Wednesday, August 22, 2012

Blumenthal is Washington's 7th richest lawmaker

The Hill put out it's list of the 50 richest lawmakers in Washington, and Connecticut's own Richard Blumenthal made it on the list, with $80.1 million.
Of note is the first line of reportage: "Blumenthal’s minimum net worth skyrocketed by nearly $25 million last year when compared to his wealth in 2010."
That's the year Blumenthal took office as senator. Here's why, according to The Hill:


The former Connecticut state attorney general saw his fortune increase partially because several of his assets went up in value. A JPMorgan checking account, jointly owned by Blumenthal and his wife, went from being worth at least $50,000 in 2010 to $1 million last year. Further, several properties in care of Malkin Holdings — including many commercial office buildings in New York City — went up in value in 2011, and are newly estimated to be worth at least $1 million each.
Blumenthal came in seventh, behind Rep. Michael McCaul (R-Texas), Sen. John Kerry (D-Mass.), Rep., Darrell Issa (R-Calif.), Rep. Jared Polis (D-Colo.), Sen. Mark Warner (D-Va.) and Sen. Jay Rockefeller (D-W.Va.)

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5 Comments:

Anonymous Anonymous said...

Another Rich Democrat. Is he spreading the wealth. And these hypocrites talk about Linda McMahon, Mitt Romney.

August 22, 2012 at 2:13 PM 
Anonymous Anonymous said...

...and he still talks bad about the 1% who dont pay their fair share...what a tool

August 22, 2012 at 4:06 PM 
Anonymous Anonymous said...

Wait, I thought all Democratic politicians were poor working-class stiffs like me. How come 5 of the 7 richest members of Congress are Democrats? What did I miss? How can I jump on the Democratic gravy train?

August 22, 2012 at 4:24 PM 
Anonymous Anonymous said...

I demand to see how much tax he paid on the $25 million. For a guy who earns $174,000 per year as a U.S. Senator, raking in $25 million in 2 years during hideously bad economic times is quite a feat. His income tax without itemized deductions would be about $61,000, which equals one quarter of 1% of $25,000,000. Hmmmph.
But obviously, the income tax is ONLY on income earnings, NOT investment earnings. Didn't you and Obama and the media and all democrats know that?? So I'm confident Blumenthal paid his capital gains tax on those millions at the proper, lawful rate of 15%, plus or minus a few percent for capital losses. JUST LIKE ROMNEY.

August 22, 2012 at 4:25 PM 
Anonymous Anonymous said...

Well, at least Blumie earned his millions the old fashioned way - he married them.

August 23, 2012 at 7:39 AM 

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