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Shoppers will be lining up at the crack of dawn on “Black Friday” for spectacular deals. What they don’t know is that the best bargains have already been taken – not by other shoppers, but by some of America’s largest corporations.
Walmart, the biggest corporation in America, with revenues of almost half a trillion dollars, gets a $1 billion tax break each year on average by exploiting federal tax loopholes, according to a new report from Americans for Tax Fairness. Taxpayers, even those lined up in the early morning darkness at giant retailers like Walmart, pay the price.