John McCain, who has clinched the Republican presidential nomination, reported $405,409 in income last year and paid $118,660 in federal taxes, according to tax returns made public today. He gave $105,467 to charity, the records show.
His campaign didn't release tax returns for his wife, Cindy, who is chairman of the Phoenix-based Hensley & Co., one of the largest beer distributors in the U.S.
"My wife and I, we have separate incomes, we have a prenuptial agreement, and her business is her business," McCain said in an interview. "I have never been involved in it since before I ran for the Congress of the United States, so I just feel that she has a right to a separate tax return."
Presidential candidates aren't required to release their tax information but typically do so voluntarily after they become their party's nominee.
McCain's income came from his $161,708 Senate salary, $23,157 in Social Security benefits, $176,508 in book royalties and a Navy pension. The remaining income comes from a share of his wife's income which, under Arizona's community property law, he must claim.