by Mark J. Perry http://www.aei.org/publication/sunday-afternoon-links-5/
Economic Fact of the Day. For every $100 in sales, the average discount retailer like Walmart and Target earns $3.10 in profits, while the average take for the states with state and local sales taxes is more than twice that amount — almost $7, based on the 6.94% average sales tax rate for the 46 states that tax retail sales. Some high-tax states like Tennessee (9.45%), Arkansas (9.2%), Louisiana (8.9%) and Washington (8.9%), take in more than (or almost) $3 in state and local sales taxes for every $1 in retail profit. But look at who attracts the protests and boycotts….
Who Boycotts Walmart — which makes a modest 3.12% profit margin by helping to feed and clothe people who typically do not have a lot of spare money? Social-justice warriors who are too enlightened to let their poor neighbors pay lower prices.
READ MORE: http://www.nationalreview.com/article/393648/who-boycotts-wal-mart-kevin-d-williamson/page/0/1
