Wednesday, August 8, 2007
News Add It Up: Wealth and power
Posted by Andisheh Nouraee on Wed, Aug 8, 2007 at 1:37 PM
Of the 15 senators and representatives representing Georgia in Congress, number who are millionaires: 11
Percentage of Americans in 2005 whose net worth exceeded $1 million: 3
Median family income in Georgia in 2005: $53,744
Annual salary of U.S. senators and representatives: $165,000
Amount Rep. John Linder, worth $23.5 million, says he earned in royalties from the book The Fair Tax, co-authored with talk-show host Neal Boortz: $500,000
Approximate tax owed on $500,000 book income: $147,206
Tax Linder would owe on $500,000 book income if his Fair Tax proposal became law: $0
Combined self-reported net worth of Republican senators Johnny Isakson and Saxby Chambliss: $12.7 million
Cost over five years of children's health-care funding that Isakson and Chambliss voted against last week: $35 billion
Cost over next decade of extending Bush-proposed tax cuts, a proposal both senators support: $1 trillion
Sources: Macon Telegraph, U.S. Census Bureau, CNN Money.com, the Center for Responsive Politics, Washington Post, MoneyChimp.com, Congressional Budget Office
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