Typical Republican Thievery

Phoenix68

Well-Known Member
Joined
Mar 12, 2022
Messages
12,519
"Republican Sen. Ron Johnson has acknowledged that a major provision he fought to insert into former President Donald Trump's signature 2017 tax bill helped his old plastics firm and many others financially.

What he
didn't say was how much it could be benefiting members of his family.

The
provision gave a huge tax cut to companies called "pass-throughs"limited liability companies and other firms that pass all their income onto the owners or investors. Companies structured this way, often small, family-owned businesses, are not subject to corporate income tax.

Records show that
Johnson's three adult children are the beneficiaries of a family trust and are listed as managers of about 10 companies registered with the state Department of Financial Institutions. Many of the companies also list Johnson's wife, Jane, as a manager.

Those
LLCs and the family trust
own about two dozen properties around the nation with assessed values of $21 Million, according to a Milwaukee Journal Sentinel review of property records and other documents."
.
 
Werbung:


Write your reply...
Back
Top