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AttachmentG <br /> Wal-Mart has admitted a failure to pay $2.95 billion in taxes for <br />· <br />16 <br />2009. <br /> <br />3.Wal-Mart’s low paying jobs contribute to the decline of the midd <br /> <br /> Median household income declined by 1.8% nationally and 4.1% in <br />· <br />17 <br />City in 2009. This decline will be exacerbated by low paying Wal-Mart jobs. <br /> <br /> Wal-Mart’s average annual pay of $20,774 is below the Federal Pov <br />· <br />18 <br />a family of four. <br /> <br /> A Wal-Mart spokesperson publicly acknowledged in 2004 that, "More <br />· <br />thirds of our people... are not trying to support a family. That <br />19 <br />designed for.” <br /> <br /> Wal-Mart’s 2010 health care offerings have a high annual deductib <br />· <br />which means a family would have to spend $5,102 of their own mon <br />care before Wal-Mart’s insurance pays anything. Based on the av <br />20 <br />Wal-Mart employee this payment represents almost 25% of their an <br />21 <br /> <br /> <br />For these reasons, we conclude that the entry of even a single Wa <br />could have a snowball effect and result in a negative long-term <br />economy and continued decline of the middle class. A single smal <br />superstore, could mean the demise of existing food retailers, en <br />families. Considering Wal-Mart’s aggressive plans for expansion <br />the country, there is no reason to believe the company would be <br />the nation’s largest city. <br /> <br /> <br /> <br />http://www.crainsnewyork.com/article/20100809/FREE/100809838 <br />Page22of95 <br /> <br />