Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By The Pirate's Cove (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Some In Congress Upset IRS Will Charge Spain’s World Cup Winning Team Millions

% of readers think this story is Fact. Add your two cents.


They’re seriously upset over the IRS enforcing law that Congress has passed

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

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.”

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.

Why is it wrong? American sports teams pay all that tax when they get paid for winning big games. Also when for things like college bowl games. Competing in golf tournaments. And so forth

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.

Well, pretty much every other nation taxes the winners, as well.

Jackson (D) 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 “classic 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% of their income on taxes.”

That has whatfuckall to do with soccer teams being taxed under US code as passed by Congress? He does know he can introduce legislation, right? But, hey, let’s follow what Jackson is saying and reduce the federal tax burden for the the middle and working class down to 7%, leave corporate taxes exactly where they are, because, as most know, federal taxes just get passed on to consumers. Say, I wonder if Jackson and his brother paid full taxation when they owned River North Sales and Service, LLC in Chicago, an Anheuser-Busch distributor, or take advantage of “loopholes” in the tax code? Did they pay their workers a livable wage?

I know it’s just three members of Congress (Rep. Burgess Owens, R-Utah is also mentioned), but, they can all submit legislation if they do not like this. They can all try and reform the tax code.


Source: https://www.thepiratescove.us/2026/07/22/some-in-congress-upset-irs-will-charge-spains-world-cup-winning-team-millions/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login