personal financial disclosures

What Voters Can Learn From Tax Returns
Tax returns and annual financial disclosures contain different information

Tax returns provide snapshots of an individual’s annual net taxable income. (Courtesy Ken Teegardin/Flickr CC BY-SA 2.0)

Candidates and members of Congress are required by law to file personal financial disclosures that are designed to shed a light on their potential conflicts of interest.

These documents show a lawmakers' assets and liabilities, reported in broad ranges. Tax returns, in contrast, provide snapshots of their annual net income, are subject to audit and require taxpayers to report specific amounts.