WalMart's annual income statement speaks volumes.....
Using 2013 numbers
Total Sales: $469.16 billion. If we use Wisconsin as the example (as done in the original article cited) the sales tax comes to
$23.45 billion
Salaries, wages etc. $88.87 billion. In WI the lowest State Income tax rate is 4.4% or
$3.9 billion in State taxes, another
$5.5 billion in FICA taxes and even if we use 15% as a median Fed Tax % it adds another
$13.3 billion
Income Tax Paid by WalMart
$7.98 billion
The WalMart Foundation handed out
$1 billion to charity
All those billions add up to a grand total of
$55.13 billion
Oh and let's not forget the newly discovered GM rule in that 77K workers represented 1 million ancillary jobs. Applying it to WalMart's 1.4 million workforce comes out to 18.18 million jobs, all paying State, FICA and Federal taxes.
http://www.marketwatch.com/investing...wmt/financials