BTW,are his employees unionised what will he do if they stage a strike,asking a few bucks from his 2.5 b fortune. From MC> You really don’t pay attention do you.. Let’s see if he is capable of confronting my arguments…
There is no loan forgiveness if you work in the private sector. It’s ironic that my taxes helped the banks, but they won’t help me. I am so frustrated.
Mr Cuban we also have an investment called “solandra” solar idea that we would like the government to use your tax dollars (appx $535 million) to invest in so a few guys can get rich and sell off tax credits, so your money becomes our money….
M From MC> I actually don’t have much of a problem with Solandra. It was a catastrophe from the beginning . A lot of dallas people lost money. I wouldnt touch it for a lot of reasons. However, even the best VCs lose money on most of their deals. I get that we dont have the right people making investment decisions for the country. But I dont know if i agree that the government should never get in the investment business.
90% of people becoming wealthy today are people in finance jobs which are largely rent-seeking enterprises performing zero-sum or negative-sum transactions.
I could also help someone with lesser loans get out of debt
Be one of the people that creates awesome things, makes things and services that people want, employ happy, hard-working people and does a ton of good for everyone not just in the US, but the world.
Don’t be one of those people that figures out how to steal .0001 cents from every stock transaction by getting their servers closest to the central nyse servers. Don’t be one of those people that moves money around without caring if it’s doing any good.
If I didn’t have this interest, I could get rid of my loans quicker, and become a consumer, which would help the economy
Thank you for voicing your opinion proudly. It’s refreshing to hear this from someone wealthy who hasn’t forgotten the rest of us. Let’s hope that others will follow your example.
OK. I am now a permanent fan of the Mavericks. I’ve had years where I made very little money and paid very little tax. I’ve had years where I made a lot of money and paid a lot of tax. I like the second one better. I wish that fate on all my friends.
I like your idea of paying taxes…so if you could share how much you pay as a percentage of your income by releasing your tax returns it would be a pleasure for me to review them as a PWC/CPA so I can assess your comments transparently and provide you insight where exactly you might pay a little more as deductions like basketball teams are always a bit grey you know.
Or should we not go there and walk away from your comments in “shock and awe” From MC> I honestly dont know what I pay as a percentage. And yes, I have tax accountants and CPAs that conservatively take the deductions that are offered to me. I pretty much get audited every year , stick to the letter of the law and dont take chances. I remember back when I sold broadcast I got hit up with every scheme to defer or avoid paying taxes. My partner and I listened to all of them and made the decision that it was well worth it to write that painful check. And back then rates were far higher than today. So to answer your question, I dont have an answer. And no im not going to make my taxes public. Im a private citizen and i plan on staying that way.