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McCains Defaulted On Home Taxes For Last Four Years, Newsweek Reports

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posted on Jul, 2 2008 @ 02:13 PM
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McCains Defaulted On Home Taxes For Last Four Years, Newsweek Reports


www.huffingtonpost.com

Newsweek is set to publish a highly embarrassing report on Sen. John McCain, revealing that the McCains have failed to pay taxes on their beach-front condo in La Jolla, California, for the last four years and are currently in default, The Huffington Post has learned.

Under California law, once a residential property is in default for five years, it can be sold at a tax sale to recover the unpaid taxes for the taxpayers.

The McCains own at least seven homes through a variety of trusts and corporations controlled by Cindy McCain.

UPDATE: Newsweek's story is now online. The report notes that the McCains paid the bulk of their back taxes yesterday, but continue to owe additional taxes:

When you're poor, it can be hard to pay the bills. When you're rich, it's hard to keep track of all the bills that need paying. It's a lesson Cindy McCain learned the hard way when NEWSWEEK raised questions about an overdue property-tax bill on a La Jolla, Calif., property owned by a trust that she oversees. Mrs. McCain is a beer heiress with an estimated $100 million fortune and, along with her husband, she owns at least seven properties, including condos in California and Arizona. [...]
(visit the link for the full news article)




posted on Jul, 2 2008 @ 02:13 PM
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this doesn't surprise me since his military record is just as pathetic and his wife looks like a dominatrix.

www.huffingtonpost.com
(visit the link for the full news article)



 
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