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 tax millionaires, billionaires and big corporations pay. I’m wondering if I’m paying more tax than I should to pay my share. Thank you very much.” tax.
“I’ll pay what I owe. Tomorrow I’ll wire the IRS $288 million. I’m proud to pay my taxes every year because this country has given me so much.” “Tag a former president you know that you don’t know.” answereddodging 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 pay more than you have to? #PayYourFairShare,” said Tom Elliott, founder of Gravure.
“Impossible. I was told that wealthy people don’t pay anything,” joked former investment banker and author Carol Ross.
Political commentator Chad Felix Green estimated that this would cover about 0.00084% of the national debt. In other words, forced payment at the risk of imprisonment is not in the interest of the state at all. You can donate the money you earn to the government for the rest of your life and never have to fund the programs you support. ”
Republican House candidate Eileen Armendariz Jackson said, “File your tax returns and prove you didn’t get a tax break. We’ll be waiting.”
On Monday, Mr. Cuban revised the total to reveal that he had paid $275.9 million in taxes.
“Yesterday, I made a mistake in my phone number. I got the final number and the wiring is complete. I hoped it would be accurate. Do I expect everything to be used wisely? Of course not. But , I’m still proud to be able to give back to this country. I’ve said for years that finishing my military service and paying my taxes is the most patriotic thing we can do. I have written.
Terry Schilling, president of the American Principles Project, crunched the numbers and joked: Let’s go @mcuban!”
Syndicated radio host Joe “Pags” Pagliarulo said: That’s just scratching the surface of debt interest. Mark, I trust you more than the government to build jobs, new business, more research and development, etc. I’m really sorry that the money you worked so hard to earn is such a huge burden. That should not be. ”
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’s actually patriotic to pay taxes after you’ve finished your military service.”
Cuban said of then-2020 Democratic candidates Sen. Elizabeth Warren and Sen. Bernie Sanders targeting 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 towards me, that’s great. ”
However, he expressed concerns about how the government would use the funds.
“The reality is, whether it’s Bernie or Elizabeth Warren, they’re going to raise the taxes they charge us and the amount we pay the most. But then what are they going to do? ” asked the Cuban.
He added, “What we haven’t seen yet from any team is the priorities. What are they going to pick first, second, third, fourth?”
