Walmart Tax Evasion Tactics
The 400 Richest
Americans Are Now Richer Than the Bottom 50 Percent Combined.
Yes, 400 people
have more money than 155 million Americans combined.
The Walmart heirs alone
own more wealth than bottom 40 percent of Americans combined.
400 Americans have more wealth than half of all Americans combined -PolitiFact.com
The Walmart heirs alone own
more wealth than bottom 40 percent of Americans combined. -PolitiFact.com
California spent almost 1 million dollars in 2011 on welfare for Walmart employees. The heirs sit on billions while their workers qualify for food stamps...
The Richest 1% Have Captured America's Wealth -- What's It Going to Take to Get It Back? -Read more
The
400 richest Americans used to pay 30% of
their income on the average to Uncle Sam. Today, they pay 18% on the average.
The main reason for the drop in their tax rate of some 40% is the tax cuts by
George Bush and 100% republican control in 2003, taking the rate paid on dividends and capital gains down
to 15%. Mitt Romney pays 13%.
Shockingly, the plan to raise the debt ceiling or lower it collects nothing from the wealthiest Americans to reduce our budget deficit. The Republican right wing holds the Obama White House hostage. It’s a sad day for the principle of sharing the pain equitably. Republicans only demand we take more from the needy, the elderly, schools, fire fighters, teachers, lay off public employees…
This mess would not be nearly as bad had we had all those taxes coming in over the last 10 years.
Shockingly, the plan to raise the debt ceiling or lower it collects nothing from the wealthiest Americans to reduce our budget deficit. The Republican right wing holds the Obama White House hostage. It’s a sad day for the principle of sharing the pain equitably. Republicans only demand we take more from the needy, the elderly, schools, fire fighters, teachers, lay off public employees…
This mess would not be nearly as bad had we had all those taxes coming in over the last 10 years.