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View Diary: The Low-Wage Wal-Mart Business Model has Broken Our Economy (17 comments)

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  •  Cpqemp - I may not be reading this correctly (4+ / 0-)
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    psyched, ciganka, Cpqemp, llywrch

    but I think the appreciation in the net worth of the Waltons' is due to the appreciation of their stock in Walmart. The appreciation isn't income and therefore isn't taxed. They are appreciated capital assets. No tax is owed until the assets are sold and capital gains income is realized. We have no federal wealth tax in the US and it would take a Constitutional Amendment to initiate one, like the 16th that established the income tax.

    "let's talk about that"

    by VClib on Sun Jun 23, 2013 at 08:58:12 PM PDT

    [ Parent ]

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