Wednesday, November 1, 2023

Hmmmmmm


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—showing no assets whatsoever.

[...]

House Ethics Committee filing guidelines state that members must disclose bank accounts they have at every financial institution, as long as the account holds at least $1,000 and the combined value of all accounts—including those belonging to their spouse and dependent children—exceeds $5,000.

The rules cover all “interest-bearing, cash-deposit accounts at banks, credit unions, and savings and loan associations,” including checking, savings, and money market accounts, along with certificates of deposit and individual retirement funds, or IRAs. (Johnson reported receiving a $10,485.53 distribution from a New York Life IRA in 2017, his first year in office, possibly from a retirement account he had listed the previous year.)

[...]

“He made over $200,000 last year, and his wife took home salary from two employers as well, so why isn’t there a bank account or any form of savings listed?”

Johnson has also carried debts over for several years, which [Jordan Libowitz, communications director for watchdog group CREW] said would sharpen the question.

“He owes hundreds of thousands of dollars between a mortgage, personal loan, and home equity line of credit, so where did that money go?”

  Daily Beast
So...who's keeping his money for him?
Johnson’s Benton, Louisiana, home is valued around $600,000, according to a Zillow estimate. The home’s value, along with his income, would cover his reported liabilities. (Bossier Parish records show he is up to date on his taxes.)

The year before joining Congress, Johnson reported over $200,000 in combined income, a total he and his wife seem to clear annually. He topped that number again last year, reporting his $174,000 federal salary along with roughly $30,000 from his Liberty University online teaching gig—a steady side hustle Johnson first reported in 2019.

His wife also reported income last year from two nonprofit groups, “Onward Christian Education Services, Inc.” and “Louisiana Right To Life Educational Committee.” Members aren’t required to disclose how much money their spouses earn, just the sources. But two of Johnson’s previous reports do provide a dollar amount, showing about $50,000 in those years from various clients. (His latest disclosures just say “N/A.”)
...but hey, do what you want...you will anyway.

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