Boxden hiphop sports wild'ish games movies news eyecandy tech gear rides
trending now most viewers #top20 top yesterday all sections videos pics tracks headlines

Nov 27 - Walmart Family rushes to net $180Million before Bush taxcuts expire

most watched this minute | see more
most viewed right now
42 viewing
Video inside Young Thug Boo'd in Baton Rouge, LA
202 comments
most viewed right now
28 viewing
 Video inside Scarface Talks About How Crazy Pac Was On Sway
24 comments

top in section
20 viewing
 Video inside The Game spits the same "Freestyle" 4 years later
top in hiphop
top in section
11 viewing
Bad news, phandroids. Android malware is on the rise
top in tech

people viewing this topic:   (0 members and 1 guests)  
 
 

let em know » Share this on TwitterShare this on Facebook
 Nov 27 - Walmart Family rushes to net $180Million before Bush taxcuts expire
Unread 2 years agoclass of '05 - away - #1
3352 pageviews
16 comments


autoraptronix 10 heat pts10 space
avatar space
0_o
space
$4,362 | 20178761

World’s Richest Family Takes $180 Million More From Americans


The Wal-Mart heirs, who make up the world’s richest family by far, are expected to collectively dodge as much as $180.6 million in federal income taxes, thanks to aggressive pursuit of tax benefits set to expire Dec. 31, 2012.


In a move that received little attention due to the Black Friday Strike coverage, the Wal-Mart board announced Nov. 19 that it will rush payment of its quarterly dividend, giving shareholders their bonuses on Dec. 27, instead of Jan. 2 as previously scheduled, reports the New York Times.



What a difference six days makes.

The Walton family, which founded Wal-Mart, could save as much as $180 million in federal income taxes after the huge retailer announced Monday that it would pay out its quarterly dividend on Dec. 27 instead of Jan. 2, as was scheduled.

The change will allow the family and other Wal-Mart shareholders to record the income this year, when the federal tax rate on dividends tops out at 15 percent. Next year, if the Obama administration and Republicans are unable to reach a compromise, that rate is set to jump sharply to 39.6 percent. High earners will have to pay an additional 3.8 percent on most investment income to help pay for the new federal health care law, bringing the total possible tax bite to 43.4 percent.
Early Dividend for Wal-Mart Is Latest Move in Tax Scramble - NYTimes.com

[pic - click to view]




The Walton family’s 2012 take of the pie is estimated at a combined $636 million. After taxes, the Walton family should net $540.6 million from the Dec. 27 payment, saving the family $180.6 million over paying the taxes next year as scheduled (based on figures tax attorney Kenneth K. Bezozo supplied to the New York Times).

The three Walton family members who sit on Wal-Mart’s board recused themselves from the vote, which doesn’t seem to deflect much suspicion about who’s backing the tax avoidance action. Each of the Walton family board members will make tens of millions off the early dividend payment.

Keep in mind that these people do not need a tax break. Instead, they should readjust their notions of what’s fair considering American consumers, workers, land grants, and infrastructure made them rich. The Walton family, who pay most of their workers minimum wage with sparse benefits, have a combined wealth of $102.7 billion, which is 49% GREATER than the wealth of the #1 richest person in the world (Carlos Slim, worth $69 billion according to Forbes).

..



Walmart files a complaint against striking workers and at the same time moves to dodge taxes and steal $180 Million from taxpayers. Money that shoulda went to the foodstamp programs their workers depend on($2.66Billion in foodstamps and medicare just to walmart employees). This is why we need a federal living wage law.

This from the same corporation that just suspended 3 workers with pay for murdering a shopper accused of stealing (video below). Pure Evil. imageimageimage

Last edited by autoraptronix; 11-27-2012 at 05:14 PM..
Reply With Quote
2 peeps gave props to autoraptronix Ratty Tat Tat (11-28-2012) , hot topic  (11-27-2012)

16 comments for "Nov 27 - Walmart Heirs to net $180Million before Bush taxcuts expire"

- To post a comment, join the squad -


Unread 2 years agoclass of '07 - on now - #2
CadillacVyse 481 heat pts481 space
avatar space
Senior Member
space
$17,894 | POWERFUL



Reply With Quote
Unread 2 years agoclass of '04 - away - #3
SpyDa 159 heat pts159 space
avatar space
O.M.A.
space
$9,966 | POWERFUL















Reply With Quote
Unread 2 years agoclass of '11 - away - #4
Gatorfan2611 8 heat pts space
avatar space
Senior Member
space
$3,520 | 17787611
im starting to think these type of people see the world like a game of risk. theyre worth $100 billion. they literally gain nothing from this beyond preventing others from getting it.
Reply With Quote
Unread 2 years agoclass of '09 - away - #5
messy marv stan 2367 heat pts2367 space
avatar space
messy marv stan
space
$19,689 | POWERFUL
there is no need to have even a billion dollars...there is a lot of good that these walmart regime owners can do with a billion or so...give the employees a $2 hour wage increase or offer to pay for ther benifits
Reply With Quote
Unread 2 years agoclass of '05 - away - #6
autoraptronix 10 heat pts10 space
avatar space
0_o
space
$4,362 | 20178761
Gatorfan2611 said:
im starting to think these type of people see the world like a game of risk. theyre worth $100 billion. they literally gain nothing from this beyond preventing others from getting it.
Its a master-slave complex. They look at their workers as less-than-human. They made at least $1Billion off the Bush taxcuts since they came into law. And during all that they were fine with being the #1 recipient of government foodstamps and medicare to their workers.

If you look at the conditions their factories workers put up with it begins to look sadistic to profit off that kind of mass suffering. The Bangladash factory where 112 died in the fire was a walmart factory. Could you imagine 112 people dying in a factory fire in the states?? People would be demanding murder charges. We need a new word to describe these corporate psychopaths.

Now 112 people were just burned alive days ago and what is the response from walmart and fox?

The workers should be thankful


I know he's not an official spokesman for walmart but he might as well be. This is their positon.
Reply With Quote
Unread 2 years agoclass of '06 - away - #7
nightmare 429 heat pts429 space
avatar space
Senior Member
space
$13,052 | POWERFUL
autoraptronix said:
Its a master-slave complex. They look at their workers as less-than-human. They made at least $1Billion off the Bush taxcuts since they came into law. And during all that they were fine with being the #1 recipient of government foodstamps and medicare to their workers.

If you look at the conditions their factories workers put up with it begins to look sadistic to profit off that kind of mass suffering. The Bangladash factory where 112 died in the fire was a walmart factory. Could you imagine 112 people dying in a factory fire in the states?? People would be demanding murder charges. We need a new word to describe these corporate psychopaths.

Now 112 people were just burned alive days ago and what is the response from walmart and fox?

The workers should be thankful



I know he's not an official spokesman for walmart but he might as well be. This is their positon.
Reply With Quote
Unread 2 years agoclass of '11 - away - #8
DboyFlexxxin  space
avatar space
Univ of AR. Fux with me
space
$166 | 315615
every wants to say they could give more, a lot of people dont realize how much they ACTUALLY give. Thanks to a very large donation from them, i got to a top 25 business school in the country. The Walton College of Business. Also, in the area i live they give soooooo damn much they basically run the city, which does have downsides with the upsides. A new art gallery they built to bring tourism and other benefits to Northwest Arkansas, which some describe as the best in the world, requires a lot of money. They spend $300 MILLION a year for upkeep of this with paintings and such, all from a wal mart expense report. They could do other things with that money. Without going to long, they do soooo much good with their money.


On the other side, sure they could help out other people. But look at any other Fortune 500 company and their CEO. Do they hand out extras? No. So why does every one single out wal mart for this? Idk. Hourly workers want more benefits, what about McDonalds or other places hourly workers? They dont receive anything extra. I might sound biased, but really wal mart is like any other Major company. So really attention should be focused on others as well
Reply With Quote
Unread 2 years agoclass of '04 - on now - #9
matik23  space
avatar space
in the cut
space
$1,666 | 4191803
I understand what the article is trying to point out. but damn dude... a 43.4% tax bite on top income earners. With this tax increase, I would a.ssume business owners would start laying off workers, and investing less into america. I only see more debt and increase in unemployment coming our way.
Reply With Quote
Unread 2 years agoclass of '07 - on now - #10
CadillacVyse 481 heat pts481 space
avatar space
Senior Member
space
$17,894 | POWERFUL
matik23 said:
I understand what the article is trying to point out. but damn dude... a 43.4% tax bite on top income earners. With this tax increase, I would a.ssume business owners would start laying off workers, and investing less into america. I only see more debt and increase in unemployment coming our way.
There is a difference between personal income tax and corporate tax. And what the Walmart share holders are specifically taking advantage of is the capital gains tax.

Last edited by CadillacVyse; 11-27-2012 at 09:19 PM..
Reply With Quote
Unread 2 years agoclass of '07 - away - #11
Ham Rove 2505 heat pts2505 space
avatar space
fu*k It
space
$41,592 | POWERFUL
DboyFlexxxin said:
every wants to say they could give more, a lot of people dont realize how much they ACTUALLY give. Thanks to a very large donation from them, i got to a top 25 business school in the country. The Walton College of Business. Also, in the area i live they give soooooo damn much they basically run the city, which does have downsides with the upsides. A new art gallery they built to bring tourism and other benefits to Northwest Arkansas, which some describe as the best in the world, requires a lot of money. They spend $300 MILLION a year for upkeep of this with paintings and such, all from a wal mart expense report. They could do other things with that money. Without going to long, they do soooo much good with their money.


On the other side, sure they could help out other people. But look at any other Fortune 500 company and their CEO. Do they hand out extras? No. So why does every one single out wal mart for this? Idk. Hourly workers want more benefits, what about McDonalds or other places hourly workers? They dont receive anything extra. I might sound biased, but really wal mart is like any other Major company. So really attention should be focused on others as well
@ wal mart being the same as any other company,
The study, "Hidden Cost of Wal-Mart Jobs," found that the average Wal-Mart worker required $730 in taxpayer-funded healthcare and $1,222 in other forms of a.ssistance, such as food stamps and subsidized housing, to get by.

Even compared to other retailers, Wal-Mart imposes an especially large burden on taxpayers. Wal-Mart workers earn 31 percent less than the average for workers at large retail companies (more than 1,000 employees), the study found, and require 39 percent more in public a.ssistance.
fu*k Wal Mart
Reply With Quote
Unread 2 years agoclass of '07 - away - #12
Ham Rove 2505 heat pts2505 space
avatar space
fu*k It
space
$41,592 | POWERFUL
matik23 said:
I understand what the article is trying to point out. but damn dude... a 43.4% tax bite on top income earners. With this tax increase, I would a.ssume business owners would start laying off workers, and investing less into america. I only see more debt and increase in unemployment coming our way.
Tax rates on the highest earners in from the 40s up until I believe 1980 where never below 76 percent. Soooo 43.4 isn't that bad.
Reply With Quote
Unread 2 years agoclass of '08 - away - #13
slickdip  space
avatar space
420
space
$118 | 489411
Dont blame Walmart, blame the government. Why the fu*k did Bush give these companies tax cuts??? Like any company, they gonna milk for as long as they can.
Reply With Quote
Unread 2 years agoclass of '04 - away - #14
ShadyKidd  space
avatar space
Senior Member
space
$378 | 871098
Not to defend Walmart, but this article is a little misleading. Every single Walmart shareholder (which includes most Walmart employees) will benefit from them expediting their dividend payment. It just so happens that the Walmart family is the largest shareholder so they benefit the most.

I would fully expect any company who typically issues a January dividend to move it up to December so all their stakeholders can benefit from the tax benefits.

Don't believe the left-wing media about these 'evil' corporations. It is companies just like Walmart that helped our country achieve the financial prosperity we had in the 90s.

For the record, I am not a fan of Walmart as I think they mistreat their employees. But I just can't let this article mislead everyone so easilily. Overly taxing corporations and 'wealthy' people will not solve our financial crisis. Guaranteed. It can only make things worse.
Reply With Quote
Unread 2 years agoclass of '07 - away - #15
Ham Rove 2505 heat pts2505 space
avatar space
fu*k It
space
$41,592 | POWERFUL
rofl fu*k Walmart

Last edited by Ham Rove; 11-29-2012 at 05:53 AM..
Reply With Quote
Unread 2 years agoclass of '09 - away - #16
messy marv stan 2367 heat pts2367 space
avatar space
messy marv stan
space
$19,689 | POWERFUL
walmart is distancing itself from the factory fire
they dont wanna take the blame for the workers deaths
Reply With Quote
 

Home > all sections > BX Daily Bugle
  
    
          join bx


 




that hot ish yesterday


most viewed right now
10 viewing
Image inside Iconic DC character has identity revealed in comics .....
37 comments
@movies
most viewed right now
10 viewing
Image inside Aidan Nycole Thread - Unbelievable Body Tho!!
46 comments
@eyecandy
most viewed right now
8 viewing
Image inside Nas spotted in Barbados with Vanessa Bronfman
66 comments
@hiphop
most viewed right now
7 viewing
Video inside Keep an eye on that pump next time you put gas
43 comments
@wild'ish
most viewed right now
5 viewing
Image inside Apr 24 - ISIS new Video & Pictures- 30 Ethiopians and Eritreans b3head..
168 comments
@news
most viewed right now
4 viewing
Apr 24 - Indian cops rape model at police station, make her pay $7,800 for rel..
23 comments
@news
most viewed right now
4 viewing
Image inside Black Ops 3 First IN-GAME PIC
98 comments
@games
most viewed right now
3 viewing
Image inside Thick and curvy makeup artist Kaorinik.
20 comments
@eyecandy
most viewed right now
3 viewing
Image inside twin sisters are the only 2 people in the world with their condition
38 comments
@wild'ish

^
contact us   |   bx@twitter   |   bx@facebook   |   privacy   |   search   |  © BX 1998-end of time