Tax returns released by the McCain campaign show that Cindy McCain, wife of Republican presidential nominee John McCain, paid $1.1 million in taxes on nearly $4.2 million in adjusted gross income for 2007. She reported nearly $530,000 in itemized deductions.

John and Cindy McCain have maintained personal finances separately throughout the 28 years of their marriage. McCain himself released his own tax return last April, reporting a total income of about $4.05 million in 2007 and $84,460 in federal income taxes.

In comparison, Democratic rival Barack Obama and his wife, Michelle, made their returns public earlier this year, reporting $4.2 million in 2007 income, most of it profits from his books, ‘Dreams From My Father’ and ‘The Audacity of Hope’.

The heiress to a large Arizona beer distributorship, Hensley & Co., Cindy McCain had received an extension last April to file her 2007 tax returns. The McCain campaign said the extension was requested because she had not received all the information needed to complete the returns.

The McCain campaign only released the summary pages of Mrs. McCain's returns, thus offering limited information on her finances. She listed nearly $2.9 million in income from rental real estate, royalties, partnerships and trusts — a category that would include her investment income from Hensley & Co. She had reported $4.5 million in that category in 2006.

With the release of the 2007 records, the campaign opined that Cindy McCain had now more than met a standard established in the 2004 campaign when Theresa Heinz-Kerry, the wealthy wife of Democratic nominee John Kerry, released summary pages of her tax return.

A McCain spokeswoman, Maria Comella said: “John McCain is committed to the highest level of transparency which is why for the last 28 years, since Senator McCain first ran for office, all of the sources of his and Mrs. McCain’s income, and all of their assets, have been fully disclosed.”

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