Cindy McCain, wife of presidential hopeful Sen. John McCain, R-Ariz., has released the opening two pages of her 1040 return for 2006 after coming under pressure for refusing to provide details of the sources of her income.
The return showed that Mrs. McCain made more than $6 million in adjusted gross income in 2006. She paid over $1.7 million in federal taxes, at an average rate of 28.5 percent, and claimed almost $570,00 in itemized deductions. She received an extension on her 2007 return, and the campaign said she would probably release a summary of that return after it was filed.
Sen. McCain and his wife file their tax returns separately. Sen. McCain reported adjusted gross income of $386,527 in 2007 and paid $118,660 in taxes at an average rate of 30.7 percent. The senator released his returns last month, but Mrs. McCain initially declined to release hers (see McCain Releases Tax Returns and Cindy McCain Refuses to Release Tax Returns).
Mrs. McCain receives income from her role as chairman of Hensley & Co., a beer distributorship founded by her parents. Her worth has been estimated at over $100 million, according to the Associated Press.
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