Spain's World Cup windfall may be taxed up to 30% in the U.S., lawmakers call it a rip-off
TL;DR Summary
Spain’s $50 million FIFA World Cup prize could be subject to U.S. federal taxes for nonresident athletes, potentially at a 30% withholding rate, prompting bipartisan criticism from lawmakers who say the levy is excessive and could discourage foreign competitors from coming to the United States.
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