I went on
a binge this week catching up on past episodes of “Shark Tank,” ABC’s hit show that
has investors, The Sharks, listening to pitches from entrepreneurs seeking
investment into their companies.
are coming from all walks of life seeking several different types of
investments from $10,000 to multi-million dollar deals.
One of the
investors/sharks is Dallas Mavericks
owner Mark Cuban. Cuban is known as a
winner and watching him on the show proves his competiveness, wit, humor, and
desire to win. Cuban is willing to cut
someone at the knees to make a deal, but he is also in it to win.
It was my
interest in the show and Cuban that led me to his
blog, Blog Maverick. He wrote a post
Views on Corporations & Taxes and it gives a great insight into his
views on business.
four points to his blog and three are surrounding competition. He downplays the corporate tax rates as
having an impact on business, tax rates are not a reason to hire, but rather
customer happiness, and that companies invest cash because it is strategic.
with him on all parts and think that many times we utilize taxes as an excuse
for not succeeding. Many communities
utilize tax incentives as a reason to attract big business. It brings jobs and essentially helps the tax
base for those communities.
As I read
this article, I thought about you, the individual tax payer. How often do you make decisions based off of
taxes? Do you shop across county lines because
the sales taxes are cheaper? Do you make investment, donation, or write-off
choices for the pure fact of being in a lower tax bracket?
I have met
individuals who focus all of their time on saving, budgeting, and being frugal
as opposed to making sufficient money to live the life of their dreams. Cuban is a spender, a business man, and a
winner and I think we can learn something from his approach to business.
17th is quickly approaching, make sure you get into Liberty Tax and
we will help you achieve your tax goals.
Make sure you get in quickly so that you don’t miss the tax deadline!