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babylonsister

(171,114 posts)
Wed Nov 1, 2023, 06:54 AM Nov 2023

Does New Speaker of the House Mike Johnson Have a Bank Account?



https://www.thedailybeast.com/does-new-speaker-of-the-house-mike-johnson-have-a-bank-account?ref=home

Does New Speaker of the House Mike Johnson Have a Bank Account?
Speaker Mike Johnson has never listed a bank account on his financial disclosure. In fact, on his newest disclosure he doesn’t list a single asset at all.
Roger Sollenberger
Senior Political Reporter
Published Nov. 01, 2023 4:50AM EDT


snip//

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.

snip//

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.)

It’s certainly not uncommon for Americans to have less than $5,000 in their bank account. Most Americans—57 percent—couldn’t handle an unexpected $1,000 expense, according to a report earlier this year. And the median amount that Americans keep in their bank account is $5,300. But Johnson’s household income puts him in the top 12 percent of earners in the United States. And it’s extraordinarily rare for members of Congress to not list a qualifying bank account—let alone zero assets whatsoever.

The Daily Beast reached out to Johnson’s office for comment but did not receive a reply.
137 replies = new reply since forum marked as read
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Does New Speaker of the House Mike Johnson Have a Bank Account? (Original Post) babylonsister Nov 2023 OP
Tax cheat? Emile Nov 2023 #1
What's a Trump surrogate to do? Zambero Nov 2023 #28
Is he from the Duncan Hunter school of Prairie Gates Nov 2023 #2
If he inherited an IRA, he has to take required minimum distributions no matter how old or young he is progree Nov 2023 #13
So he wants to defund the IRS, not suspicious at all Walleye Nov 2023 #3
Exactly! mountain grammy Nov 2023 #93
Slick Mike eShirl Nov 2023 #4
How is this now just coming out? JT45242 Nov 2023 #5
Nobody does opposition research anymore. This should have been found out during a primary. sarcasmo Nov 2023 #12
Not just oppo research, local news? JT45242 Nov 2023 #23
---- 99 percent sure it's some kind of tax scam/avoiding taxes. sarcasmo Nov 2023 #31
He's apparently never been primaried. haele Nov 2023 #38
I think he's been running unopposed duckworth969 Nov 2023 #124
This message was self-deleted by its author duckworth969 Nov 2023 #125
He was a back-bencher who crawled out of the woodwork at the last minute, Ocelot II Nov 2023 #63
doesn't the government require direct deposit? Orangepeel Nov 2023 #6
Walmart is cheaper. Lochloosa Nov 2023 #26
Maybe he claims the average daily balance is below $5000? Happy Hoosier Nov 2023 #33
exactly what I was thinking LymphocyteLover Nov 2023 #58
That's a question I just posted...before I saw yours FarPoint Nov 2023 #127
Friends in low places czarjak Nov 2023 #7
Look for a church. CincyDem Nov 2023 #8
I had not thought of that but it is obvious...lol cayugafalls Nov 2023 #16
Jason Rapert in Arkansas has Holy Ghost Ministries. LiberalArkie Nov 2023 #17
This squares with earlier statements MAGAjerk Johnson has made... Hugin Nov 2023 #32
send this to him azureblue Nov 2023 #97
Churches were originally given tax-free status in exchange for helping the poor in the community. OMGWTF Nov 2023 #106
My Thoughts NowISeetheLight Nov 2023 #41
The church of mikey Marthe48 Nov 2023 #50
Yeah, I suspect as much too LymphocyteLover Nov 2023 #59
Yep! Bluethroughu Nov 2023 #82
What kind of personal temperament does this behavior indicate? LastDemocratInSC Nov 2023 #102
Bingo! jaxexpat Nov 2023 #109
I agree with this... slightlv Nov 2023 #132
yep - buckle up, it's going to be a bumpy ride. CincyDem Nov 2023 #133
It's funny how... Think. Again. Nov 2023 #9
Iceberg of secret ChristoFascist Crypto currency used for avoiding taxes bucolic_frolic Nov 2023 #10
He's ignoring what Jesus said about taxes Yo_Mama_Been_Loggin Nov 2023 #47
This is not about reporting taxable income Zeitghost Nov 2023 #101
Medicaid recipients get audited more than these rich cheaters berniesandersmittens Nov 2023 #11
He probably has a bunch of shell companies. Religious Zealot LLC maybe? Vinca Nov 2023 #14
On revise: CincyDems response seems legit: a church, llc. cayugafalls Nov 2023 #15
I agree. But he's not paying for his morning latte with some shavings off his a one ounce bar. CincyDem Nov 2023 #39
More Likely CryptoCurrency Deep State Witch Nov 2023 #42
Funny how... 2naSalit Nov 2023 #18
Revealing Light? Deep State Witch Nov 2023 #20
Yes. 2naSalit Nov 2023 #22
On this one, she could have just noted that he is colorado_ufo Nov 2023 #107
Yeah but... 2naSalit Nov 2023 #118
She is good. PlutosHeart Nov 2023 #131
I'm going to go look that video up. MontanaMama Nov 2023 #66
Offshore Accounts Deep State Witch Nov 2023 #19
Remember Mitt NowISeetheLight Nov 2023 #44
That was my first thought as well. TheRealNorth Nov 2023 #121
Not having a direct deposit as a member of Congress is so unusual DFW Nov 2023 #21
DINGDINGDING!!! 2naSalit Nov 2023 #24
US House Speaker annual salary $223,500 bucolic_frolic Nov 2023 #25
That too! 2naSalit Nov 2023 #29
House members are paid monthly so it's 17k/month CincyDem Nov 2023 #103
You got it DFW Nov 2023 #43
Exactly he would have to wait for the check to be produced by accounting, printed, and then mailed. Historic NY Nov 2023 #75
Yes, the no bank account thing just doesn't hold water DFW Nov 2023 #81
My dad was a lifelong federal employee. MontanaMama Nov 2023 #67
I still have it... 2naSalit Nov 2023 #95
Holy hell. I'll bet you guard it with your life! MontanaMama Nov 2023 #104
I think what happened was... 2naSalit Nov 2023 #116
So why TF does MAGA Mike MontanaMama Nov 2023 #135
Yup... 2naSalit Nov 2023 #136
That's what the Australian tarot lady said! MontanaMama Nov 2023 #137
And folks wonder why he wants to defund the malaise Nov 2023 #60
Yes, I think there is grounds for suspecting some CYA in there DFW Nov 2023 #77
Your post could be its own OP. MontanaMama Nov 2023 #69
Even if he could retroactively set up the account DFW Nov 2023 #73
The fix was in. marble falls Nov 2023 #27
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
Dude is up to some typical republican stuff Windicator Nov 2023 #34
I keep remembering wryter2000 Nov 2023 #35
Sure - in the Caymans. peppertree Nov 2023 #36
This needs to be the next big scandal. Ferrets are Cool Nov 2023 #37
Well, no duh. Wednesdays Nov 2023 #40
He is George Santos, without the stupid. n/t John1956PA Nov 2023 #45
Excellent point. George Santos Banking. bucolic_frolic Nov 2023 #49
"Dear God Mike!... chouchou Nov 2023 #46
Maybe he's paid in casino chips and has an account there? bucolic_frolic Nov 2023 #48
Where is his congressional paycheck deposited? mzmolly Nov 2023 #51
How can I send him a bribe? RainCaster Nov 2023 #52
Jesus didn't have a bank account, either! dchill Nov 2023 #53
good point. But what about "manna from heaven"? I always wondered what that was... CTyankee Nov 2023 #79
Everything fits with his world view... dchill Nov 2023 #114
God is his banker Blue Owl Nov 2023 #54
Perhaps he just keeps his money hidden in the mattress. Chainfire Nov 2023 #55
Offshore account, or Swiss bank account perhaps? Liberty Belle Nov 2023 #56
Red flag! Red flag! Red flag!!! liberalla Nov 2023 #57
Why now why not then? Marthe48 Nov 2023 #61
For some reason the AG never investigated these Diraven Nov 2023 #62
the fbi can't investigate personal income tax crimes..... getagrip_already Nov 2023 #86
This guy is going to backfire on the Republicans so bad. yardwork Nov 2023 #64
So by listing no assets moniss Nov 2023 #65
I have zero confidence in this clown. spanone Nov 2023 #68
If his money is in crypto currency . . . people Nov 2023 #70
He's probably one of those Sovereign Citizen freaks. LudwigPastorius Nov 2023 #71
"Calling Rep. Comer! Calling Rep. Comer!..." Grins Nov 2023 #72
Wow! I have multiple bank accounts, but each one I've designated for a specific thing. 4lbs Nov 2023 #74
So the Speaker of the House would fail background checks SouthBayDem Nov 2023 #76
Yet his job requires him to regulate those Captain Zero Nov 2023 #108
his money is in the basement of his house. CTyankee Nov 2023 #78
Corruption in his core. Bluethroughu Nov 2023 #80
I Found The Loophole! smb Nov 2023 #83
Just like TFG, Dr. T Nov 2023 #84
If only there was an agency that could investigate. onecaliberal Nov 2023 #85
The stench of The Wizard Nov 2023 #87
Isn't it most likely he just hasn't reported anything ever? maxsolomon Nov 2023 #88
Maybe his paycheck goes through the church Bettie Nov 2023 #89
Is there some sort of evangelical banking scheme? SidneyR Nov 2023 #90
Tax workers at the IRS about to 'lose' their job... wake up? Justice matters. Nov 2023 #91
No wonder repubes want to trash the IRS Windicator Nov 2023 #92
Could it all be in the wife's bank accounts? live love laugh Nov 2023 #94
Satan pays all of his bills. It was in his deal. twodogsbarking Nov 2023 #99
Even if it were, it's still required to be disclosed. W_HAMILTON Nov 2023 #111
No account needed Old Crank Nov 2023 #96
Did he change his last name from Santos? twodogsbarking Nov 2023 #98
Probably has at least one LLC jgmiller Nov 2023 #100
Smarmy little creep probably Alliepoo Nov 2023 #105
There appears to be good reasons Johnson has kept such a low profile dlk Nov 2023 #110
Didn't anybody in the GOP vet this guy before they put him up for Speaker? FakeNoose Nov 2023 #112
Great vetting job, GQP orangecrush Nov 2023 #113
No assets or savings or investments anywhere? Wingus Dingus Nov 2023 #115
Well he's a lawyer. Maybe he lives paycheck to paycheck Bucky Nov 2023 #117
IMO Mike has an off-shore arrangement in Grand Cayman or somewhere like that. Through several opaque shell companies Ford_Prefect Nov 2023 #119
This is probably why nobody in the GOP wanted the job: C Moon Nov 2023 #120
This should trigger an AUDIT from the IRS DJ Porkchop Nov 2023 #122
Either a tax cheat or he's invested in the Lord. Hassler Nov 2023 #123
Let me ask this..... FarPoint Nov 2023 #126
I think we all want to know babylonsister Nov 2023 #128
Maga Mike's Russian bribes nakocal Nov 2023 #129
K & R for exposure. SunSeeker Nov 2023 #130
Simple question: where does your paycheck go? James48 Nov 2023 #134

Zambero

(8,982 posts)
28. What's a Trump surrogate to do?
Wed Nov 1, 2023, 08:46 AM
Nov 2023

It appears that honesty and transparency continue not to be virtues among scoundrels.

Prairie Gates

(1,127 posts)
2. Is he from the Duncan Hunter school of
Wed Nov 1, 2023, 07:03 AM
Nov 2023

Congressional financing?

Check for evidence of pet rabbits visiting US military bases in desirable vacation spots.

(also, how’s this fool getting a ten large IRA payout? Isn’t he like, 50?)

progree

(10,960 posts)
13. If he inherited an IRA, he has to take required minimum distributions no matter how old or young he is
Wed Nov 1, 2023, 07:50 AM
Nov 2023

I've been taking required distributions from an inherited IRA since I was 53. (Fortunately no 10% penalty for being under 59 1/2 in the first 7 years. After that, I was over 59 1/2, so no penalty in the years after either). Edited to add: its an annual thing, so taking a withdrawal in just one year doesn't fit the pattern. EndEdit

Also, even if it's a regular IRA, one can withdraw from it at any age, although one would pay a 10% penalty if under 59 1/2, but if one has expenses that exceed what's available in regular taxable accounts, well, it's just something one may have to do sometimes.

JT45242

(2,323 posts)
5. How is this now just coming out?
Wed Nov 1, 2023, 07:20 AM
Nov 2023

Shouldn't some agency be flagging suspicious things like this?

Just wherever he direct deposits his congressional paycheck would apply.

Maybe, just maybe, we will get mandatory tax return releases for Congress critters and president and vice president candidates out of this.

JT45242

(2,323 posts)
23. Not just oppo research, local news?
Wed Nov 1, 2023, 08:32 AM
Nov 2023

There has to be some reporter in Louisiana who would want to make a name and could have found this. Lots of local investigative reporters make a name on finding corruption.

It's been half a decade and not one filing that's legit?

Why is there not some oversight group for this, it seems like a flashing neon sign for being on the take.

haele

(12,707 posts)
38. He's apparently never been primaried.
Wed Nov 1, 2023, 09:44 AM
Nov 2023

But I'll bet he claims he cashes his checks into currency so he doesn't need a bank account, he keeps it all under his mattress or in his gun safe. (Or wrapped in cling film stuffed in a freezer)

Since he's vanilla colored, he never has to worry about being pulled over and his money seized because he's carrying drug dealer amounts of money on him.

Haele

Response to sarcasmo (Reply #12)

Ocelot II

(116,045 posts)
63. He was a back-bencher who crawled out of the woodwork at the last minute,
Wed Nov 1, 2023, 11:00 AM
Nov 2023

and it's doubtful anybody checked him out when he ran for Congress in his totally MAGA district.

Orangepeel

(13,935 posts)
6. doesn't the government require direct deposit?
Wed Nov 1, 2023, 07:25 AM
Nov 2023

is he picking up a check every two weeks and cashing it at the 7-11?

Happy Hoosier

(7,496 posts)
33. Maybe he claims the average daily balance is below $5000?
Wed Nov 1, 2023, 09:09 AM
Nov 2023

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.

FarPoint

(12,491 posts)
127. That's a question I just posted...before I saw yours
Wed Nov 1, 2023, 07:30 PM
Nov 2023

I believe he probably does have a checking account...

CincyDem

(6,422 posts)
8. Look for a church.
Wed Nov 1, 2023, 07:42 AM
Nov 2023

Somewhere, somehow this grifter is living off an LLC, likely his wife’s conversion business. And it’s probably registered as a church. Something about him just feels right for this one.

cayugafalls

(5,673 posts)
16. I had not thought of that but it is obvious...lol
Wed Nov 1, 2023, 08:05 AM
Nov 2023

I should have read comments before posting about gold stacking, lol.

I'll revise a little with new info...lol

Hugin

(33,229 posts)
32. This squares with earlier statements MAGAjerk Johnson has made...
Wed Nov 1, 2023, 09:01 AM
Nov 2023

About turning all charity work over to a church. These sorts are all about “vouchers” for everything. That’s what they want to do with Social Security and Medicare. It makes it easier to misappropriate the funds and rob the elderly and infirm.

He is apparently making the same mistake with his reporting that most of the arrogant christofascists make in thinking that they are above taxes and reporting because… Church.

azureblue

(2,158 posts)
97. send this to him
Wed Nov 1, 2023, 01:54 PM
Nov 2023

41 “Then he will say to those on his left, ‘Depart from me, you who are cursed, into the eternal fire prepared for the devil and his angels. 42 For I was hungry and you gave me nothing to eat, I was thirsty and you gave me nothing to drink, 43 I was a stranger and you did not invite me in, I needed clothes and you did not clothe me, I was sick and in prison and you did not look after me.’

44 “They also will answer, ‘Lord, when did we see you hungry or thirsty or a stranger or needing clothes or sick or in prison, and did not help you?’

45 “He will reply, ‘Truly I tell you, whatever you did not do for one of the least of these, you did not do for me.’

46 “Then they will go away to eternal punishment, but the righteous to eternal life.”

OMGWTF

(3,998 posts)
106. Churches were originally given tax-free status in exchange for helping the poor in the community.
Wed Nov 1, 2023, 03:03 PM
Nov 2023

These modern day Christofascists are all about keeping it for themselves.

NowISeetheLight

(3,943 posts)
41. My Thoughts
Wed Nov 1, 2023, 09:56 AM
Nov 2023

I thought that yesterday when I saw her website was .org not .com. I was kind of thinking her Christian Taliban conversion clinic was some kind of "church".

LastDemocratInSC

(3,658 posts)
102. What kind of personal temperament does this behavior indicate?
Wed Nov 1, 2023, 02:21 PM
Nov 2023

If his wife was counseling him would she select Melancholy, Choleric, Sanguine, Supine, or Phlegmatic?

https://www.joemygod.com/2023/10/johnsons-wife-practices-temperament-counseling/

Sounds to me like he needs 2 leeches applied to each armpit followed by another bucket of Boar's vomit. (hat tip to Steve Martin's SNL skit about Theodoric of York, Medieval Barber)

slightlv

(2,886 posts)
132. I agree with this...
Wed Nov 1, 2023, 09:20 PM
Nov 2023

he's a Dominionist. They have their own "church" ways of avoiding anything and everything that's mandatory for all "common" Americans. And it's all legal as far as they're concerned, because they're doing it in the name of "God." They have their own banking, government, etc. We are facing the end of Democracy and going headlong into Theocracy if we don't get these people out of the government. They've already captured so many of their "hills... mountains"... and now 1/3 of the government. Don't like the Dominionist view? Too bad... you will be forced to convert. Many of us have been screaming about this for years... but just like abortion rights, we were told we were hysterical and nonsensical in our fervor of trying to get people to see. What do they say? Hindsight is always 20/20...!

CincyDem

(6,422 posts)
133. yep - buckle up, it's going to be a bumpy ride.
Wed Nov 1, 2023, 09:34 PM
Nov 2023

I heard Margaret Atwood speak a few years ago (during the you-know-who administration). I forget the exact question that was asked but it was something about how she views The Handmaid's Tale through the lens of current US politics. Her response, however, was unforgettable...

"In today's world, I find great comfort that my book is still filed in the Fiction section. But it worries me that could change so easily."

She's been very vocal about where all this could go. Unfortunately, as you said re: abortion...those of us who point out the logical endpoint of their insanity are labeled as Cassandras because "no rationale person would go that far". That may be true but we're not dealing with rational people.



Think. Again.

(8,983 posts)
9. It's funny how...
Wed Nov 1, 2023, 07:44 AM
Nov 2023

...even the Daily Beast takes the journalistic position of assuming and exploring only above-board, legitimate reasons for why this guy has a virtually impossible financial structure, and never once considers that THIS IS A REPUBLICAN, HE IS DOING SOMETHING ILLEGAL AND/OR UNETHICAL.

Which is the very first assumption that should be made after the phrase 'This Is A Republican'.

bucolic_frolic

(43,579 posts)
10. Iceberg of secret ChristoFascist Crypto currency used for avoiding taxes
Wed Nov 1, 2023, 07:47 AM
Nov 2023

Don't laugh. Various religious sects in US history have used some type of barter bucks, coupons for daily life.

But this is the gold standard. Guy hiding a US House salary. Prob doesn't consider it his duty to report because he answers only to God. Recall he's got a personal account with the guy. Sorry, the Guy!

Yo_Mama_Been_Loggin

(108,529 posts)
47. He's ignoring what Jesus said about taxes
Wed Nov 1, 2023, 10:20 AM
Nov 2023

Last edited Wed Nov 1, 2023, 01:41 PM - Edit history (1)

"Render unto Caesar that which is Caesar's."

He's just another grifting religious charlatan.

berniesandersmittens

(11,348 posts)
11. Medicaid recipients get audited more than these rich cheaters
Wed Nov 1, 2023, 07:48 AM
Nov 2023

More restrictions on regular and poor folks' healthcare, but rich, greedy assholes get away with shit like this.


It's like God blesses the wealthy and ordains the poweful...

cayugafalls

(5,673 posts)
15. On revise: CincyDems response seems legit: a church, llc.
Wed Nov 1, 2023, 08:01 AM
Nov 2023

Although, he still probably stacks some gold as well...

A lot of the religious zealots are preppers and most of them call for putting assets in something other than cash or banks.

CincyDem

(6,422 posts)
39. I agree. But he's not paying for his morning latte with some shavings off his a one ounce bar.
Wed Nov 1, 2023, 09:53 AM
Nov 2023

I always get a kick outta prepers hoarding gold. If the world turns to chit so much so that the global banking system totally collapses…gold bars will only help if you can digest them like termites eat wood.


2naSalit

(87,025 posts)
18. Funny how...
Wed Nov 1, 2023, 08:11 AM
Nov 2023

The cheaters think they can fumble their way into power without scrutiny. He just undid himself, he won't last as speaker for very long. I watched a video of a Tarot card reader inquiring about his career as speaker... the reading indicated that he would not last long and that there would be much ado about some major lie in his past, any part of it, that would be his undoing. This could be it.

2naSalit

(87,025 posts)
22. Yes.
Wed Nov 1, 2023, 08:29 AM
Nov 2023

And she was right on.

I only watch what gets posted here but I like her, her readings are pretty accurate. On some readings, I get a little different take on one or two points but otherwise, her speculations usually come around to manifest.

colorado_ufo

(5,748 posts)
107. On this one, she could have just noted that he is
Wed Nov 1, 2023, 03:36 PM
Nov 2023

a Republican, and she would not have even had to crack open a new deck of cards

Deep State Witch

(10,484 posts)
19. Offshore Accounts
Wed Nov 1, 2023, 08:16 AM
Nov 2023

Although, by law, you have to claim them, too.

I mean, did the Russians wire him money, or did they just show up in his office with a suitcase full of cash, a la Spiro Agnew?

NowISeetheLight

(3,943 posts)
44. Remember Mitt
Wed Nov 1, 2023, 10:02 AM
Nov 2023

I remember something when Mitt Romney was running for President. There was some deal with him not releasing a tax return. I seem to recall the general suspicion was that he had taken advantage of some tax amnesty deal involving foreign accounts. It was suspected he had money overseas he didn't claim but during the amnesty was able to "come clean".

https://slate.com/business/2012/07/romney-s-tax-returns-is-the-2009-swiss-bank-account-amnesty-what-he-doesn-t-want-us-to-see.html

DFW

(54,529 posts)
21. Not having a direct deposit as a member of Congress is so unusual
Wed Nov 1, 2023, 08:17 AM
Nov 2023

Why not? That‘s a fair question these days. I‘m sure he doesn‘t take his paycheck to a check-cashing kiosk twice a month.

It‘s not the kind of thing you can set up retroactively for appearance‘s sake, either. Either his funds are hidden somewhere, or the activity on his account is so totally off the wall that he rightly fears public scrutiny of it. If a public disclosure of his bank activity would disclose something so embarrassing as to warrant his immediate resignation as Speaker, the House Republicans will have to resume their bottom feeding for a replacement Speaker AGAIN.

2naSalit

(87,025 posts)
24. DINGDINGDING!!!
Wed Nov 1, 2023, 08:33 AM
Nov 2023

I never agreed to direct deposit until I had to for my federal positions. If you have a job that's paid by the treasury, you pretty much have to have a bank account with, at least, a savings account to receive the payments.

Good catch.

bucolic_frolic

(43,579 posts)
25. US House Speaker annual salary $223,500
Wed Nov 1, 2023, 08:38 AM
Nov 2023

That's $4,298.08 per week. You just TRY hiding that kind of cash flow.

CincyDem

(6,422 posts)
103. House members are paid monthly so it's 17k/month
Wed Nov 1, 2023, 02:26 PM
Nov 2023

He could cash the checks but then there should be a trail of suspicious activity reports required for any cash transaction over 10k.

DFW

(54,529 posts)
43. You got it
Wed Nov 1, 2023, 09:57 AM
Nov 2023

A guy receiving a regular paycheck from the federal government who doesn‘t have a bank is like a history scholar who never visits a library: theoretically conceivable, I suppose, but not a practical reality.

Historic NY

(37,463 posts)
75. Exactly he would have to wait for the check to be produced by accounting, printed, and then mailed.
Wed Nov 1, 2023, 11:57 AM
Nov 2023

I know there is a limit on electronic deposits via phone so he would have to go to a bank. Congress has a bank but there still has to be an electronic trail or routing. His check would been over 6000, bi-weeekly.

DFW

(54,529 posts)
81. Yes, the no bank account thing just doesn't hold water
Wed Nov 1, 2023, 12:05 PM
Nov 2023

This just screams of someone not wanting public scrutiny of what he's up to.

I've been having direct deposit for decades, since I'm paid into an American bank account by my American employer, though I live in Europe. If it had involved some kind of exotic machinations, I would have heard of it long before now. Ergo, this has to be SOP to the point where many people probably have to make an exception if they do NOT want their paycheck deposited this way.

MontanaMama

(23,370 posts)
67. My dad was a lifelong federal employee.
Wed Nov 1, 2023, 11:27 AM
Nov 2023

Even back in the 80's, he was required to have direct deposit. He received his retirement benefits that way as well.

2naSalit

(87,025 posts)
95. I still have it...
Wed Nov 1, 2023, 01:44 PM
Nov 2023

Because that's the manner in which I receive my SSI every month. I haven't received a check other than those from inheritance that I got from the passing of family members in well over a decade now. I function off a debit card that I guard with my life.

MontanaMama

(23,370 posts)
104. Holy hell. I'll bet you guard it with your life!
Wed Nov 1, 2023, 02:36 PM
Nov 2023

My dad died in 2011 and that wasn't a thing back then.

2naSalit

(87,025 posts)
116. I think what happened was...
Wed Nov 1, 2023, 05:42 PM
Nov 2023

That the recipients who were already receiving their money by check continued to do so. Newcomers to the system were on mandatory DD. I know I was required to use that "option" when I hired on with the Census Bureau in 2009. I just knew that it was required when I hired on at the other two agencies.



MontanaMama

(23,370 posts)
137. That's what the Australian tarot lady said!
Wed Nov 1, 2023, 11:18 PM
Nov 2023

I listened to her reading while I was packing up my Halloween decorations in my snowy, slushy front yard. May her take on things be true.

DFW

(54,529 posts)
77. Yes, I think there is grounds for suspecting some CYA in there
Wed Nov 1, 2023, 11:58 AM
Nov 2023

MAYBE there is a perfectly legitimate explanation. but if there is, he doesn't seem to be in any big hurry to let the public in on his secret.

MontanaMama

(23,370 posts)
69. Your post could be its own OP.
Wed Nov 1, 2023, 11:31 AM
Nov 2023

Something isn't right with this. If this hits the public sphere and people start to ask questions, I figured he would just set up direct deposit...I didn't know he couldn't retroactively set it up. Very interesting.

DFW

(54,529 posts)
73. Even if he could retroactively set up the account
Wed Nov 1, 2023, 11:51 AM
Nov 2023

And even that would take some doing on its own--but retroactively making three years worth of direct deposits from the US Treasury into such an account--even a Republican can't do THAT.

Freethinker65

(10,121 posts)
30. Do he and his family live off of the grid? Seems one would need a way to pay for utilities, taxes, etc.
Wed Nov 1, 2023, 08:59 AM
Nov 2023

Physical banks near me will not even cash a check without being an account holder.

wryter2000

(46,148 posts)
35. I keep remembering
Wed Nov 1, 2023, 09:13 AM
Nov 2023

How I wished Trump would live to regret that ride down the escalator. Now I find myself wishing this clown will live to regret becoming speaker.

peppertree

(21,748 posts)
36. Sure - in the Caymans.
Wed Nov 1, 2023, 09:38 AM
Nov 2023

Probably in Paul Singer's laundromat, NML.

If anyone ever hacked that outfit, the names they'd find.

dchill

(38,645 posts)
53. Jesus didn't have a bank account, either!
Wed Nov 1, 2023, 10:33 AM
Nov 2023

At least not that can be proven. Just look at the Bible! If you want to know anything about him, look at the Bible.

CTyankee

(63,935 posts)
79. good point. But what about "manna from heaven"? I always wondered what that was...
Wed Nov 1, 2023, 12:00 PM
Nov 2023

oops.here: "manna is, according to the Bible, an edible substance which God provided for the Israelites during their travels in the desert during the 40-year period following the Exodus and prior to the conquest of Canaan. It is also mentioned in the Quran three times."

So it would all fit nicely with his world view, wouldn't it? (don't mention the part about the Quran).

 

Chainfire

(17,757 posts)
55. Perhaps he just keeps his money hidden in the mattress.
Wed Nov 1, 2023, 10:37 AM
Nov 2023

He hasn't disclosed his accounts because he doesn't want to, and he is special enough to avoid it. Following the rules is for the little people.

Liberty Belle

(9,540 posts)
56. Offshore account, or Swiss bank account perhaps?
Wed Nov 1, 2023, 10:41 AM
Nov 2023

Russians gotta have a secret place to stash cash, or whoever is paying him off.

Marthe48

(17,156 posts)
61. Why now why not then?
Wed Nov 1, 2023, 10:44 AM
Nov 2023

Every news agency should dedicate a staffer to each potential representative and just dig the hell out of their past. Maybe if voters got this kind of information ahead of primary and general elections, there'd be less dross rising to the top. It's not ok if they are a republican. It is not okay to have half the representatives and God knows how many appointed or hired government employees on the take. It is not only wrong, but it creates a climate of acquiescence: "If Mike does it, so can I." Not a good role model, not a good lifestyle.

Diraven

(554 posts)
62. For some reason the AG never investigated these
Wed Nov 1, 2023, 10:57 AM
Nov 2023

Unless there is some kind of public outcry brought on by media investigations. I mean literally 1 or 2 FBI agents could do this job. How long did it take for them to investigate George Santos? Literally months of non-stop media coverage.

getagrip_already

(15,014 posts)
86. the fbi can't investigate personal income tax crimes.....
Wed Nov 1, 2023, 12:16 PM
Nov 2023

That is the IRS's jurisdiction. Unless it involves corruption, money laundering, or corporate tax fraud of some kind, the fbi won't get involved.

The IRS isn't going to want to appear political. Not that they have the will or resources to look at congress anyway.

moniss

(4,274 posts)
65. So by listing no assets
Wed Nov 1, 2023, 11:17 AM
Nov 2023

we are to believe that he and his family have no ownership/lease on a home, no ownership/lease on any vehicles? People wondering about whether he is running money through the church need to know that the IRS is not going to allow a scheme where you donate your income to the "church" and then the "church" provides everything for you. Those things will still be required to be stated as income. Also any legal claims to the money are considered to be assets.

Even if you claim that others are paying for your lifestyle it must be declared as income according to IRS rules. Any income, regardless of taxable or non-taxable, must be accounted for under accounting rules. If you try to declare that the money in to you from the "church" equaled the money spent for your lifestyle you still have a taxable income situation. So in addition to tax fraud, abuse of non-profit status etc. there may also be fraudulent filings of required forms based on fraudulent accounting practices. Some people think that they could avoid taxes by being a minister but they would be wrong. Here is a link to a little more info about that.

https://www.irs.gov/taxtopics/tc417

people

(635 posts)
70. If his money is in crypto currency . . .
Wed Nov 1, 2023, 11:35 AM
Nov 2023

Wouldn't investments in crypto currency still have to be included in his financial disclosure statements?

Grins

(7,276 posts)
72. "Calling Rep. Comer! Calling Rep. Comer!..."
Wed Nov 1, 2023, 11:38 AM
Nov 2023

Shitting a brick over the finances of the Biden's? Here's one more, this one more "local." I'm sure that Speaker Johnson will be (unlike "those" people) more than happy to come clean. s/

4lbs

(6,868 posts)
74. Wow! I have multiple bank accounts, but each one I've designated for a specific thing.
Wed Nov 1, 2023, 11:52 AM
Nov 2023

I also dislike ATM fees, and by having multiple accounts, I make sure that I can withdraw money at an ATM without paying a $3 or so "fee" for using a non-network/bank card.

It is a little more work for me, but I can actually keep a better accounting on my finances by separating it out.

There are still lots of paper trail though, and I'm pretty sure the IRS and state FTB know all about my finances.

Yes, it is very strange that someone who gets hundreds of thousands per year in federal salary and such would not have an account to put it in.

The only thing that I can think of is that because he is SO religious, that his religious affiliation may take that money as a large tithe.




SouthBayDem

(32,085 posts)
76. So the Speaker of the House would fail background checks
Wed Nov 1, 2023, 11:57 AM
Nov 2023

required to work in finance, banking, insurance, or any other sector sensitive to handling money.

CTyankee

(63,935 posts)
78. his money is in the basement of his house.
Wed Nov 1, 2023, 11:59 AM
Nov 2023

It's all in stacks of bills of various denominations. He doles it out in envelopes.

smb

(3,480 posts)
83. I Found The Loophole!
Wed Nov 1, 2023, 12:11 PM
Nov 2023
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.


Note that the rules specify a number of dollars in the account. They don't say squat about accounts in rubles.

Dr. T

(97 posts)
84. Just like TFG,
Wed Nov 1, 2023, 12:13 PM
Nov 2023

he should've stayed in the closet where he could freely grift undetected. But since this cockroach decided to step into the light, the consequences of that decision are coming to fruition.

maxsolomon

(33,475 posts)
88. Isn't it most likely he just hasn't reported anything ever?
Wed Nov 1, 2023, 12:37 PM
Nov 2023

And no one ever looked until now?

Not sure who polices the required reporting - but there's probably zero penalties.

Bettie

(16,151 posts)
89. Maybe his paycheck goes through the church
Wed Nov 1, 2023, 12:43 PM
Nov 2023

that he gave sermons at, so he can avoid paying taxes.

Everything would be "owned" by the church, so he's free and clear.

I sometimes wonder if that is why Bobo is giving sermons every other week.

SidneyR

(84 posts)
90. Is there some sort of evangelical banking scheme?
Wed Nov 1, 2023, 12:44 PM
Nov 2023

I wonder if there are secretive evangelical money-stashing mechanisms.

Justice matters.

(6,960 posts)
91. Tax workers at the IRS about to 'lose' their job... wake up?
Wed Nov 1, 2023, 12:51 PM
Nov 2023

Time to try to save your own income, folks!

It's called "retribution" for a good cause... Yours!

Windicator

(157 posts)
92. No wonder repubes want to trash the IRS
Wed Nov 1, 2023, 12:53 PM
Nov 2023

They want to continue cheating on their taxes,
forcing honest Americans to make up the difference $$$



W_HAMILTON

(7,880 posts)
111. Even if it were, it's still required to be disclosed.
Wed Nov 1, 2023, 05:28 PM
Nov 2023
Spouse and Dependent Information

In general, reporting individuals must disclose the financial interests of their spouses and dependent children, in addition to their own. Only in rare circumstances, when the financial interest of a spouse or dependent child meets all three standards listed below, may a filer omit disclosure of an asset:

(1) The item is the sole interest or responsibility of the spouse or dependent child, and the reporting individual has no knowledge of the item;

(2) The item was not in any way, past or present, derived from the income, assets, or activities of the reporting individual; and

(3) The reporting individual neither derives, nor expects to derive, any financial or economic benefit from the item.

An individual is not required to disclose financial information about a spouse from whom he or she has separated with the intention of terminating the marriage or providing for a permanent separation.


Taken from: https://ethics.house.gov/financial-dislosure/specific-disclosure-requirements#fd_spouse_info

jgmiller

(395 posts)
100. Probably has at least one LLC
Wed Nov 1, 2023, 02:13 PM
Nov 2023

That he and his wife are directors of. It's no uncommon for lots of people with even small amounts of decent income or assets to do that for the tax breaks.

Alliepoo

(2,238 posts)
105. Smarmy little creep probably
Wed Nov 1, 2023, 02:50 PM
Nov 2023

Gets his monthly check cashed and divvies it up in his Dave Ramsey envelopes for his family’s expenses. /s/

dlk

(11,607 posts)
110. There appears to be good reasons Johnson has kept such a low profile
Wed Nov 1, 2023, 05:19 PM
Nov 2023

Now that he’s in the spotlight, more and more dirt is being revealed.

Bucky

(54,106 posts)
117. Well he's a lawyer. Maybe he lives paycheck to paycheck
Wed Nov 1, 2023, 05:44 PM
Nov 2023

Maybe he's so poor... (how poor is he?) he's so poor, he's been forced to share a billionaire with Clarence Thomas or Sam Alito

Ford_Prefect

(7,945 posts)
119. IMO Mike has an off-shore arrangement in Grand Cayman or somewhere like that. Through several opaque shell companies
Wed Nov 1, 2023, 05:50 PM
Nov 2023

it is ultimately owned by some LLC under his Wife as Director. The whole shootin' match is hiding under some kind of tax free, charitable network of organizations with a grandiose religious sounding title, and no record of payment to anyone other than certain nominal board members. Most likely modeled on something like Samaritan's Purse with advice from Franklin Graham, himself

C Moon

(12,227 posts)
120. This is probably why nobody in the GOP wanted the job:
Wed Nov 1, 2023, 06:04 PM
Nov 2023

don't want the spotlight, because they are all doing something similar.

babylonsister

(171,114 posts)
128. I think we all want to know
Wed Nov 1, 2023, 07:44 PM
Nov 2023

since it's not in a bank. Very mysterious or a logical explanation? No pushback from Dems?

James48

(4,446 posts)
134. Simple question: where does your paycheck go?
Wed Nov 1, 2023, 09:51 PM
Nov 2023

All government employees are required to use direct deposit for their pay.

It’s legally got to go to a bank account.

So where does YOUR check go, Mr. speaker?

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