Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

At Least 58 Lawmakers Among Top 1%

Darrel Issa, Michael McCaul, and John Kerry top the list

By Kevin Spak,  Newser Staff

Posted Nov 16, 2011 11:40 AM CST

(Newser) – About 11% of Congress might be taking Occupy Wall Street’s anti-1% rhetoric personally. At least 58 lawmakers have a net worth north of $9 million, putting them in the top 1% of all Americans by wealth, according to a USA Today analysis of financial disclosure forms. The actual figure is a bit murky, however, as lawmakers only report their assets in broad ranges, and don’t need to disclose their property values.

What’s not murky: Congress is overwhelmingly well-to-do, with 250 millionaires and a median net worth of $891,506, almost nine times that of the average American household. “The vast majority of members of Congress are doing very well,” says a Center for Responsive Politics member. Overall Republicans have more 1%-ers in the House (24) than Democrats (10), while in the Senate, Democrats edge Republicans 13 to 10. Darrell Issa is the wealthiest lawmaker with an estimated $448.1 million.

House Oversight and Government Reform Committee Chairman Rep. Darrell Issa, R-Calif., speaks on Capitol Hill, June 2, 2011, during the committee's hearing on the impact of the Gulf Oil Spill.
House Oversight and Government Reform Committee Chairman Rep. Darrell Issa, R-Calif., speaks on Capitol Hill, June 2, 2011, during the committee's hearing on the impact of the Gulf Oil Spill.   (AP Photo/Harry Hamburg)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
6%
3%
59%
5%
12%
15%
To report an error on this story, notify our editors.
COMMENTS
Showing 3 of 27 comments
Derni
Nov 16, 2011 5:41 PM CST
the data -stats -show how we expect the wealthy to actually speak for and act on behalf of the middle or lower classes..it will not happen..they have a vested interest (biologically too) in making sure the top 1% continues their dominance..we need representation from the bottom and the middle..oh, never will happen?? welcome to the plutocracy..and then one asks, "why do people occupy wall st..and other cities around the world?" LOL you know why..to take back their FREEDOM and to actually have a voice..the only voices heard in America our the Supreme Curt clowns..The Wall St and corporate Americans..and the do nothings in Congress.V for Vendetta
jerrymac
Nov 16, 2011 4:08 PM CST
This is a total crock of shit! According to the IRS's statistics, in 20080, anybody making $380,354 (Adjusted Gross Income) or more is the top 1% of taxpayers. The earnings for 2009's top 1% dropped to $343,927 A couple working 2 semi-decent jobs makes that.  These are the evil top 1% Occupy protesters are bitching about? In 2008, anyone making $113,799 or more was in the top 10%. In 2009 the earnings dropped to $112,124. Furthermore, there in 2008 there were only 323,067 Americans who filed returns with an AGI of $1 million dollars or more. Anybody with half a damn brain can look this up for themselves. The press has been ignoring these simple facts in order to push a political agenda, cherry picking facts to suit their purposes.Total BS.
finkster
Nov 16, 2011 1:09 PM CST
What surprises me is how Newser printed this article in the first place Being a highly liberal site I expected articles of the big bad evil Republicans and the pure goody Democrats What happened Newser? Did you get betrayed by some Democrat while throwing tons of cash at him?....hahaahahahahaha
 

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne