The returns look much different than Mitt Romney's, which run longer than 100 pages. Ryan and his wife Janna Ryan's return is fairly straight-forward, reflecting income in the low to mid-six figures.
The Republican vice presidential candidate and his wife paid an effective tax rate of 15.9 percent in 2010 and 20 percent in 2011.
They paid $34,233 in taxes on an adjusted gross income of $215,417 in 2010, and paid $64,764 in taxes on an adjusted gross income of $323,416 in 2011.
In an interview on CBS' "60 Minutes" last weekend, Ryan said he would release just two years of tax returns to the public during the campaign. His remarks came on the heels of Romney announcing him as his vice presidential pick. HuffPost's Sam Stein reported at the time:
Romney, in fact, has not released two years of tax returns. He released his 2010 return (with some elements missing) and an estimate for 2011. The campaign has said that a full 2011 return will be made public before the election.
The issue of tax fairness dominated the 60 Minutes interview with Schiefer repeatedly questioning whether a Romney-Ryan administration would level the progressivity of the tax code. While the CBS host never mentioned it, under Ryan's proposed budget, Romney would have paid an effective tax rate of 0.82 percent in 2010, according to the Atlantic.
"I think at this point of time it's going to dog him all the way and he needs to get it behind him," said Republican strategist Ed Rollins earlier this month during an appearance on Fox News. "I think he needs to release more taxes. Absolutely."
Click here to view the documents released by Ryan on Friday.