Taxes

4:29pm

Fri August 17, 2012
The Two-Way

Paul Ryan, Wife Paid 15.9 Percent In Taxes In 2010; 20 Percent In 2011

Originally published on Fri August 17, 2012 4:43 pm

Republican vice presidential candidate Paul Ryan speaks during a campaign rally at West Springfield High School on Friday.
Alex Wong Getty Images

GOP vice presidential candidate Paul Ryan and wife, Janna, have released the tax returns for the past two years.

According to the Milwaukee Journal Sentinel, the returns show that in 2010, Ryan and his wife paid an effective tax rate of 15.9 percent and one of 20 percent in 2011.

The Journal reports that a little more than half of the couple's income for that period came from Ryan's Congressional salary. The paper adds:

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3:08pm

Fri August 17, 2012
U.S.

Budgets Tight, States Ask Voters To Raise Taxes

Originally published on Fri August 17, 2012 4:03 pm

California Gov. Jerry Brown, speaking in Sacramento on Wednesday, advocates a ballot initiative that would increase sales and income taxes. Several states have measures on the November ballot that seek to plug deficits by raising taxes.
Rich Pedroncelli AP

Tax increases will join political candidates on the November ballot in several states struggling to plug some big holes in their budgets.

One of the most closely watched measures is in California, where Gov. Jerry Brown has staked his reputation on closing his state's multibillion-dollar budget gap.

On Wednesday in Sacramento, Brown officially kicked off his campaign to get voter approval to raise taxes via the Schools Public Safety Protection Act, also known as Proposition 30.

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12:05pm

Fri August 17, 2012
It's All Politics

Obama Camp's DOA Tax Offer To Romney Keeps Issue Alive

Originally published on Fri August 17, 2012 12:26 pm

The Friday offer from President Obama's campaign to Mitt Romney — that if the GOP presidential candidate releases his tax returns for the past five years, it won't attack him for not releasing more — was immediately rejected by the Romney campaign.

But the give-and-take keeps Romney on the defensive, and promises to keep the issue of Romney's taxes going for weeks to come.

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2:32pm

Thu August 16, 2012
It's All Politics

Romney Says He Paid A Tax Rate Of At Least 13 Percent

Originally published on Thu August 16, 2012 3:15 pm

Republican presidential candidate Mitt Romney writes on a whiteboard during a news conference Thursday in Greer, S.C.
Evan Vucci AP

Republican presidential candidate Mitt Romney on Thursday revealed a bit more about his tax history, telling reporters: "I never paid less than 13 percent" in the past 10 years.

The Obama campaign's response: "Prove it."

Romney's statement came during an appearance in South Carolina and followed weeks of demands — mostly from Democrats, but also from some Republicans — that Romney release several years of his tax returns.

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4:41pm

Mon August 13, 2012

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