2017: Ron Johnson Made At Least $450,000
But Paid LESS in State Income Tax Than a Wisconsin Couple Earning $40,000
One month after reports that Wisconsin GOP U.S. Sen. Ron Johnson, a multimillionaire, fought to secure tax breaks for his biggest billionaire donors, a new report from the Milwaukee Journal Sentinel reveals that Johnson himself made at least $450,000 in 2017, but paid “Wisconsin a total of $2,105 in state income taxes” — less than “a married Wisconsin couple who jointly reported a taxable income of $40,000.”
Milwaukee Journal Sentinel: Bice: Multimillionaire U.S. Sen. Ron Johnson paid a mere $2,105 in state income taxes in 2017, despite making big bucks
By: Daniel Bice | September 30, 2021
Key Points:
- “[S]tate records say Johnson, an Oshkosh Republican, paid Wisconsin a total of $2,105 in state income taxes for 2017.”
- “For context, a married Wisconsin couple who jointly reported a taxable income of $40,000 — that is, their adjusted gross income minus all deductions and credits — would have had a 2017 state income tax bill of $2,107, two dollars more than what Johnson paid.”
- “So why the big tax break four years ago? A special one-year deduction? Business losses? Large charitable contributions? Or a tax break as a result of former President Donald Trump‘s 2017 tax bill? Johnson’s staff isn’t saying.”
Read the full Milwaukee Journal Sentinel report HERE.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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