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

First publishedJul 22, 00:00 UTC
Last updatedJul 22, 01:55 UTC · 2m ago
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Fox News Latest6IRS in the hot seat over potential cash grab from Spain's World Cup winnings: 'It's a ripoff'Open ↗
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IRS in the hot seat over potential cash grab from Spain's World Cup winnings: 'It's a ripoff'
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Answer

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.

Reported by 1 outlet — Fox News Latest. See all sources ↓

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 GOALIncome 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.

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In brief
What's the story?
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.
How widely is it covered?
1 outlet, average source rating 6.0/10.
When was it last updated?
2m ago.
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    IRS in the hot seat over potential cash grab from Spain's World Cup winnings: 'It's a ripoff'

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organizationFIFA World CuporganizationIRSorganizationIt'sorganizationR-TennorganizationRep. Tim BurchettorganizationSpainorganizationSpain's World CuporganizationUnited States
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Avg source rating 6.0/10
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