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View Diary: Walmart to hire lots of veterans. Unfortunately, it's hiring them to Walmart jobs. (91 comments)

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  •  $960 million in tex credits. NOT. (0+ / 0-)

    Lots of outrage over the evil box's tax credit. And, of course, the number has been wildly inflated as WalMart's 100,000 figure spans five years.

    Under a U.S. tax provision that was extended through 2013, employers can get tax credits of as much as $9,600 per person for hiring veterans, depending on their disability status, hours of work and other criteria. The full $960 million in tax credits would only be reached if Wal-Mart hired all 100,000 employees from the category with the largest available credit and if Congress extends the break for four more years.

    The actual number probably will be smaller because the $9,600 credit is available only for hiring disabled veterans with periods of unemployment exceeding six months.

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