Monday, May 6, 2013

Taxpayers Costs

Walmarts not only destroy local business and jobs, but they cost taxpayers even more money. Thousands of people who work for Walmart qualify for Medicaid and tax payers are paying the bill. Walmarts cost tax payers about $420,750 per store, per year in low-income housing, health care costs, energy assistance, and free or reduced lunches for Walmart employees and their families because of Walmart's low wages. Walmart is also not the best in being able to pay their own taxes. For example, in 2008, Walmart avoided paying $245 million in taxes by paying rent to itself then deducting it from their taxable income. They also admitted failure to pay $2.95 billion in taxes in 2009.

Just check out this ad about the effects of Walmart: http://www.youtube.com/watch?v=ex7NXS5Rw3M






Works Cited:
"Walmart’s Impact on America’s Economy, Environment, and Communities." Local 881 UFCW. N.p., n.d. Web. 08 May 2013.

"New Study: Wal-Mart Means Fewer Jobs, Less Small Businesses, More Burden on Taxpayers." NYC Public Advocate. N.p., n.d. Web. 08 May 2013.

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