The McCains Would Receive $55,000 A Year In Tax Breaks From McCain’s Capital Gains Proposal»

[babsbunny]

http://wonkroom.thinkprogress.org/2008/10/20/cindy-cap-gains/

Our guest blogger is Michael Ettlinger, Vice President for Economic Policy at the Center for American Progress Action Fund.

cindy.jpgOn Friday, the McCain campaign released Cindy McCain’s 2007 tax returns. Sadly for the McCains, Mrs. McCain shows over $1.8 million dollars less tax return income in 2007 than 2006. Of course, she still reported over $4 million of income ($4,197,028) which — when added to the Senator’s tax return income in 2007 ($405,409) — brought their total to over $4.5 million ($4,602,437 to be precise).

A large source of income for the McCains came in the form of capital gains. This is an example of how, though many people have capital gains income sporadically throughout their lives, the wealthy have them quite consistently and they constitute an important source of income. In 2006, the McCains reported a total of $743,476 in capital gains. In 2007 they reported $746,395.

[whistle]

1. Well, that's important at least we now know that McCain has selfish

...reasons for pushing his tax plan and not Obama's tax plan and so it was not just all about MCCain wanting to help only the wealthy :spray: :rofl:

[CrispyQ]

2. And that translates to what?

A cheap ankle bracelet for Cindy?