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To: Rusty0604
average big-box stores such as Wal-Mart earn only $3.10 in profit for every $100 in sales

I see from many responses that many do not understand business.

Regardless of where the money came from the average profit for every $100 spent is $3.10. The point is that governments receive more in taxes from that $100 than Wal-Mart receives in profits.

If you were to check on gasoline tax you will discover that the governments also receives a greater portion of the $100 than the oil companies, the refineries, or retail pumps.

24 posted on 12/03/2014 4:34:57 PM PST by MosesKnows (Love many, trust few, and always paddle your own canoe.)
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To: MosesKnows

“If you were to check on gasoline tax you will discover that the governments also receives a greater portion of the $100 than the oil companies, the refineries, or retail pumps.”

There is a federal tax per gallon, state tax per gallon, and state sales tax on the sell at the pump. I know CA loses a lot of sales tax money with low gas prices. They will have to not fix their potholes even longer.


25 posted on 12/03/2014 5:19:47 PM PST by Rusty0604
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