VP candidate Ryan releases two years of tax returns

Republican vice presidential candidatePaul Ryan on Friday released tax returns showing he paid an effective tax rate moncler sale cheap of 20 percent last year, roughly in line withPresident Barack Obama's rate and likely higher than that of his running mate Mitt Romney.

Ryan's release of his 2010 and 2011 tax returns aligns him with Romney's position that giving out two years of tax returns is adequate. Democrats have held the Republican presidential candidate to the fire for not making public more  moncler sale years of tax information.

Romney, who last week tapped Ryan to join him on the Republican ticket, has released tax information showing that he paid a 13.9 percent rate for 2010. He said in January he would probably pay 15.4 percent for 2011, and has said he will release his full return for that year in coming weeks.

Obama paid a rate of 20.5 percent moncler outlet for 2011.

Ryan and his wife, Janna, paid $64,764 in total federal tax on adjusted gross income of $323,416 in 2011, when they filed an amended return. Their effective 2010 rate was about 16 percent.

Romney's campaign posted the Ryans' tax returns on its website. "It's time to focus on the real issues in this campaign - turning around moncler jackets  the economy and getting America back to work again," the campaign said.

Obama's re-election campaign said on Friday that if Romney releases five years of returns, it would not press the former private equity executive to release more - a proposal quickly rejected by Romney's campaign.

Romney, a formermoncler coats Massachusetts governor, is one of the richest men ever to run for U.S. president. He has an estimated net worth of up to $250 million.

The Obama campaign and its Democratic allies have targeted Romney's wealth and refusal to release more tax returns in ads that paint him as out of touch with the majority of voters.

Polls show the strategy is working. Independent  moncler online voters in swing states have a lower opinion of Romney after hearing about his business record and personal finances.