CNN reports that Cindy McCain had over $500,000 in itemized deductions in this year’s tax return. That probably means that she gave a lot of money to charity, but goddamn is a lot of money to be writing off.
About The Author
BooMan
Martin Longman a contributing editor at the Washington Monthly. He is also the founder of Booman Tribune and Progress Pond. He has a degree in philosophy from Western Michigan University.
14 Comments
Recent Posts
- Day 14: Louisiana Senator Approvingly Compares Trump to Stalin
- Day 13: Elon Musk Flexes His Muscles
- Day 12: While Elon Musk Takes Over, We Podcast With Driftglass and Blue Gal
- Day 11: Harm of Fascist Regime’s Foreign Aid Freeze Comes Into View
- Day 10: The Fascist Regime Blames a Plane Crash on Nonwhite People
There is a very big question, that might not ever be answered.
John McCain is a compulsive gambler. He’s lost or won tens of thousands, in roulette sessions of 14 hours or more!
If he won or lost, the winnings are charged against losses on a tax return. But if his wife provides the stakes, and he loses, he can’t do both when he files separately…but then there’s the issue of whether an Indian casino would issue a 1099 to a senator Sugar Daddy (“Do you realize who I am…”)
Look carefully!
McCain’s gambling problem should be more of an issue.
Seriously? 14 hours of roulette? Who the hell can play roulette for 14 hours? Do you have a link to that story – I have a hard time believing that McCain can even stay awake for 14 hours at a stretch anymore. Did you see how tired the man has been during the debates? For all three of them he was good for the first hour or so and then he started to really lose it – 10pm must be his bedtime or something.
Roulette and craps. Jeebus. If we’re going to have a gambler as a president, can’t he at least favor a game that requires some thought and some strategy? Poker or something? yeesh.
Investing in the Stock Market is also gambling. How many Washingtonian insiders, including our Senators and Representatives, gamble in the Stock Market?
Playing craps is just more up front and blue-collar than white-collar gambling in New York.
Eh. The stock market can be like gambling, but it’s closer to poker than it is to craps. You do your research, you choose which risks to take and which to minimize, you watch trends, you watch your fellow “players” and see if you can figure out their tells. There’s chance involved, but it can be mitigated with intelligence and research. (Some idiots insist on treating the stock market like craps or the lottery – those folks lose big money to folks who know it doesn’t work that way.) This is how Warren Buffet made something like 8 billion dollars in the last few months while other “players” lost their shirts.
With craps you roll your dice and take your chances. There’s very little risk mitigation that can go on once you’ve thrown the dice. Roulette is even worse.
But most investors don’t spend their entire working week following stocks, doing research, staying in touch with trends. Investing for most people is not a job, but an investment — putting away personal profits hoping it will grow enough so that college tuitions can be paid, and retirement can be comfortable. Many of us call that a 401-K, and the amount of time investors spend with their investment is the quarterly report they get sent; they look at the change in it’s value when opening the mail, before sitting down for dinner and watching teevee. The next day, it’s a short report to family or close friends, and the third day, it’s forgotten until the next statement.
Most people can’t handle 2 professions at once, and to be dilligently successful in the Stock Market, one really should be there full-time. Do you think Senator Schumer has time for that? No, he hires a brokerage firm, and they take their cut, but he’s trusting and blind to their machinations with his investments.
Buffett is an exception to the rule. Most investors are passive.
It’s actually craps.
What a crappy sport he is!
A game that BooMan knows something about, I believe. 😉
Yes. And I always remind people WHO I AM when I’m playing.
Sorry no link, but it happened in Puerto Rico and during that time was reported to be extremely abusive to people
Major issues; if he’s playing on wife’s money and losing it, he may be trying to take winnings off of losses (IRS reports net) but you can’t use someone else’s losses to offset your winnings, so it’s a felony.
No linky?
She released the tax records. She is a very rich woman, and gives large amounts to charity.
I see nothing wrong with that, and don’t see why it should be criticized.
There are a lot of conservative organizations who masquerade as charities.