So how much of a Mack Daddy is Johnny Mac?
The missing piece of the puzzle has finally been revealed as John McCain today announced the details of his 2007 tax filing. So is Big Mac on the dollar menu or is this a full Value Meal?
McCain earned less than both Hillary and Obama, but the 71-year-old Senator refused to disclose information about his wife’s earnings. Due to tax laws in his home state of Arizona, he did not have to file jointly with his spouse, Cindy McCain. Some of his rivals are speculating that this lack of full-disclosure doesn’t look good. McCain weighed in by saying he signed a prenuptial agreement before their marriage, which was before his election, therefore her income and wealth do not affect his.
It seems pretty interesting that McCain would sign a prenup with his wife, but then again she is worth a ton of money and he did go through a previous divorce. Check out the breakdown of McCain and the other candidates’ returns after the jump. Notice anything interesting?
McCain – $405, 409 in earnings for 2007
Earned Senate salary- $161,708
Earned Navy pension- $58,358
Earned Monthly Social Security income – $23,157
Earned Book royalties – $176,508
Cindy McCain- fortune valued around $100 million
Joint total earned income – $794,000
Taxable interest earned – $48
Dividends – $74
Capital gains – $0
Paid $17,700 in alimony payments to divorced wife from 30 years ago
Paid $136,572 in wages to household employees
- Caretaker of Cabin in Sedona, Ariz.
- Child care for teenage daughter
- Personal assistant for wife, Cindy
Paid $105,467 to charity
Paid $5,413 in alternative minimum tax (a levy he is trying to repeal)
Deducted $12,000 for preparing financial disclosure forms for Senate
Paid $118,460 in federal taxes
Barack and Michelle Obama – $4.2 million in earnings for 2007
Earned Senate salary- $157,102
Earned profits from 2 books – $4 million
Earned wife’s salary as hospital admin – $103,000
Earned wife’s income on board of Treehouse Foods – $29.443
Paid $240,370 to charity
Paid $277,431 in federal taxes
Hillary and Bill Clinton – $20.4 million income for 2007
Paid $2 million to charity
Earned vast majority of income from Bill’s speaking engagements
The Clintons requested a filing extension for their 2007 returns.
Why couldn’t the Clintons get their taxes in on time? I mean seriously, were they busy with other stuff? Did Chelsea have ‘a thing’ they had to go to?
USA Today: McCain Earnings Trail Obama, Clinton, April 18, 2008
AP: McCain Reports $405,409 in earnings for 2007, April 18, 2008
