SEC Charges Mark Cuban With Insider Trading

Re:SEC Charges Mark Cuban With Insider Trading by crabapple on Monday November 17, 2008 @12:49PM (#367129)

I hate your attitude if that's the case... lawlessness is not something i'll tolerate, no one should.

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

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Re:SEC Charges Mark Cuban With Insider Trading by pchristensen on Monday November 17, 2008 @03:10PM (#367284)

Sorry dude, the rich and corporations might not pay all the tax they're supposed to, but they pay the majority of the taxes collected.

http://www.straightdope.com/columns/read/1118/do-the-rich-pa...

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Re:SEC Charges Mark Cuban With Insider Trading by jfornear on Monday November 17, 2008 @03:08PM (#367280)

How are you coming to these conclusions?

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.

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Re:SEC Charges Mark Cuban With Insider Trading by dustineichler on Monday November 17, 2008 @02:40PM (#367237)

I realized as much, np. At the very least appreciate what you wrote, but i'll checkout "corporate taxation". Thanks.

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