Tommy Thompson has put his money behind South Milwaukee.
Among the municipal bonds he has invested in are some from our fair city, according to this story in the Milwaukee Journal Sentinel. And here is a more detailed story on the results of the former governor and current Senate candidate’s financial disclosure this week.
From it:
In the interview, Thompson said his actual net worth is roughly $13 million. He provided a letter from his accountant saying he paid an effective federal tax rate of 31.1% in 2010 (36.1% when state taxes are factored in), noting the controversy over GOP presidential candidate Mitt Romney, who paid less than 15% on multimillion-dollar earnings. Thompson said he would release his tax returns if he becomes a U.S. senator but did not promise to do so during the campaign.
A review of Thompson’s stock holdings, contained in the 63-page report, shows Thompson holds health care-related stocks, energy stocks, stocks in Wisconsin companies, municipal bonds, including several in Wisconsin, and even some holdings that any investor would consider blue-chip stocks.
If you need a refresher on municipal bonds, this information from the Securities and Exchange Commission is sound.
South Milwaukee Blog 