Wednesday, September 5, 2018
Walmart wages
The average pay of a non-management employee at Walmart is $13.79 per hour. For a single worker in a family of four this comes to $27,580 per year. This family is eligible for a $4,000 child tax credit, another $5,000 from the earned income tax credit along with $2,000 from various other government programs. They pay no income tax but they do pay $2,000 in payroll tax. If the government benefits had to be paid by Walmart it would cost the company $11,000 times the 1.4 million non-management employee or $15.4 billion dollars. Total sales for Walmart last year was $485 billion. If Walmart would increase their prices by 3.1% they could cover this cost and tax payers would no longer have to subsidize Walmart employees.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment