walmart makes the most pays the least.
Posted by Squatters Butterfly on Wednesday, March 28, 2012
WAL-MART Costs Taxpayers $1,557,000,000,00 to Support its Employees
•"The Democratic Staff of the
Committee on Education and the Workforce estimates that one 200-person
Wal-Mart store may result in a cost to federal taxpayers of $420,750 per
year - about $2,103 per employee. Specifically, the low wages result in
the following additional public costs being passed along to taxpayers: ◦$36,000 a year for free and reduced lunches for just 50 qualifying Wal-Mart families. ◦$42,000 a year for Section 8 housing assistance, assuming 3 percent of the store employees qualify for such assistance, at $6,700 per family. ◦$125,000 a year for federal tax credits and deductions for low-income families, assuming 50 employees are heads of household with a child and 50 are married with two children. ◦$100,000 a year for the additional Title I expenses, assuming 50 Wal-Mart families qualify with an average of 2 children. ◦$108,000 a year for the additional federal health care costs of moving into state children's health insurance programs (S-CHIP), assuming 30 employees with an average of two children qualify. ◦$9,750 a year for the additional costs for low income energy assistance." •The total figure is based on the average $420,750 per-store figure, multiplied by 3700 (the approximate number of stores currently in the United States). •Source: Rep. George Miller / Democratic Staff of the Committee on Education and the Workforce, "Everyday Low Wages: The Hidden Price We All Pay for Wal-Mart", February 16, 2004. |