The L.A.Times also tells us how Sen. John McCain released his tax returns this morning, in an individual filing that did not include Cindy McCain’s earnings.
The McCain’s have filed separate returns throughout their 27-year marriage.
Cindy McCain, is an heiress to a Phoenix-based beer distributing company. Her worth is estimated at more than $100 million.
According to the campaign, McCain in 2007 reported about $418,000 in actual, not communal, income.
In 2007, McCain also earned $161,708 from his Senate salary representing Arizona. He received $23,157 in Social Security income and $58,358 from his Navy pension, which is non-taxable.
According to the campaign, McCain paid $84,460 in federal taxes on a taxable income of $258,800, a rate of 32.6%, in 2007. The previous year, he paid $72,771 in federal taxes on a taxable income of $215,304.
According to the forms, McCain gave $105,000 to charity and also donated $177,000 in royalties from five of his books, including the biographical "Faith of My Fathers" and "Worth the Fighting For."
Cindy McCain's income from the beer distributorship, Hensley & Company, was $432,991 in 2007.
Earlier this week, Democratic presidential hopeful Barack Obama and his wife, Michelle, reported making $4.2 million last year, also a sharp increase as royalties from his books, "Dreams From My Father" and "The Audacity of Hope" climbed.
The Obamas paid federal taxes of $1.4 million and donated $240,370 to charity.
Sen. Hillary Rodham Clinton and former president Bill Clinton reported $20.4 million in income for 2007 but have asked for an extension on filing their returns. Almost half the former first couple's money came from Bill Clinton's speeches.
In a statement from the Clinton campaign, the Clintons said they have earned nearly $109 million since Bill left the White House in 2001, mainly through speaking engagements.
Well although the McCain's, Obama's and Clinton's all make desirable incomes, I am sure glad that I am not paying their taxes! YIKES!
I liked the L.A. Times article because it squeezed all of the candidates information into one article which really made it easy to compare them side by side.
It looks like the Clinton's annual is kicking the other guys butts! Good ol' Bill.. Can you believe it has almost all come from the two of them being involved in speaking engagements? Wow...
Thank you to the L.A. Times for making the couple hundred I paid in taxes this year look like chump change compared to Barrack Obama's $1.4 million!
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