(WI Senate) Ron Johnson’s PACUR Employees Are on BadgerCare (State-Subsidized Health Insurance)

[kpete]

Source: ExpressMilwaukee

Ron Johnson’s PACUR Employees Are on BadgerCare
Posted at 03:45 PM
In Section: Daily Dose Posted By: Lisa Kaiser

- Wow. For an allegedly self-made multimillionaire plastics manufacturer who worships the free market, Ron Johnson really knows how to use government programs to his advantage.

There’s a long list of government programs that have helped Johnson’s PACUR, from the government grant that most likely created his job, to the rail spur that leads directly to PACUR’s door, to the inmates who work at PACUR, but whose health care costs are paid by the state.

Now I’ve just found out from the state Department of Health Services that PACUR has five adults with ten children on BadgerCare, the state-subsidized health insurance plan for low-income workers.

But I thought that Johnson had the same insurance as all PACUR employees?

Read more: http://www.expressmilwaukee.com/blog-5963-ron-johnsonrss-pacur-employees-are-on-badgercare.html

[Ellipsis]

1. Don't forget that net savings from the prison labor as well.

MADISON, Wis. (AP) - Republican Senate candidate Ron Johnson, who has campaigned against government subsidies to business, employs up to nine prison inmates at his plastics factories whose health care costs are paid by the state, according to records obtained by The Associated Press.

Johnson, a political newcomer challenging Democratic U.S. Sen. Russ Feingold, is running as a businessman and job creator who opposes subsidies as government interference in the free market. He holds a slight lead in the race, according to recent polls.

Public records show that Pacur Inc. and Dynamic Drinkware LLC, two companies run by Johnson, employ up to nine inmates at a time through a state Corrections Department jobs program.


more...

http://www.wtopnews.com/?nid=104&sid=2073829

[Angry Dragon]

2. Interesting

PACUR has five adults with ten children on BadgerCare, the state-subsidized health insurance plan for low-income workers.

So he does not pay a living wage.
I wonder how much he is paid??

[Ellipsis]

3. $650,000.00 --- However his gross income was at least 1.46 million in 2009

Original Author:
Jud Lounsbury

<snip>

There is a big hole in Johnson's story though: He's not paying anywhere near 35% of his income toward Federal taxes. In fact, he's paying about half that number.

Ron Johnson had a gross income of at least 1.46 million in 2009 -- it was probably much more, but since he has refused to release his taxes, we don't know for sure. The only information we have to go on is his senate personal financial disclosure forms. But, for the sake of argument, let's assume that his gross income was actually 1.46 million. Of that, 1.46 million, only $650,000 (his salary from the plastic company) was taxed at the highest income tax rate of 35%.

<snip>

The rest of his $580,000 income wasn't taxed at all, because of a wide variety of tax credits and deductions.

<snip>

Plus, there is another huge elephant in the room. Johnson loaned himself (through his plastic company) several million dollars in 2004 and 2007 at a below-market interest rate of .69%. He did this for two reasons: 1) It reduced the profit margin of his plastic company (less corporate taxes) and 2) It was a way of getting income without paying the income tax rate of 35%.


more...

http://rootswire.org/content/ron-johnson-pays-half-much-taxes-he-claims

He's a creative accountant that's for sure..

[midnight]

4. This is good information, too bad the public will be unaware of it.....

All they know is he is an accountant who will create jobs, and they believe him.