Berkeley CSUA MOTD:Entry 49777
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2025/05/24 [General] UID:1000 Activity:popular
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2008/4/18-23 [Politics/Domestic/Election] UID:49777 Activity:moderate
4/17    McCain makes decent amount of money, but not rich:
        http://firstread.msnbc.msn.com/archive/2008/04/18/916355.aspx
        (US Navy Pension pays $58K a year? WTF?)
        \_ McCain, combined with his wife's wealth, is probably
           the third or so richest member of senate.
        \_ You didn't know military pensions pay very well?  That's one of
           the big incentives to stay in a long time.
           \_ except your exposure to carcinogens and other health
              risk factors go up significantly.
              \_ Umm, ok?  Also risk of capture, torture and death go up?
           \_ The pension usually pays 50% of active duty salary, but it
              varies with years of service. Free medical for life, too.
           \_ There are not too many jobs where you can retire after 20 years.
        \_ I make more money than him.                  -dotcomer
                                  \_ Him has better grammar than you.
                                     \_ Him did it!  Him's the one!
           \_ You made more than $418k in 2007? Hot damn, good for you!
           \_ He can get a law passed that will end your career in a heart
              beat.  Unless you're an AZ voter, you can't do squat.
              \_ except the dot comer is already rich and doesn't need a "job"
                 \_ One good tax law and dotcommer is in the poor house.
                    McCain: 2, Dotcommer: 0.
        \_ His wife, however, is completely loaded.  Remember when Kerry was
           being made fun of because all of his money came from the Teresa
           Heinz fortune?  I expect the media will be mocking McCain for this
           any day now....NOT.
           \_ I most of the stuff in that vein I saw was contrasting Kerry's
              words with his actions.  For example, he says "SUVs are evil"
              but owns one.  "Rich should pay more taxes" wife only pays
              14%, etc.
        \_ McCain is rich, but the money is locked up in his wife's beer
           company. He has a pretty sweet arrangement: married to a woman
           18 years his younger, who is also his sugar momma. Where can I
           find a woman like that?
           \_ No, the question is HOW DID MCCAIN DO IT? He must have
              secret mojo that we desperate sodans don't have. What does
              it take for us to get his secret mojo?
           \_ If I married a woman 18 years my junior I'd go to jail.
              Well, unless I did it in Yemen.
              \_ If I married a woman 18 years my junior I'd go to jail for
                 polygamy.
                 \_ Unless you did it in Yemen.
                 \_ Just upgrade, like McCain did.
              \_ You can marry a 14 year old in Alamaba, if you can talk
                 both parents into attending the wedding.
        \_ Can you imagine if Hillary tried to get away with what he's doing?
           "Oh, Bill's finances are separate and private, we're not going to
           release those."  One standard for Rs, another for Ds.
           \_ Wow. Just wow.  To borrow a phrase: epic fail.
              \_ epic fail
           \_ You have a short-term memory. Did Teresa release hers in 04?
               \_ At first she didn't and the press hounded her until she did.
               \_ She released a "summary."  Besides, we're still not
                  actually in the race yet, it's still the Dem primary.
                  Why would the press hound McCain now?  It is currently
                  not particularly news worthy.
                  \_ McCain has been getting away with murder for years.  I
                     expect the press to roll over for him in the general just
                     like they always have.  Reporters *love* him.
           \_ "Liberal" media.
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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firstread.msnbc.msn.com/archive/2008/04/18/916355.aspx
Web MSNBC First Read Search ABOUT FIRST READ First Read is an analysis of the day's political news, from the NBC News political unit. First Read is updated throughout the day, so check back often. McCain From NBC's Domenico Montanaro McCain released his tax returns today. In addition, no returns or summaries are included for wife Cindy McCain, who heads a privately held beer distribution company. Also note, John and Cindy McCain have filed separate tax returns for every year of their marriage except their first year, 27 years ago. On questions of transparency, the McCain campaign points out that the Arizona senator has filed financial disclosures while he has been in public life. The campaign cites Teresa Heinz Kerry, John Kerry's wife, as precedent for not releasing Cindy McCain's returns -- even though Heinz Kerry loaned money to her husband's campaign. But Clinton and Obama have both released their tax returns dating back to 2000 (Clinton released a summary for 2007, but not the full return yet), and Clinton further back than that, since the days her husband was governor of Arkansas in the 1980s. Additionally, the Clinton campaign has recently called on Obama to release his tax returns from 1997 to 1999 when he was an Illinois state senator. The presidential hopeful reported a taxable income of nearly $259,000 for 2007, a figure that does not include his wife's wealth . NBC's Kelly O'Donnell reports McCain reported taxable income of almost $259,000 on his 2007 tax returns. The Kerrys file separate tax returns, a common arrangement when one spouse is wealthy." Here's the release from the McCain campaign: ARLINGTON, VA -- Today, US Senator John McCain's campaign released his tax returns for 2006 and 2007. Senator McCain's tax returns show that he paid $157,231 in federal taxes for 2006 and 2007. In the past two years, Senator and Mrs McCain have contributed $340,323 to charitable causes. Below please find summary information about Senator McCain's 2006 and 2007 tax returns. To view the relevant documents, please see: BACKGROUND ON THE 2006 AND 2007 TAX RETURNS Senator and Mrs McCain have kept their personal finances separate throughout their 27-year marriage. Accordingly, they have for many years filed separate tax returns. However, their home state of Arizona is a community property jurisdiction. In community property states, individuals maintain a separation of all property brought to the marriage, or inherited during it, but share financial responsibility for other assets acquired through the efforts of each spouse during the marriage. This means that their tax returns report one half of each of their community property income and expenses (such as income each of them earn as salaries, Senator McCain's book royalties, and expenses attributable to both of them such as charitable contributions from community assets). Accordingly, Senator McCain's 2006 and 2007 tax returns contain a detailed "Statement A" showing the allocation of his and Mrs McCain's community property income and expenses to their respective tax returns (2006 - 2007). John McCain's 2006 and 2007 tax returns, including the community property income and expense allocation, are available for download below. This publication explains the community property filing rules for various states (including Arizona) and their effects on married taxpayers filing separate returns. View Charitable Contributions: Senator McCain donates his royalties from his books to charitable organizations. This sum has totaled over $1,800,000 since 1998 when he signed his first book deal. Senator McCain's book income of $256,898 for 2006 and 2007 is comprised of earnings for Faith of My Fathers, Worth the Fighting For, Why Courage Matters, Character is Destiny, and Hard Call. Beginning in 1991, Senator McCain has also donated the increase in his Senate salary for that year and each subsequent year to charity because he opposed the Congressional pay increase at that time and pledged not to accept the pay raises. The cumulative total of these donations is over $450,000. Most of Senator McCain's contributions were made to the John and Cindy McCain Family Foundation, which makes direct contributions to charities. The Foundation's tax returns for 2006 and 2007, which include a list of the charities to which Senator and Mrs McCain contributed through the McCain Family Foundation in 2006 and 2007, are available for download below. Note About Mrs McCain's Financial Information: 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. Note About Hensley & Company: In her role as Chairman of Hensley & Company, a privately-held business founded by her parents, Mrs McCain's main areas of responsibility focus on strategic planning and corporate vision. Having served the greater Phoenix area since 1955, Hensley & Company is widely respected as an exemplary corporate citizen, and makes significant charitable contributions of its own. Jay Biggs, fairfax, VA (Sent Friday, April 18, 2008 11:49 AM) Nice job John. What type of military pensions do Clinton and Obama pull down? Paul Watson, Bridgeport MD (Sent Friday, April 18, 2008 11:50 AM) Democrats really need to hammer on the 'separation' of their finances and how -- for some inexplicable reasons -- her wealth doesn't 'benefit' him. He used the same BS reasoning (along with a cheesy prenuptial agreement) to help get him off the hook for the Keating 5 as well, even though his was up to his butt in that mess. Les, Long Beach, CA (Sent Friday, April 18, 2008 11:50 AM) Pretty modest in comparison. Foxtrot (Sent Friday, April 18, 2008 11:50 AM) Here's a man that, unlike Clinton or Obama, has never had the royal treatment. What this country needs right now is a common man that understands the needs of the country. Annie Kornholt, Randle, MN (Sent Friday, April 18, 2008 11:53 AM) Sen Clinton only released a summary for 2007. tr (Sent Friday, April 18, 2008 11:53 AM) "In her role as Chairman of Hensley & Company, a privately-held business founded by her parents, Mrs McCain's main areas of responsibility focus on strategic planning and corporate vision." Pete - Albany, NY (Sent Friday, April 18, 2008 11:54 AM) Social Security Income: $22,104 $23,157 Why is a man who make $300,000 a year, + the multi-millions his wife pulls in, able to collect SSI? And more to the point, why isn't he refusing it so that someone who actually needs it can get it? Rob, AZ (Sent Friday, April 18, 2008 11:57 AM) Hillary won't release her public schedule from 2000-2007. Hillary won't release the names of foreign donors to the Clinton library. Jason (Sent Friday, April 18, 2008 11:57 AM) John McCain / Colin Powell 2008 No liars or racists in the WhiteHouse. Democrats need to wake up and realize thier party is so far left that it better represents the old USSR than America. RH Oregon (Sent Friday, April 18, 2008 11:58 AM) What is nice about McCain is that he doesn't have this so-called "celebrity" spouse. Getting a little tired of Democrats candidates spouses flailing around and looking like the goofs they are. Pam McBride, Salam, NC (Sent Friday, April 18, 2008 12:00 PM) Modest man? I'm sure he's not benefiting at all from his wife's beer fortune. I often picture him reflecting on his honest, modest all american life as he flys around the world on his own private jet with his billionare wife. Nothing like those well to do Democrats like that elitist Obama. Mark, Seattle (Sent Friday, April 18, 2008 12:11 PM) McCain is pulling a Keating 5 style of misinformation - his wife's wealth means he's living the life of luxury of an elitist! McCain is a flipp flopping angry old man who'll wet himself and then start WWIII over it! Pat Huntington NY (Sent Friday, April 18, 2008 12:11 PM) Where's the beer hubby stealer's tax returns? Time for her to fess up so we can see just...