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Wal-mart has been diversifying and globalizing for sometime. They also already spend vastly more on selling and admin than Apple. The past several years notice all the multi-billion dollar buybacks as well. Revenue amts are about double Apple.
So you want Walmart to spend less on "selling" (which is probably Marketing) - which in a retail business is a very important thing to do?
Walmart's revenue vs. Apple really is irrelevant. It is the profitability of their business that matters more. Apple sells less, but makes vastly more profit. Radically different businesses. Yet people like to pick on WMT because most of their workers are unskilled and not paid "enough."
Have you ever done business with WMT (not as s customer)? They are very lean in administrative areas.
To spur the Economy, more money is going to have to circulate to the Middle and Lower classes.
This is so true the super rich are not hiring anybody they could drop the unemployment rate 1% to 1.5% if they just hire more people. The super rich are getting even more greedy they are laying people off and the rest are working longer hrs and really no wage increase. They are also riding peoples pensions and dropping health insurance all just to stay rich. A lot the super rich pay less taxes with all there loop holes than someone making $60k to $150k that is not right. If they think they are gonna lose any money with new taxes or paying people higher salary's they act like they want to kill someone. Over the last 10 to 20 yrs or so the middle class and poor are paying more to cover the super rich who are not paying there fair share to help this country grow. I see a lot of you are fine with this so you would be ok if the 1% owned 60% to 70% of the wealth and USA turned into a third world country it is headed that way
A lot the super rich pay less taxes with all there loop holes than someone making $60k to $150k
False.
Actual U.S. Census and IRS data:
U.S. population 2012: 314 million.
U.S. federal income tax returns filed: Only 135 million.
U.S. federal income taxpayers: Only 71.5 million.
And we know from IRS reports that the top 5% of filers, roughly 7 million, are subsidizing over 300 million people to a very significant extent:
The latest ACTUAL average effective federal income tax rates by income group, published by the IRS:
Top 0.1%: 22.84% Top1%: 23.39% Top 5%: 20.64%
And then a HUGE effective tax rate drop-off below the top 5%... Top 5-10%: 11.98% Top 10-25%: 8.70% Top 25-50%: 6.01% (middle class)
Bottom 50%: 2.37% IRS Latest Federal Income Tax Data
Under our progressive tax structure, how do you not see that the government has an incentive to keep the top earners earning more so that more tax revenue can be collected?
^^^ Do you even know why the super rich have all the loopholes so they can weasel there way out of paying taxes and a lot of them use them to the fullest
^^^ Do you even know why the super rich have all the loopholes so they can weasel there way out of paying taxes and a lot of them use them to the fullest
Please tell us about a loophole that the superrich have and the rest of us don't.
^^^ Do you even know why the super rich have all the loopholes so they can weasel there way out of paying taxes and a lot of them use them to the fullest
Um... What kind of a "loophole" forces someone to pay a 23.39% effective tax rateinstead of a 6.01% effective tax rate? "Loopholes" make people pay a nearly4 times higher tax rate? Really?!?
Location: Just transplanted to FL from the N GA mountains
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Quote:
Originally Posted by hnsq
The effective tax rate of the wealthy is several times more than the effective tax rates of the middle and lower classes. How much more is enough?
Great visual! The problem is.. those who need to actually understand what it means, probably don't. I won't hesitate to say that 1/3 of all the customers I had at the bank had trouble with simple balancing of their checkbook. Why does HR Block and those tax quickie places make so much money? Because there isn't really anything remotely hard about doing the basic 1040EZ, and people actually PAY for that service. It's because for the most part, people can't read and follow simple instructions, nor add 1+1.
So you want Walmart to spend less on "selling" (which is probably Marketing) - which in a retail business is a very important thing to do?
Walmart's revenue vs. Apple really is irrelevant. It is the profitability of their business that matters more. Apple sells less, but makes vastly more profit. Radically different businesses. Yet people like to pick on WMT because most of their workers are unskilled and not paid "enough."
Have you ever done business with WMT (not as s customer)? They are very lean in administrative areas.
There are revenue and profit models. I was drawing distinctions between the two businesses you compared. What you state in bold has nothing to do with what I stated. I just stated facts, you are extrapolating them into some slant of your own.
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