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GameDoesntStop t1_j9f1xvl wrote

Another way to look at it. On average, for every $ spent there, approximately:

  • 76¢ went to the supplier of the good

  • 21¢ went to other costs (wages, utilities, etc.)

  • 1¢ went to corporate income taxes

  • 3¢ went to Wal-Mart finances

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HulaguIncarnate t1_j9gyao5 wrote

Those add up to 101

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Riffz t1_j9h3s6z wrote

Super man scheme. You take a fraction of a dollar and put it in your own bank account. Just don’t miss a decimal, Michael.

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Theforgottendwarf t1_j9hp015 wrote

What about sales tax? Does the govt make more than Walmart does?

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Scorpions99 t1_j9i14vy wrote

I dunno about sales tax, but the US government "makes" as much currency as it wants to through the Treasury, Fed, and banks (who also own the Fed.) They could make as much as one could want...they just don't want to...all at once anyways. It is a train wreck in slow motion with debt/GDP levels reaching levels only a person ignorant or in denial could be content with. Sure, the government does provide services. Just ask an old-timer if the food industry should regulate itself entirely. Otherwise, the government doesn't make or produce goods in any substantial fraction relative to services and contracts funded by their infinite amount of currency.

Plenty of hate to be had for Wal-Mart, but more useful to understand how we got here, why here is difficult to change, and the difference between price and value, currency and money, and so on.

To OPs beautiful-ish data, a more helpful visualization might be the cascade of taxes collected by the US and appropriated into goods and services paid to employees of $100b+ market cap companies that don't provide enough compensation for such essential-for-staying-alive goods and services.

Gotta stop this rant. Cheers.

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Theforgottendwarf t1_j9jp9qd wrote

I think you missed the point. In most places sales tax is around 8%. Walmart makes 3%. The govt makes money by you shopping at Walmart, instead of at mom and pops that are far harder to tax properly.

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goodluckonyourexams t1_j9jzyup wrote

>The govt makes money by you shopping at Walmart, instead of at mom and pops that are far harder to tax properly.

uh what

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Theforgottendwarf t1_j9m747o wrote

For every $1.00 you spend at Walmart you pay $0.075 generally in sales tax. Mom and pops, small businesses historically hide some transactions as cash. As well Walmart hires a great mix of skilled/unskilled labor which helps boost the local economies. This is why local/state governments “sponsor” walmart, giving them great subsidies and have no issues with employees on welfare. Because they know many of those employees wouldn’t make it elsewhere.

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