Cindy McCain reports $4.2 million in '07 income - NY Times

[sixmile]

http://www.nytimes.com/aponline/us/AP-Cindy-McCain-Taxes.html?_r=1&oref=slogin

"Mrs. McCain, who files her taxes separately from her husband, paid $1.1 million in taxes, a tax rate of about 26 percent. She reported nearly $530,000 in itemized deductions."

26% tax rate. Too high. She feels your pain, America...

[crazylikafox]

1. That's why McCain said that middle class was under $5million

This is just too funny. He said that after he saw Cindy's tax return

[sixmile]

2. This is INCOME. Not net worth.

Top .01% in the world make $4.7 million yearly. No wonder they don't want to pay capital gains taxes.
BTW, this is all passive income (dividends, etc.) meaning she sits on her ass and collects checks.

Congrats on hitting the genetic lottery, ma'am.

[AlCzervik]

3. me too, i got a check for $5.49 from the home depot stock i own, now i can finally

buy that Pennysaver i've been eying!

[pnwmom]

4. Right -- but income was what McCain was talking about, when he said

that you're rich if you're making more than $5 million a year.