Sen. John McCain reported income of $405,409 last year, but the money he spent on charitable contributions, wages to household staff, alimony and taxes ate up most of that — showing how his wife, Cindy, helped support a wealthy lifestyle.
McCain on Friday released his 2007 and 2006 tax returns, but not those of his wife, whose income from ownership of a beer distributor far exceeds $1 million, according to financial disclosure statements filed previously in the Senate.
McCain, the presumptive Republican presidential nominee, has never before released his tax returns. Outside groups estimate the McCains’ combined wealth to be between $28 million and $100 million.
Democratic presidential contenders Sen. Hillary Rodham Clinton and Sen. Barack Obama filed joint returns with their spouses, providing a clearer picture of their finances. Those returns, dating to 2000, were recently released.
“John McCain’s lack of transparency is troubling and raises questions about what he’s hiding,” Democratic National Committee Chairman Howard Dean said in a statement Friday.
John and Cindy McCain,married since 1980, file separate tax returns and hold a wide range of assets separately. The McCain campaign said Cindy McCain would not release her tax returns in “the interest of protecting the privacy of her children.”… [emphasis added]
Inserted from <LA Times>
McConJob would have you believe that he’s the least wealthy of the candidates still running for the presidency, but don’t believe it. He’s Mc’Full’o'Crap. He undoubtedly has conflicts of interest in his wife’s portfolio. His personal net worth is about $40 million, up $18 million since 1999, so the GOP No Millionaire Left Behind program has gushed up for him, instead of his promise of downward trickle. His wife’s net worth is well over $100 million.
