Robert Stein 1924-2014

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Friday, April 18, 2008

The McCains' Monied Modesty

We know many millions Hillary and Bill Clinton made (109 in eight years), but the family finances of John and Cindy McCain are none of our business, thank you very much.

In releasing the Senator's tax returns today, his campaign tells us: "Since the beginning of their marriage, Senator McCain and Mrs. McCain have always maintained separate finances. As required by federal law and Senate rules, Mrs. McCain has released significant and extensive financial information through Senate and Presidential disclosure forms. In the interest of protecting the privacy of her children, Mrs. McCain will not be releasing her personal tax returns."

So we are allowed to know that, for 2007, Senator McCain paid $84,460 in federal income taxes on taxable income of $258,800.

It's comforting to know that the McCain children's privacy is being protected. Chelsea Clinton is a grownup, and the Obama children don't stand to inherit all that much, unless their father loses this year and writes more best-sellers and goes on a lecture tour, so their financial privacy is not of such urgent concern.

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