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Published: Thu, 12/04/14
- Economic Fact of the Day - 2014-12-04 12:07:11-05
by Mark J. Perry http://www.aei.org/publication/sunday-afternoon-links-5/ Economic Fact of the Day. For every $100 in sales, the average discount retailer like Walmart and Target earns $3.10 in profits, while the average take for the states with state and local sales taxes is more than twice that amount — almost $7, based on the 6.94% average sales tax rate for […]