Congressional Democrats are Wealthier than Republican Counterparts

Congressional Democrats are Wealthier than Republican Counterparts

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PJ Media reports that seven of the top ten wealthiest members in Congress are Democrats:

Yes America, there is a wealth gap. Seven of the top ten wealthiest members in Congress are Democrats.

The results are based on a new study released today by the non-partisan Center for Responsive Politics. The Center did an analysis of the financial statements filed by members of Congress for 2010 income and net worth.

This revelation of extreme wealth by Democratic politicians is completely contrary to the public image of the Democratic Party. President Obama has castigated “millionaires and billionaires,” suggesting they are evil people, largely Republican or conservative.

The issue of the Democratic Party as the millionaire party has not yet made it into the mainstream media. But the facts are indisputable. Democratic members of Congress tend to be wealthier than their Republican counterparts.

According to the Center, 36 Senate Democrats and 30 Senate Republicans reported an average net worth in excess of $1 million in 2010. The median estimated net worth among members of the Senate Democrats was $2.58 million. Senate Republican median net work was $2.43 million.

And, the wealthy Democrats tend to inherit their money. Republicans tend to earn it.

I wonder how many of these wealthy Democrats who claim the rich aren’t paying their fair share have voluntarily contributed money to the U.S. Treasury?

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About Peter Pappas

Peter is a tax attorney and certified public acccountant with over 20 years experience helping taxpayers resolve their IRS and state tax problems.

He has represented thousands of taxpayers who have been experiencing difficulty dealing with the Internal Revenue Service or State tax officials.

He is a member of the American Association of Attorney-Certified Public Accountants, the Florida Bar Association and The Florida Institute of Certified Public Accountants and is admitted to practice before the United States Tax Court, the United States Supreme Court, U.S. District Courts - Middle District of Florida

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