ML - The way the world works - analyzing how things work
ML - The way the world works - analyzing how things work
David Nishimoto
Free lunch
15 minutes Posted Jul 13, 2022 at 7:21 pm.
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Mattera has discovered Wal-Mart subsidies total $1 billion. Subsidies give Wal-Mart against other competitive retailers that do not receive a subsidy and not politically connected. In the past decade, Wal-Mart has collect $52 billion in sales tax from customers and paid a small fee for processing the money. Over the last decade, Wal-Mart paid $4 billion in local property taxes, 25 cents for every 100 dollars revenue. Walmarts revenue for ten years totaled more than $1.6 trillion. The company paid $192 million in income and unemployment taxes to local governments. Income and jobless taxes amount to a penny for each $100 revenue. In 2006, Wal-Mart tool in $348 billion in sales.
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