You are paying for it

[dellinger63]

WalMart's annual income statement speaks volumes.....

Using 2013 numbers

Total Sales: $469.16 billion. If we use Wisconsin as the example (as done in the original article cited) the sales tax comes to $23.45 billion

Salaries, wages etc. $88.87 billion. In WI the lowest State Income tax rate is 4.4% or $3.9 billion in State taxes, another $5.5 billion in FICA taxes and even if we use 15% as a median Fed Tax % it adds another $13.3 billion

Income Tax Paid by WalMart $7.98 billion

The WalMart Foundation handed out $1 billion to charity

All those billions add up to a grand total of $55.13 billion

Oh and let's not forget the newly discovered GM rule in that 77K workers represented 1 million ancillary jobs. Applying it to WalMart's 1.4 million workforce comes out to 18.18 million jobs, all paying State, FICA and Federal taxes.




http://www.marketwatch.com/investing...wmt/financials

[GenuineRisk]

Originally Posted by dellinger63

Oh and let's not forget the newly discovered GM rule in that 77K workers represented 1 million ancillary jobs. Applying it to WalMart's 1.4 million workforce comes out to 18.18 million jobs, all paying State, FICA and Federal taxes.




http://www.marketwatch.com/investing...wmt/financials

No. Because large amounts of WalMart product is manufactured in Asia.

My stepfamily, as I think you know, is Cambodian. When I visited, in 2002, my cousin was earning $1 a day in a factory. In order for her to be able to take a family trip with us to Angkor Wat, I had to bribe the factory foreman $4 per day so that he wouldn't fire her for the four days she was gone.

That was almost 12 years ago. In 2014, she's lucky she wasn't one of the workers manufacturing product for Wal Mart who were shot by police:

http://www.ibtimes.co.uk/cambodia-wa...llings-1431677