Apple plans new U.S. campus, to pay $38B in foreign cash taxes

Re:Apple plans new U.S. campus, to pay $38B in foreign cash ... by colemannugent on Wednesday January 17, 2018 @04:12PM (#16171873)

Walmart employs about 2.3 million people. At $1000 per employee that's $2,300,000,000 going back into the economy.

Now, if Walmart gave everyone who worked there a $1 raise. With about 1.5 million full-time employees working around 1700 hours per year (US average 2016) that would mean about $2,550,000,000. So that bonus is almost equivalent to a temporary raise in terms of benefits.

That is just for full-time employees. A blanket $1 raise would probably come out to about $4,000,000,000 each year that Walmart may not have if the tax cuts are removed by the next administration, which they very well could be.

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Re:Apple plans new U.S. campus, to pay $38B in foreign cash ... by ovao on Wednesday January 17, 2018 @04:41PM (#16172183)

Walmart has said that the bonuses will cost $400M, so that's not $2.3B going into the economy. Only some employees are eligible for a $1,000 bonus: some will receive between $200 and $1,000, and employees who earned less than $11/hour prior to the raises are not eligible for a bonus.

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