Good, because with the increase in profit, many more others will want to buy the stock.
So. I guess Mark would be against individuals taking advantage of tax laws to minimize their exposure.
You know, those Americans who file for EITC (Earned [ha!] Income Tax Credits).
Those Americans for file for Energy credits.
Those Americans who file for SSI [having paid not one DIME of funds to Social Security] for dependents of deadbeat absent parents.
Those Americans who file for Section 8 housing.
Those Americans who file for SNAP, TANF and any number of the 80 + entitlement programs.
You know, those Americans.
What could be fairer than that?
The Obama-Class stylized elites are nitwits.
And if a CEO is not considering major tax implications - then I’M selling the stock.
Cuban is trying like hell to get back into the good graces of the NBA following his ill-advised remarks during the Donald Sterling fiasco.
What if a company demands that a poor city provide huge subsidies to build a sports stadium that makes the company rich? Would you invest in that type of company, Mark?
He has probably been threatened by the administration for his “racist” remark; “If I see a black kid in a hoodie and it’s late at night, I’m walking to the other side of the street,” he said. “And if on that side of the street, there’s a guy that has tattoos all over his face — white guy, bald head, tattoos everywhere — I’m walking back to the other side of the street.”
Perhaps Cuban should put his money where his mouth is and move out of Texas, which has no state income tax, to another state with high state income taxes.
I think that Mark Cuban is more of a troll and a contrarian than a liberal, to be honest. He also angered the liberals by daring to suggest that most people might want to keep their distance from people dressed like Imam Iced Tea. That’s not something a liberal would say.
I’m interpreting his comment on investing as sarcastically mocking the liberal morons who “ethically invest”. If your company is finding a way to reduce its tax burden, then that means more money for the shareholders, which makes for a good investment. Companies which believe they are obliged to “give back to society” are terrible long-term investments, but you can play the stock market and exploit short-term liberal attraction to said companies.
What about companies that move offshore for cheap labor? Does Mark have a problem with that?
Did anyone ask Mark how many CPAs and Tax Lawyers he has on his payroll?
Cuban is a classic hypocrite. The American Airlines Center received substantial funding courtesy of the taxpayers of Dallas.
Well, this is they way capitalism is supposed to work.
He’s free to do whatever he wants with his money.
The Leftists will respond by threatening nationalization for companies that go through with inversion.
Force existing taxpayers to make it up? Cuban is a fraud.
How ‘bout the government cutting a little so no one will need to “make it up”.
Speaking of Dallas, John Wiley Price FINALLY was arrested.