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Wisconsin
Related: About this forumWisconsin: Beloit billionaire (who supports Walker and Trump) posts string of zeros on state returns
http://www.jsonline.com/news/statepolitics/beloit-billionaire-posts-string-of-zeros-on-state-returns-b99740692z1-382311081.htmlBeloit billionaire Diane Hendricks, the richest woman in Wisconsin and a vice chair of the Trump Victory fundraising committee, didn't pay a dime in state income tax from 2012 through 2014, records obtained by the Journal Sentinel show.
Hendricks, 69, has a net worth of nearly $5 billion, according to an estimate by Forbes Magazine, which this month named her "America's Richest Self-Made Woman" edging out Oprah Winfrey, who the magazine said had a net worth of $3.1 billion. Judy Faulkner, founder and CEO at Epic Systems Corp., a Verona health care software company, came in third with an estimated net worth of $2.4 billion.
Hendricks, co-founder and owner of ABC Supply Co. the nation's largest supplier of roofing also owed no state taxes in 2010, meaning she paid no Wisconsin income taxes in four out of five years. The company, which she founded with her husband, Ken, in 1982, posts annual sales of about $6 billion. Ken Hendricks died in 2007.
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Republican National Committee Chairman Reince Priebus in May named Hendricks to the leadership team for Trump Victory, a committee that will raise funds for Donald Trump's presidential campaign, the RNC and 11 state GOP committees. She has been a major ally and contributor to Gov. Scott Walker, pouring $5 million into a super PAC that was formed to support the Republican governor's failed presidential bid. She also gave $500,000 to Walker's 2012 recall campaign.
Hendricks, 69, has a net worth of nearly $5 billion, according to an estimate by Forbes Magazine, which this month named her "America's Richest Self-Made Woman" edging out Oprah Winfrey, who the magazine said had a net worth of $3.1 billion. Judy Faulkner, founder and CEO at Epic Systems Corp., a Verona health care software company, came in third with an estimated net worth of $2.4 billion.
Hendricks, co-founder and owner of ABC Supply Co. the nation's largest supplier of roofing also owed no state taxes in 2010, meaning she paid no Wisconsin income taxes in four out of five years. The company, which she founded with her husband, Ken, in 1982, posts annual sales of about $6 billion. Ken Hendricks died in 2007.
...
Republican National Committee Chairman Reince Priebus in May named Hendricks to the leadership team for Trump Victory, a committee that will raise funds for Donald Trump's presidential campaign, the RNC and 11 state GOP committees. She has been a major ally and contributor to Gov. Scott Walker, pouring $5 million into a super PAC that was formed to support the Republican governor's failed presidential bid. She also gave $500,000 to Walker's 2012 recall campaign.
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Wisconsin: Beloit billionaire (who supports Walker and Trump) posts string of zeros on state returns (Original Post)
Scuba
Jun 2016
OP
back in the 70s her company hendricks roofing were notorius slumlords in beloit
dembotoz
Jun 2016
#3
voteearlyvoteoften
(1,716 posts)1. Cheapskate!
safeinOhio
(32,632 posts)2. "Taxes are for little people"
to quote another popular rich republican woman.
dembotoz
(16,784 posts)3. back in the 70s her company hendricks roofing were notorius slumlords in beloit
did she unload those properties to clean up her rep with abc supply?
Scuba
(53,475 posts)4. No clue. I never heard of her until the "divide and conquer the unions" video went viral ...
Angry Dragon
(36,693 posts)5. The Weasel and The Shrew
Jimbo S
(2,958 posts)6. Income is taxed, not wealth
So I'm curious how she works it out so that she has zero AGI. Does she draw a $1 salary? Her wealth in stock? Charitable deductions? Maybe the tax bill will come due when she cashes out. She must have a good accountant.