Categorized | National

Subsidizing Walmart on the Taxpayer’s Dime

 

Taxpayers Support Walmart & Family to the Tune of $7.8 Billion a Year

GOOD HUMOR VIDEO

 

Skippy Massey
Humboldt Sentinel

 

AFL-CIO Everyone needs a place to shop. 
But not everyone need pay their fair share of taxes like you.

A new report from Americans for Tax Fairness shows that taxpayers in the United States subsidize Walmart and the Walton family, who owns the majority of Walmart stock and is the richest family in the country, by at least $7.8 billion annually.

The report, Walmart on Tax Day: How Taxpayers Subsidize America’s Biggest Employer and Richest Family, was released in conjunction with tax day, when millions of Americans and small businesses do their civic duty and pay their fair share to support the economy and services critical to many Americans.  At the same time, the report shows, taxpayers help pad Walmart and the Walton family’s profits.

The report makes it very clear that not only do Walmart and the Waltons not need these subsidies, but that the company could more than afford to raise salaries and improve benefits for their workers, more than half of whom made less than $25,000 last year:

Walmart is the largest private employer in the United States, with 1.4 million employees.

The company, which is number one on the Fortune 500 in 2013 and number two on the Global 500, had $16 billion in profits last year on revenues of $473 billion.

The tax breaks and taxpayer subsidies that Walmart gets, more than $7.8 billion every year, are enough to hire 105,000 new public school teachers, notes Americans for Tax Fairness.  An estimated $6.2 billion of that money comes from food stamps, health care and other taxpayer-funded programs that Walmart employees are eligible for because their salaries are so low. 

Another $1 billion is derived from tax breaks and loopholes Walmart uses to avoid paying its full tax burden. 

The Walton family avoided paying an estimated $607 million in taxes because much of their compensation is derived from dividends, which are taxed at a lower rate than salaries.

Other tax avoidance methods Walmart engages in comes from economic development subsidies from state and local governments.

Furthermore, the report estimates that the Walton family avoids paying another $3 billion in taxes by dodging estate taxes. Taxpayer funds further benefit the company from customers who don’t work for the corporation but spend food stamp money there, with an estimate of $13.5 billion in sales last year.

The Walton family, who owns more than 50 percent of Walmart shares, reaps billions in annual dividends from the company.  The six Walton heirs are the wealthiest family in America, with a net worth of $148.8 billion.  Collectively, these six Waltons have more wealth than 49 million American families combined.

Read the full report.

 

Please share this with others
and follow us on Twitter and Facebook

One Response to “Subsidizing Walmart on the Taxpayer’s Dime”

  1. OUTRAGED says:

    The real original Tea Party fought, sacrificed life and limb, so that we have the right to pay taxes to ourselves through government.

    How do we pay respect to that first original Tea Party’s heroics? We crate a new royalty called Corporations and other uber rich and we pay for their infrastructure, subsidize their servant class so they can have numerous homes, travel the world, spoil their children and their dogs and play and indulge. We underfund OUR government then complain IT doesn’t work…It can’t work if we don’t WORK IT as our fore fathers fought gallantly to enable us to do. We pay the rich and rob the government…like Robbin Hood in reverse.

Trackbacks/Pingbacks


Leave a Reply

HumSentinel on Twitter

RSS Progressive Review

  • Phiadelphia police stop tens of thousands illegally
    ACLU - The ACLU of Pennsylvania and the law firm of Kairys, Rudovsky, Messing & Feinberg filed a report as part of the monitoring process of the 2011 consent decree in Bailey v. Philadelphia, a lawsuit filed in 2010 alleging that Philadelphia Police Department officers had a pattern and practice of stopping and frisking pedestrians without reasonable sus […]
  • The real economy
    Michael Snyder, Activist PostAccording to a survey that was just released, 24 percent of all Americans have more credit card debt than emergency savings.At this point, approximately 62 percent of all Americans are living paycheck to paycheck.Adults under the age of 35 in the United States currently have a savings rate of negative 2 percent.According to resea […]
  • Word: Jihadi John
     Djelloul Marbrook -  This guy is getting more attention in the press than the underlying causes of the Middle East turmoil. The press has kept a constant focus on him, for example, while failing to give us a clue as to what happened to the thousands of troops Jordan moved to its Iraqi border and the implications of that move. There is a reason and it, as us […]
  • Revolutionary visionary
    In short my dear Friend you and I have been indefatigable Labourers through our whole Lives for a Cause which will be thrown away in the next generation, upon the Vanity and Foppery of Persons of whom we do not now know the Names perhaps. — The War that is now breaking out will render our Country, whether she is forced into it, or not, rich, great and powerf […]
  • Furthermore. . .
    Adjunct professors fighting back […]
  • Race to the Bottom: Federal officials
    Michael RogersJohn BrennanArne DuncanJeh JohnsonAntonio ScaliaJames Clapper […]
  • How to take on standardized testing
    World Prosperity - Ways for teachers to fight the standardized testing movement: • You can prepare your students for the tests, but then get back to concentrating on real learning.  Keep it clear in your mind that these are two different objectives.  Whenever possible, help others to see the difference (in letters to parents, for example). • Don't devot […]
  • Word
    Schoolmasters and parents exist to be grown out of - John Wolfenden […]
  • How Portugal slashed its drug addiction rate
    Portside - Nearly 15 years ago, Portugal had one of the worst drug problems in Europe, with one percent of the population addicted to heroin. They had tried a drug war, and the problem just kept getting worse.So they decided to do something radically different. They resolved to decriminalize all drugs, and transfer all the money they used to spend on arresti […]
  • Scott Walker puts labor unions in same class as ISIS
    Scott Walker - I want a commander in chief who will do everything in their power to ensure that the threat from radical Islamic terrorists does not wash up on American soil. If I can take on 100,000 protesters, I can do the same across the world." […]
  • Cable speeding up programs to get more ads in
    Tech Dirt - The latest example of cable industry tone deafness? With cable and broadcast ratings continuing to fall, more and more people have been complaining that the industry increasingly likes to speed up programs notably so more ads can be stuffed into every hour. By speeding up Seinfeld by about 7.5%, for example, the industry can manage to deliver an […]
  • Furthermore. . .
    The feud between Rahm Emmanuel and Howard Dean Chicago police black site updateThe Federal Communications Commission voted Thursday to overturn laws in Tennessee and North Carolina that restrict the ability of local government to provide Internet service to their own residents. […]
  • FCC votes for open Internet
    Salon - The FCC voted in favor of the Open Internet Order, new net neutrality rules that would prohibit paid Internet paid fast lanes, and reclassify broadband providers as telecommunication services under the Title II of the Telecommunications Act, among other regulations.The rules were passed by a 3-2 vote along party lines, with Commissioners Ajut Pai and […]
  • Missouri judge rules against state's participation in Common Core
    Valerie Strauss, Washington Post - The fighting over the Common Core initiative continues: A Missouri judge said the state’s membership in a federally funded testing consortium charged with creating an assessment aligned with the Common Core standards is illegal. And what’s more, he ruled that the state should stop paying fees to the group, the Smarter Balan […]
  • Wisconsin vs. Minnesota
     Khary […]