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Thread: Walmart uses tax cuts to raise minimum wage

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    Veteran Member bajisima's Avatar
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    Walmart uses tax cuts to raise minimum wage

    Walmart Stores Inc will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month’s major overhaul of the U.S. tax code, the company said on Thursday.

    Walmart, the world’s largest retailer and private employer, said it would also offer a one-time cash bonus, based on length of service, of up to $1,000, and expand maternity and parental leave benefits.

    The pay increase, Walmart’s third minimum wage increase since 2015, and bonus will benefit more than 1 million U.S. hourly workers, it said.

    Walmart is likely to save billions of dollars from the new tax bill. Retailers, in general, have one of the highest average effective tax rates because a majority of their operations are in the United States. It will also help the retailer attract workers at a time when the U.S. unemployment rate is low - currently 4.1 percent - and so competition for low wage workers is rising.

    The hike will also increase the average hourly pay at Walmart for full-time employees to $14.50 from a current $13.85. The payscale for hourly workers will be from $11 to $24.70 per hour, the company said.

    https://www.reuters.com/article/us-w...-idUSKBN1F01N8
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    Wow!

    That is a fantastic impact on the Middle and Lower class by way of the tax cut. I'll bet we still have record tax collections.

    We have a SPENDING problem. Tax cuts are good for the citizens. Now, if we can get D.C. to stop spending so much of our money the nation will progress in bigly ways.
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    Veteran Member cpicturetaker12's Avatar
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    Quote Originally Posted by bajisima View Post
    Walmart Stores Inc will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month’s major overhaul of the U.S. tax code, the company said on Thursday.

    Walmart, the world’s largest retailer and private employer, said it would also offer a one-time cash bonus, based on length of service, of up to $1,000, and expand maternity and parental leave benefits.

    The pay increase, Walmart’s third minimum wage increase since 2015, and bonus will benefit more than 1 million U.S. hourly workers, it said.

    Walmart is likely to save billions of dollars from the new tax bill. Retailers, in general, have one of the highest average effective tax rates because a majority of their operations are in the United States. It will also help the retailer attract workers at a time when the U.S. unemployment rate is low - currently 4.1 percent - and so competition for low wage workers is rising.

    The hike will also increase the average hourly pay at Walmart for full-time employees to $14.50 from a current $13.85. The payscale for hourly workers will be from $11 to $24.70 per hour, the company said.

    https://www.reuters.com/article/us-w...-idUSKBN1F01N8
    That was announced last year. (Not to mention that MANY STATES have changed the minimum wage which WAL MART had to bring those making less up to).

    They're lauding $11.00 an hour. When was the last time you tried to live on that?
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    Veteran Member DebateDrone's Avatar
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    That pay increase is leveraged against the 10 Trillion Trump added to the US debt.
    Last edited by DebateDrone; 11th January 2018 at 09:03 AM.
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    Quote Originally Posted by DebateDrone View Post
    That pay increase is leveraged against the 1.5 Trillion added to the US debt.
    You do not know that. Where was your outrage when Obama raised it over $9 Trillion?

    By the way, we have a SPENDING problem, not a taxation problem.
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    Veteran Member cpicturetaker12's Avatar
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    Quote Originally Posted by DebateDrone View Post
    That pay increase is leveraged against the 1.5 Trillion added to the US debt.
    I'm gonna keep reposting this! Depending on what the employee makes now, you know like $10.25 or $10.50 or $10.75, they could end up paying more in taxes. Ironic huh?

    CLICK


    effectivetaxchanges.jpg
    Last edited by cpicturetaker12; 11th January 2018 at 09:08 AM.

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    Veteran Member DebateDrone's Avatar
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    Quote Originally Posted by Crusher View Post
    You do not know that. Where was your outrage when Obama raised it over $9 Trillion?

    By the way, we have a SPENDING problem, not a taxation problem.
    Obama did so to keep the economy solvent.

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    Veteran Member DebateDrone's Avatar
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    Quote Originally Posted by cpicturetaker12 View Post
    I'm gonna keep reposting this! Depending on what the employee makes now, you know like $10.25 or $10.50 or $10.75, he could end up paying more in taxes. Ironic huh?

    CLICK


    effectivetaxchanges.jpg
    Most of the job postings for walmart jobs were between 9$ and 12$

    https://wit.twc.state.tx.us/WORKINTE...E_POST_BY_TEXT

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    Veteran Member cpicturetaker12's Avatar
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    Quote Originally Posted by Crusher View Post
    You do not know that. Where was your outrage when Obama raised it over $9 Trillion?

    By the way, we have a SPENDING problem, not a taxation problem.
    You mean for 2 (FAILED) WARS 'FOUGHT OFF THE BOOKS', 9/11, Homeland Security (biggest federal agency built since WW2), the 08 crash and the FIRST TARP? Yeah, they were OBAMA'S trillions!
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    Veteran Member DebateDrone's Avatar
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    Quote Originally Posted by Crusher View Post
    Wow!

    That is a fantastic impact on the Middle and Lower class by way of the tax cut. I'll bet we still have record tax collections.

    We have a SPENDING problem. Tax cuts are good for the citizens. Now, if we can get D.C. to stop spending so much of our money the nation will progress in bigly ways.
    We have the same spending problem now that we did during Obama. Now we have less money to pay those bills.

    Trickle down never has worked. We [Americans] need to learn this every 10 years. People long forgot Reagan. People forget 2009.
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