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
Alberta distillery welcomes easing of interprovincial liquor trade barriers

Alberta distillery welcomes easing of interprovincial liquor trade barriers

July 23, 2026
Physio assistant ‘sexually touched’ women in 80s at Gosford Hospital

Physio assistant ‘sexually touched’ women in 80s at Gosford Hospital

July 23, 2026
Ariana Biermann Is ‘Sad’ Kroy May Not Be at Brielle’s Wedding, Shares Update on Family Dynamic (Exclusive)

Ariana Biermann Is ‘Sad’ Kroy May Not Be at Brielle’s Wedding, Shares Update on Family Dynamic (Exclusive)

July 23, 2026
Watch: Missouri suspect dives headfirst off bridge in wild bid to evade deputies

Watch: Missouri suspect dives headfirst off bridge in wild bid to evade deputies

July 23, 2026
Far-left ‘Squad’ Dems mix up Jewish colleagues in botched attack — then get burned by their own votes

Far-left ‘Squad’ Dems mix up Jewish colleagues in botched attack — then get burned by their own votes

July 23, 2026
Facebook X (Twitter) Instagram
Just In
  • Alberta distillery welcomes easing of interprovincial liquor trade barriers
  • Physio assistant ‘sexually touched’ women in 80s at Gosford Hospital
  • Ariana Biermann Is ‘Sad’ Kroy May Not Be at Brielle’s Wedding, Shares Update on Family Dynamic (Exclusive)
  • Watch: Missouri suspect dives headfirst off bridge in wild bid to evade deputies
  • Far-left ‘Squad’ Dems mix up Jewish colleagues in botched attack — then get burned by their own votes
  • Disney reportedly lays off hundreds of employees, Pixar hit hard despite blockbuster success
  • CONMEBOL President Claims 2030 World Cup Will Be 64-Team Tournament
  • Delta pilot spooked with false warning of rocket launcher attack while landing at LaGuardia Airport
  • 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

Far-left ‘Squad’ Dems mix up Jewish colleagues in botched attack — then get burned by their own votes

Far-left ‘Squad’ Dems mix up Jewish colleagues in botched attack — then get burned by their own votes

Survivor of Hamas terror attack in Israel slams Mamdani over ‘dangerous’ video about Netanyahu

Survivor of Hamas terror attack in Israel slams Mamdani over ‘dangerous’ video about Netanyahu

Jack Smith hit with criminal referral as GOP moves testimony fight toward prosecution

Jack Smith hit with criminal referral as GOP moves testimony fight toward prosecution

Trump salutes ‘great heroes’ as he attends dignified transfer of US service members killed in Jordan, Iraq

Trump salutes ‘great heroes’ as he attends dignified transfer of US service members killed in Jordan, Iraq

Newsom turns to Hunter Biden’s high-powered ex-lawyer as federal scrutiny closes in on his family, allies

Newsom turns to Hunter Biden’s high-powered ex-lawyer as federal scrutiny closes in on his family, allies

Trump pays emotional tribute to fallen Army Lt Tyler Feehan after flying grieving family on Air Force One

Trump pays emotional tribute to fallen Army Lt Tyler Feehan after flying grieving family on Air Force One

Spanberger’s ICE rollback to blame for toddler killing, Virginia ‘hotbed’ of illegal immigrant crime: DHS

Spanberger’s ICE rollback to blame for toddler killing, Virginia ‘hotbed’ of illegal immigrant crime: DHS

Trump-appointed judge torpedoes DOJ lawsuit against Minnesota’s sanctuary immigration rules

Trump-appointed judge torpedoes DOJ lawsuit against Minnesota’s sanctuary immigration rules

Illegal immigrant top Dem fought to free turns up on voter rolls: ‘mockery of our immigration laws’

Illegal immigrant top Dem fought to free turns up on voter rolls: ‘mockery of our immigration laws’

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Physio assistant ‘sexually touched’ women in 80s at Gosford Hospital

Physio assistant ‘sexually touched’ women in 80s at Gosford Hospital

July 23, 2026
Ariana Biermann Is ‘Sad’ Kroy May Not Be at Brielle’s Wedding, Shares Update on Family Dynamic (Exclusive)

Ariana Biermann Is ‘Sad’ Kroy May Not Be at Brielle’s Wedding, Shares Update on Family Dynamic (Exclusive)

July 23, 2026
Watch: Missouri suspect dives headfirst off bridge in wild bid to evade deputies

Watch: Missouri suspect dives headfirst off bridge in wild bid to evade deputies

July 23, 2026
Far-left ‘Squad’ Dems mix up Jewish colleagues in botched attack — then get burned by their own votes

Far-left ‘Squad’ Dems mix up Jewish colleagues in botched attack — then get burned by their own votes

July 23, 2026
Disney reportedly lays off hundreds of employees, Pixar hit hard despite blockbuster success

Disney reportedly lays off hundreds of employees, Pixar hit hard despite blockbuster success

July 23, 2026

Latest News

CONMEBOL President Claims 2030 World Cup Will Be 64-Team Tournament

CONMEBOL President Claims 2030 World Cup Will Be 64-Team Tournament

July 23, 2026
Delta pilot spooked with false warning of rocket launcher attack while landing at LaGuardia Airport

Delta pilot spooked with false warning of rocket launcher attack while landing at LaGuardia Airport

July 23, 2026
Cracker Barrel closing remaining locations of sister restaurant as food chain restructures

Cracker Barrel closing remaining locations of sister restaurant as food chain restructures

July 23, 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?