Billionaire Trump backer paid no state income tax for 3 years, records show. [View all]
Source: USA Today
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 Milwaukee 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.
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 late husband, Ken, in 1982, posts annual sales of about $6 billion. Ken Hendricks died in 2007.
State records show Hendricks, who is now chairman of ABC Supply, paid $290,415 in Wisconsin income taxes in 2011. In addition, Scott Bianchini, ABC Supply tax director, said Hendricks paid $7.6 million in state income taxes for last year.
There is no public record of that 2015 payment since Hendricks received an extension to file the return. "You'll be able to verify that next year," Bianchini said.
Read more: http://www.usatoday.com/story/news/nation-now/2016/06/09/billionaire-trump-backer-paid-no-state-income-tax-3-years-records-show/85650952/
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