• Home
  • News
  • World
  • Business
  • Politics
  • Tech
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Web stories
    • Trending
    • Press Release

Subscribe to Updates

Get the latest USA News and updates directly to your inbox.

What's On
THE MUSICAL Film, Starring Will Brill, Rob Lowe and Gillian Jacobs, Sets Theatrical Release Date

THE MUSICAL Film, Starring Will Brill, Rob Lowe and Gillian Jacobs, Sets Theatrical Release Date

July 22, 2026
Rubio says US remains open to Iran talks but warns there ‘will be consequences’

Rubio says US remains open to Iran talks but warns there ‘will be consequences’

July 22, 2026
Ryanair passenger recounts being partly sucked out airplane window: ‘I am lucky’

Ryanair passenger recounts being partly sucked out airplane window: ‘I am lucky’

July 22, 2026
Spain’s World Cup Parade Highlights, From Yamal And His Brother To Joyful Fans

Spain’s World Cup Parade Highlights, From Yamal And His Brother To Joyful Fans

July 22, 2026
Dear Abby: My boyfriend is friends with 500 women on TikTok, but none of them are me

Dear Abby: My boyfriend is friends with 500 women on TikTok, but none of them are me

July 22, 2026
Facebook X (Twitter) Instagram
Just In
  • THE MUSICAL Film, Starring Will Brill, Rob Lowe and Gillian Jacobs, Sets Theatrical Release Date
  • Rubio says US remains open to Iran talks but warns there ‘will be consequences’
  • Ryanair passenger recounts being partly sucked out airplane window: ‘I am lucky’
  • Spain’s World Cup Parade Highlights, From Yamal And His Brother To Joyful Fans
  • Dear Abby: My boyfriend is friends with 500 women on TikTok, but none of them are me
  • Armed man shot and killed by Irvine police called 911, was having a mental health crisis, police say
  • Will Greece derail the EU’s latest Russia sanctions?
  • Kesha Loses Fight to Big Feral Raccoon Intruder Refusing to Leave Her Home: ‘Move In’
  • Privacy Policy
  • Advertise
  • Contact
US Times MirrorUS Times Mirror
Newsletter
  • Home
  • News
  • World
  • Business
  • Politics
  • Tech
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Web stories
    • Trending
    • Press Release
 Weather Login
US Times MirrorUS Times Mirror
Home » IRS in the hot seat over potential cash grab from Spain’s World Cup winnings: ‘It’s a ripoff’
Politics

IRS in the hot seat over potential cash grab from Spain’s World Cup winnings: ‘It’s a ripoff’

staffstaffJuly 21, 20263 ViewsNo Comments
Facebook Twitter WhatsApp Telegram Pinterest Email
IRS in the hot seat over potential cash grab from Spain’s World Cup winnings: ‘It’s a ripoff’

NEWYou can now listen to Fox News articles!

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 ripoff,” 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.”

SPAIN BEATS ARGENTINA TO WIN 2026 FIFA WORLD CUP BEHIND FERRAN TORRES’ EXTRA-TIME GOAL

Income earned from activities performed in America is generally, in almost all instances, taxable by the Internal Revenue Service (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.

Burchett argued the potential tax burden sends the wrong message as the U.S. prepares to host more major international sporting events, saying the country should be encouraging foreign athletes and visitors to spend money domestically rather than subjecting them to steep tax obligations.

US LIFTS COSTLY VISA BOND REQUIREMENT FOR SOME WORLD CUP TRAVELERS, TRUMP ADMINISTRATION SAYS

fifa-world-cup-fans-in-bar

“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.

“We’ve got to get a better tax system,” he added.

The World Cup’s prize pool totaled $871 million in prize money, with $655 million of that total relying on performance in the tournament. All teams that participated in games in the U.S., even if the only payment received was for participation, will have the earnings taxed at some amount.

ON FILING DEADLINE, GOP BLASTS DEMOCRATS FOR OPPOSING TRUMP TAX CUTS, ‘MAKING LIFE MORE EXPENSIVE’

Jackson also criticized the broader U.S. tax code, arguing that corporations should be paying more in taxes rather than workers. He referred to it as a “class example of what’s wrong with our taxation system.”

“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 percent of their income on taxes.”

Rep. Burgess Owens, R-Utah, agreed with his colleagues that the potential 30% tax on the prize is “too much,” but he used the opportunity to touch on the importance of hosting the World Cup in America. As a retired NFL player, he shared how the experience drew him to soccer — a sport he never had any interest in prior to the World Cup.

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

“I have such an appreciation for soccer now,” Owens told Fox News Digital. “I think it’s going to be a game changer for so many of our kids. And so I want to congratulate the president, everyone who made this happen.”

“It is what it is here, unfortunately, in our country of taxes.”

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram WhatsApp Email

Related News

Rubio says US remains open to Iran talks but warns there ‘will be consequences’

Rubio says US remains open to Iran talks but warns there ‘will be consequences’

State of play: Dems battle for shot at crucial Arizona House seat amid GOP’s razor thin majority

State of play: Dems battle for shot at crucial Arizona House seat amid GOP’s razor thin majority

Progressive wave crashes in Sun Belt battleground as moderate holds his seat

Progressive wave crashes in Sun Belt battleground as moderate holds his seat

House narrowly backs allowing troops, Pentagon workers to carry personal guns on military bases

House narrowly backs allowing troops, Pentagon workers to carry personal guns on military bases

Trump-backed firebrand wins Arizona GOP governor primary, setting up high-stakes showdown

Trump-backed firebrand wins Arizona GOP governor primary, setting up high-stakes showdown

Mamdani goes back on campaign promise, says NYC can’t arrest Netanyahu

Mamdani goes back on campaign promise, says NYC can’t arrest Netanyahu

‘Jumping ship’: House Dem finds exit strategy after SCOTUS ruling shifts advantage to GOP

‘Jumping ship’: House Dem finds exit strategy after SCOTUS ruling shifts advantage to GOP

Slack messages released by Rand Paul appear to show authors of key COVID-19 origin paper held private doubts

Slack messages released by Rand Paul appear to show authors of key COVID-19 origin paper held private doubts

Elite universities face federal cash squeeze over millions tied to China-linked entities

Elite universities face federal cash squeeze over millions tied to China-linked entities

Add A Comment

Leave A Reply Cancel Reply

Latest News

Review: Record Shares of Voters Turned Out for 2020 election

Review: Record Shares of Voters Turned Out for 2020 election

January 11, 2021
EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

January 11, 2021
World’s Most Advanced Oil Rig Commissioned at ONGC Well

World’s Most Advanced Oil Rig Commissioned at ONGC Well

January 11, 2021
Melbourne: All Refugees Held in Hotel Detention to be Released

Melbourne: All Refugees Held in Hotel Detention to be Released

January 11, 2021

Subscribe to News

Get the latest USA News and updates directly to your inbox.

Editor's Picks
Review: Record Shares of Voters Turned Out for 2020 election

Review: Record Shares of Voters Turned Out for 2020 election

January 11, 2021
EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

January 11, 2021
World’s Most Advanced Oil Rig Commissioned at ONGC Well

World’s Most Advanced Oil Rig Commissioned at ONGC Well

January 11, 2021
Facebook X (Twitter) Pinterest WhatsApp TikTok Instagram
2026 © US Times Mirror. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?