Friday, August 17, 2012

So Paul Ryan pays a higher rate than his would-be boss

Paul Ryan released his 2010 and 2011 tax returns today.  As CBS News noted, that's one more year than Mitt Romney has let us see.  Romney does promise to release his 2011 return when it is filed, probably a few weeks before Election Day.

Ryan's returns reveal that he and his wife took in about 1/100th of what Romney showed on his tax return in 2010, but paid a higher rate--15.9% against 13.9%.  But don't expect Ryan to complain about the apparent inequity.  

(Although Ryan and his wife--almost half of the income came from investments, most in her name--received a tiny fraction of what the Romneys got in 2010, they are very close to the top tier of Americans in terms of their income.)

One more thing:  Ryan turned over seven years' worth of returns to the Romney campaign. In other words, Mr. Romney thought it necessary for him to see much more information on his prospective running mate's taxes than he is willing for us, the voters, to see about his.  Yet it is we who are making the decision about whether to employ the two gentlemen.

No comments: