Should The Rich Be Required To Pay Higher Taxes In the US?

[sealybobo]

It's a PAY AS YOU GO SYSTEM (of course Ronnie increase SS taxes in 1986 to "save SS" BUT USED THE EXTRA REVENUES TO FUND GOV'T THE NEXT 30 YEARS. Weird you don't get that!

A President can't do that, only Congress can which of course was Democrat during Reagan's two terms. And it can be rescinded by the following administrations.

For the past couple of years, SS has been paying out more than it's taking in. Next year, SS disability will be completely broke unless we ask China to secure funds to it.

This "pay as you go" system as you call it is mandatory--not optional. If it were optional, more intelligent people would opt out and invest that money in a slow-growth conservative fund. After all, for most American workers, SS contributions are the second highest tax next to FICA which is another fancy name for SS anyway.

Most Americans aren't saving a dime and will need ss.

Most Americans aren't saving a dime and will need ss.

When the government takes 12.4% of your lifetime earnings, they make it harder for you to save.

You'll get it back.

Most Americans could save but instead spend beyond their means and are in debt. This is a Republican talking point so don't argue with it.

You'll get it back.

Unless you die early. Or the government decides to cut your benefits.

Safer than the stock market.

 

[Toddsterpatriot]

A President can't do that, only Congress can which of course was Democrat during Reagan's two terms. And it can be rescinded by the following administrations.

For the past couple of years, SS has been paying out more than it's taking in. Next year, SS disability will be completely broke unless we ask China to secure funds to it.

This "pay as you go" system as you call it is mandatory--not optional. If it were optional, more intelligent people would opt out and invest that money in a slow-growth conservative fund. After all, for most American workers, SS contributions are the second highest tax next to FICA which is another fancy name for SS anyway.

Most Americans aren't saving a dime and will need ss.

Most Americans aren't saving a dime and will need ss.

When the government takes 12.4% of your lifetime earnings, they make it harder for you to save.

You'll get it back.

Most Americans could save but instead spend beyond their means and are in debt. This is a Republican talking point so don't argue with it.

You'll get it back.

Unless you die early. Or the government decides to cut your benefits.

Safer than the stock market.

If you put 12.4% of your lifetime earnings in the stock market and 12.4% of your lifetime earnings into Social Security and die tomorrow, at the age of 61 years, 363 days, which of your two retirement plans will give your family more money, the stock market or Social Security?

 

[Dad2three]

Walmart employees deliver chairman $7.8 bn 'tax bill' for company's tax breaks

"A report released this week showed Walmart is the beneficiary of $7.8 billion a year in tax breaks and subsidies from the US tax system. "

"The report – “Walmart on Tax Day: How Taxpayers Subsidize America's Biggest Employer and Richest Family” – from the public advocacy group American for Tax Fairness (ATF) said the company’s low wages and lack of benefits saves it about $6.2 billion annually, as many employees are forced to depend on government programs like food stamps to get by."

"The $6.2 billion figure is based on data from a 2013 study by Democratic Staff of the U.S. Committee on Education and the Workforce, which found that “a single Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or between $3,015 and $5,815 on average for each of 300 workers,” according to ATF."

"Tax breaks and loopholes in the US tax code allow the mega-corporation to dodge around $1 billion in taxes per year, ATF’s report found."

"The Waltons, owners of more than 50 percent of the corporation’s shares, are legally able to bypass paying $607 million in federal taxes on their company dividends, according to ATF. This is because investment income is taxed at a lower bracket than regular income."

Report: Walmart on Tax Day | Americans for Tax Fairness

http://www.americansfortaxfairness.org/files/Walmart_On_Tax_Day_Report_ExecutiveSummary.pdf

Here's the report:

"Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer subsidies. The reason: Walmart pays its employees so little that many of them rely on food stamps, healthcare and other taxpayer-funded programs.
• Walmart avoids an estimated $1 billion in federal taxes each year. The reason: Walmart uses tax breaks and loopholes, including a strategy known as accelerated depreciation that allows it to write off capital investments considerably faster than the assets actually wear out.
• The Waltons avoid an estimated $607 million in federal taxes on their Walmart dividends. The reason: income from investments is taxed at a much lower tax rate than income from salaries and wages.

In addition to the $7.8 billion in annual subsidies and tax breaks, the Walton family is avoiding an estimated $3 billion in taxes by using specialized trusts to dodge estate taxes – and this number could increase by tens of billions of dollars.

Walmart also benefits significantly from taxpayer-funded public assistance programs that pump up the retailer’s sales. For example, Walmart had an estimated $13.5 billion in food stamp sales last year"

"Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer subsidies. The reason: Walmart pays its employees so little that many of them rely on food stamps, healthcare and other taxpayer-funded programs.

That's not a tax break for the Waltons.

Walmart avoids an estimated $1 billion in federal taxes each year. The reason: Walmart uses tax breaks and loopholes, including a strategy known as accelerated depreciation that allows it to write off capital investments considerably faster than the assets actually wear out.

So what? I think corps should be able to write off 100% immediately.
And accelerated depreciation only moves the deduction forward, the total deduction is the same.


The Waltons avoid an estimated $607 million in federal taxes on their Walmart dividends. The reason: income from investments is taxed at a much lower tax rate than income from salaries and wages.

That's not a tax break for Waltons.

Walmart also benefits significantly from taxpayer-funded public assistance programs that pump up the retailer’s sales. For example, Walmart had an estimated $13.5 billion in food stamp sales last year

End food stamps now, stick it to the Waltons. LOL!

"That's not a tax break for the Waltons."



True, Walton's ONLY have a greater than 50% stake in Walmart

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

 

[Dad2three]

Most Americans aren't saving a dime and will need ss.

Most Americans aren't saving a dime and will need ss.

When the government takes 12.4% of your lifetime earnings, they make it harder for you to save.

You'll get it back.

Most Americans could save but instead spend beyond their means and are in debt. This is a Republican talking point so don't argue with it.

You'll get it back.

Unless you die early. Or the government decides to cut your benefits.

Safer than the stock market.

If you put 12.4% of your lifetime earnings in the stock market and 12.4% of your lifetime earnings into Social Security and die tomorrow, at the age of 61 years, 363 days, which of your two retirement plans will give your family more money, the stock market or Social Security?

Don't understand how an INSURANCE policy works huh? I'm NOT surprised


Hint how'd the stock market work out after the Banksters hosed US in the 1920's?

 

[Toddsterpatriot]

"Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer subsidies. The reason: Walmart pays its employees so little that many of them rely on food stamps, healthcare and other taxpayer-funded programs.

That's not a tax break for the Waltons.

Walmart avoids an estimated $1 billion in federal taxes each year. The reason: Walmart uses tax breaks and loopholes, including a strategy known as accelerated depreciation that allows it to write off capital investments considerably faster than the assets actually wear out.

So what? I think corps should be able to write off 100% immediately.
And accelerated depreciation only moves the deduction forward, the total deduction is the same.


The Waltons avoid an estimated $607 million in federal taxes on their Walmart dividends. The reason: income from investments is taxed at a much lower tax rate than income from salaries and wages.

That's not a tax break for Waltons.

Walmart also benefits significantly from taxpayer-funded public assistance programs that pump up the retailer’s sales. For example, Walmart had an estimated $13.5 billion in food stamp sales last year

End food stamps now, stick it to the Waltons. LOL!

"That's not a tax break for the Waltons."



True, Walton's ONLY have a greater than 50% stake in Walmart

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Yep, same depreciation schedules as everyone else, same dividend tax rates, same corporate income tax rate.

 

[Toddsterpatriot]

Most Americans aren't saving a dime and will need ss.

When the government takes 12.4% of your lifetime earnings, they make it harder for you to save.

You'll get it back.

Most Americans could save but instead spend beyond their means and are in debt. This is a Republican talking point so don't argue with it.

You'll get it back.

Unless you die early. Or the government decides to cut your benefits.

Safer than the stock market.

If you put 12.4% of your lifetime earnings in the stock market and 12.4% of your lifetime earnings into Social Security and die tomorrow, at the age of 61 years, 363 days, which of your two retirement plans will give your family more money, the stock market or Social Security?

Don't understand how an INSURANCE policy works huh? I'm NOT surprised


Hint how'd the stock market work out after the Banksters hosed US in the 1920's?

If you're paying 12.4% of your lifetime earnings for a low yielding insurance policy, you may be doing it wrong.

 

[Ray From Cleveland]

What tax breaks?
And where is tuition $600?

Walmart employees deliver chairman $7.8 bn 'tax bill' for company's tax breaks

"A report released this week showed Walmart is the beneficiary of $7.8 billion a year in tax breaks and subsidies from the US tax system. "

"The report – “Walmart on Tax Day: How Taxpayers Subsidize America's Biggest Employer and Richest Family” – from the public advocacy group American for Tax Fairness (ATF) said the company’s low wages and lack of benefits saves it about $6.2 billion annually, as many employees are forced to depend on government programs like food stamps to get by."

"The $6.2 billion figure is based on data from a 2013 study by Democratic Staff of the U.S. Committee on Education and the Workforce, which found that “a single Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or between $3,015 and $5,815 on average for each of 300 workers,” according to ATF."

"Tax breaks and loopholes in the US tax code allow the mega-corporation to dodge around $1 billion in taxes per year, ATF’s report found."

"The Waltons, owners of more than 50 percent of the corporation’s shares, are legally able to bypass paying $607 million in federal taxes on their company dividends, according to ATF. This is because investment income is taxed at a lower bracket than regular income."

Report: Walmart on Tax Day | Americans for Tax Fairness

http://www.americansfortaxfairness.org/files/Walmart_On_Tax_Day_Report_ExecutiveSummary.pdf

Here's the report:

"Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer subsidies. The reason: Walmart pays its employees so little that many of them rely on food stamps, healthcare and other taxpayer-funded programs.
• Walmart avoids an estimated $1 billion in federal taxes each year. The reason: Walmart uses tax breaks and loopholes, including a strategy known as accelerated depreciation that allows it to write off capital investments considerably faster than the assets actually wear out.
• The Waltons avoid an estimated $607 million in federal taxes on their Walmart dividends. The reason: income from investments is taxed at a much lower tax rate than income from salaries and wages.

In addition to the $7.8 billion in annual subsidies and tax breaks, the Walton family is avoiding an estimated $3 billion in taxes by using specialized trusts to dodge estate taxes – and this number could increase by tens of billions of dollars.

Walmart also benefits significantly from taxpayer-funded public assistance programs that pump up the retailer’s sales. For example, Walmart had an estimated $13.5 billion in food stamp sales last year"

"Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer subsidies. The reason: Walmart pays its employees so little that many of them rely on food stamps, healthcare and other taxpayer-funded programs.

That's not a tax break for the Waltons.

Walmart avoids an estimated $1 billion in federal taxes each year. The reason: Walmart uses tax breaks and loopholes, including a strategy known as accelerated depreciation that allows it to write off capital investments considerably faster than the assets actually wear out.

So what? I think corps should be able to write off 100% immediately.
And accelerated depreciation only moves the deduction forward, the total deduction is the same.


The Waltons avoid an estimated $607 million in federal taxes on their Walmart dividends. The reason: income from investments is taxed at a much lower tax rate than income from salaries and wages.

That's not a tax break for Waltons.

Walmart also benefits significantly from taxpayer-funded public assistance programs that pump up the retailer’s sales. For example, Walmart had an estimated $13.5 billion in food stamp sales last year

End food stamps now, stick it to the Waltons. LOL!

"That's not a tax break for the Waltons."



True, Walton's ONLY have a greater than 50% stake in Walmart

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

Why should government? When did you liberals invite government to our dinner table?

What goes on inside of a family is their business--not governments. When government becomes more important than family members, you know how far off the road we've gotten.

 

[Dad2three]

"That's not a tax break for the Waltons."



True, Walton's ONLY have a greater than 50% stake in Walmart

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Yep, same depreciation schedules as everyone else, same dividend tax rates, same corporate income tax rate.

Retail giant received $100 million in tax breaks for big executive bonuses


The report, titled “Walmart’s Executive Bonuses Cost Taxpayers Millions,” focuses on tax law that allows companies to deduct unlimited amounts for performance-based compensation. The law was put in place in 1993 in order to discourage excessive pay, according to the study, which goes on to say that Wal-Mart has abused the law.



Some members of Congress have introduced legislation to change law to prohibit tax deductions for executive bonuses. Rep. Lloyd Doggett, a Democrat from Texas who is pushing such a bill, excoriated big corporations for forcing small businesses and families to pay more because of the current tax law.

“Publicly held companies like Wal-Mart can continue paying their executives multimillion dollar bonuses; just don’t expect the American taxpayer to pick up your tab,” he said in a statement. “It makes no sense for working families to subsidize those making nearly 300 times the average worker.”

Wal-Mart attacked for big tax breaks - Fortune




“This report shows that our current system is anything but fair – rather it provides special treatment to America’s biggest corporations and richest families leaving individual taxpayers and small businesses to pick up the tab,” the report concluded.

The $7.8 billion includes an estimated $6.2 billion in public assistance for low-wage Walmart employees, including programs like food stamps, subsidized housing, and Medicaid. It also includes an estimated $70 million per year in “economic development subsidies” from state and legal governments eager to host Walmart in their cities.


Walmart benefits from billions in government subsidies: Study


How Wal-Mart Has Used Public Money in Your State

A secret behind Wal-Mart’s rapid expansion in the United States has been its extensive use of public money. This includes more than $1.2 billion in tax breaks, free land, infrastructure assistance, low-cost financing and outright grants from state and local governments around the country.

Wal-Mart Subsidy Watch - brought to you by Good Jobs First

 

[Dad2three]

You'll get it back.

Most Americans could save but instead spend beyond their means and are in debt. This is a Republican talking point so don't argue with it.

You'll get it back.

Unless you die early. Or the government decides to cut your benefits.

Safer than the stock market.

If you put 12.4% of your lifetime earnings in the stock market and 12.4% of your lifetime earnings into Social Security and die tomorrow, at the age of 61 years, 363 days, which of your two retirement plans will give your family more money, the stock market or Social Security?

Don't understand how an INSURANCE policy works huh? I'm NOT surprised


Hint how'd the stock market work out after the Banksters hosed US in the 1920's?

If you're paying 12.4% of your lifetime earnings for a low yielding insurance policy, you may be doing it wrong.

So NO, you don't understand how insurance works. Thanks anyways

 

[boedicca]

"Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer subsidies. The reason: Walmart pays its employees so little that many of them rely on food stamps, healthcare and other taxpayer-funded programs.

That's not a tax break for the Waltons.

Walmart avoids an estimated $1 billion in federal taxes each year. The reason: Walmart uses tax breaks and loopholes, including a strategy known as accelerated depreciation that allows it to write off capital investments considerably faster than the assets actually wear out.

So what? I think corps should be able to write off 100% immediately.
And accelerated depreciation only moves the deduction forward, the total deduction is the same.


The Waltons avoid an estimated $607 million in federal taxes on their Walmart dividends. The reason: income from investments is taxed at a much lower tax rate than income from salaries and wages.

That's not a tax break for Waltons.

Walmart also benefits significantly from taxpayer-funded public assistance programs that pump up the retailer’s sales. For example, Walmart had an estimated $13.5 billion in food stamp sales last year

End food stamps now, stick it to the Waltons. LOL!

"That's not a tax break for the Waltons."



True, Walton's ONLY have a greater than 50% stake in Walmart

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

If it bothers you to have a complex tax code, the solution is quite simple: A low fair flat rate tax that applied to everyone.

Easy Peasy Lemon Squeezy!

 

[Toddsterpatriot]

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Yep, same depreciation schedules as everyone else, same dividend tax rates, same corporate income tax rate.

Retail giant received $100 million in tax breaks for big executive bonuses


The report, titled “Walmart’s Executive Bonuses Cost Taxpayers Millions,” focuses on tax law that allows companies to deduct unlimited amounts for performance-based compensation. The law was put in place in 1993 in order to discourage excessive pay, according to the study, which goes on to say that Wal-Mart has abused the law.



Some members of Congress have introduced legislation to change law to prohibit tax deductions for executive bonuses. Rep. Lloyd Doggett, a Democrat from Texas who is pushing such a bill, excoriated big corporations for forcing small businesses and families to pay more because of the current tax law.

“Publicly held companies like Wal-Mart can continue paying their executives multimillion dollar bonuses; just don’t expect the American taxpayer to pick up your tab,” he said in a statement. “It makes no sense for working families to subsidize those making nearly 300 times the average worker.”

Wal-Mart attacked for big tax breaks - Fortune




“This report shows that our current system is anything but fair – rather it provides special treatment to America’s biggest corporations and richest families leaving individual taxpayers and small businesses to pick up the tab,” the report concluded.

The $7.8 billion includes an estimated $6.2 billion in public assistance for low-wage Walmart employees, including programs like food stamps, subsidized housing, and Medicaid. It also includes an estimated $70 million per year in “economic development subsidies” from state and legal governments eager to host Walmart in their cities.


Walmart benefits from billions in government subsidies: Study


How Wal-Mart Has Used Public Money in Your State

A secret behind Wal-Mart’s rapid expansion in the United States has been its extensive use of public money. This includes more than $1.2 billion in tax breaks, free land, infrastructure assistance, low-cost financing and outright grants from state and local governments around the country.

Wal-Mart Subsidy Watch - brought to you by Good Jobs First

tax law that allows companies to deduct unlimited amounts for performance-based compensation.

Hold on one second....WalMart is following the tax law????

Outrageous!!!!!

Moron.

 

[Toddsterpatriot]

You'll get it back.

Unless you die early. Or the government decides to cut your benefits.

Safer than the stock market.

If you put 12.4% of your lifetime earnings in the stock market and 12.4% of your lifetime earnings into Social Security and die tomorrow, at the age of 61 years, 363 days, which of your two retirement plans will give your family more money, the stock market or Social Security?

Don't understand how an INSURANCE policy works huh? I'm NOT surprised


Hint how'd the stock market work out after the Banksters hosed US in the 1920's?

If you're paying 12.4% of your lifetime earnings for a low yielding insurance policy, you may be doing it wrong.

So NO, you don't understand how insurance works. Thanks anyways

Let's see, pay 12.4% of my lifetime earnings, die a week before I start collecting benefits and my family gets
basically zero.

Wow, great insurance! Sounds like a program only an idiot or a liberal (but then I repeat myself) would create.

 

[Dad2three]

Walmart employees deliver chairman $7.8 bn 'tax bill' for company's tax breaks

"A report released this week showed Walmart is the beneficiary of $7.8 billion a year in tax breaks and subsidies from the US tax system. "

"The report – “Walmart on Tax Day: How Taxpayers Subsidize America's Biggest Employer and Richest Family” – from the public advocacy group American for Tax Fairness (ATF) said the company’s low wages and lack of benefits saves it about $6.2 billion annually, as many employees are forced to depend on government programs like food stamps to get by."

"The $6.2 billion figure is based on data from a 2013 study by Democratic Staff of the U.S. Committee on Education and the Workforce, which found that “a single Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or between $3,015 and $5,815 on average for each of 300 workers,” according to ATF."

"Tax breaks and loopholes in the US tax code allow the mega-corporation to dodge around $1 billion in taxes per year, ATF’s report found."

"The Waltons, owners of more than 50 percent of the corporation’s shares, are legally able to bypass paying $607 million in federal taxes on their company dividends, according to ATF. This is because investment income is taxed at a lower bracket than regular income."

Report: Walmart on Tax Day | Americans for Tax Fairness

http://www.americansfortaxfairness.org/files/Walmart_On_Tax_Day_Report_ExecutiveSummary.pdf

Here's the report:

"Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer subsidies. The reason: Walmart pays its employees so little that many of them rely on food stamps, healthcare and other taxpayer-funded programs.
• Walmart avoids an estimated $1 billion in federal taxes each year. The reason: Walmart uses tax breaks and loopholes, including a strategy known as accelerated depreciation that allows it to write off capital investments considerably faster than the assets actually wear out.
• The Waltons avoid an estimated $607 million in federal taxes on their Walmart dividends. The reason: income from investments is taxed at a much lower tax rate than income from salaries and wages.

In addition to the $7.8 billion in annual subsidies and tax breaks, the Walton family is avoiding an estimated $3 billion in taxes by using specialized trusts to dodge estate taxes – and this number could increase by tens of billions of dollars.

Walmart also benefits significantly from taxpayer-funded public assistance programs that pump up the retailer’s sales. For example, Walmart had an estimated $13.5 billion in food stamp sales last year"

"Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer subsidies. The reason: Walmart pays its employees so little that many of them rely on food stamps, healthcare and other taxpayer-funded programs.

That's not a tax break for the Waltons.

Walmart avoids an estimated $1 billion in federal taxes each year. The reason: Walmart uses tax breaks and loopholes, including a strategy known as accelerated depreciation that allows it to write off capital investments considerably faster than the assets actually wear out.

So what? I think corps should be able to write off 100% immediately.
And accelerated depreciation only moves the deduction forward, the total deduction is the same.


The Waltons avoid an estimated $607 million in federal taxes on their Walmart dividends. The reason: income from investments is taxed at a much lower tax rate than income from salaries and wages.

That's not a tax break for Waltons.

Walmart also benefits significantly from taxpayer-funded public assistance programs that pump up the retailer’s sales. For example, Walmart had an estimated $13.5 billion in food stamp sales last year

End food stamps now, stick it to the Waltons. LOL!

"That's not a tax break for the Waltons."



True, Walton's ONLY have a greater than 50% stake in Walmart

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

Why should government? When did you liberals invite government to our dinner table?

What goes on inside of a family is their business--not governments. When government becomes more important than family members, you know how far off the road we've gotten.

Adam Smith, Thomas Jefferson, and other fellow travelers

If there was one thing the Revolutionary generation agreed on — and those guys who dress up like them at Tea Party conventions most definitely do not — it was the incompatibility of democracy and inherited wealth.

http://budiansky.blogspot.com/2010/10/adam-smith-thomas-jefferson-and-other.html#ixzz3jwbB3Fki

Death, Taxes, and the American Founders


Some founders wanted to eliminate inheritance entirely. In a letter to James Madison, Thomas Jefferson suggested that all property be redistributed every fifty years, because "the earth belongs in usufruct to the living." Madison gently pointed out the plan's impracticality. Benjamin Franklin unsuccessfully pushed for the first Pennsylvania constitution to declare concentrated wealth "a danger to the happiness of mankind."


The causes which destroyed the ancient republics were numerous; but in Rome, one principal cause was the vast inequality of fortunes. Noah Webster




""There is no point more difficult to account for than the right we conceive men to have to dispose of their goods after death."" Adam Smith


Inherited wealth is based on the same logic as inherited monarchy

 

[Dad2three]

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Yep, same depreciation schedules as everyone else, same dividend tax rates, same corporate income tax rate.

Retail giant received $100 million in tax breaks for big executive bonuses


The report, titled “Walmart’s Executive Bonuses Cost Taxpayers Millions,” focuses on tax law that allows companies to deduct unlimited amounts for performance-based compensation. The law was put in place in 1993 in order to discourage excessive pay, according to the study, which goes on to say that Wal-Mart has abused the law.



Some members of Congress have introduced legislation to change law to prohibit tax deductions for executive bonuses. Rep. Lloyd Doggett, a Democrat from Texas who is pushing such a bill, excoriated big corporations for forcing small businesses and families to pay more because of the current tax law.

“Publicly held companies like Wal-Mart can continue paying their executives multimillion dollar bonuses; just don’t expect the American taxpayer to pick up your tab,” he said in a statement. “It makes no sense for working families to subsidize those making nearly 300 times the average worker.”

Wal-Mart attacked for big tax breaks - Fortune




“This report shows that our current system is anything but fair – rather it provides special treatment to America’s biggest corporations and richest families leaving individual taxpayers and small businesses to pick up the tab,” the report concluded.

The $7.8 billion includes an estimated $6.2 billion in public assistance for low-wage Walmart employees, including programs like food stamps, subsidized housing, and Medicaid. It also includes an estimated $70 million per year in “economic development subsidies” from state and legal governments eager to host Walmart in their cities.


Walmart benefits from billions in government subsidies: Study


How Wal-Mart Has Used Public Money in Your State

A secret behind Wal-Mart’s rapid expansion in the United States has been its extensive use of public money. This includes more than $1.2 billion in tax breaks, free land, infrastructure assistance, low-cost financing and outright grants from state and local governments around the country.

Wal-Mart Subsidy Watch - brought to you by Good Jobs First

tax law that allows companies to deduct unlimited amounts for performance-based compensation.

Hold on one second....WalMart is following the tax law????

Outrageous!!!!!

Moron.

BENDING the law they bought? Yep

 

[Dad2three]

Safer than the stock market.

If you put 12.4% of your lifetime earnings in the stock market and 12.4% of your lifetime earnings into Social Security and die tomorrow, at the age of 61 years, 363 days, which of your two retirement plans will give your family more money, the stock market or Social Security?

Don't understand how an INSURANCE policy works huh? I'm NOT surprised


Hint how'd the stock market work out after the Banksters hosed US in the 1920's?

If you're paying 12.4% of your lifetime earnings for a low yielding insurance policy, you may be doing it wrong.

So NO, you don't understand how insurance works. Thanks anyways

Let's see, pay 12.4% of my lifetime earnings, die a week before I start collecting benefits and my family gets
basically zero.

Wow, great insurance! Sounds like a program only an idiot or a liberal (but then I repeat myself) would create.

Yet before it, most seniors lived in POVERTY in the US, today SS keeps almost half of seniors out of poverty. I know, that ponzi scheme called the stock market works better right? lol, PLEASE give me the SUCCESSFUL privatization of SS ANYWHERE?

 

[Maryland Patriot]

Safer than the stock market.

If you put 12.4% of your lifetime earnings in the stock market and 12.4% of your lifetime earnings into Social Security and die tomorrow, at the age of 61 years, 363 days, which of your two retirement plans will give your family more money, the stock market or Social Security?

Don't understand how an INSURANCE policy works huh? I'm NOT surprised


Hint how'd the stock market work out after the Banksters hosed US in the 1920's?

If you're paying 12.4% of your lifetime earnings for a low yielding insurance policy, you may be doing it wrong.

So NO, you don't understand how insurance works. Thanks anyways

Let's see, pay 12.4% of my lifetime earnings, die a week before I start collecting benefits and my family gets
basically zero.

Wow, great insurance! Sounds like a program only an idiot or a liberal (but then I repeat myself) would create.

why should your family benefit from money you earned?
its much more fair to give it to Toenailisha Johnston to feed her 20 babys and give her money to visit the baby daddies in jail.
spandex aint cheap you know.

 

[dblack]

"That's not a tax break for the Waltons."



True, Walton's ONLY have a greater than 50% stake in Walmart

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

If it bothers you to have a complex tax code, the solution is quite simple: A low fair flat rate tax that applied to everyone.

Easy Peasy Lemon Squeezy!

Flat would be ideal, but just getting rid of all the exemptions, "incentives", and similar bullshit would be a fine start. And there'd be actual bipartisan support for such an effort.

 

[Dad2three]

"That's not a tax break for the Waltons."



True, Walton's ONLY have a greater than 50% stake in Walmart

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

If it bothers you to have a complex tax code, the solution is quite simple: A low fair flat rate tax that applied to everyone.

Easy Peasy Lemon Squeezy!

Keep dreaming. A REGRESSIVE tax isn't needed, but weird how the GOP stops ANYTHING that might require their overlords to pay more equitable with their wealth!

 

[Maryland Patriot]

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

If it bothers you to have a complex tax code, the solution is quite simple: A low fair flat rate tax that applied to everyone.

Easy Peasy Lemon Squeezy!

Flat would be ideal, but just getting rid of all the exemptions, "incentives", and similar bullshit would be a fine start. And there'd be actual bipartisan support for such an effort.

If you get rid of the exemptions then you have to go flat tax, some of us rely on those exemptions. But, if it looked like it was going that way I would make sure to protect my money from the taxes, there will always be a way.

 

[Dad2three]

It's awful when the family of the founder of a great company does so well, eh comrade?

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

If it bothers you to have a complex tax code, the solution is quite simple: A low fair flat rate tax that applied to everyone.

Easy Peasy Lemon Squeezy!

Flat would be ideal, but just getting rid of all the exemptions, "incentives", and similar bullshit would be a fine start. And there'd be actual bipartisan support for such an effort.

Sure LIKE the GOP jumped on board with Obama's proposal of 28% Corp tax rate, down from 35% right? Oh yeah, he wants to get rid of loopholes and rebuild the infrastructure with the new revenues, CAN'T have that!