Ryan Releases 10 Years of Tax Returns
YOUNGSTOWN, Ohio – After less than a month on the campaign trail, U.S. Rep. Tim Ryan’s presidential campaign released 10 years of his tax returns Monday.
The disclosure, his campaign said, shows Ryan’s “commitment to unity built on trust and honesty,” according to a statement.
The returns, which begin with his filings for the 2009 tax year, show Ryan, D-13 Ohio, deriving the bulk of his income from his salary as a member of Congress. In later years, his return includes income earned by his wife, Andrea, who he married in 2013, earnings from two books he wrote, and profits or losses from a rental property the couple owned.
“Full and complete transparency with the American people is paramount to Congressman Tim Ryan. He understands that unity is built on trust earned with honesty and respect,” a campaign spokesperson said in announcing the release of the returns.
“While President Trump’s lies are designed to fracture our communities and distract from his own failures – Tim Ryan knows that America is stronger. And he’s committed to restoring the unity and trust our country deserves,” the spokesperson continued.
In 2009, Ryan reported total adjusted income of $156,384, including $155,438 from his congressional salary. He owed $29,046 in federal taxes and had $36,669 withheld, for an overpayment of $7,623. His gifts to charity that year totaled $2,667, including $2,422 in contributions by cash or check.
In their 2018 return, Ryan and his wife, a teacher in the Weathersfield Local School District, earned $221,004 in total income – including $165,660 from his congressional pay and $1,483 in royalties – with federal taxable income of $196,754. Their total tax due was $31,440 and they had $40,985 withheld, for an overpayment of $9,545. The couple list two dependents, a son and a daughter from Andrea Ryan’s first marriage, and their son, Brady, who was born in 2014.
In his 2012 return, Ryan reported adjusted gross income of $176,594, and taxable income of $150,504. His return that year reflected earnings from, “A Mindful Nation,” his book on the practice of mindfulness, which was published that year. His Schedule C formed showed he earned $26,066 from sale of the book and had $8,896 in expenses, mostly for travel, for a profit of $17,170. He owed $36,062 in taxes that year and overpaid $1,176 through withholding.
The following year he received $2,535 from sales of his book against expenses of $978, for a profit of $1,557. The 2013 filing year also reflected his first filing jointly with his new wife. They reported adjusted gross income of $206,344 and had taxable income of $165,290.
In 2015, the Ryans had total income of $217,752. That included $12,834 in royalty income. In October of the year before, Ryan published his second book, “The Real Food Revolution.” They owed $38,977 and received a refund of $5,097.
Copyright 2020 The Business Journal, Youngstown, Ohio.
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