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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDon't cry for Walmart on tax day
Don't cry for Walmart on tax day
by Laura Clawson
Walmart and the Walton family certainly have reason to be having a happy tax day. Americans for Tax Fairness rounds up the tax avoidance strategies Walmart and the Walton family use to keep taxpayers subsidizing their big profits and enormous wealth:
http://www.dailykos.com/story/2014/04/15/1292154/-Don-t-cry-for-Walmart-on-tax-day
by Laura Clawson
Walmart and the Walton family certainly have reason to be having a happy tax day. Americans for Tax Fairness rounds up the tax avoidance strategies Walmart and the Walton family use to keep taxpayers subsidizing their big profits and enormous wealth:
- Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer subsidies. The reason: Walmart pays its employees so little that many of them rely on food stamps, health care and other taxpayer-funded programs.
- Walmart avoids an estimated $1 billion in federal taxes each year. The reason: Walmart uses tax breaks and loopholes, including a strategy known as accelerated depreciation that allows it to write off capital investments considerably faster than the assets actually wear out.
- The Waltons avoid an estimated $607 million in federal taxes on their Walmart dividends. The reason: income from investments is taxed at a much lower tax rate than income from salaries and wages.
http://www.dailykos.com/story/2014/04/15/1292154/-Don-t-cry-for-Walmart-on-tax-day
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Don't cry for Walmart on tax day (Original Post)
ProSense
Apr 2014
OP
"Don't cry for Walmart on tax day, The truth is they've ALWAYS screwed you....."
Paladin
Apr 2014
#2
broiles
(1,367 posts)1. Ahh, the invisible hand of the free market.
Paladin
(28,246 posts)2. "Don't cry for Walmart on tax day, The truth is they've ALWAYS screwed you....."
Take it from there, "Evita" fans!
FSogol
(45,470 posts)3. K & R. n/t