Quote:
Originally Posted by Morrigoon
Okay shmartypants... at what political level does it become necessary to reveal one's personal financials?
|
Depends on what you mean by reveal. There is no requirement at any level (so far as I know) for providing the public with detailed personal financial information such as releasing tax returns. That is just something candidates are bullied into by the media, opposing candidates, and to a lesser extent the voters.
However, there are various regulations and body bylaws requiring various elected officials to make various less detailed disclosures (such as "I own between $50,000 and $500,000 in a DJIA indexed mutual fund; I own between $500,000 and $3 million in real estate, etc.). I know that congressman and senators have this requirements. I don't know if the president does (since I don't think Congress could force it on the president -- separation of powers -- it would seem to me voluntary).
That's my understanding of it, anyway.