New house speaker's latest financial disclosure

[Rambunctious]

Take your red herrings elsewhere. This is a topic about Mike Johnson's finances.

How does it feel jackass?....

 

[g5000]

I'm not that stupid we know what it was....

No. "I want to bleev it, so it must be true!"

Now take your red herrings somewhere else if you can't stay on topic about Mike Johnson's finances.

 

[Rambunctious]

No. "I want to bleev it, so it must be true!"

Now take your red herrings somewhere else if you can't stay on topic about Mike Johnson's finances.

It is true... the Biden family are crooked as hell... everyone knows it and now finally the people know it too... only 7% of registered voters want Biden to be president again....

 

[g5000]

It is true...

No. "I want to bleev it, so it must be true!"

 

[Marener]

Receiving checks without paying an income tax is....

Only if it’s income. Loan repayments aren’t income.

selling access to a federal elected employee is illegal to.

Name the law.

 

[Marener]

Maybe Joe shouldn't have gone after Trump.... don't accuse people of a crime when you're guilty of worse....

If Comer could prove he’s guilty, he wouldn’t be demanding Biden prove he’s innocent.

You are putting your faith in a bunch of clowns.

Again.

 

[g5000]

He has to have a bank for direct deposit of his government check.

A non interest bearing bank account does not have to be disclosed.

Specific Disclosure Requirements

Who Must File Spouse and Dependent Information Income Transactions Liabilities Gifts Travel Reimbursements Positions Agreements Compensation in Excess of $5,000 Paid by One Source Trusts The Ethics in Government Act mandated annual financial disclosure by all senior federal personnel, including...

ethics.house.gov

Interest-bearing savings accounts valued at more than $1,000 must be disclosed only if all such accounts total more than $5,000 in value. Savings accounts include certificates of deposit, money market accounts, or any other form of deposit in a bank, savings and loan association, credit union, or similar financial institution. Non-interest-bearing checking accounts, on the other hand, need not be disclosed since they produce no income. Financial interests in United States government retirement programs (e.g., the Thrift Savings Plan) need not be reported.

 

[g5000]

So, he spends his money on what?

Two college tuitions, two homes, a mortgage, a HELOC, groceries, utilities. Possibly a 10 percent tithe to his church. I don't know if his youngest kids are in a private schools, but that would be more tuition.

It adds up.

Any cash he has may be in a non interest bearing account, and that does not have to be disclosed.

His tax returns would be more revealing than a financial disclosure.

I smell an overseas bank account hiding things!

"I want to bleev it, so it must be true!"

 

[Rambunctious]

If Comer could prove he’s guilty, he wouldn’t be demanding Biden prove he’s innocent.

You are putting your faith in a bunch of clowns.

Again.

Defaming?... what are they doing to Trump?... Biden is guilty as fuck and I'm going to enjoy watching him get beat by Trump...

 

[Marener]

Defaming?... what are they doing to Trump?... Biden is guilty as fuck and I'm going to enjoy watching him get beat by Trump...

They’re not asking Trump to prove his innocence. They’re proving he’s a fraud with evidence.

Comer can’t do that. If he could, he would have done so by now.

 

[Rambunctious]

Only if it’s income. Loan repayments aren’t income.

Name the law.

Can I give a gift of $200,000 to my daughter this year and another 300,000 next year if the limit is under 5 millions in the whole life? Do I have to pay tax?

How many times in my whole life can I give a gift to my son if it does not exceed 5 millions?

ttlc.intuit.com

 

[Rambunctious]

If Comer could prove he’s guilty, he wouldn’t be demanding Biden prove he’s innocent.

You are putting your faith in a bunch of clowns.

Again.

Can I gift someone $200000?


Capital Gains Taxes

The donor is always liable for gift taxes. This rule means if you transfer property worth over $200,000 and have depleted your exemptions, the recipient will receive the total value of the $200,000, while you are liable for the resulting gift tax sent to the IRS.

 

[Rambunctious]

Two college tuitions, two homes, a mortgage, a HELOC, groceries, utilities. Possibly a 10 percent tithe to his church. I don't know if his youngest kids are in a private schools, but that would be more tuition.

It adds up.

Any cash he has may be in a non interest bearing account, and that does not have to be disclosed.

His tax returns would be more revealing than a financial disclosure.


"I want to bleev it, so it must be true!"

Can I gift someone $200000?


Capital Gains Taxes

The donor is always liable for gift taxes. This rule means if you transfer property worth over $200,000 and have depleted your exemptions, the recipient will receive the total value of the $200,000, while you are liable for the resulting gift tax sent to the IRS.

 

[Marener]

Can I give a gift of $200,000 to my daughter this year and another 300,000 next year if the limit is under 5 millions in the whole life? Do I have to pay tax?

How many times in my whole life can I give a gift to my son if it does not exceed 5 millions?

ttlc.intuit.com

Loan repayments arent gifts.

Even if it was a gift, they are not taxable as income.

 

[Marener]

Can I gift someone $200000?

Of course you can. Why couldn't you?

 

[Rambunctious]

Loan repayments arent gifts.

Even if it was a gift, they are not taxable as income.

Even a family loan must be reported on the givers taxes.... believe me I had to learn this the hard way... lol

 

[g5000]

So we have evidence that he’s hiding money and you think that’s “nothing”?

I ask for the third time, what evidence do you have Mike Johnson is "hiding money"?

 

[Rambunctious]

Of course you can. Why couldn't you?

Stop chopping up my posts... read the entire post with the link....

 

[Dadoalex]

Shows no assets. Not even a checking account. Nothing. Zero assets. No investments, no properties, nothing.

Seems pretty unlikely, don't you think? A congressman, even a back bencher, with no assets at all? Used to be a lawyer, won some pretty big settlements too, where is it all?

Mike Johnson Has Never Reported Having a Bank Account

Daily Beast: "Over the course of seven years, Johnson has never reported a checking or savings account in his name, nor in the name of his wife or any of his children, disclosures show. In fact, he doesn’t appear to have money stashed in any investments, with his latest filing—covering 2022—sh

politicalwire.com

He's got all his money in S&H Green Stamps.

 

[g5000]

Last night Johnson’s new spokesman, RAJ SHAH, reached out to Playbook to share that is in fact the case: “Speaker Johnson has a personal bank account,” Shah said in a statement, explaining that the account is exempt from House disclosure rules because it is not interest-bearing.

Playbook: Four big Election Day questions

And Joe Biden's reelection campaign is taking a hard look at where it stands among voters.

www.politico.com

Mystery solved. You can all go back to your regular reindeer games now.