For every dollar spent at Walmart, who earns a greater % in final profit?
- Walmart66.4%
- State governments33.6%
1,062 votesFinal results
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So, correct me if I'm wrong, but I think the majority of voters in this poll are wrong?
finance.yahoo.com/quote/WMT/fina
This looks like an average of 3.03% final take-home profit across 3 quarters, for Walmart.
accountingweb.com/tax/sales-tax/
This looks like average sales tax is 8.45%.
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Your poll was kinda nonsensical as it would be unknowable to what extent the state is making profit off of walmart by tax compared to how much it has spent on myriad of services(Roads, Military, Fire Department) provided over the years that benefit Walmart.
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I think the thing I was trying to compare was, for every dollar spent at walmart, does more of that dollar go to walmart or to the government? And the answer looks like the government.
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The avoided paying tax on an estimated 3.5 billion dollars a year by shifting profits to a number of Luxembourg subsidiaries. There were 22 in 2015 ... it's hard to know how many there are now.
The Walton's aren't nice people. They're thieves.
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I generally feel very distrustful of the government. A lot of the 'tax money' disappears, and a huge chunk of it goes to the war machine. A lot of it also goes to helping big corporations.
I don't feel very upset at people who avoid taxes tbh.
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How is sale tax calculated in the states? In the UK it's calculated on sales and then the VAT (tax) on purchases by the business is deducted and that gives you the final payable figure, so effectively you're only taxed on gross profit, meaning you get the higher %