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Home  /  World  /  The US  /  Mark Cuban says he’s proud to pay $288 million in taxes

Mark Cuban says he’s proud to pay $288 million in taxes

by Shriya Kataria
April 15, 2024
in Money, The US, World
Reading Time: 2 mins read
Mark Cuban says he's proud to pay $288 million in taxes

Mark Cuban expressed pride in paying his taxes, revealing in a social media post that he had paid $288 million to the IRS. The billionaire, aged 65, emphasized his satisfaction in fulfilling his duty as a citizen. In the post, Cuban appeared to take a dig at Donald Trump, whose finances have faced scrutiny amid legal issues.

“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,” the Shark Tank star wrote on X, formerly Twitter. He further wrote, “Tag a former president that you know doesn’t,” in what appeared to be a jab at the presumptive GOP nominee.

Cuban’s tweet has garnered 15.4 million views on the platform so far

Cuban’s tweet, which has garnered 15.4 million views on the platform so far, was in response to Ian Miller’s question directed at him that read, “Hey Mark just wondering if you or your corporations pay more than the required taxes in order to pay your fair share, thanks so much.”

This is not the first time that the co-owner of 2929 Entertainment has taken a swipw at Trump. Last month, Cuban told Axios, “I don’t want a snake oil salesperson as president. I’m voting for Biden/Harris over Trump all day every day.”

Trump’s tax payments faced scrutiny when he became the first president in years not to release his tax returns during his presidential campaign. While he had no legal requirement to disclose them, his choice to keep them private raised numerous questions. Despite Cuban’s transparency about his payment to the IRS, his declaration as a “proud” tax-paying citizen was met with criticism by many. A user replied to his tweet, stating, “Trump donated his entire presidential salary to good causes. Just one of the many good things Trump has done for the country in his lifetime.”

Another called Cuban out for paying less taxes than he should, saying, “You’re basically paying 8% of the 3.5 billion you made from selling the mavericks. Nice try though.” Brigitte Gabriel wrote, “This is a disingenuous post. Did you not take any tax breaks or write-offs? President Trump pays exactly what he is required to pay according to the tax code, just like you. You’re both in completely different businesses with completely different regulations. Do better.”

Tags: Mark Cuban
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