View Single Post
  #58   Report Post  
Posted to alt.home.repair
George George is offline
external usenet poster
 
Posts: 2,907
Default "We kept Wal-Mart out of our town!"

Jim Redelfs wrote:
In article ,
Samantha Hill - remove TRASH to reply wrote:

Actually, Walmarts don't contribute a lot in taxes


Wrong. They pay a LOT in taxes.

because they strategically plan so much of their floor space
to their grocery department, for which they pay no taxes.


Wrong.

The contemporary Supercenter dedicates about 1/3 of the store to its
grocery operation. Pre-packaged, consumable food is not subject to
SALES tax in many areas but virtually everything else is. Given they
are not a not-for-profit entity, they pay taxes on their profit. They
pay property tax.


Not in my state. When they want to build a store we obtain the site and
prepare it for them for free (corporate welfare by transferring wealth
from taxpayers) including the infrastructure such non-trivial costs as
utilities, highway interchanges etc and give them a nine year tax
exemption. They *explicitly* do not pay property taxes and they pay a
very reduced corporate franchise tax or whatever that tax is called to
the state. When the nine years is about to run out they move across the
street to restart the nine year clock. The third local walmart is about
to move across the street as I write this.