Close Menu
  • US
  • World
    • Canada
    • Europe
    • Asia
    • Africa
    • Australia
    • South America
  • Politics
  • Business
    • Finance
    • Investing
    • Markets
    • Economy
    • Small Business
    • Crypto
  • Money
  • Lifestyle
  • Sports
  • Videos
  • Topics
    • Entertainment
    • Health
    • Tech
    • Travel
  • More Articles
Trending Now
Air raid siren sounded for residents of eastern Poland

Air raid siren sounded for residents of eastern Poland

September 17, 2026
Strike action on the table if Stellantis sticks to plan to sell Brampton plant: union

Strike action on the table if Stellantis sticks to plan to sell Brampton plant: union

September 17, 2026
The WA tourism towns with more Airbnb listings than rentals

The WA tourism towns with more Airbnb listings than rentals

September 17, 2026
Which ‘One Chicago’ Stars Aren’t Returning in 2026? ‘Chicago Fire,’ ‘Med’ and ‘P.D.’ Exits Explained

Which ‘One Chicago’ Stars Aren’t Returning in 2026? ‘Chicago Fire,’ ‘Med’ and ‘P.D.’ Exits Explained

September 17, 2026
Fox News ‘Antisemitism Exposed’ Newsletter: NFL owner sacks hateful Macklemore

Fox News ‘Antisemitism Exposed’ Newsletter: NFL owner sacks hateful Macklemore

September 17, 2026
Facebook X (Twitter) Instagram
Just In
  • Air raid siren sounded for residents of eastern Poland
  • Strike action on the table if Stellantis sticks to plan to sell Brampton plant: union
  • The WA tourism towns with more Airbnb listings than rentals
  • Which ‘One Chicago’ Stars Aren’t Returning in 2026? ‘Chicago Fire,’ ‘Med’ and ‘P.D.’ Exits Explained
  • Fox News ‘Antisemitism Exposed’ Newsletter: NFL owner sacks hateful Macklemore
  • AI hysteria has a Y2K problem — and the stakes this time could be far higher
  • Nvidia CEO draws line on AI safety after alarming incidents: ‘If it’s not ready, just hold it back’
  • Roll The Tape: Who Will Win The Ben Johnson-Brian Flores Chess Match?
  • Privacy
  • Terms
  • Advertise
  • Contact
Pure Info NewsPure Info News
Newsletter
  • US
  • World
    • Canada
    • Europe
    • Asia
    • Africa
    • Australia
    • South America
  • Politics
  • Business
    • Finance
    • Investing
    • Markets
    • Economy
    • Small Business
    • Crypto
  • Money
  • Lifestyle
  • Sports
  • Videos
  • Topics
    • Entertainment
    • Health
    • Tech
    • Travel
  • More Articles
 Markets Login
Pure Info NewsPure Info News
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’

News RoomNews RoomJuly 22, 2026No 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

AI hysteria has a Y2K problem — and the stakes this time could be far higher

AI hysteria has a Y2K problem — and the stakes this time could be far higher

Historic newspaper gives El-Sayed a savage rebuke for hiding his past while endorsing his opponent

Historic newspaper gives El-Sayed a savage rebuke for hiding his past while endorsing his opponent

Political insider turns anti-incumbent table on 8-year Dem in key Senate race: ‘Hasn’t delivered’

Political insider turns anti-incumbent table on 8-year Dem in key Senate race: ‘Hasn’t delivered’

Democrats reluctantly hand Trump major victory on key program targeting Tim Walz

Democrats reluctantly hand Trump major victory on key program targeting Tim Walz

Homeowners in the heart of America’s AI boom are getting an unexpected payoff

Homeowners in the heart of America’s AI boom are getting an unexpected payoff

Brandon Johnson’s latest viral moment sends Chicago critics into a frenzy: ‘What the actual F?’

Brandon Johnson’s latest viral moment sends Chicago critics into a frenzy: ‘What the actual F?’

Harris joins forces with radical Senate nominee in key swing state as 2028 whispers swirl

Harris joins forces with radical Senate nominee in key swing state as 2028 whispers swirl

Kavanaugh throws Trump ‘a lifeline’ on mail ballot rules despite Supreme Court loss before midterms

Kavanaugh throws Trump ‘a lifeline’ on mail ballot rules despite Supreme Court loss before midterms

Russian spies orchestrated K murder plot in nation’s capital, US alleges

Russian spies orchestrated $40K murder plot in nation’s capital, US alleges

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Strike action on the table if Stellantis sticks to plan to sell Brampton plant: union

Strike action on the table if Stellantis sticks to plan to sell Brampton plant: union

September 17, 2026
The WA tourism towns with more Airbnb listings than rentals

The WA tourism towns with more Airbnb listings than rentals

September 17, 2026
Which ‘One Chicago’ Stars Aren’t Returning in 2026? ‘Chicago Fire,’ ‘Med’ and ‘P.D.’ Exits Explained

Which ‘One Chicago’ Stars Aren’t Returning in 2026? ‘Chicago Fire,’ ‘Med’ and ‘P.D.’ Exits Explained

September 17, 2026
Fox News ‘Antisemitism Exposed’ Newsletter: NFL owner sacks hateful Macklemore

Fox News ‘Antisemitism Exposed’ Newsletter: NFL owner sacks hateful Macklemore

September 17, 2026
AI hysteria has a Y2K problem — and the stakes this time could be far higher

AI hysteria has a Y2K problem — and the stakes this time could be far higher

September 17, 2026

Latest News

Nvidia CEO draws line on AI safety after alarming incidents: ‘If it’s not ready, just hold it back’

Nvidia CEO draws line on AI safety after alarming incidents: ‘If it’s not ready, just hold it back’

September 17, 2026
Roll The Tape: Who Will Win The Ben Johnson-Brian Flores Chess Match?

Roll The Tape: Who Will Win The Ben Johnson-Brian Flores Chess Match?

September 17, 2026
Hero NYC cop praised as ‘strong mom’ for saving son from clutches of crazed kidnapper while pregnant

Hero NYC cop praised as ‘strong mom’ for saving son from clutches of crazed kidnapper while pregnant

September 17, 2026

Subscribe to News

Get the latest US news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • For Advertisers
  • 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?