Mark Cuban, Dallas Mavericks Owner: "The wealthy should pay lots of taxes"

[240 is Back]

Another example of a person who everyone knows is a brilliant businessman - but suddenly he'll be called a dumbass for agreeing with obama


Mark Cuban, owner of the Dallas Mavericks, said wealthy Americans should pay "lots of taxes" in a post on his blog on Monday.

Titled "The Most Patriotic Thing You Can Do," the post told readers that wealthy Americans should "do something positive" with their money by hiring, training and paying employees and spending money on rent, equipment and services.

"I don’t care what anyone says. Being rich is a good thing," Cuban wrote. "Not just in the obvious sense of benefiting you and your family, but in the broader sense. Profits are not a zero sum game. The more you make the more of a financial impact you can have."

[loco]

With a name like that, "Cuban", I knew he was just an evil commie.     


 

[Soul Crusher]

240 - does a single filer making 200k in NYC, paying off school loans, qualify as wealthy?

[dario73]

Well, then tax him a lot more on his income AND INVESTMENTS. It won't be long before that pig starts squealing.

[Soul Crusher]

Well, the tax him a lot more on his income AND INVESTMENTS. It won't be long before that pig starts squealing.

Its always funny how billionaires make these pronouncements when the actual bills apply to people making 250k a year, which in NYC and other places - is middle class at best. 

[240 is Back]

I like the million dollar cutoff, not 250.

[Soul Crusher]

I like the million dollar cutoff, not 250.

Guess why they have not increased the tax to that threshhold? 

[Grape Ape]

240 - does a single filer making 200k in NYC, paying off school loans, qualify as wealthy?

Yup, that's the point.  When you have millions or billions, the extra tax isn't felt.  But, in the example you provide, it can be the difference between saving something, and saving nothing every year.

[Soul Crusher]

Yup, that's the point.  When you have millions or billions, the extra tax isn't felt.  But, in the example you provide, it can be the difference between saving something, and saving nothing every year.

This is why Obama the lying sack of Kenyan shit is almost universally mocked, laughed at, hated, and no longer paid attention to in any of this other than for entertainment. 

Everyone knows Obama is a lying piece of garbage other than his deluded cult following who grows smaller and smaller.   

[240 is Back]

Guess why they have not increased the tax to that threshhold? 

why?  cause 250-999k = majority are repub voters anyway?

[240 is Back]

deluded cult following who grows smaller and smaller.   

Mods, please move this post to the tea party 2011 thread.

[Soul Crusher]

why?  cause 250-999k = majority are repub voters anyway?

no - because if they raise the threshhol to $1 mill and up - they will gain little or no real tax receipets. 

[kcballer]

I read that bog post.  Great words. 

[Dos Equis]

Who cares what he thinks?  He should go ahead and donate as much as he wants to the IRS, and then shut the heck up. 

[bears]

Another example of a person who everyone knows is a brilliant businessman - but suddenly he'll be called a dumbass for agreeing with obama


Mark Cuban, owner of the Dallas Mavericks, said wealthy Americans should pay "lots of taxes" in a post on his blog on Monday.

Titled "The Most Patriotic Thing You Can Do," the post told readers that wealthy Americans should "do something positive" with their money by hiring, training and paying employees and spending money on rent, equipment and services.

"I don’t care what anyone says. Being rich is a good thing," Cuban wrote. "Not just in the obvious sense of benefiting you and your family, but in the broader sense. Profits are not a zero sum game. The more you make the more of a financial impact you can have."

240.  do you think the wealthy do not pay " lots of taxes"?

[bears]

I'm sorry but for the liberal posters on this board you are being made to look like idiots for believing that the middle class and poor pay more taxes than the rich.  I know some ignorant have been writing articles that say they do but they are WRONG.  there's really no other way to say it.  and you guys are eating it up.  and thats all they need.  some of you will be set straight but a lot of you will perpetuate this lie right into the voting booth next year.  WAKE UP!

[Straw Man]

Who cares what he thinks?  He should go ahead and donate as much as he wants to the IRS, and then shut the heck up.  

Repubs love to give that response when some wealthy person makes the statement that wealthy people should be taxed more..... i.e if they believe it then they should voluntarily give more money to the IRS but not try to impose their belief on others.

funny how Repubs reject that type of argument when it comes to abortion or drugs.  

you know, if you're against abortions or drugs then don't get an abortion or use drugs

the point is that Buffet, Cuban, are saying the the tax code is unfairly skewed to the advantage of wealthy people (not necessary high income "wage earners") and them simply making a donation to the IRS does not address the problem

[bears]

Repubs love to give that response when some wealthy person makes the statement that wealthy people should be taxed more..... i.e if they believe it then they should voluntarily give more money to the IRS but not try to impose their belief on others.

funny how Repubs reject that type of argument when it comes to abortion or drugs.  

you know, if you're against abortions or drugs then don't get an abortion or use drugs

the point is that Buffet, Cuban, are saying the the tax code is unfairly skewed to the advantage of wealthy people (not necessary high income "wage earners") and them simply making a donation to the IRS does not address the problem

and their point is completely wrong.  THE TAX CODE IS NOT UNFAIRLY SKEWED TO THE ADVANTAGE OF THE WEALTHY.  and unfortunately you believe them.  why do you believe them?  the statistics are plain as day.  and people like yourself simply refuse to accept the truth.  the funny thing is all they have to do is say it.  and you are going to walk into a voting booth next year believing that the poor and middle class pay more taxes than the rich.

[Soul Crusher]

The truly fair tax is a national sales tax with exemption for food and medical, nothing else.   

[bears]

Repubs love to give that response when some wealthy person makes the statement that wealthy people should be taxed more..... i.e if they believe it then they should voluntarily give more money to the IRS but not try to impose their belief on others.

funny how Repubs reject that type of argument when it comes to abortion or drugs.  

you know, if you're against abortions or drugs then don't get an abortion or use drugs

the point is that Buffet, Cuban, are saying the the tax code is unfairly skewed to the advantage of wealthy people (not necessary high income "wage earners") and them simply making a donation to the IRS does not address the problem

and putting an even larger burden on the rich to earn more tax revenue is not going to address the problem either.  The tax rate does not exist that will make up for the amount that we are spending.  It's the equivalent of the Hoover damn bursting and bringing 100 rolls of paper towels to help out.

[Straw Man]

and putting an even larger burden on the rich to earn more tax revenue is not going to address the problem either.  The tax rate does not exist that will make up for the amount that we are spending.  It's the equivalent of the Hoover damn bursting and bringing 100 rolls of paper towels to help out.

the only "problem" it addresses is the inequity in the tax system.

It certainly won't (by itself) fix the deficit or pay down the debt but it's part of the equation

The Repubs won't even acknowledge that this IS part of the equation

I'm for a balanced approach that includes both revenue and spending

[bears]

the only "problem" it addresses is the inequity in the tax system.

It certainly won't (by itself) fix the deficit or pay down the debt but it's part of the equation

The Repubs won't even acknowledge that this IS part of the equation

I'm for a balanced approach that includes both revenue and spending

does everybody see what i'm talking about here?  Straw man thinks that our tax system is not a progressive tax system and that it is skewed towards favoring the rich.  HE IS WRONG.  Period.  But all they have to do is say it.  And straw man will walk into the voting booth thinking that we do not have a progressive tax system in the US.  I'll say it again even though it won't do any good.  The top 10% of tax returns pay almost 60% of our tax bill.  That is a progressive tax system.  There is no way around it.  Are there some tax advantages that are extended to the rich?  Yes there are.  Does that mean that our entire tax sysytem is inequitable?  No.  These authors are taking factoids and turning them into something they're not.  And Straw Man is eating it up.

[Soul Crusher]

does everybody see what i'm talking about here?  Straw man thinks that our tax system is not a progressive tax system and that it is skewed towards favoring the rich.  HE IS WRONG.  Period.  But all they have to do is say it.  And straw man will walk into the voting booth thinking that we do not have a progressive tax system in the US.  I'll say it again even though it won't do any good.  The top 10% of tax returns pay almost 60% of our tax bill.  That is a progressive tax system.  There is no way around it.  Are there some tax advantages that are extended to the rich?  Yes there are.  Does that mean that our entire tax sysytem is inequitable?  No.  These authors are taking factoids and turning them into something they're not.  And Straw Man is eating it up.

i have been arguion w straw for years now.   Nothing wil get throuygh to him. 

[The Showstoppa]

They already do.   

[bears]

does everybody see what i'm talking about here?  Straw man thinks that our tax system is not a progressive tax system and that it is skewed towards favoring the rich.  HE IS WRONG.  Period.  But all they have to do is say it.  And straw man will walk into the voting booth thinking that we do not have a progressive tax system in the US.  I'll say it again even though it won't do any good.  The top 10% of tax returns pay almost 60% of our tax bill.  That is a progressive tax system.  There is no way around it.  Are there some tax advantages that are extended to the rich?  Yes there are.  Does that mean that our entire tax sysytem is inequitable?  No.  These authors are taking factoids and turning them into something they're not.  And Straw Man is eating it up.

http://www.taxfoundation.org/research/show/250.html#Data


here is the IRS statistics on tax.  this is not some rich guy's take on tax policy.  these are the cold hard facts.  and it's not like this is hard to find.  just go the fucking IRS website.  which is why i get so worked up when i hear all this bullshit.