is mccain cheating on his taxes?
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Sen. John McCain has long said he is in robust health and is strong enough to hike the Grand Canyon, but he also is receiving what his staff Monday termed a "disability pension" from the Navy.
When McCain released his tax return for 2007 on Friday, he separately disclosed that he received a pension of $58,358 that was not listed as income on his return.
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Certain types of military and veterans pensions are either partially or completely tax-exempt, depending on the seriousness of the disability. In McCain's case, the exemption is 100%.
If McCain had to pay taxes on the full amount of the pension, it would have increased his tax bill by about $18,000 based on the percentage of his income he paid to the federal government.
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Robert Schriebman, a senior Pentagon tax advisor and tax attorney who recently retired as a judge advocate for a unit of the California National Guard asked, "If McCain can hike across the Grand Canyon, then why should he be getting disability payments from the government that are tax-exempt?"
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good question.
another good question raised in the article....if he qualifies for a full disability pension, how is he fit to be commander in chief?
John McCain gets tax-free disability pension - Los Angeles Times