McCain releases tax returns- N.Y.Times

The New York Times article on 4/18/08 released Senator John McCain’s income tax returns for the past two years showing that he received over $740,000 during 2006 and 2007 from his Senate salary, book royalty payments, his military pension and Social Security. But yesterday’s release did not shed new light on the extent of the presumptive Republican presidential candidate’s wealth which comes from his wife, Cindy McCain.



Mrs. McCain holds a significant stake in a Phoenix-based beer distributorship, Hensley & Co. that her late father helped found. To date, she has not disclosed the size of her stake in the privately-held concern. But published estimates have speculated that it could be worth up to $100 million or more. Senator McCain’s campaign stated that it was not releasing Mrs. McCain’s personal taxes “in the interest of protecting the privacy of her children”. According to filings, Mrs. McCain received an annual salary of over $430,000 for serving as chairwoman of the company. The McCain’s have a prenump keeping Cindy McCain’s assets are separate from her husband’s. According to Senator McCain’s tax filing, he paid a total $157,231 in taxes on taxable income during the two-year period.


The New York Times reports that most of Senator McCain’s contributions were made to the John and Cindy McCain Family Foundation. It contributes to a number of groups including Operation Smile, an organization that provide reconstructive facial surgery to poor children and others, and The Halo Trust, an organization involved in mine-clearing.


Over the past two years, Senator and Mrs. McCain donated about $340,320 from their community assets to charity, the campaign said.

You have to give Cindy McCain credit here! It is so nice to see a successful woman alongside her husband who may possibly have more assets than he does! I bet that if God forbid there was ever a scandal in this marriage she wouldn’t be one of those women that stands by her man… Hopefully that is…


It is cool to see the New York Times reporting all of the various charities the McCain’s contribute to and the fact that they are giving $340,320 a year to these organizations.