May 24th, 2008
12:07 AM ET
7 years ago

Cindy McCain releases 2006 tax returns

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Mrs. McCain released her 2006 tax returns Friday.
Mrs. McCain released her 2006 tax returns Friday.

WASHINGTON (CNN) – Cindy McCain released part of her 2006 tax returns Friday. The filings show she earned a total income of $6 million, and paid more than $1.7 million in taxes. She also claimed deductions of close to $570,000.

Her husband John McCain's presidential campaign said she had received an extension on her 2007 tax returns, and planned to release those as well. Her husband, presumptive Republican nominee John McCain, made his own returns public last month.

Under a prenuptial agreement, the couple keeps their tax returns and assets completely separate. Cindy McCain is heiress to a liquor fortune.

A campaign spokesman said she still had concerns about the privacy of her children - the reason she had given earlier for not releasing the records - she did not want the lingering questions continue to be a distraction from other issues.

The campaign dismissed questions over its decision to release the documents late on the Friday of Memorial Day weekend. "The campaign makes determinations when the make things public," spokesman Tucker Bounds told CNN. "This is something that came together today. We feel very good about that fact that people are able to get the information that they had asked for."

A campaign aide says that Cindy McCain made the decision recently, but this was the first time the campaign had had a chance to release the documents.

He added that the moves will exceed those of Teresa Heinz Kerry, also an heiress, when her husband John Kerry was the Democratic presidential nominee in 2004. Heinz Kerry made one year of returns public, but withheld some portions of the filing, and did not release the information until the final months of the campaign.


Filed under: John McCain
soundoff (227 Responses)
  1. KiloWhiskey

    Darth.....Go back to school and learn how taxes are calculated – you pay taxes on adjusted gross, not total income. i.e. if she has long term captial gains they're taxed at a lower rate.

    At least she didn't try and deduct her underwear.......or maybe in Hillary's case, her pantsuits.

    May 23, 2008 04:56 pm at 4:56 pm |
  2. White Grandma for Obama

    To SLO:

    What does Obama have to do with Cindy McCain's tax returns?

    May 23, 2008 04:57 pm at 4:57 pm |
  3. Pat Va

    Thought she said she'd NEVER release her tax returns! Ah...what some people will flip-flop on when the scent of POWER is wafting through the air!

    May 23, 2008 04:57 pm at 4:57 pm |
  4. Moderates unite

    Darth Vadick....you really are a moron

    Of course she is in the 35% bracket...her taxable income was seven figures

    Haven't you ever heard of tax shelters?....it's how the rich protect their income

    May 23, 2008 04:57 pm at 4:57 pm |
  5. Sam, Florida

    Mrs McCain is a fine lady. Obama supporters don't understand what it means to be a fine Christian lady. God has blessed her greatly and she appreciates it.

    May 23, 2008 04:58 pm at 4:58 pm |
  6. Allan

    Funny how there was no announcement that she was going to do this. Or, apparently, whether we're going to get any returns from prior years.

    I guess we should consider ourselves lucky to know this much.

    May 23, 2008 04:59 pm at 4:59 pm |
  7. David

    It is wrong to this trend of rejecting men of God. God's word is giving, they may not be acceptable into the eyes of men but it needs the wisdom of God to understand it.
    God used the king of Syria to punish the jews in the Bible.
    I think there is real wisdom in what thw pastor said about Hitler.

    May 23, 2008 04:59 pm at 4:59 pm |
  8. Travis (in the real world)

    Hello...does this make you feel real fuzzy?.....the books are cooked...she's letting you see what she wants you to see....let's go from there....a private jet ( with a pilot and crew paid years round...cost?)...the homes (yes I said homeS owned)...including off-shore....do they collect dust or are they maintained daily?...you answer...the yatch ( and crew to meet them whenever they want to use it.)...so she paid some taxes...how about the taxes she didn't pay....does she not fit under the people that don't pay taxes for money made?...hello....now CNN cut this third entry out...I'll keep sending it until it sticks.

    May 23, 2008 05:00 pm at 5:00 pm |
  9. Peace

    MCAIN'S WIFE DONT TRUST HIM WITH HER MONEY THERFORE I CANT TRUST HIM WITH MY COUNTRY

    SORRY

    OBAMA ALL THE WAY

    May 23, 2008 05:00 pm at 5:00 pm |
  10. Just Plain Tired - St. Louis

    Are you kidding me? I am a single parent who has had to tax shelter every dime of my little old teacher's salary raises for the last 5 years to keep my tax rate down. I don' give a fat rat's behind about John McCain other than respect for him as another human being and a war veteran. In an attempt to rechannel my immediate discontentment with her tax returns, I will give her credit for supporting her husband in the face of the nightmare that is those cherished extremist evangelical preacher/Gods. I'm sure she thought this would defray some of the possible damage their little words of hate might cause him. Now that I feel better, I will resume ignoring and dismissing the republican party.

    May 23, 2008 05:01 pm at 5:01 pm |
  11. Alice

    I could live out my years on her deductions alone . . .

    May 23, 2008 05:02 pm at 5:02 pm |
  12. Eric

    What in the heck is SLO Bear talking about???

    That is like saying this story just goes to prove the McCain's racism.

    Actually, Cindy McCain having 6 million dollars a year in income puts the McCains in much more "elite" company.

    Perhaps SLO Bear is 71 years old like McCain and is begining to get a bit senile. Or, SLO Bear is just an idiot.

    Obama '08!

    May 23, 2008 05:03 pm at 5:03 pm |
  13. walex

    i think she said is not going to release her tax returns why changing her mind now?pls be striaght forward.

    May 23, 2008 05:04 pm at 5:04 pm |
  14. kaye

    She didn't file with her husband and shouldn't have to prove anything to you idiots in the media.

    Wolfe and Jack should release their returns and their health records.

    May 23, 2008 05:04 pm at 5:04 pm |
  15. jonny

    Didn't she say she would NEVER release any of her tax returns? And if she changed her mind, why only release 2 pages? The point of releasing tax returns is to see where all the income comes from and goes to. Releasing only a part of her tax returns still makes her look suspicious...maybe even more suspicious than if she didn't release them at all.

    May 23, 2008 05:05 pm at 5:05 pm |
  16. Kim J

    Darth, if you are paying 35% in taxes you need a new accountant. Maybe it just seems like you pay that much. More likely you pay about 20-22%. Much of Mrs. McCain's income is likely from capital gains from investments and the maximum tax bracket for that is 28%.

    I think the question you should have asked is: "How many people on the blogg pay $1.7 million in taxes."

    May 23, 2008 05:06 pm at 5:06 pm |
  17. Larry

    Good for her.

    May 23, 2008 05:06 pm at 5:06 pm |
  18. If not Hillary, then Obama

    An heiress to a huge company. That's not elitism at all.

    Wait, it is!!!! So is owning 10 houses like she does!

    May 23, 2008 05:08 pm at 5:08 pm |
  19. response to Darth idiot

    She donates more than either democratic nominee. It's called a tax write off... MORON.

    May 23, 2008 05:10 pm at 5:10 pm |
  20. Peter Damoah-Afari

    How about 2007? Thieves...................your deals will come out.

    May 23, 2008 05:12 pm at 5:12 pm |
  21. Good, she released her returns

    It's good to see her releasing tax returns, she paid her debt. Now why can;t Obama release all his senate years tax returns, he just released 1 year tax returns & pleased idiotic people with his rhetoric, why is he afraid to release all his senate years returns.

    He funded his wife's hospital with large sums, why is he afraid to release details of funds. After his large sums of funds, she received promotion & spike in her salary. See all his empty eloquent words don't matters, because he is just oppurtunist & intimidated to solve america's problem when he was in senate.

    May 23, 2008 05:12 pm at 5:12 pm |
  22. dd L.B,CA

    Sounds suspicious, first she was not going to release them at all, now just comes out with them. Everthing I heard was she was worth maybe even as much as 100 mil, as heiress of the beer distbr. I am sure somebody will stay on it, to make sure there is not another set of books & we are looking at the ones "for show."

    May 23, 2008 05:12 pm at 5:12 pm |
  23. Anita

    $570,000 in itemized deductions... really, let us see the breakdown

    May 23, 2008 05:14 pm at 5:14 pm |
  24. sherrie50

    They file separate returns per prenupial. It is not American's business. Aren't there more important issues to be concerned about.

    May 23, 2008 05:14 pm at 5:14 pm |
  25. FreshAir

    that is a very good photo – the color fidelity has captured her makeup mask. awesome!

    May 23, 2008 05:14 pm at 5:14 pm |
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