John McCain-Pay for your Kid's Elite School By Claiming Tax Breaks for CharitySomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

John McCain-Pay for your Kid's Elite School By Claiming Tax Breaks for Charity
 


29 February 2008 at 10:21:03 AM
salon

McCain is such a crook.

...he is essentially the sole donor to the John and Cindy McCain Foundation, and his wife is its chairman and president. 

Between 2001 and 2006, McCain contributed roughly $950,000 to the foundation. That accounted for all of its listed income other than for $100 that came from an anonymous donor. During that same period, the McCain foundation made contributions of roughly $1.6 million. More than $500,000 went to his kids’ private schools, most of which was donated when his children were attending those institutions. So McCain apparently received major tax deductions for supporting elite schools attended by his children.

McCain has four children with Cindy, all of whom attended prep schools in Arizona. Meghan McCain, McCain’s eldest child from his current marriage, went to Xavier College Preparatory. McCain’s foundation has given about $50,000 to the school, mostly during Meghan’s years there. Donations to Xavier have dropped off since Meghan graduated (in 2003 or 2004) and went on to Columbia University. For 2006, the foundation cut Xavier a check for just $25

Oh. So once his kid graduated, down went the charity amounts.

Collectively, McCain’s kids’ private schools rank as the largest recipient of his foundation’s money.


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