Democrat challenging Scott Walker hasn’t paid taxes on her business in 3 decades!
FReep Mail me if you want on, or off, this Wisconsin interest ping list.
That’s not a true statement. Sub-S corporations just pass the profits on to shareholders who must report and pay taxes on it. To be accurate, Trek hasn’t paid any Wisconsin CORPORATE INCOME taxes, but the shareholders paid taxes on the corporate earnings that were reported on their K-1s.
It’s no different than a sole proprietor who owns a business and takes all the profit in the form of salary, which he pays taxes on.