Cindy McCain reports $4.2 million in 2007 income(That Explains Why $5Mil is Rich)

[tekisui]

http://www.thestate.com/366/story/558751.html

WASHINGTON -- Republican presidential candidate John McCain's wife, Cindy, reported $4.2 million in income for 2007, nearly $2 million less than she reported the previous year, according to tax returns released by the McCain campaign Friday. Mrs. McCain, who files her taxes separately from her husband, paid $1.1 million in taxes, a tax rate of about 26 percent. She reported nearly $530,000 in itemized deductions.

The McCain campaign said her losses were in investment income directly related to her family business, Hensley & Co., an Arizona beer distributorship of which she is chairwoman.

"The reduction is a combination of capital investments in the business and, like many companies, Hensley has felt the impact of a weakened economy," McCain spokesman Brian Jones said.


The Arizona senator's campaign had released her 2006 return in May but said Mrs. McCain had requested an extension on her 2007 return.

more...

[Triana]

1. Explains why they think 5 mil is "middle class" n/t

[stray cat]

2. Poor Cindy - Obama will increase her taxes and she will starve to death

[thunder rising]

3. And there you go, Cindy is warm and caring common folk. The salt of the USA