The Waltons – who became the richest family in the world by inheriting Wal-Mart – are going to make a stealth appearance in the State Of The Union tonight when President Obama discusses his proposals to close tax loopholes that unfairly benefit the ultra-rich.
The new Forbes 400 list of the richest people in America is out today and the four Walton heirs who own Walmart are all in the top ten once again.
Although his net worth stands at $34.2 Billion,[i] long-time Walmart chairman Rob Walton has not made a single personal contribution to the Walton Family Foundation, according to a new report by The Walmart1Percent.[ii] The report is based on an analysis of 23 years’ worth of the Foundation’s tax returns.
This blog was originally published by Making Change at Walmart.
Yesterday, the U.S. Supreme Court struck down certain limits on individuals’ federal campaign contributions, with a ruling on McCutcheon v. FEC. The Supreme Court declared unconstitutional the cap on the aggregate amount that an individual can give directly to candidates for federal office, federal political action committees, and federal party committees.
Enter your salary below and then click “do the math” to see how long it took the Waltons to make your annual salary last year.
It took the Waltons minutes and seconds to make your annual salary.