Quote:
Originally Posted by spence
Or they were used for capital investment that could be claimed to reduce their effective rate. Lowering the tax rate but keeping the deductions, along with industry specific exemptions changed this equation so some large corporations effectively pay little or nothing.
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My point is that there is not much insentive to pay your employees a living wage. I once read that some Walmart employees would have to work 150 hours a week to afford a 2 bedroom apartment and groceries. As a result they have to go on food stamps that we all pay for. And all the while the Walton family is one of the wealthiest families in the country.
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