Republican U.S. Senate candidate, multi-millionaire, real estate magnate and pumpkin farmer Terrance Wall has claimed that there’s no such thing as a “fair share” of taxes due from an individual. In that spirit, I propose a new law for Wisconsin’s esteemed legislators to pass that will rectify this. I call it Terry’s Law.*
Terry’s Law* will rightfully award real estate developers the right to fully unburden themselves of tax payments to the state of Wisconsin. Face it: real estate developers do hard work. They make jobs, at least for a little while, before the work ends. And then, the shopping malls that they create in turn make more jobs. Sure, they don’t pay very well, but how can we build a nation of service industry workers if we don’t try?
And think about this: the man’s got something like a hundred squillion dollars in a bank account. We need to make sure that money stays in Wisconsin. Terry’s Law* will ensure that 100% of the income taxes otherwise due from the developer to the state is paid by the state to the developer. This would ensure that the beneficiaries of the law continue to create jobs (see above) and keep their money here, not in a bank account in the Bahamas or Delaware. Mr. Wall himself set the precedent. He hasn’t paid state income tax for years! So let’s make it official. It’s the right thing to do. It’s the fair thing to do.
Call your legislator and demand passage of Terry’s Law*!
* Not to be confused with Terri’s Law.