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For this entire presidential campaign, the media have been waiting for John McCain’s famous temper to explode. A few small examples have been reported without anyone trying to make a big deal about it. The rule seems to be that if he can keep it bottled until November 5, he’s home free. But if he explodes in the interim, it becomes an official issue. This isn’t completely nuts. If he can’t hold it in for just the few months he is under maximum scrutiny, then he has a real problem. Otherwise, hey—Bill Clinton also had a temper, it was said, along with other uncontrollable passions.

Until recently this anger business didn’t bother me much. There is a lot to be angry about. Furthermore, I was not confident that McCain’s anger passed the whose-ox-is-gored test: As an Obama supporter, would I be equally alarmed if my preferred candidate had anger issues? (Which some folks say he does, by the way.) Then I heard the following story. 

“DON’T TOUCH ME,” he repeated viciously. “DO YOU KNOW WHO I AM? DO YOU KNOW WHO YOU’RE TALKING TO?”

It comes in an email from my friend Jeff Dearth, a media investment banker and former publisher of The New Republic. We also went to junior high and high school together in Michigan. He would not make this up. In 2005, Jeff attended a magazine industry conference at a casino hotel in Puerto Rico. (I was there, too, though not a witness to what follows.) The guest speaker was McCain. He put on a terrific performance, breaking up the friendly crowd by referring to journalists as “my base.” (To anyone who remembers this period in McCain’s history, his attempt this year to paint Barack Obama as Britney Spears or Paris Hilton because Obama is now the media darling seems especially cheap.)

McCain’s game is craps. So is Jeff Dearth’s. Jeff was at the table when McCain showed up and happily made room for him. Apparently there is some kind of rule or tradition in craps that everyone’s hands are supposed to be above the table when the dice are about to be thrown. McCain—“very likely distracted by one of the many people who approached him that evening,” Jeff says charitably—apparently was violating this rule. A small middle-aged woman at the table, apparently a “regular,” reached out and pulled McCain’s arm away. I’ll let Jeff take over the story:

“McCain immediately turned to the woman and said between clenched teeth: ‘DON’T TOUCH ME.’ The woman started to explain…McCain interrupted her: ‘DON’T TOUCH ME,’ he repeated viciously. The woman again tried to explain. ‘DO YOU KNOW WHO I AM? DO YOU KNOW WHO YOU’RE TALKING TO?’ McCain continued, his voice rising and his hands now raised in the ‘bring it on’ position. He was red-faced. By this time all the action at the table had stopped. I was completely shocked. McCain had totally lost it, and in the space of about ten seconds. ‘Sir, you must be courteous to the other players at the table,’ the pit boss said to McCain. “DO YOU KNOW WHO I AM? ASK ANYBODY AROUND HERE WHO I AM.”

This being Puerto Rico, the pit boss might not have known McCain. But the senator continued in full fury—“DO YOU KNOW WHO YOU’RE TALKING TO? DO YOU KNOW WHO I AM?”—and crisis was avoided only when Jeff offered to change places and stand between McCain and the woman who had touched his arm.

What is bothersome about this story, if it’s true, is only partly the explosive anger. More, it’s the arrogance. At the craps table, who cares who he is? And there’s the recklessness of such a performance in a casino full of journalists (unless McCain absolutely couldn’t control himself, which is even scarier). But this gamble paid off. Although there were published reports that McCain had gambled late into the night, which properly treated that matter as charming, this particular episode has gone unreported until now. Maybe no journalist saw it. Or maybe this illustrates the unwritten rule of political journalism that all human-interest anecdotes must reaffirm a previously established belief. Arrogance is something McCain is not known for. Quite the opposite. Logic might dictate that an anecdote showing that, say, Obama has webbed feet would be more interesting than one showing that he is a skinny guy with big ears. But that’s not how it works.

Jeff Dearth is not an extreme partisan or an activist for either candidate. He supports Obama, in part because he is truly alarmed at the thought of the arrogant hothead he saw becoming president. (“I’d happily gamble with Senator McCain again,” he says, “but I definitely wouldn’t gamble on him.”) It alarms me, too. John McCain is the best Republican presidential candidate of my lifetime. But a performance like this would give me pause about supporting a candidate of either party.

Source: DailyBeast

McCain we hear is more that partial to a game of craps – but where’s the gambling man’s winnings and losses – accounted for on his tax returns? Is McCain being dishonest? Has McCain acted legally?

Senator John McCain is a gambler. If I’d known that right away I would have immediately seen what was wrong with his tax returns.

I am a tax attorney, so a tax return means more to me than it would to most. I reviewed McCain’s tax returns as a basic check on the candidates. You can look at McCain’s 2006 and 2007 tax returns for yourself. The tax returns are below a lot of verbiage about his charitable activities.

According to a New York Times article of September 27, 2008 “For McCain and Team, a Host of Ties to Gambling,” reported by Jo Becker and Don VanNatta Jr., McCain gambled at the MGM Grand in May 2007.

Apparently McCain is a habitual gambler; he usually plays craps. He even says, “I am a gambling man.”

Gambling has tax implications. According to IRS Publication 17, “Your Federal Income Tax”, 2007 edition, page 89 “Gambling Winnings. You must include your gambling winnings in income on Form 1040, line 21. If you itemize your deductions on Schedule A (Form 1040), you can deduct gambling losses you had during the year, but only up to the amount of your winnings.” In other words, you can’t subtract your losses from your winnings and just not report. You have to report the winnings, and then claim the losses.

But McCain’s tax returns say nothing about gambling winnings or losses.

As a casino gambler, McCain is likely to have lost more than he won. But by not reporting his winnings, the different percentage calculations built into the tax calculation are thrown off, and if he gambled much at all, he has underpaid his tax. The amount of understatement of tax may be minimal, but that’s not the point.

The real purpose of preparing his tax return and omitting the gambling winnings is so that people would not know how much he gambled. If he won $200,000 playing craps in Las Vegas, it would make a difference in the way voters viewed his suitability as a presidential candidate.

There are circumstances under which the tax returns could be correct, such as McCain gambled once in 2007, not at all in 2006, and lost everything the one time he gambled. Such an explanation is unlikely in light of McCain’s alleged long history of gambling.

I think we are looking at tax returns calculated to hide an aspect of the candidate. My 35 years of experience in taxes tells me these tax returns are wrong, and we do not know the true scope of McCain’s gambling or of his potential obligations to gambling enterprises.

Source: HP

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