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To: Your Nightmare
$5.5 billion from $288 billion in revenue. So income taxes were less than 2% of their revenue.

Taxes are computed on income not revenue.

193 posted on 09/19/2005 6:48:21 PM PDT by woodbeez (There is nothing in socialism that a little age or a little money will not cure(W. Durant))
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To: woodbeez
Taxes are computed on income not revenue.
So? Revenue is generated by sales (prices). If income taxes are only 2% of revenue, if you remove the income taxes - how much could prices go down for WalMart? No more than 2%.
195 posted on 09/19/2005 8:06:32 PM PDT by Your Nightmare
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