24 May 2008

It depends on what the meaning of "earned" is

Without much fanfare John McCain's stinking rich wife has released two pages of her tax returns from one year only. The release comes after she said that she would never release her returns as a "privacy" issue. According the the McClatchy story Mrs. McCain "earned" more than $6 million in 2006. However when one reads the fine print one finds that slightly less than $300 thousand of this was salary and the balance of her "earnings" came in the form of income from partnerships, royalties, trusts and S corporations, capital gains and dividends. Nice work even if you don't have to do any of it!

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