- Mark Cuban says he’ll be paying $288 million in taxes to the IRS.
- “I pay what I owe,” Cuban wrote on X.
- The billionaire says he’s “proud to pay my taxes every single year,” unlike one ex-president.
Billionaire Mark Cuban says he’s happy to pay his fair share of taxes — unlike one former president.
“I pay what I owe. Tomorrow I will wire transfer to the IRS $288,000,000.00,” Cuban wrote on X on Sunday.
“This country has done so much for me, I’m proud to pay my taxes every single year. Tag a former president that you know doesn’t,” Cuban added, in what appeared to be a jab at former President Donald Trump.
I pay what I owe.
Tomorrow I will wire transfer to the IRS
$288,000,000.00
This country has done so much for me, I’m proud to pay my taxes every single year.
Tag a former president that you know doesn’t https://t.co/jxuICxOIAr
— Mark Cuban (@mcuban) April 14, 2024
This isn’t the first time Cuban has taken a swipe at Trump. Last month, Cuban told Axios that he would vote for President Joe Biden over Trump “all day every day.”
“I don’t want a snake oil salesperson as president,” Cuban said of Trump.
“Trump voters are happy with their snake oil whether it works or not,” he told Axios.
All things said, Trump hasn’t been the biggest fan of Cuban either.
“I know Mark Cuban well. He backed me big-time but I wasn’t interested in taking all of his calls. He’s not smart enough to run for president!” Trump said of Cuban back in February 2017.
Cuban said he had nothing further to add when BI approached him for comment.
Trump has been evasive when it comes to talking about his tax returns. When he was first elected in 2016, Trump claimed that he was under audit and would release his tax returns when it was complete.
But the former president didn’t disclose his tax returns until 2022, long after he left office.
Parts of Trump’s past tax returns were also obtained by media outlets like The New York Times. In 2020, The Times reported that it had obtained more than two decades’ worth of tax returns for Trump and his businesses.
According to The Times, Trump did not pay any federal income taxes for 10 years. The former president paid $750 in federal income taxes in 2016 and 2017, per the outlet.
Trump’s finances have come under intense scrutiny, particularly as his legal debts continue to pile up.
On April 1, Trump posted a $175 million bond for his New York civil fraud case after an appeals court slashed the amount he was required to pay. Trump was originally ordered to pay a bond of $454 million.
Besides the civil fraud case, Trump also owes $83.3 million in defamation damages to writer E. Jean Carroll. Last year, a jury had ruled that he’d sexually abused Carroll.
Trump experienced a brief turn in fortunes last month when shares for his social media company, Trump Media & Technology Group, skyrocketed after it went public.
According to Bloomberg, Trump’s net worth went up by more than $4 billion when Trump Media’s shares rallied.
Trump Media’s stock prices, however, have since fallen. Trump also got bumped from Forbes’ list of the world’s 500 wealthiest people after the stock plunged.
Representatives for Trump did not immediately respond to a request for comment from BI sent outside regular business hours.
