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kpete

(71,898 posts)
Mon May 14, 2012, 10:49 AM May 2012

Company Owned By Walker's Biggest Donor Paid -NO- State Corporate Income Tax In Recent Years

Company Owned By Walker's Biggest Donor Paid No State Corporate Income Tax In Recent Years
Jack Norman at the Institute for Wisconsin's Future has this stunning disclosure:

Billionaire Walker donor pays no state corporate income tax

Diane Hendricks gave $500,000; her Beloit firm pays $0 income tax


Beloit billionaire businesswoman Diane Hendricks has been in the news recently because of her political activism on behalf of Gov. Scott Walker. It was in a conversation with Hendricks that Walker made his now-famous comment about using a “divide and conquer” strategy against labor unions.

During a three-month period in 2012, Hendricks donated $500,000 to Walker’s campaign, according to the Wisconsin Democracy Campaign. She is the largest single donor to the governor’s anti-recall campaign, outspending even fellow billionaires Sheldon Adelson (Las Vegas casinos) and Richard DeVos (Amway).

Hendricks, whom Forbes magazine says is worth $2.8 billion, heads Beloit-based ABC Supply Company, which the magazine calls “the nation’s largest roofing, window and siding wholesale distributor” with annual sales approaching $5 billion.

ABC Supply may be a huge money-maker for Hendricks, but the Wisconsin corporate income tax returns she files claim the company makes not a penny in taxable profit.

more:
http://thepoliticalenvironment.blogspot.com/2012/05/company-owned-by-walkers-biggest-donor.html

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Company Owned By Walker's Biggest Donor Paid -NO- State Corporate Income Tax In Recent Years (Original Post) kpete May 2012 OP
And Walker is protecting the taxpayer How? postulater May 2012 #1

postulater

(5,075 posts)
1. And Walker is protecting the taxpayer How?
Mon May 14, 2012, 01:04 PM
May 2012

By allowing her trucks to use our highways without paying for them?

And this is while he outsources our road maintenance jobs to a Michigan firm.

Elizabeth Warren for Governor of Wisconsin!!! (wish)

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