Friday, April 18, 2014

WALTON'S STEALING FROM US TAXPAYERS

Walmart Worker: Why Did the Waltons Get $8 Billion in Subsidies While I Had to Pay Taxes?



While millions of working- and middle-class Americans pay taxes each year, the richest family in the world—the Waltons—received nearly $8 billion in tax breaks last year, according to a new report by Americans for Tax Fairness, a campaign fighting for progressive tax reform.

The report stated that in 2013, Walmart received about $6.2 billion in federal taxpayer subsidies because its employee wages are so low. Many employees, in turn, are forced to rely on healthcare, food stamps and other taxpayer-funded programs. The corporation then further evaded $1 billion through tax breaks and loopholes. The Walton family, in addition, avoided about $607 million of taxes on their Walmart dividends.