Having said that, Mark Cuban is someone i've definitely come to respect because of this community. i'd be a little bummed if he wasn't practicing what he was preaching and holding himself to higher noble truths for which he presents.
don't confuse my post with advocation.
if insider trading pisses you off, do a little research into corporate taxation...you'll be amazed to know many of the banks getting in line for $700 billion in cash also pay little to no taxes, and some of them indeed exploit loopholes to get tax REBATES in the hundreds of millions. wachovia is one for sure that got hundreds of millions in tax credits.
let me break it down for you:
- poor people pay no taxes
- corporations pay few taxes (via loopholes)
- the rich pay few taxes (via offshoring and loopholes)
- you and i pay all the tax
The latest IRS reports show that the wealthiest 10% and large corporations still pay over 60% of all taxes despite loopholes and creative accounting techniques.
http://www.straightdope.com/columns/read/1118/do-the-rich-pa...