Despite efforts to paint themselves as Regular Joes who are touch with the day-to-day troubles of the average American, records show that neither Barack Obama nor John McCain is hurting for money.
McCain's tax returns showed a total income of $405,409 in 2007. According to her 2006 tax returns, Cindy McCain had a total income of $6 million. Her wealth is estimated by some at $100 million, based on her late father's Arizona beer distributorship. She has not released her 2007 returns, which she files separately from her husband.
Obama and his wife, Michelle, reported making $4.2 million in 2007.
In the 2004 campaign, Republicans tried to use wealth as a dig against Kerry even though President Bush and Vice President Dick Cheney were multimillionaires themselves. In 2005, Kerry reported a net worth between $165 million and $235 million, most of it controlled by his wife, Teresa Heinz Kerry.
In a forum last week with the Rev. Rick Warren, McCain was asked to define the word "rich" and to give a figure. After promoting his tax policies, McCain said: "I think if you are just talking about income, how about $5 million?" The audience laughed, and he added: "But seriously, I don't think you can I don't think seriously that the point is that I'm trying to make here, seriously and I'm sure that comment will be distorted but the point is that we want to keep people's taxes low and increase revenues."
Obama, asked the same question at the forum, said those making $250,000 and higher are in the top 3 to 4 percent and "doing well."
- Glenn Beck: Living large in Texas, and richer...
- Mitt Romney ready to claim GOP nomination...
- Mitt Romney clinches GOP nomination with...
- Many insurance plans fall short of law
- Mitt Romney promises world's strongest...
- Portland man choreographs elaborate proposal,...
- Polls show Barack Obama leads marginally in...
- Studies try to find why poorer people are...
- Glenn Beck: Living large in Texas, and...
63 - News analysis: From confidence to...
56 - Mitt Romney promises world's strongest...
35 - Maine churches fighting gay marriage
31 - Studies try to find why poorer people...
27 - Sarah Palin catches flak over her Orrin...
24 - The price of freedom: Nearly half of...
22 - Mitt Romney ready to claim GOP...
18






DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.
— About comments