TV News LIES

Saturday, Jul 26th

Last update08:58:14 PM GMT

You are here News Domestic (USA) Walmart Scammed American Taxpayers for $104 Million by Giving Executives Obscene Bonuses

Walmart Scammed American Taxpayers for $104 Million by Giving Executives Obscene Bonuses

E-mail Print PDF

walmartThis just in: Walmart used a tax loophole to get you and me to pay millions to executive fatcats in undeserved bonuses. How do you like that?

You probably don't like it at all, because you know that on top of that, you also fork over your tax dollars to maintain the company's system of low wages, which require Medicaid, food stamps, and other public assistance to sustain workers who do not earn enough to live on. Not to mention what you pay to maintain the roads and infrastructure Walmart uses to do business. Or what you pay to educate its workforce through public schools. Etc, etc. etc.

Walmart workers can't afford to feed their children, but things are sure different at the top of the Walmart food chain, where executives gobble up stratospheric sums for doing a piss-poor job.

According to a new report by the Institute for Policy Studies (IPS) and Americans for Tax Fairness (ATF) Walmart managed to finagle $104 million in taxpayer subsidies over a six-year period due to tax deductions for “performance-based” executive compensation. Eight top executives were able to rake in more than $298 million in “performance pay” that was fully tax deductible.

The report release comes just days before Walmart’s annual shareholder meeting on Friday, June 6.

More...


Most Recent Related Stories...


Detroit Shuts Off Water to Residents but Not to Businesses Who Owe Millions

Detroit shuts water to people not businessMore than 15,000 households have had their taps turned off for being past due. Yet the...

Anti-violence youth gunned down, but not silenced

Ravon JordanDressed in jeans, a low-neck T-shirt and white sneakers, 19-year-old Ravon Jordan strode confidently to the...

State judge strikes down Florida's gay marriage ban, stays ruling

Gay marriage allowed in FloridaA state judge struck down Florida's gay marriage ban on Friday in the latest in a...

Judge says DNA test showsTexas man should be exonerated in rape

Michael PhillipsA Dallas man who prosecutors say did not commit a 1990 rape for which he served...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!