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Trump’s tax cuts will help the Walton family more than Walmart workers

As some Walmart workers struggle to get by, the company’s owners are thriving.

The Walton family, majority stakeholders of supermarket giant Walmart WMT, -0.44% benefitted from an estimated $6.5 billion in tax breaks on share holdings over the last 16 years, according to an analysis from the union-backed group Making Change at Walmart. This works out at an average of $1.1 million per day in savings.

The researchers estimated the total value of dividend income received by the Walton family from 2003 through 2018. Secondly, they added the total shares held by Walton Enterprises LLC with the shares of the Walton Family Holdings Trust, as reported in the SEC filings for each year.

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