You can search your Congressman or Senator here.Land of the free, home of the … rich Congress. Just as Congress is set to take on long-term unemployment benefits, the minimum wage, and food stamp legislation, they are also the richest they have ever been as a group. For the first time ever, most members of Congress are millionaires, according to a new report from the Center for Responsive Politics.At least 268 of the 534 current members of Congress had an average net worth of $1 million or more in 2012, which amounts to just over half. The congressional median net worth was $1,008,767.Democrats edged out Republicans just slightly, with a median net worth of $1.04 million to $1 million respectively.
Showing posts with label Millionaires. Show all posts
Showing posts with label Millionaires. Show all posts
Friday, January 10, 2014
How much is your Congress Critter worth?
You might be surprised. Most are millionaires or well on their way.
Saturday, December 29, 2012
Millionaire tax ruled unconstitutional in France...
Barack Obama hardest hit...
Via Bloomberg:
Via Bloomberg:
President Francois Hollande’s 75 percent millionaire-tax is unconstitutional because it fails to guarantee taxpayer equality, France’s top court ruled today.
The tax, one of Hollande’s campaign promises, had become a focal point of discontent among entrepreneurs and other wealth creators, some of whom have quit French shores as a result. The ruling comes as the president seeks to cut France’s public deficit to 3 percent of gross domestic product next year from a projected 4.5 percent this year.
“Politically, this has an impact because it was a symbol for French public opinion, and was considered abroad as the emblem of French tax excess, of French tax hell,” said Dominique Barbet, senior economist at BNP Paribas SA in Paris. “In deficit terms, it’s truly negligible.”
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