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Absolutely obscene. Just thinking about my average apartment that would include 5 desktops, 2 phones, 2 tvs, couch, sundry jewelry, etc. Plus cars and other big ticket items. And I really don't have a lot of stuff outside my computer hobby. I'm almost certainly missing quite a few things, as well.
I also see room for creative interpretation.
That laptop might have been worth more and $1K a few years ago, but is it still? Probably not, but does the law make that distinction?
Yes, depreciation is a pretty standard thing.
The law was written to specifically target city level officials (who are often Democrats) and includes jail time for any errors found during an audit.
The law specifically does not apply to state level officials (who are almost all Republican).
So it is an open question if depreciation is considered at all, because this law is not a Transparency Law, it's a "Punish Democrats we don't like with Jail" law.
Is that actually average in the US? I own not a single thing worth more than $1000 and I do have a job. I'm not trying to make a point or anything, just interesting to think how much people have.