Overview of Paul Ryan’s 2011 tax return

Summary of Paul and Janna Ryan’s 2011 tax return

Key highlights: 

Adjusted Gross Income: $323,416

Federal income taxes paid: $64,764

Effective tax rate: 20%

Sources of Ryan’s Income: 

Wages, salaries & tips: $153,359

Taxable Interest (or interest earned on bank accounts, money market accounts, certificates of deposit, and deposited insurance dividends): $3,314

Ordinary Dividends: $17,400

*Qualified Dividends: $12,587

Capital gains (or income earned from selling “home, household furnishings and stocks and bonds held in a personal account”): $33,153

Other gains: $147

Rental real estate, royalties, partnerships, S Corporations, trusts, etc.: $116,043

Total Deductions: $51,242

  • State & local income tax: $11,416
  • Real estate tax: $10,488
  • Home mortgage interest: $16,143
  • Investment interest: $193
  • Charitable donations: $12,991
  • Miscellaneous deduction: $11

Taxable Income: $253,674

Exemptions: $18,500

Total Tax Credits: $72

Total Federal Income Taxes for 2011: $64,764

  • Income tax: $53,152
  • Alternative minimum tax (AMT): $11,684

 

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3 Comments on “Overview of Paul Ryan’s 2011 tax return

  1. Pingback: Comparison of Romney and Ryan's 2011 tax returns | What The Folly?!

  2. Pingback: Comparing Romney and Ryan's 2011 tax returns | What The Folly?!

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