Due to a recent influx of reported posts, I decided to make this sticky to clear several things up.
1-The report button is only for reporting a post that is somehow inappropriate according to the Terms of Service (see below).
2- While begging for rep is generally frowned upon, it is not against the Terms of Service (click for the list). Thus, it is not needed to report someone for asking for reputation.
3- The report button is NOT for giving rep, it is for reporting something that does break the Terms of Service to the moderators (local and otherwise).
4- If you want to give reputation (the good rep), click here for more information and a general FAQ.
Thanks,
Legio