Have you ever wondered how much major athletes pay in taxes? Mark Cuban, minority owner of the Dallas Mavericks, reveals how much he owes the IRS in a post on Twitter/X on Sunday afternoon. I tried.
After saying that Cubans will pay back what they borrow. He shared with his followers that he will wire $288 million to the IRS by Monday's tax filing deadline. He also appeared to attack former President Donald Trump.
“I'm proud to pay taxes every year because this country has given me so much. Tag a former president you know,” Cuban wrote on social media. wrote.
But on Monday, after being contacted by his finance team. Cuban returns to X He revealed that he actually paid $275.9 million in taxes. It turns out that this $288 million figure was a preliminary estimate as of December.
“Do we expect everything to be spent wisely? Of course not,” Cuban wrote. “Still, I am proud to be able to give back to our country.”
In October 2018, new york times has published a Pulitzer Prize-winning series based on leaked tax records showing that President Trump received at least a modern-day equivalent of $413 million from his father's real estate holdings, much of that money. times In the 1990s, it was called “tax evasion.”
The second series in 2020 revealed that President Trump not only paid just $750 in federal income tax in 2017 and 2018, but also paid no income tax at all in 10 of the past 15 years. became. Because Trump generally lost more money than he made.
Cuban, who has criticized President Trump in the past, said: bloomberg news In March, he announced that he would support Joe Biden over the former president in the November election. When asked by a follower how he felt paying the amount he does in taxes, Cuban replied that he tries not to take it for granted.
“It's crazy and surreal in so many ways. I never thought I'd be here,” Cuban said.
After selling a majority stake in the Mavericks to the Adelson family, Cuban has maintained an entrepreneurial role in the Dallas business scene. He currently runs a health care venture called Mark Cuban Cost Plus Drug Company, which began manufacturing its own drugs at its Deep Ellum facility in early March.
The Associated Press contributed to this post.
Read more Mavericks coverage from The Dallas Morning News here.
