The Candidates And Their Taxes

Two years of tax returns are now available for inspection for both GOP presidential candidate Mitt Romney and running mate Paul Ryan (although Romney's 2011 return is still preliminary), as well as a full 12 years for both President Obama and Vice President Joe Biden. Here's a side-by-side look at 2010 and 2011 returns for the candidates.

  Obama Romney Biden Ryan
  2010 2011 2010 2011* 2010 2011 2010 2011
Total Income $1,795,614 $844,585 $21,661,344 $20,901,075 $379,178 $379,035 $215,417 $323,416
Taxes $453,770 $162,074 $3,005,496 $3,226,623 $86,047 $86,892 $34,233 $64,764
Effective Rate 25.3% 19.2% 13.9% 15.4% 22.7% 22.9% 15.9% 20%
Wages $395,188 $394,821 $0 $0 $308,376 $307,543 $153,741 $153,359
Outside Business Income $1,382,899 $441,369 $593,996 $110,500 $0 $0 $0 $0
Rental income, royalties, etc. $1,323 $698 $(279,884) $2,830,078 $11,000 $12,653 $39,013 $116,043
Interest $8,066 $10,694 $3,295,727 $4,099,156 $4,014 $2,827 $4,900 $3,314
Ordinary dividends $9,997 $3 $4,923,348 $3,168,867 $0 $0 $14,628 $17,400
Qualified dividends $2,159 $0 $3,327,678 $1,905,753 $0 $0 $11,424 $12,587
Capital gains $(3,000) $(3,000) $12,573,249 $10,700,179 $0 $0 $3,135 $33,153
Itemized deductions $373,289 $278,498 $4,519,140 $5,688,179 $67,038 $60,628 $26,395 $51,242
Mortgage interest deduction $49,945 $47,564 $0 $0 $30,019 $25,671 $12,755 $16,143
Charitable contributions $245,075 $172,130 $2,983,974 $4,020,572 $5,350 $5,540 $2,600 $12,991
Percentage of income to charity 13.6% 20.4% 13.8% 19.2% 1.4% 1.5% 1.2% 4%

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