Billionaire Mark Cuban said he was “proud” of paying hundreds of millions in taxes to the IRS in a mocking X post ahead of Tax Day.
The Dallas Mavericks owner made the statement Sunday amid a back-and-forth discussion with Outkick writer Ian Miller after Cuban criticized former President Trump’s tax cuts. .
“Mark, I’m not sure if you or your company pay your fair share,” Miller said, noting a frequent topic on the left about how much taxes millionaires, billionaires and large corporations pay. I’m just wondering if I’m paying more than I should in taxes. Thank you very much.” tax.
Mr. Cuban revealed that he paid more than $275 million in taxes. (Kurt “Cyber Guy” Knutson)
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“I will pay what I owe. Tomorrow I will wire the IRS $288 million. This country has given me so much. I am proud to pay my taxes every year. Tagging the former president, who should know,” Cuban replied, dodging Miller’s question about paying his “fair share.”
Mr. Miller replied, “So why wouldn’t you and your company pay more than you owe to correct the injustice of the Trump tax cuts?”
A few fellow X users piled on more Cubans.
“So why not pay more than you have to? #PayYourFairShare,” said Tom Elliott, founder of Gravure.
Former investment banker and author Carol Ross joked: “No way. I’ve been told that wealthy people don’t pay anything.”
“This would cover about 0.00084% of the national debt,” said political commentator Chad Felix Greene. “So even if you risk jail time to make the mandatory payment, it would be of no benefit to the country at all.” It’s no use. Every cent you earn for the government can be given to the government.” Never fund a single program that you support for the rest of your life. ”
“Submit your tax returns and prove you didn’t receive a tax break. We’ll be waiting,” wrote Republican House candidate Eileen Armendariz Jackson.
On Monday, Mr. Cuban revised the total to reveal that he had paid $275.9 million in taxes.
“Yesterday, I got the wrong number. I got the final number and the communication was complete. I hoped it would be accurate. Do I expect everything to be used wisely? Of course not. But , I’m proud to still be able to provide my number.”I’ve said for years that paying taxes after military service is the most patriotic thing we can do,” Cuban said. wrote.
Terry Schilling, president of the American Principles Project, crunched the numbers and said, “We just need 125,000 more billionaires to pay Mark Cuban’s level of taxes to pay off our debt.” Here we go, @mcuban!” he joked.
Syndicated radio host Joe “Pugs” Pagliarulo said: “None of it will be used wisely. It barely scratches the surface of the interest on the debt. Mark, I’m looking for jobs, new business, further research. I trust you more than the government to build it.” And development, etc., should not cost you so much for your hard-earned money. ”
Cubans argued that paying taxes was “patriotic.” (Tim Heitman/Getty Images)
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Cuban made much the same remarks in a 2019 interview with FOX Business’ Neil Kabuto on “Kabuto: Coast to Coast.”
“I don’t mind paying more taxes,” Cuban said. “I think it was after my military service, but actually… patriot who pays taxes. ”
Cuban said then-2020 Democratic candidates Sen. Elizabeth Warren and Sen. Bernie Sanders targeted billionaires like him.[B]Target me more than the men and women and families who make $30,000, $50,000, $80,000 a year and work hard every day. Come on, it’s great. ”
However, he expressed concerns about how the government would use the funds.
President Cuban’s comments about paying taxes were ridiculed ahead of Tax Day on April 15th. (Reuters/Boruto Zivlović)
“The reality is, whether it’s Bernie or Elizabeth Warren, they’re going to max out the taxes they tax us and the amount we pay. But then what are they going to do with it? ?” asked the Cuban.
He added: “We still don’t see the priorities from any team. What are they going to pick first, second, third, fourth?”
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