Kudos to Cindy McCain
Update: Cindy McCain releases summary of taxes: See Comments:-------------------
by Wes Vernon: Editorial writers and self-appointed "watchdogs" are demanding that Cindy McCain release her tax returns. In itself, the expectation that she "owes" it to the "public" to share her financial business going back several years is an unwarranted intrusion. What it says about a larger issue — i.e., politicians regulating politicians' campaigns against each other — reveals the absurd, if not the outrageous. . . . Cindy McCain is the heiress to Hensley and Co., a major beer distributor for Anheuser-Busch. She has wisely chosen to file separate returns from those of her husband, Senator John McCain. She possessed the assets before she married him. She need not open up her entire financial life to the world. "This is a privacy issue," the spouse of the presumptive Republican presidential nominee declares. "My husband is the candidate."
Parenthetically, one might ask where are the raging feminists in our midst who wail that a woman should "be her own person," and not be tied down by her husband. Hypocrisy enters the picture big-time when the self-righteous NOW-types fail to rise to the defense of a woman who files her own returns and refuses to make them public essentially on the grounds that being married to a presidential candidate does not deprive her of her own personhood. But apparently (surprise!) a different standard applies if the woman in question is anywhere to the right of — say — Barbara Boxer. Read More: Post-Watergate morality: enough already!
Tags: Cindy McCain, Election 2008, John McCain, privacy, Wes Vernon To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 3:55 PM - Post Link
1 Comments:
Updated Info (link on post):
Cindy MCcAIN released a summary of her 2006 income tax return. The form revealed that she took in more than $6 million in taxable income that year.
By far the largest part of Mrs. McCain’s income, $4,551,901, was listed under a category that included rental real estate, royalties, partnerships and trusts, almost certainly coming from her stake in Hensley & Company, one of the country’s largest beer distributorships for Anheuser-Busch, founded by Mrs. McCain’s father and her uncle. She also listed $299,418 in salary and $743,476 in capital gains.
She claimed $569,737 in deductions and paid $1,746,445 in taxes, including the $24,162 she paid for household employees.
Hensley & Company, of which Mrs. McCain is the chairwoman, is valued at more than $100 million by published estimates.
Mr. McCain listed just more than $350,000 in income in his 2006 return.
even combined, the McCains’ income was still less than that of Senator Hillary Rodham Clinton and her husband, Bill Clinton, who reported more than $20 million in income in 2007. Senator Barack Obama and his wife, Michelle, reported $4.2 million in 2007, their most lucrative of the eight years they released.
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