Coyote Blog | Warren Meyer | Wal-Mart Thought for the dayThis is shocking and simultaneously not at all surprising.
Wal-Mart’s profit to shareholders is about 3.6% of sales. This means that for the majority of the country, on the items you buy at Wal-Mart, they are earning less than half of what the government takes in sales tax on the same item.
A similar story:
Exxon's profit margin last year was 5.7%. Based on the current national average gas price of $3.579/gal, they would make 20.4 cents per gallon. The government's profit, for comparison, is 48.1 cents per gallon, or 13.4% of each sale at today's prices, or almost two and a half times what the producer makes.