Lets do the math since it doesn't appear that the OP is capable of using a calculator.
$420,750.00 x 3700 = $1,556,775,000.00 or "one billion, five hundred fifty six million, seven hundred seventy five thousand dollars"
Walmart paid $5,300,000,000.00 in federal taxes. So the federal governtment made $3,443,225,000.00 off of them last year.
They paid $677,000,000.00 in state and local taxes.
They paid $1,100,000,000.00 on international taxes.
Their actual rate of taxes was around 32% (corporate rate is 35%) on the $22,000,000,000.00 in profit they made.
Once again Fuzz, you are no more than a "stay at home idiot" and pot stirring fool.
Tax bills for 5 corporate giants
The 2009 income tax bills for America's biggest companies ranged from $0 to $15 billion.
Here's why.
1 of 5
Wal-Mart Stores: $7.1 billion
U.S. federal: $5.3 billion
U.S. state and local: $677 million
International: $1.1 billion
Before taxes, the world's largest retailer banked $22.1 billion in profit. After deductions and factoring in its international operations, the company still paid just under a third of that back in taxes to various governments.
The federal tax rate for corporations is 35%. Wal-Mart's effective income tax rate came in just under that, at 32.4%
It works the same way for individuals. Just as a person can lower his or her tax rate through deductions and credits, so too can major corporations, said Scott Hodge, president of the Tax Foundation.
But remember, income taxes aren't the only payments major companies make to the IRS. "Wal-Mart probably collects and pays more sales taxes than any other company on earth," Hodge said.
By Annalyn Censky, staff reporter
http://money.cnn.com/galleries/2010/news/1004/gallery.top_5_tax_bills/index.html
