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The Real Cost of Walmart to Taxpayers

Over the last 52 weeks, shares have fluctuated from $71.51 on the low end to $81.37 on the high end. Walmart is now near record highs, and investors may not be all that eager to go all-in at that valuation. Findings of Americans for Tax Fairness Report

Wednesday's Americans for Tax Fairness report found that Walmart accounted for $13.5 billion in sales paid with food stamps in 2013. The states in which Walmart took in the most revenue from food stamps are:

  • California -- $1.38 billion
  • Florida -- $1.06 billion
  • Texas -- $1.05 billion
  • New York -- $1.01 billion
  • Illinois -- $607.5 million
  • Georgia -- $522 million
  • Michigan -- $497 million

Employees of Walmart earn on average $11.83 per hour, which is above the federal minimum wage of $7.25 per hour. Workers also have access to 401(k) retirement plans, health and education benefits.

Walmart continues to invest in non-profits -- including a donation of $515,000 via the Walmart Foundation Nevada State Giving Program -- as well as donating $1.75 million in grants, $10 million to the U.S. Manufacturing Innovation fund and an ongoing collaboration with Wild Oats to reduce organic food prices.

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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