From One Wisconsin Now comes news that PACUR LLC, the plastics company owned by Republican U.S. Senate candidate Ron Johnson, had zero net state income taxes from 1997 to 2008:
One Wisconsin Now obtained tax records for both Johnson and PACUR LLC, which show Johnson had net personal state income tax of $645,092 between 1997-2008, an estimated $9.5 million in earnings. Over the same period of time PACUR LLC had zero net state income taxes. (Figures for 2009 were not available.) [Wisconsin Department of Revenue]
Johnson has regularly criticized the tax system as it relates to businesses and individuals, including appearing at the April 15, 2010 so-called Tea Party anti-tax event at the state capitol in Madison just prior to entering the race for U.S. Senate.
“Ron Johnson will have to explain the scheme by which PACUR LLC is able to make political contributions while paying no state income taxes,” said Ross. “Perhaps Ron Johnson can get out his dry erase board and draw up the complicated tax shelters his accountants crafted in order to shield his business’s assets.”