Billionaire Mark Cuban has expressed his willingness to pay his fair share of taxes, in stark contrast to a former president.
On Sunday, Mark Cuban took to X to announce that he will be paying off his debt to the IRS. In a straightforward manner, he stated, “I pay what I owe. Tomorrow I will wire transfer $288,000,000.00 to the IRS.”
“I take great pride in paying my taxes every year because this country has done so much for me. I challenge you to tag a former president who doesn’t feel the same way,” Cuban expressed, seemingly taking a dig at former President Donald Trump.”
In a recent interview with Axios, Mark Cuban expressed his preference for President Joe Biden over Trump, stating that he would vote for Biden “all day every day.” This is not the first time Cuban has criticized Trump.
“I don’t want Donald Trump as president, he’s just a snake oil salesperson,” criticized Cuban.
According to Axios, he stated that Trump supporters are satisfied with the snake oil they have, regardless of its effectiveness.
Trump, in all honesty, has not been a great admirer of Cuban either.
“I have a good understanding of Mark Cuban. He provided significant support to me, but I wasn’t keen on answering all of his calls. In my opinion, he lacks the intelligence required to run for president!” Trump expressed in February 2017.
When approached for comment, Cuban stated that he had nothing more to add.
Trump has been evasive when discussing his tax returns. In 2016, after being elected, he stated that he was under audit and would only release his tax returns once the audit was concluded.
However, the former president did not release his tax returns until 2022, which was well after his tenure in office had ended.
Media outlets like The New York Times were able to obtain parts of Trump’s previous tax returns. In 2020, The Times reported that they had acquired over two decades’ worth of tax returns for Trump and his businesses.
The Times reported that Trump went without paying any federal income taxes for a span of 10 years. In 2016 and 2017, the former president only contributed $750 to federal income taxes, as stated by the outlet.
Donald Trump’s financial situation has been the subject of significant scrutiny, especially with the growing accumulation of his legal debts.
On April 1, Trump voluntarily posted a $175 million bond for his New York civil fraud case, following a reduction in the required amount by an appeals court. Initially, Trump was ordered to pay a bond of $454 million.
In addition to the civil fraud case, Trump is also facing a $83.3 million defamation damages claim from writer E. Jean Carroll. Last year, a jury concluded that he had sexually abused Carroll.
Last month, Trump’s social media company, Trump Media & Technology Group, witnessed a significant rise in its shares after it went public.
According to Bloomberg, Trump experienced a significant increase in his net worth of over $4 billion as the shares of Trump Media soared.
Trump Media’s stock prices have experienced a significant decline lately. This decline has resulted in Trump being removed from Forbes’ list of the world’s 500 wealthiest people.
BI reached out to representatives for Trump for comment, but they did not respond immediately.
