October 3rd, 2008
04:09 PM ET
10 years ago

McCain-Palin campaign releases two years of Palin tax returns

 McCain-Palin campaign released Sarah and Todd Palin's tax returns.

McCain-Palin campaign released Sarah and Todd Palin's tax returns.

(CNN) - The McCain-Palin campaign released Sarah and Todd Palin's 2006 and 2007 tax returns Friday afternoon. The campaign says the Palins paid $36,682 in federal taxes for those years, and contributed $8,205 to charity. The campaign also released a financial disclosure report for Todd Palin.

Filed under: Sarah Palin
soundoff (644 Responses)
  1. 12 HOUSES to 0






    October 3, 2008 06:06 pm at 6:06 pm |

    Hmmm what took so long. They have to technology to spy right into the midst of your living room but it takes them forever to obtain their tax returns. Most civilized folks keep copies. So what is the hold up on the political figures tax returns?

    October 3, 2008 06:06 pm at 6:06 pm |
  3. Phil

    All of these comments below or like wolves craving blood. You will try to find anything dramatic or controversey to fill your need for negativity and fault finding in other people. I gaurantee a majority of people that leave these comments get their news straight from liberal sound bytes off of the media rather than fact checking and researching on their own! America is turning into the H.S. Campus searching for gossip and drama to share with their friends!

    October 3, 2008 06:06 pm at 6:06 pm |
  4. Dax

    Say it aint so Joe-sixpack but you voted for the bridge to nowhere before congress told you no and now you are/were against it. Can you please do it for our country

    October 3, 2008 06:07 pm at 6:07 pm |
  5. Becky in Indiana

    If she is such a Christian, why didn't she tithe 10% of her income?

    October 3, 2008 06:07 pm at 6:07 pm |
  6. Jeff

    @Cheryl, can we please investigate the voter fraud in Florida in 2000?

    @ Matt, Obama actually paid for the land he received from Rezko, it's already documented.

    Repugs need to get the facts straight, like McCain/Palin is going down in flames. Palin sounds more like Miss South Carolina than a VP candidate.

    October 3, 2008 06:07 pm at 6:07 pm |
  7. X-democrat for McCain

    What a excellent Person Gov. Palin is !!!! She is truely the right leader for the VP job!! Unlike that smoking freak Obama and Biden was so bad last night we could have Puked!!!

    GREAT leadership McCain and Palin2008!!!!!!!!!!!!

    October 3, 2008 06:08 pm at 6:08 pm |
  8. ahna

    If you think you're paying high taxes now then go ahead and vote for Obama. He still lacks experience and his ideas of "fixing" things is gonna cost all of us taxpayers. Sarah lacks experience too but she isn't running for President and time is on her side to learn more about being a VP. Joe Biden said it was the Patriot thing to do regarding paying higher taxes. I beg to differ. I don't know anyone out there with all the answers and until this "special" person somehow appears I will cast my vote for the one I feel will protect our country and help us heal and improve. At least we have the freedom to voice our opinions, it's ok to agree to disagree.

    October 3, 2008 06:08 pm at 6:08 pm |
  9. McHoover Would Destroy What's Left of America

    The rules to write off mileage are very strict with the IRS. I find it more than odd that their stated mileage used for a tax deduction is an even amount IE: 5000 miles

    You are required to document each trip with the beginning and ending mileage + the reason it is a business expense

    Not an accountant but it looks odd to me. I've owned my own businesses for over 30 years and never had a yearly mileage expense come out to a round number over and over.

    Looks like someone was guessing which is not allowed by the IRS.

    October 3, 2008 06:08 pm at 6:08 pm |
  10. Anne E.

    I don't care about their taxes; however, I DO care about McCain's.
    A man with 12 houses (or is it 11, now that one mansion is up for sale?) and 5-plus cars CAN NOT relate to me in any form or fashion.

    What I DO care about is TROOPERGATE. Let's hear the final report on that.
    This woman supposedly "delivered' at last night's debate - only because she talked non-stop and sounded coherent?
    It's not enough - she does not represent me, and she can't relate to me, either. Winks, folksy talk and claiming she's a "maverick" may cut it with small towns here in the West, but that's not what's needed in the White House. Period.
    Go home, Sarah, and tend to your family. They need you - we don't.


    October 3, 2008 06:08 pm at 6:08 pm |
  11. s

    That level of income is NOT Joe Six-Pack's. And they have the gall to call Obama elite! Palin said earlier their investments have taken something like a $20,000 hit. Lots of Joe Six-Pack families don't even have $20,000 in savings, let alone the roughly $200,000 Palin's took a hit from. Give us a break with all this "I'm-just-like-you" baloney.

    October 3, 2008 06:08 pm at 6:08 pm |
  12. Dan (Redmond, WA)

    Where's the rest of it? Isn't HE in the oil business? Isn't he a world champion snow mobile racer?

    This is BS

    October 3, 2008 06:09 pm at 6:09 pm |
  13. McHoover Would Destroy What's Left of America

    Cheryl . . . The Karl Rove tactics aren't going to work this time. People have wised up. Go back to watching your Fox News and leave those of us with a brain to keep track of reality.

    October 3, 2008 06:10 pm at 6:10 pm |
  14. conny from mayville wi

    I watched the VP debate last night. Sarah Palin talked in circles. I really hope the women of this country do not vote for her just because she is a women. God help us if they do. IF McCain/palin wins what will happen if the old guys dies(god forbid) but really, we as American people really need to think about that. Do we really think this women can run this screwed up country? I don't. Yes, we do need a change but not to that extent. I had to turn off the debate several times, I just couldn't listen to her anymore. I feel the same way when I hear baby Bush talking. I for one am sick of feeling like that when the leader of our country is talking. To many blunders and to many cover-ups is what we have been dealing with for eight years now. We need honesty and truths. I don't think we would get that if we have democrats in office. I don't see anything getting better if we don't change over.

    October 3, 2008 06:11 pm at 6:11 pm |

    Too ALL those who feel like Palin and Biden did not live up to the hype. GET A LIFE AND CLUE. This is not about hype. And might I remind you, it was the media who was hyping up this debate.

    Your concerns should be more about substance than about hype. This is not a CONCERT!!!! ITS AN ELECTION.

    October 3, 2008 06:11 pm at 6:11 pm |
  16. McCain/Palin

    all you close-minded liberal posters never cease to amaze me. first, it is the non-stop whining that she won't release her tax returns; and now that she has released them you say who cares if she donated over $8000 to charity. is it a liberal requirement to be angry about something all the time???

    October 3, 2008 06:12 pm at 6:12 pm |
  17. Jeannie in Maryland

    Who cares, its over for McSame.
    I think Palin is GREAT, for the democrats.

    October 3, 2008 06:13 pm at 6:13 pm |
  18. Republican for Obama

    "How can you Obama people keep ignoring the facts about your candidate….one after the other, questionable people and organizations he's tied to! Please, wake up and seriously check out his affiliations before it's too late..one day you'll wake up and the GREAT United States will be something totally differnent and not in a good way!"

    Cheryl, are you serious? Can you say "Keating 5"? Please check who your OWN candidate is tied to and then get back with us Obama supporters. I have never in my life witnessed such blatant lies over and over again. The McPain – McSame campaign is exhausting and I cannot wait until November 5 when we're dancing in the streets with a Obama-Biden victory. THEN we will be able to sleep peacefully.

    October 3, 2008 06:15 pm at 6:15 pm |
  19. Maria - WA

    Where's the remaining years? We want 10 years not 2. Also, how much of McCain's income is hidden in Cindy's returns. They file separately do avoid full disclosure.

    Palin's performance last night was totally unprofessional. Call-outs and winks???

    It's time for MEET THE PRESS where Sarah will actually have follow-up questions. It's more difficult to memorize scripts for those. Remember Couric? She asked SIMPLE follow-ups and Sarah freaked out and is now calling her unfair.

    BTW, Sarah – when memorizing scripts, it's also important to memorize what questions would apply to them. You just regurgitated talking points that did not usually fit the question – thus, avoiding answering the question. Did you think we would not catch that??

    October 3, 2008 06:15 pm at 6:15 pm |
  20. z


    You're right. She didn't give any money to Richard Wright. She gave it all to Thomas Muthee to help him burn witches!!!!! In this day in age, WITCHES!!!!!

    October 3, 2008 06:15 pm at 6:15 pm |
  21. Rahn Hasbargen New Brighton, MN

    The base salary for the Alaska Governor is $125,000 per year, meaning between the fishing net income, the part time work with BP, and every other source of income, that leaves $41K of income from all sources for 2007. The per diem is lieu of an expense reimbursement, meaning it is NOT taxable income (this is why politicians like to "hide" salary as per diem). The fishing equipment expense is in the Schedule C expenses as part of his business enxpenses that gets Todd to a $15K net business income. As an acccountant myself, I see nothing extraordinary in the two years of disclosed returns. In fact, outside of the Governor's income, it is a VERY nondescript return. Most Governors make more income, and just about every Congressperson and Senator does too. I just do not think you can have a lower income and still have a job that minimially qualifies you for the presidency or vice presidency, except for coming straight out of the military.

    October 3, 2008 06:15 pm at 6:15 pm |
  22. Mel in GA

    @ JOEY

    Well she can afford to give $8K to charity they do not purchase too many groceries especially since they hunt for most of there moose burgers!!!!

    October 3, 2008 06:16 pm at 6:16 pm |
  23. Anita, New York

    Didn't Biden say in too many words that it is considered patriotic to share your hard earned money with the unfortunates when you pay higher taxes.... but who among the four candidates are more patriotic knowing the factoid below vis-a-vis charitable contributions. Apparently, both Obama and Biden are not walking the walk and not talking the talk! Compare and contrast!

    Sarah and Todd Palin had a gross income of nearly $170,000 last year and paid nearly $25,000 in taxes. The couple made nearly $130,000 and paid about $12,000 in taxes in 2006 and donated more than $8,000 to charity over two years.

    The Bidens had an adjusted gross income of $319,853 in 2007, including his Senate salary, book royalties, and his wife’s salary as an English teacher. But their charitable gifts totaled $995 — just 0.31 percent of their income, according to the TaxProf Web site.

    The year before, they earned $248,859 and donated just $380, or 0.15 percent of their adjusted gross income. Over the past decade they reported giving an average of $369 a year to charity, Bloomberg.com reports.

    According to Independent Sector, the average annual charitable donation among households earning in excess of $200,000 is $20,434.

    The Bidens’ “lack of charitable giving at that level of income would definitely be outside the range of what we say is normal,” Russell James, a professor at the University of Georgia who conducts research on charitable giving, told Bloomberg.

    Republican presidential nominee John McCain’s tax returns show he had an adjusted gross income of $386,527 last year and had charitable givings of $105,467, or 27.3 percent of income.

    His wife Cindy files separately. His Democratic rival Barack Obama had $4.13 million in income in 2007 and gave $240,370, or 5.8 percent.

    October 3, 2008 06:16 pm at 6:16 pm |
  24. Mike T. Vaughn

    She is still a Cheerleading Idiot and worse a Misinformed Liar!!!!! No bar set in the debate for her. So she didn't even have to pick up her feet to cross over it!!!!!!!!

    October 3, 2008 06:17 pm at 6:17 pm |
  25. elle

    Please people, remember that Joe Biden ran for President more than once and lost in the primaries every time! Why was that??? If you people think that Obama and millionaire Biden have your best interest at heart, please think again. Just look at their voting records. Change you say, exactly how long has Biden been in the Senate? That's not change. Biden certainly doesn't represent me-he's a millionaire.

    October 3, 2008 06:18 pm at 6:18 pm |
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