The Homa Files

Just for yuks, here are the candidates most recent financials. 

McCain says it’s all his wife’s money, and what she does with her money is none of our business.  Hmmm.

Obama says he felt the middle class pain until the book deal. 

Question: Don’t Obama’s record high earnings fall into the category of a “windfall”, and shouldn’t his tax rate be at least as high as Exxon’s?

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http://taxprof.typepad.com/taxprof_blog/2008/04/mccain-releases.html

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http://taxprof.typepad.com/taxprof_blog/2008/03/obama-releases.html

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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).

http://www.johnmccain.com/mccainfinancial/

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This entry was posted on August 26, 2008 at 8:19 am and is filed under Government & Politics, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.