Terrence Wall: Tax Dodger Extraordinare

Who should our U.S. Senators be?

Should they be people like you and me, some of whom have graduated from college a little later in life, people who have honestly worked for their adult life?

Or should they be like along the lines of Maple Bluff property developer Terrence Wall? According to Zach W’s handy T. Wall Tax Loophole Tracker, Mr. Wall has gotten out of paying over $100,000 almost $300,000 in taxes thanks to his exploiting loopholes, like his now infamous “pumpkin patch” in Middleton. (Funny thing is, I remember when that was farm land!)

There’s also the matter of Mr. Wall using Delaware mailing addresses for some of his businesses, another cheap and easy way to save big on taxes.

And now, consider this: the multi-millionaire Mr. Wall has not paid any income taxes to Wisconsin four out of the last five years. Despite having an income somewhere between $3,500,000 and $15,000,000 million, and having personal assets worth $58,584,046 to $129,862,000, Wall has not paid a cent to the state of Wisconsin since 2005.

But he can still lend his own campaign a full $275,000!

Update: Make that most of the last decade. Lucky dog!

WisPolitics has a chart showing what Sen. Feingold and his ostensible opponent David Westlake honestly paid in taxes.

I have a hard enough time wrapping my mind around the scope of those numbers, or how anyone can have “personal assets” worth enough to buy a football team. Regardless, something is afoot here—and it reeks of a deep dishonesty.

This comes on the heels of David Westlake saying he’s not going to raise campaign money in the usual manner, and just days before Mr. Wall would normally declare himself a candidate. Mr. Wall, you have a hard choice to make as to whether or not you want to continue this pursuit. Only you know what other tricks we will yet discover you have pulled.

Advertisements

Author: Jason Haas

Jason is an elected member of the Milwaukee County Board of Supervisors, occasionally moonlights as an amateur gardener, and is a proud father of two, or three, depending on how you do the math.