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Taxpayers-and-Walmart-ATF.pdf

🔗 Source: americansfortaxfairness.org

📊 Size: 227 KB

📄 Pages: 8 pages

⬇️ Downloads: 78

Summary

Walmart's wage hike to $10/hour still requires large taxpayer subsidies, as many employees will qualify for public assistance programs, including food stamps, Medicaid, and housing assistance, due to their low wages. Even with the wage increase, a worker earning $10/hour and working 34 hours a week would take home just $17,680 a year, qualifying them for all eight public programs with a household of two or more. Increasing wages to $15/hour at 40 hours a week, or $31,200 a year, would lift many workers above the income level for these programs. The Walton family's fortune increased by $20.9 billion in one year, enough to give each of Walmart's 1.3 million US employees a $5/hour raise and still pocket $10 billion.

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Description

Walmart's wage hike to $10/hour still requires large taxpayer subsidies, as many employees will qualify for public assistance programs, including food stamps,...

Technical Information

File Format: PDF
File Size: 227 KB
Pages: 8
Language: EN
Total Downloads: 78
Last Updated: 1 week ago

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