American businessman Mark Cuban took to X to update his followers on the outcome of an earlier decision to pay his tax.
KPMG Estimates Mark Cuban’s Tax
According to Cuban, he has wired a total of $275.9 million to the Internal Revenue Service (IRS) as payment for his 2023 remaining tax burden. This payment also includes for the first quarter of 2024.
The billionaire admitted to initially miscalculating the tax he owed to the government. From the screenshot of a mail that he posted, it turned out that instead of the $288 million calculated earlier, his actual tax was $275.9 million, as calculated by top auditing firm KPMG.
The billionaire does not think that all of the money would be put to appropriate use but he seemed less disturbed about it. He was more concerned about fulfilling his civic duty to his country and being a patriotic citizen.
“I’m still proud to be able to give back to our country,” Cuban said “I’ve said it for years. After military service, paying your ta
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