 and about 20 percent 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 percent. For 2011, Romney's campaign estimates that he will pay about $3.2 million with an effective federal tax rate of about 15.4 percent.

Copyright 2012. The Associated Press.

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  • by randy Location: Green Bay on Aug 18, 2012 at 02:08 PM
    You know, if you give a sizable percentage of your income (say 20%) to churches. it is tax deductile. However, you've still giving 20% of your gross income to the church. When I was in the hospital this week for surgery, somebody was telling me the CHURCH was picking up the tab for the inpatient stay. This voluntary assistance a heck of a lot more efficient than enfusing the federal government in the middle of this process, which is always fraught with waste and fraud.
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  • by rondo Location: west side on Aug 18, 2012 at 10:36 AM
    Per the article's figures: The Ryans pay for 2011: $64,600 The Romneys pay for 2011: $3,200,000 That sounds about right to me. What's the problem? I's love to have enough income to be required to pay over 3.2 million dollars in Federal income taxes.
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  • by Average Joe Location: Madison on Aug 18, 2012 at 09:52 AM
    So What? The only taxes I care about are mine and how the feds waste them.
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