Local Billionaire Pays Zero In State Taxes
Beloit, Wisconsin is making the news. Not for anything that the city has done, but one of its own has been found to not pay state taxes for 3 years.
According to the Journal Sentinel, sixty-nine year old Diane Hendricks, the richest woman in the state of Wisconsin and the vice chair of the Donald Trump fundraising committee, paid nothing in state income tax from 2012 till 2014.
She is the co-founder of the roofing supply company ABC Supply Company. The company was founded by Hendricks and her late husband Ken back in 1982.
She is worth five billion dollars, which was an estimate by Forbes Magazine. The Beloit billionaire was recently named "America's Richest Self-Made Woman"
Will it effect the Trump campaign? According to Mordecai Lee, a former Democratic state legislator who now teaches at the University of Wisconsin-Milwaukee, not much impact at all will be seen. "It may not have much impact, however, with Trump supporters or people who are right of center, Lee said."
The entire article can be found here.