April 18th, 2008
11:40 AM ET
10 years ago

McCain releases taxes

(CNN) - John McCain made nearly $420,000 in taxable and non-taxable income in 2007, according to the Arizona senator's tax returns just released by his presidential campaign.

McCain's 2007 income includes his approximately $162,000 Senate salary, over $176,000 in book royalties, $23,000 in Social Security income, and over $58,000 from his Navy pension. (View McCain's tax returns [PDF])

The filing does not include his wife Cindy's much larger income - the two have long filed separate tax returns. An heiress to a beer distributing company, Cindy McCain is estimated to be worth approximately $100 million. But since those assets are in his wife's name, McCain is unable to tap into them for his presidential bid.

Filed under: John McCain
soundoff (322 Responses)
  1. cgs

    Let's check out McCain's tax return....talk about triple dipping. He receives a paycheck as Senator....our money. Social Security....our money and military retirement.....our money AND his wife is a millionaire many times over. And this country can't afford health coverage for Children. Does this make sense? One way we could help Social Security is not to allow Millionaires to take it and if someone is currently employed by the government they should not be allowed to draw both a military pension and Social security pension in addition to their salary.....THis is truely over kill and wasteful when we have seniors not being able to afford their medications.
    I thought McCain cared about PORK BARRELL SPENDING>>guess not really.

    April 18, 2008 04:02 pm at 4:02 pm |
  2. Doug

    Here's something I found interesting about old man McCain:

    In his 1992 Senate bid, McCain was joined on the campaign trail by his wife, Cindy, as well as campaign aide Doug Cole and consultant Wes Gullett. At one point, Cindy playfully twirled McCain's hair and said, "You're getting a little thin up there." McCain's face reddened, and he responded, "At least I don't plaster on the makeup like a trollop, you ." McCain's excuse was that it had been a long day. If elected president of the United States, McCain would have many long days. [The Real McCain, PoliPoint Press, 2008.]

    I can't wait until the debates between Obama and McCain start.

    He called his w

    April 18, 2008 04:04 pm at 4:04 pm |
  3. HP Boston

    McCain will be a good president, he has some good ideas and he won't be on the Medicare rolls.

    April 18, 2008 04:05 pm at 4:05 pm |
  4. John Doner

    McCain receives $162,000 as a senator, $58,000 as a Navy retiree AND $23,000 from SOCIAL SECURITY??? Something is wrong with this picture!!! Sounds like some new legislation is needed!

    April 18, 2008 04:09 pm at 4:09 pm |
  5. Newman

    Wow, $23K in social security for 2007! Man, how do I get in on that? I would love to get 23K every year from social security. Show me how to do it, John! Do I have to be senator and have a rich heiress for a wife to qualify?

    April 18, 2008 04:14 pm at 4:14 pm |
  6. Jason

    McCain donated 1.8 million of all the royalties to his five books to charity. Clinton and Obama both profited the money.

    Since 1991 McCain has donated all the increases in his senate career to charity. McCain has taken 80,000 each year for his senate salary while the senate money has gone up to 165,000. Overall McCain has donated 450,000 of the increases in his senate pay to charity since 1991.

    I can't believe how mean people are to mccain. He donates all his money from his books and senate increases to charity and you are getting on him about social security. McCain paid into it when he was in the military for 22 years. That is not his decision that he gets the check.

    Clinton is paying herself interest on her 5 million dollar loan when she is worth 109 million.

    Clintons profited over 20 million from their books while McCain gave all to charity.

    Obama profited 4 million from his book.

    McCain doesn't accept senate salary increases while Clinton and Obama do.

    April 18, 2008 04:16 pm at 4:16 pm |
  7. Peter Korsten

    It astounds me when many folks who post comments, take cheap and myopic shots at the candidates, in both parties.
    Take for instance the fact that John McCain has his hands in the cookie jar because he collects social security. He made his contributions and that is how the system rewards every American down the road. I similar futile argument bwould be, since the liberal politians want to increase our taxes,and if so convicted, why don't they increase their tax payments and tax deductions in favor of uncle Sam, immediately!
    Needless to say, and what many folks fail to realize is: "God is in control and He sets up and removes people in government and rulership positions."
    So, the best advice is to pray that God's will be done in the 2008 Election also and to stop attacking and lambasting the candidates' and smear their intentions and characters.

    April 18, 2008 04:17 pm at 4:17 pm |
  8. Janet

    You democrats don't think a war hero deserves social security? He fought the enemy and was tortured so you disloyal people could have free speech and demean him? He is a better person than I ..I would wash your mouths out with lysol!

    April 18, 2008 04:23 pm at 4:23 pm |
  9. Jason

    McCain paid into social security for 22 years in the military.

    McCain donated 1.8 million to charity from all his books.

    Clitnon and Obama profited the money. Clinton and Obama have profited 25 million off their books combined.

    McCain doesn't make 162,000 as a senator. Obama and Clinton make that.

    McCain makes 80,000 as a senator. McCain hasn't accepted a pay raise in the senate since 1991 because he voted against pay raises then. McCain has donated the 450,000 to charity from senate increases since 1991.

    I am so tired of McCain being smeared.

    April 18, 2008 04:24 pm at 4:24 pm |
  10. Sketch

    Nobody seemed to have a problem with John Kerry being married to a woman in the billionaire club. Why is it a problem for McCain to be married to a measly millionaire?

    Re: Social Security. Those who pay in should receive back.

    April 18, 2008 04:25 pm at 4:25 pm |
  11. Jason

    To Msladyjames, Do you find it offensive that Clinton and Obama are taking senate salary increases while McCain refused to take one since 1991.

    McCain is getting paid 80,000 as a senator while Clinton and Obama are getting paid 162,000.

    Do you find it offensive that Clinton is charging interest for her 5 million loan.

    Do you find it offensive that Clinton and Obama made 25 million off their books while McCain donated all his 1.8 million royalties to charity.

    McCain has too much integrity to ever win the presidency. He is being smeared when he has far more integrity than Clinton or Obama.

    April 18, 2008 04:29 pm at 4:29 pm |
  12. John

    To Nick: "You liberals don't understand these concepts though because you all majored in hippy subjects in school and don't know anything about economics and finance."
    Nice try knucklehead, but its your puppet, McDummy that does does not understand these comcepts ...by his own admission. He always wears his flag lapel pins, but then votes against any veteran bill that comes up such as the latest on the GI bill for education benefits. This after the jingoist flag-waving statement, "SUPPORT THE TROOPS" which doesn't mean much to most of the intelligence starved Rethugs. Also for someone who has been in a prison camp for 5 years and claimed to not have PTSD is a stretch by anyone's imagination. Combined with the time in captivity and his violent
    anger, this guy is a walking time bomb. Ever see the "Manchurian Candidate"? I think the Swift-Boaters in South Carolina in 2000 may have known something that they were not willing to share with the nation when Shrub and Evil Karl did a number on him. Doesn't say much about his intelligence when he jumps back in bed with them 7 years later. Have fun in your fog induced world!!

    April 18, 2008 04:30 pm at 4:30 pm |
  13. Jason

    McCain gets social security because of his time in the military.

    McCain unlike Obama and Clinton served in the military.

    McCain paid into social security for 22 years when he was in the military.

    That is where he gets that money from not because he is a senator.

    Nice of CNN not to point that out. The military gives you the checks for the money you paid into it.

    April 18, 2008 04:31 pm at 4:31 pm |
  14. bad idea

    I guess you people are dumb.Everyone is entitiled for SS just like you and me.Why should Mccain be different?Dont you guys realised that the SS money comes from our paychecks?Everytime when they deduct your paycheck for Federal taxes they also deducted for Social Security taxes that be used for Social Security.I believed Mccain are entitiled for it because he works for a living in a navy and he paid for that social security taxes.Its not for the rich its for everyone.The only reason it doesnt works is because governement is indebted so much that they own people on their social security benefit.So whoever you are,you should checks what social security benefit means,and please check your W2 where it listed your social security benefit.It shows how much you know ow the systems works

    April 18, 2008 04:31 pm at 4:31 pm |
  15. kathleen retired Professional w/woman for obama

    CNN, your the best. I have one complaint. ABC ticker goes on
    all day. I am glad that yours is not that big. But I get tired of
    putting my thoughts in writing for you and It, to be honest,
    is time consuming. How would you like it, if you wrote a paragraph,
    carefully grafted and you finally pushed, "submit comment" and
    it went to "this page cannot be displayed." I am tired of it.
    I don't mind, Comments are being Moderated" because I
    know my job is finished. I do mind when it appears you have
    turned the session off for an hour. Please, stop it.

    April 18, 2008 04:34 pm at 4:34 pm |
  16. Jan

    One of the things that we need to change in this country is drawing social security when you are working. Also, to continue to pay a U.S. Representative and Senator their salary after they leave Congress is one of the most stupid things I can think of.

    McCain's wife is an Anheuser Busch heiress. Why on God's earth is Senator MCCain drawing Social Security when his wife is worth $100,000,000. No wonder this country is going down the toilet.

    April 18, 2008 04:35 pm at 4:35 pm |
  17. kathleen retired Professional w/woman for obama

    What he makes is no concern to me because he will not make it to the presidency.

    April 18, 2008 04:37 pm at 4:37 pm |
  18. Janet

    1. John McCain has every right to collect social security. He paid into just like anyone else gainfully employed who reaches the age of 65.

    2. His wife's income is irrelevant.

    3. He does more to cut useless government spending than either Clinton or Obama have even thought about doing.

    Check the facts people! John McCain is an honorable man. Sure, he's made mistakes, but he owns up to them, admits them and even better rarely repeats them, which means he learns from them. One could only wish that Clinton could learn to quit lying because she always gets caught in them, and then good ole Bill goes out and opens his mouth and makes it even worse.

    April 18, 2008 04:39 pm at 4:39 pm |
  19. Jason

    Chris McCain did release his wife's earnings in senate disclosure forms.

    Chris, McCain has grown children that have recieved money from his wife that is why she wanted to keep it private.

    Clinton is not releasing names of foreign donors to the Clinton library. There could be conflict of interest like with Dubai.

    Clinton is not releasing her 2007 tax returns.

    Clinton is not releasing her earmark requests.

    Clinton won't release her detailed tax returns for any years just summaries.

    Clinton won't release records on the pardoning process.

    Clinton won't release her travel schedule from 2000-2006 and there is a report that it would be politically bad.

    Obama won't release records on meetings from illinois senate involving rezko.

    April 18, 2008 04:42 pm at 4:42 pm |
  20. just 1 soldier

    As a minority soldier who served twice in Iraq I want a president who will take care of the military. McCain can do that no matter if he does get Social Security and his wife is worth over 100 million. Look at the Clinton campain they make tons of money as well but they dont get much flak about it. You Americans have to look at who is doing what and not what party or anything else. This nation needs help and America needs to stop being so spoiled

    April 18, 2008 04:42 pm at 4:42 pm |
  21. Tracey

    Yes McCain donates to charities however its to his own charity. By the way what is the John Cindy Foundation and Miscelleous charity?

    Yes Obama made 4M off his book, but he just got finsh paying 200k worth of student loans and Michell sure hell ain't worth 100M!!!

    Some people will fall for anything!!! That's why he paid an accountant firm 24k to prepare this disclosure for you!!!

    Get wise people!!! McCain could sell many of you swamp land in Arizona!!

    April 18, 2008 04:42 pm at 4:42 pm |
  22. Johnny

    Ahhh...everybody quit crying about his salary and his wife's inheritance!
    Don't feel sorry for yourself because you did not marry into money. How 'bout the Clinton's net worth? And for those not educated enough, you can be employed and earn social security income. Let's all quit worrying about everybody else and do something yourself!!

    April 18, 2008 04:49 pm at 4:49 pm |
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