Ron Johnson

Johnson $10M Payday Could Raise Red Flags For IRS

Susan Crabtree | June 30, 2011, 9:24AM

Sen. Ron Johnson's $10 million post-election windfall from his former company not only raises eyebrows among election lawyers, but the lump-sum payout also could raise serious red flags for the IRS, according to legal experts and accountants.

The Wisconsin Republican, a Tea Party favorite who defeated Sen. Russ Feingold (D-WI) last year, received a $10 million payment in deferred compensation from his former plastics company, Pacur, weeks after his $9 million self-financed 2010 campaign for Senate came to an end.

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Topics: FEC, Federal Election Commission, IRS, Justice Department, Ron Johnson, Russ Feingold