Scott Walker's billionaire sugar-mommy paid no corporate state income taxes in recent years

[brentspeak]

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

Sunday, May 13, 2012

During a three-month period in 2012, (Diane) 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.

ABC Supply paid exactly $0.00 in state corporate income tax in 2005, 2006, 2007 and 2008, according to the state Department of Revenue. Tax data for more recent years were not available when the information was requested from the department.

[WillyT]

1. K & R !!!

[Blecht]

2. Of course she didn't

Taxes are for the little people.

[beac]

3. Disgusting and, sadly, not surprising.