In a pointed critique of former President Donald Trump, billionaire entrepreneur Mark Cuban recently expressed his pride in fulfilling his tax obligations. "I pay what I owe. Tomorrow I will wire transfer to the IRS $288,000,000.00," Cuban declared, in a statement that seemed to underscore the stark contrast between his approach to taxes and that of Trump.
Cuban, who has been vocal about his disapproval of Trump, added, "This country has done so much for me, I'm proud to pay my taxes every single year. Tag a former president that you know doesn't." This is not the first time Cuban has publicly criticized Trump. He previously told Axios that he would choose President Joe Biden over Trump "all day every day," describing Trump as a "snake oil salesperson."
Meanwhile, Trump's financial affairs continue to draw scrutiny. The former president, who was elusive about his tax returns during his tenure, only disclosed them in 2022, long after leaving office. The New York Times reported in 2020 that Trump did not pay any federal income taxes for 10 years and paid only $750 in federal income taxes in 2016 and 2017.
Trump's legal troubles are also mounting. He recently posted a $175 million bond for his New York civil fraud case after an appeals court reduced the amount he was required to pay from the original $454 million. In addition to the civil fraud case, Trump owes $83.3 million in defamation damages to writer E. Jean Carroll, following a jury ruling that he had sexually abused her.
Despite a brief surge in his fortunes last month when shares for his social media company, Trump Media & Technology Group, soared, Trump's financial situation remains precarious. His net worth increased by over $4 billion when Trump Media's shares rallied, according to Bloomberg. However, the stock prices have since fallen, and Trump was removed from Forbes' list of the world's 500 wealthiest people.
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