- Mark Cuban says he will pay $288 million in taxes to the IRS.
- “I pay what I owe,” Cuban wrote on X.
- The billionaire says he is “proud to pay my taxes every year”, unlike a former president.
Billionaire Mark Cuban says he’s happy to pay his fair share of taxes, unlike a former president.
“I pay what I owe. Tomorrow I will transfer $288,000,000.00 to the IRS,” Cuban said. wrote on X Sunday.
“This country has done so much for me, I’m proud to pay my taxes every year. Identify a former president that you know didn’t do it,” Cuban added, in what appeared to be an attack on the former President Donald Trump.
I pay what I owe.
Tomorrow I will make a bank transfer to the IRS
$288,000,000.00
This country has done so much for me that I am proud to pay my taxes every year.
Tag a former president you know isn’t https://t.co/jxuICxOIAr
– Mark Cuban (@mcuban) April 14, 2024
This is not the first time that Cuba has attacked Trump. Last month, Cuban told Axios he would vote for President Joe Biden over Trump “all day, every day.”
“I don’t want a snake oil salesman as president,” Cuban said of Trump.
“Trump voters are happy with their snake oil whether it works or not,” he told Axios.
All things considered, Trump isn’t Cuba’s biggest fan either.
“I know Mark Cuban well. He was very supportive of me, but I wasn’t interested in answering all his calls. He’s not smart enough to run for president!” Asset said of Cuban in February 2017.
Cuban said he had nothing else to add when contacted by BI for comment.
Trump has been evasive when it comes to talking about his tax returns. When he was first elected in 2016, Trump claimed he was under audit and would release his tax returns once they were completed.
But the former president didn’t disclose his tax returns until 2022, well after he left office.
Portions of Trump’s past tax returns were also obtained by media outlets including the New York Times. In 2021, the Times reported obtaining more than two decades of tax returns for Trump and his businesses.
According to the Times, Trump paid no federal income taxes for 10 years. The former president paid $750 in federal income taxes in 2016 and 2017, according to the outlet.
Trump’s finances are facing increased scrutiny, especially as his legal debts continue to pile up.
On April 1, Trump posted $175 million bail for his civil fraud case in New York after an appeals court reduced the amount he was required to pay. Trump was initially ordered to pay $454 million bail.
In addition to the civil fraud case, Trump also owes $83.3 million in defamation damages to writer E. Jean Carroll. Last year, a jury ruled that he sexually assaulted Carroll.
Trump experienced a brief turnaround last month when shares of his social media company, Trump Media & Technology Group, soared after its IPO.
According to Bloomberg, Trump’s net worth increased by more than $4 billion as shares of Trump Media rebounded.
Trump Media’s stock prices have since fallen, however. Trump was also left off Forbes’ list of the world’s 500 richest people after stocks fell.
Trump’s representatives did not immediately respond to a BI request for comment sent outside of normal business hours.
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