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. It has not been verified for its accuracy or completeness.
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