Monday, April 6, 2015

Who's Fleecing Who and Who's Fleecing You?

For every $100 in sales for Walmart, the state/local governments get an average of $6.88 in sales taxes (and as much $9.44 in Tennessee and $9.16 in Arizona, while Walmart gets only $3.10 in profits.


What percent profit on each dollar of sales do you think the average manufacturer makes after taxes? Responses to that question in 9 different polls between 1971 and 1987 ranged from 28% to 37% and averaged 31.6%In a Reason-Rupe poll the average response was 36%.  The reality?  The median corporate profit margin is 6.5%.

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