Posts Tagged ‘income taxes’

Terrence Wall has avoided state income taxes

January 15, 2010

According to Wispolitics, U.S. Senate candidate Terrence Wall has not paid his state income taxes in four out of the last five years.

GOP U.S. Senate candidate Terrence Wall paid no personal state income taxes in four of the past five years, according to figures obtained from the state Department of Revenue.

From 2004 to 2008, Wall, a real estate developer who lives in the Madison enclave of Maple Bluff, only had a state personal income tax liability in 2005, when he paid $43,520, according to DOR records. That one-year amount was more than Wall’s GOP primary opponent David Westlake of Watertown and Dem U.S. Sen. Russ Feingold of Middleton each personally paid in total state personal income taxes over the five-year period.

It’s always hard to tell how important a story like this will turn out to be in a campaign, but I will say that this attack would be more effective than usual coming from Feingold, who has not only made a name for himself as a champion of ethics, but is the poorest member of the U.S. Senate.

Granted, I wouldn’t be surprised if there is some explanation from Wall. He’s an incredibly rich dude –– there’s little reason for him to deliberately avoid income taxes, especially if he’s been politically ambitious for a while. I would also watch out for the fact that he apparently has paid them in one of the past five years, which indicates that the failure to pay in the other years was likely more of a mistake than a deliberate abuse of the system.

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