Estimating Elected Officials Net Worth
Estimating a lawmaker’s net worth is challenging because disclosure forms do not mandate exact values. Instead, lawmakers report the value of their assets and liabilities within specified ranges.
Therefore, it is almost impossible to accurately estimate net worth from filings, disclosure rules have shortcomings.
Personal residences, certain personal property, and federal retirement accounts are often not reported. Large assets can be listed in broad categories like “Over $1 million” or “Over $50 million,” potentially worth much more. Additionally, most Members of Congress earn $174,000 annually, but this isn’t required to be disclosed.
Just another case where these elites are exempt from the income filing and tax restrictions that the average person must abide by.