Millionaires and Billionaires, The 50 Richest Members of Congress (2011)
The 50 Richest Members of Congress (2011)
To determine the richest lawmakers, Roll Call adds up the minimum value of total assets reported by each Member on their annual financial disclosures and subtracts the minimum liabilities. Percent change refers to the change since last year's disclosure forms.
An asset valued at $5 million to $25 million is counted at the lesser amount, as is a liability valued at $1 million to $5 million.
You can visit previous editions of 50 Richest lists here.
I don't begrudge anyone money. Some of these persons ran great businesses. Some inherited. $10 mill is not a big deal at the bottom end.
But what the hell is Herb Kohl doing with over $100 mill in liabilites? Kerry - $30+mill? Most seem to know how to handle THEIR money - little or no liabilities. When they get OUR money, watch out. LOL.
[QUOTE=bitonti;4109555]thread title is misleading there are no billionaires in congress.[/quote]
You'll have to take your objection up with President Obama and tghe Democrat Party. For some time, in discussing tax rates, they have been describing anyone who makes over $250,000 as "millionares and billionaires".
[quote]I know people are going to talk about the 50% who pay no income tax, well 2 wrongs don't make a right. tax em all.[/QUOTE]
Another issue you will need to takeup with your own party.
[QUOTE=Warfish;4109567]You'll have to take your objection up with President Obama and tghe Democrat Party. For some time, in discussing tax rates, they have been describing anyone who makes over $250,000 as "millionares and billionaires".
you are wrong about this. Obama talked about rolling back the tax cuts for millionaires and billionaires, but keeping them for those making more than 250k. the 250k figure was from the polling, when ABC news asks people should taxes be raised on the rich they use over 250k as rich. but the politics have changed, there is a place for tax cuts for 250k and no tax cuts for 1 million and above.
[QUOTE=bitonti;4109555]thread title is misleading there are no billionaires in congress.
the tax cuts for mega rich have to end. whether they are in congress or not
I know people are going to talk about the 50% who pay no income tax, well 2 wrongs don't make a right. tax em all.[/QUOTE]
Amazing, but this in an area where you and I may possibly share common ground.
1. Tax them all - yes. Minimum of 10% of income.
2. Compensation. No lower payment in dividends (15%), options, bonuses, loans, health insurance, cars, life insurance, house, boat, trips. Anything other than bare bones health insurance has to be taxed. And taxed at the person's regular rate. If it's a dividend from your own company - full tax. Retirement plan contributions by the company - taxed as income. Anything you get from the company should be taxable except employee only health insurance at the lowest level of coverage. Higher and family coverage taxed. That's closing serious loopholes.
Nancy Pelosi Reported Net Worth Triples in Last Two Years
[QUOTE]It's nice to know someone is prospering during the 'Obama years'. The rest of us are watching our home values and retirement investments plummet.
Minority Leader Nancy Pelosi (D-Calif.) reported a minimum net worth for 2010 that was more than 50 percent higher than the prior year, according to personal financial disclosure forms made public by the Clerk of the House on Wednesday.
Speaker John Boehner (R-Ohio) also saw a healthy growth in his minimum net worth, but the total change in his case is in the hundreds of thousands of dollars, while Pelosiís is in the millions.
Pelosi, who ranks among the 50 richest Members of Congress, reported $43.45 million in minimum assets, according to financial disclosure reports released Wednesday. That marks an increase of more than $13 million in assets from 2009.[/QUOTE]