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Time for Cindy McCain to Release Her Tax Returns
McCain's money...
Aside from a Wachovia checking account, in which he keeps between $15,000 and $50,000 (wouldn't some of that money earn more interest in a certificate of deposit?), all of the couple's assets are in Cindy's name. John McCain's tax return is so anemic, so marginal to the couple's actual financial situation, that he doesn't even take a deduction for interest on his home mortgage. Presumably Cindy does, since disclosure forms indicate that she has several mortgages.
We don't know for certain whether she does, because the campaign has declined to release Cindy McCain's tax returns. This data gap sets McCain apart from his Democratic opponents, who have released jointly filed tax records going back a minimum of seven years. Thanks to McCain's lack of genuine opposition in recent months, there has been very little clamor to release Cindy McCain's returns, even from those Republicans who loudly insisted that Hillary and Bill Clinton were hiding something in theirs.
Comments
Wow a guy who donated a quarter of his income to charity last year. Sounds really generous doesnt it? Problem is that the money went to the John and Cindy McCain Foundation. If you look at the tax returns for the McCain Foundation for the last seven years you find $500,000 in donations to:
Xavier College Preparatory
Brophy College Prep
Christ Lutheran School
What do these private schools have in common?
Why they are all private schools that his children attend or have attended.
The Senator is taking tax breaks supporting elite private schools for his kids.
All Perfectly Legal but….
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Posted by: mike on 05/03/08 at 7:47 PM Respond