Breaking: McCain's California home in tax default; havn't paid taxes in four years [View All]

[TeamJordan23]

Newsweek is set to publish a highly embarrassing report on Sen. John McCain, revealing that the McCains have failed to pay taxes on their beach-front home in La Jolla, California, for the last four years and are currently in default, The Huffington Post has learned.

Under California law, once a residential property is in default for five years, it can be sold at a tax sale to recover the unpaid taxes for the taxpayers.

The McCains own at least seven homes through a variety of trusts and corporations controlled by Cindy McCain.

McCain campaign scrambling... Developing...

http://www.huffingtonpost.com/2008/06/28/mccains-failed-to-pay-tax_n_109785.html