- The Washington Times - Saturday, April 19, 2008

ASSOCIATED PRESS

Republican presidential candidate Sen. John McCain has a Senate salary, a Navy pension, monthly Social Security income, book royalties, and a wealthy wife.

In all, the 71-year-old Arizona senator reported total income of $405,409 last year, and paid $84,460 in federal income taxes.

He also donated more than $100,000 last year to charitable organizations. Much of the contributions went to a family foundation, which in turn donated to an organization that helps people with facial deformities.

The Republican presidential candidate files his taxes separately from his wife, Cindy, whose fortune is in the $100 million range.

Because Arizona is a community property state, Mr. McCain and his wife each must report one-half of their shared income and expenses. So, though Mr. McCain reported $258,800 in taxable income on his 2007 return, the couple’s joint taxable income was twice that amount.

And overall, the couple’s total earned income for last year was more than $771,000.

Mr. McCain’s two Democratic rivals released information about their taxes earlier. Both Sens. Barack Obama and Hillary Rodham Clinton file their taxes jointly with their spouses.

Mr. Obama and his wife, Michelle, reported making $4.2 million in 2007, while the Clintons reported $20.4 million in income.

Mr. McCain routinely is ranked among the richest in Congress, but he and his wife have kept their finances separate throughout their 27-year marriage. A prenuptial agreement left much of the family’s assets in the name of Mrs. McCain, heiress to a beer distributing company.

His income included his Senate salary of $161,708, a Navy pension of $58,358 and Social Security income of $23,157. His return shows that he paid $17,700 in alimony last year; he and his first wife divorced about three decades ago.

The campaign says Mrs. McCain will not release her tax returns to protect the privacy of the couple’s four children; details of their wealth are included in her filing.

Mr. McCain’s filing, however, gives some clues to his wife’s earnings last year.

According to the returns, Mrs. McCain’s income from the beer distributorship, Hensley & Company, was $432,991 in 2007.

Mr. McCain’s campaign also released his 2006 individual tax returns. For 2006, he reported paying $72,771 on taxable income of $215,304. He also reported charitable gifts of $64,695.

The Democratic National Committee criticized Mr. McCain for not releasing more than two years of returns and for not releasing his wife’s tax returns, noting that the Republican National Committee called on 2004 Democratic nominee Sen. John Kerry to release the tax returns of his multimillionaire wife, Teresa Heinz Kerry.

John McCain’s lack of transparency is troubling and raises questions about what he’s hiding, DNC Chairman Howard Dean said in a statement.

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