2022 Form 6 · annual filing (Commission on Ethics) · received 2023-05-11 · 3 pages (text)
Net worth$2,000,000
Income listed$179,853
Real estate$0
Debts listed$0
Worth a look1
Net worth over time
Where listed income comes from
Investments & retirement 100% $179,853 · State Of Florida Pension System, Social Security Administration, Vanguard IRA Required Min Dist
Worth a look 1
Worth a lookUnusual reporting
Reports a $2,000,000 net worth but lists no assets (only $60,000 of household goods)
The assets section is marked “N/A”, yet net worth is $2,000,000. Every asset worth more than $1,000 has to be listed, so about $1,940,000 of what this filer owns isn't shown. Income is listed from Vanguard IRA Required Min Dist, which suggests accounts there that should appear as assets.
What to check
Compare with the filer's other filings: which assets did they list before?
Which accounts would produce the income listed?
Rule: Net worth with no assets listed
“Describe, and state the value of, each asset you had on the reporting date”2022 Form 6 instructions, Assets ✓ quoted from the saved instructions · how this rule works
Context 3
ContextUnusual reporting
Net worth $2,000,000; listed items add up to $60,000
Reported net worth: $2,000,000. Household goods + listed assets − listed liabilities = $60,000. A difference is normal: net worth also counts assets and debts that aren't listed individually (items under $1,000, credit cards, taxes), and the instructions say subtracting listed liabilities from listed assets won't give an accurate figure in most cases.
What to check
No action needed unless other items look off.
Rule: Net worth vs. listed items
“Simply subtracting your liabilities from your assets will not result in an accurate net worth figure in most cases.”2022 Form 6 instructions, Net Worth ✓ quoted from the saved instructions · how this rule works
ContextIncome & business ties
83% of listed income ($150,000) comes from State Of Florida Pension System
Listed income totals $179,853 from 3 sources. The largest is classed as investments & retirement.
What to check
Who is this source, and does it have business before the office sought?
If the filer owns it, check the business section and secondary income.
Rule: Where the money comes from
“List the name of each source of income that provided you with more than $1,000 of income during”2022 Form 6 instructions, Income ✓ quoted from the saved instructions · how this rule works
ContextWealth & holdings
Reports a net worth of $2,000,000 — a millionaire on paper
Net worth is the filer's own figure. Being wealthy isn't a problem; it's context for comparing candidates and for reading the rest of the form.
What to check
Compare with the other candidates in the race.
Check that the large assets below are described and valued clearly.
Rule: Net worth tier
“Report your net worth as of”2022 Form 6 instructions, Net Worth ✓ quoted from the saved instructions · how this rule works