As reigning 2026 FIFA World Cup champions, Spain won $50 million in prize money, but a large portion of that could be subject to federal taxes in the United States — potentially up to 30%. “I think it’s a rip-off,” Rep. Tim Burchett, R-Tenn., told Fox News Digital. “I’m not a fan of it, but Americans have to do it. American professional athletes do it, so they knew that when they came over here.” [snip] Income earned from activities performed in America is generally, in almost all instances, taxable by the IRS. Under tax law in the U.S., certain payments to nonresident foreign athletes are generally subject to a 30% federal withholding unless reduced by a tax treaty or a different exception. “It’s wrong, and that kind of highlights something bigger,” Rep. Jonathan Jackson, D-Ill., said about the potential high tax rate on Spain’s prize. [snip] French fans celebrate after their team won a 2026 World Cup match against Sweden in the Brooklyn borough of New York City June 30, 2026. (Leonardo Munoz/AFP via Getty Images) “I’m not a big fan of the IRS,” Burchett said. “They made that money over here, I guess, but I don’t like all that. We want to encourage these people to come over here and spend their money, and then we take a big chunk of it. [snip] “They should be paying the taxes as opposed to having tax loopholes,” Jackson said. “The people, the laborers that are working, they should not have to pay 30% of their income on taxes.” “It is what it is here, unfortunately, in our country of taxes.” (*) Full article: https://www.foxnews.com/politics/irs-hot-seat-over-potential-cash-grab-spains-world-cup-winnings-ripoff Post navigation Catholic Bishop Warns Against the Invasion of Europe
