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In reply to the discussion: Does New Speaker of the House Mike Johnson Have a Bank Account? [View all]Happy Hoosier
(8,533 posts)33. Maybe he claims the average daily balance is below $5000?
He has to be doing something with his money.
I make a good salary, and do get my paychecks DP. But over the last couple of years, I had one disaster after another and racked up a pretty massive amount of debt.
I'm on the recovery side of all that now, and income exceeds absolute minimum of expenses, but almost all the extra goes to paying down that massive dept. I hope to be out of that hole finally in the new year. My ADB is probably more like $2000, so I wouldn;t have to report that. But I DO have retirement accounts which would require reporting.
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Does New Speaker of the House Mike Johnson Have a Bank Account? [View all]
babylonsister
Nov 2023
OP
If he inherited an IRA, he has to take required minimum distributions no matter how old or young he is
progree
Nov 2023
#13
Nobody does opposition research anymore. This should have been found out during a primary.
sarcasmo
Nov 2023
#12
Churches were originally given tax-free status in exchange for helping the poor in the community.
OMGWTF
Nov 2023
#106
Iceberg of secret ChristoFascist Crypto currency used for avoiding taxes
bucolic_frolic
Nov 2023
#10
I agree. But he's not paying for his morning latte with some shavings off his a one ounce bar.
CincyDem
Nov 2023
#39
Exactly he would have to wait for the check to be produced by accounting, printed, and then mailed.
Historic NY
Nov 2023
#75
Do he and his family live off of the grid? Seems one would need a way to pay for utilities, taxes, etc.
Freethinker65
Nov 2023
#30
good point. But what about "manna from heaven"? I always wondered what that was...
CTyankee
Nov 2023
#79
Wow! I have multiple bank accounts, but each one I've designated for a specific thing.
4lbs
Nov 2023
#74