Tom Reed’s 2020 Financial Disclosure

mr-moneybags-blank

Reports are due May 15 of the following year. The House has 30 days more to post them. It isn’t clear why Tom waits till the last minute. Tom requested a 90 day extension in 2019 and 2020; it isn’t clear why.

Tom’s 2020 report is very different from previous years. There is no mention of Tom’s previous business interests.

Tom and family visited Tokyo at the expense of “The Former Members of Congress”  in February 2020.

Assets:

 2017201820192020
Corning Inc. IRA<$15,000<$15,000<$15,000<$15,000
CenturyLink IRA (Level 3 Communications)<$15,000<$15,000<$15,000<$15,000
M&T Bank accounts<$100,000<$50,000<$50,000<$50,000
Mineral RightsNoneNoneNoneNone
R&R Properties<$250,000<$250,000<$250,000
R&R Resource Recovery<$250,000<$250,000<$500,000
Twin Tiers Medical Billing  <$50,000
Financial Data

Notes:

  1. Tom again failed to note that Level 3 Communications merged with CenturyLink.
  2. Mineral rights are said to have no value until developed.
  3. Tom and family visited the Czech Republic in August 2015 at the expense of the Ripon Society and Franklin Center.
  4. Tom and family visited London, England in November 2016 at the expense of the Ripon Society and Franklin Center.
  5. Tom and family visited Berlin, Germany in August 2017 at the expense of the Ripon Society and Franklin Center.
  6. Tom and family visited Paris, France in November 2018 at the expense of the Ripon Society and Franklin Center.
  7. Tom visited Rzeszow, Poland,  in September   2019 at the expense of the Republican Main Street Partnership.
  8. Tom visited the Panetta Institute in San Francisco at their expense to receive an award in November,2019.
  9. Tom and family visited Tokyo in Feb. 2020 at the expense of “The Former Members of Congress.”
  10. This may explain why Tom’s businesses reportedly paid no taxes: “LLCs don’t pay taxes themselves. Instead, profits and losses are listed on the personal tax returns of the owner(s).”

Click to access 10038348.pdf

Click to access 10026746.pdf

http://clerk.house.gov/public_disc/financial-pdfs/2017/10022013.pdf

http://clerk.house.gov/public_disc/financial-pdfs/2016/10016804.pdf

http://clerk.house.gov/public_disc/financial-pdfs/2015/10011507.pdf

https://www.investopedia.com/terms/l/llc.asp

About whungerford

* Contributor at NewNY23rd.com where we discuss the politics, economics, and events of the New New York 23rd Congressional District (Allegany, Cattaraugus, Chautauqua, Chemung, (Eastern) Ontario, Schuyler, Seneca, Steuben,Tioga, Tompkins, and Yates Counties) Please visit and comment on whatever strikes your fancy.
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