Yeah its the sudden income, if you win 1 million dollars via a non-state approved system (lottery) then the IRS, while not being able to prove tax fraud, are allowed to tax a substantial amount of money from the overall amount.
Mr beast literally addressed this and it's called learning financial literacy. I don't watch his content or anything but ofc u pay taxes on prize money?! That's always been the thing?! That's how u do it when u win the lottery too??? It's not HIS taxes it's U.S. taxes. He doesn't make the taxes. The IRS comes after u for winning money.
You know that the government in the US would consider this a “lottery win” which means that for it to be transferred into your account YOU must pay the tax, the company can’t do it for you or else you can’t use the money. This tax is like 60%
Tf how is it his fault they spent all their money and can’t pay the taxes, it’s clearly mentioned in some of the paperwork they send people before they fly you out, and not only that isn’t this common knowledge? That’s how the lottery works too, you gotta pay the government a portion of it
Exactly, the people already agreed to it, even though the fact that the government didn't help them earn the money, yet they take an oversized portion of it is bull$h!t, the people agreed to that bull$h!t, so there's no reason to be crying over it if they agreed to it, a person crying over something they already agreed to just makes them look naive
I mean, he has stated that he offers either the prize or the equivalent in cash, so, in that case, if the taxes are too much, it literally is their problem, not his.
Why wouod this be any different than a game show when you win prizes or prize money off of game shows you got to pay taxes on the cars and the prize money you win so why would this be any kind of different Mr beast is a business so why would he not follow the same logic or channels as a game show does. And then in a podcast interview Mr beast himself has said that when he offers cars or prizes to people he tells them you got to pay taxes on it and if they don't want to pay set tax or can't afford it he offers to buy the car back from him
No shit dude. Mr beast thoroughly educates them on the taxable consequences of accepting money or gifts from him. I've seen many videos on it. Yanno when you used to win concert tickets from radio stations? You (or your guardian at the time) also received tax filing forms for those! Nothing in the USA is really free. Especially on a publicized platform such as this.
@@smithamy1982 also true however last time I checked blowing over 18000 dollars of money before waiting for your tax is probably not the best idea in general Like at that point it's just bad financial decisions
Mr Beast has said they actually give more money than the number won for the taxes, if you win 10,000 they'll give you like 15 or something. A person who won even made a video on UA-cam about it.
Never trust monetized social media people they are only in it for the ad money. They pump out these low effort UA-cam shorts in mass quantities to make money.
He’s still giving away thousands of dollars to people, it’s not his fault that taxes exist. Yes, he could pay it off, but he’s already giving away so much money! You guys just need to give the guy a break.
If he "paid" the taxes for them, he'd just be "gifting" them more, therefore they'd owe more taxes. He well educates these people on the taxable consequences of accepting money or gifts from him, I've seen plenty of videos on it
And that’s exactly why you READ THE FINE PRINT. Does no one remember the hoopla when Oprah gave away all those cars and the recipients had to pay the sales and road taxes?
Honestly, if the schools are failing, teaching children about finances and this stuff, it should be taught by the parents. Someone needs to make an online class for parents on how to teach your children about financial literacy. and how finances work because honestly a lot of people would learn themselves from it not just parents, but things need to be taught and clearly school is failing in a lot of aspects
Exactly, they talk about history, which knowing about Egyptian history won't make you successful in life/help you pay the bills, yet they don't teach you about managing money and finances
@@exorcistrisingofficial But still, instead of teaching us exponents and history which won't benefit you in life, they should replace it with finances, and let you choose which subjects will help you with your career interest
I mean yeah they should definitely be charged taxes on the amount they earn. The only thing I would really agree with is that one guy who got charged $20,000 when he won $10,000 should probably get that fixed
It is your own damn fault. I live in Canada and I know, that if you live in the US of A And you win anything. From a game show or lottery? Or the Mr. Beast show that you have to pay taxes on it. Just like on. The Price is Right. You have to pay taxes on everything you win. If you do not understand the laws then do not apply for these things
Now look, I will blame that he’ll for not knowing that you need to pay taxes on winnings because that’s how everything works. When you win the lottery you need to pay taxes by the school. Board of directors are so brain Dad that anything that we should be taught in life is being thrown out the window and forced on the parents
Why do u have to pay taxes for something u win???💀 Edit:guys i was just saying this because ive never heard that the winners had to pay money for the stuff they win
If the Mrbeast team provided you with a prize of $10,000 without withholding any taxes, it's possible that they were not responsible for doing so under applicable tax laws. The responsibility for reporting and paying taxes generally falls on the recipient of the income. If the IRS is assessing taxes on $20,000 instead of $10,000, it could be due to various factors unrelated to the team's actions. Tax liabilities can arise from other sources of income or reporting errors made by the taxpayer. It would be unfair to solely blame the team without considering these possibilities. To address the situation, it's advisable to consult with a tax professional or the IRS directly. They can help you understand the specific details of your tax situation and guide you in resolving any discrepancies.
You win a $50,000 from Mr.Beast but then the IRS says : "No you cannot getting that much of money and now give it back or we will sending you into a prison."
Which part, the tax part, or the fact that they taxed him as if he got 20k bucks? Because there are fees, which isn't Mr Beast's problem, they're the governments problem, but the fee for a 20k prize is obviously either clickbait, or the IRS made an error
Imagine winning the lottery and then blaming the lottery for your mishandling. With that said, Mr. Beast should have someone on staff to explain what happens next to people too.
Besides the one with the 20k mistake this is crazy it’s like going to a food bank and then cooking the food and getting a gas and electric bill and going back to the food bank to complain about the bills
@@luiginumbers6268Imagine wanting to spread your cheeks to the government just so they send money to fund wars LMAO Also social programs are a complete waste. The real issue is cost of living outpacing income. Those useless garbage cans don't know that though so they use social programs as the "solution" when it's basically like a bandaid for a decomposing limb. Who am I kidding. It's by design. They do this to steal buying power from people since poor people are easier to control
The fact that u have to pay taxes on a prize u won is stupid in itself. Just more ways for the government to take from the people and use it on useless shyt or put it in their pockets.
This is why financial literacy is important
THIS WHY WE SHOULD ALL COMMIT TAX FRAUD 🔥🔥🔥🔥🗣️🗣️🗣️🗣️
@@MRB0US3R Tell em' bro🗣🔥🗣🔥🗣🔥
@@MRB0US3R WHAT THE FUSK IS A TAX???????💵💵💵💵💵💵💸💸💸💸💸💸🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
@@bhaskarmaji779LET HIM COOK🗣️🗣️🗣️🗣️💯💯💯💯💯🔥🔥🔥🔥🔥🔥
@@MRB0US3R yeah! What will the government do if everyone stops paying taxes, Arrest everyone? I think not
Blame the IRS, not MrBeast
Exactly, and all they do is send it for wars
Fr thank u
Yeah its the sudden income, if you win 1 million dollars via a non-state approved system (lottery) then the IRS, while not being able to prove tax fraud, are allowed to tax a substantial amount of money from the overall amount.
@@CillianCurry 😊😊😊😊😊😊nnnn😊😊😊. B😊😊no b. On. 😊. N. N. N. Ok
@@jackcollins7225 Least obvious 2 year old
Since when does mr beast have to pay the winners taxes💀
Fr
Always and they tell you about it too
Yes
IRS
Remember when he gave away the island? He pays for that
This is not Mr. Beast’s fault. You are also taxed whenever you win the lottery or win a game show. Blame the government.
He should explain that. Not 100% his fault tho.
@@adc821he did multiple times actually
@@adc821he probably does, he just won't do it on video because it doesn't make good content.
Mr beast literally addressed this and it's called learning financial literacy. I don't watch his content or anything but ofc u pay taxes on prize money?! That's always been the thing?! That's how u do it when u win the lottery too??? It's not HIS taxes it's U.S. taxes. He doesn't make the taxes. The IRS comes after u for winning money.
Fax
thats like if someone won a lambo from MrBeast and they thought that MrBeast would pay for the gas price and the maintenance💀
People get a lot of money and get stupid with it sometimes. Financial management is essential education
FR
He has literally told people multiple times this.
MrBeast has taxes for winners that get money?💀
blame the government
Well, he needs to disclose to the public whether his prizes are tax-free or not.
Always, and they mention it too on some of the paperwork they send you before they fly you out
It's akin to winning on a game show, like a third goes to US taxes.
You know that the government in the US would consider this a “lottery win” which means that for it to be transferred into your account YOU must pay the tax, the company can’t do it for you or else you can’t use the money. This tax is like 60%
People are really complaining about taxes when they're still getting free money
@appl3687orange?
Yeah but they are practically saving it to just pay it, so they won nothing basically
@@elfenlied_girl1238what, they won money and taxes don’t take all of it. They still won some money
Fr
@appl3687at least this person isn’t the “don’t read my name” comment
Tf how is it his fault they spent all their money and can’t pay the taxes, it’s clearly mentioned in some of the paperwork they send people before they fly you out, and not only that isn’t this common knowledge? That’s how the lottery works too, you gotta pay the government a portion of it
Exactly, the people already agreed to it, even though the fact that the government didn't help them earn the money, yet they take an oversized portion of it is bull$h!t, the people agreed to that bull$h!t, so there's no reason to be crying over it if they agreed to it, a person crying over something they already agreed to just makes them look naive
Where's the proof?
@@FierceCipher my brother won 10k from feastables (mrbeast candy) and it was in the paperwork he had to sign
@@FierceCipher my brother won 10k from feastables and it was in the paperwork he had to sign that he had to pay tax for the money.
@@pranavprasanna3861 No I need the picture if you ever want the approval of a random guy that you will never meet again.
This is why people can't give things away..
These people say that prizes screwed them due to the taxes but how tf r u paying more taxes than the winnings 💀
@@doge_shorts1 that's called "being stupid with no common sense"
Its the winners fault for not understanding how taxes work. And the audacity for them to think Mr Beast was going to pay the taxes is ridiculous
EXACTLY LMAO. "Mr beast would pay them off for them" like WHAT
No its education systems failing to do their jobs
Tbf surely someone in the Mr Beast company could help the last guy seeing as it sounds like the tax was mixed up on account of their own mistake
it’s the governments mistakes not his
That's the IRS'S problem, not MrBeast
@@bobbybilly9517it's still the financial teams fault for telling the government it was 20k
@@skelebrosgaming2187 exactly so it’s not his fault 💀💀
@@bobbybilly9517 I literally said how it was. Mr Beast needs to figure out his financial team
Someone: I WON 10 THOUSAND DOLLARS!!!
IRS: We won
They win with you but never lose with you 💀
IRS more like communist company
IRS needs to be disbanded
Imagine you won lottery and expect the lottery company to pay tax for you.
Exactly, there's no way a company who hardly gives out winning tickets would be kind enough to waste their money on paying someone else's taxes 💀
In my country and many other European countries lottery wins are actually tax free!
@@tessuttaja Lucky 🍀
@@danielechezabal6877I mean it’s not like it matters to us because we’re never gonna win the lottery
@@luiginumbers6268 Don't be negative be positive, and positive things will come to you.😅
Simple Solution : Tax Evasion. Fuck the IRS. I will escape to dubai and there is nothing u can do about it.
At this point taxes are just a joke😭
great twitters gonna love this info, this is why we cant have world peace
What?
I just saying twitter loves hating on mrbeast and that when people do good things there always is complications
@@HeyBonBon87 Who Cares, Who asked if they don’t like it what are you gonna do
@@LovrMaster i did
@@LovrMasternothing,why you so mad foo its just a comment why u so butthurt
The lottery works the same way
Yeah because lottery companies are soulless entities.
What did he think was going to happen lmao
Yeah. MrBeast is not a genie. He needs to follow the government too.
man did you not hear the TAX FROM SAID 20,000 AND HE WON 10
@@For_the_lolzthats tgr IRS problem
@@PlumWildThe3rd it was given to him by MRBEAST team
@XOX10XOX that can lead to legal trouble
Bro the government sucks
Fr
Fr
they are a literal mafia
I mean, he has stated that he offers either the prize or the equivalent in cash, so, in that case, if the taxes are too much, it literally is their problem, not his.
Just avoi-
Mmm yes tax evasion
@@NekoyaMD550 if eyes don't see, heart won't feel, just make sure nobody knows (specially the government) and you'll be fine.
Why would someone else pay your taxes for you? You won.
Honestly, our taxes are getting out of hand.
they've been out of hand. We needed a revolution already
Throughout history, there were revolutions for less. Americans got scammed big time
Throughout history, there were revolutions for less. It's overdue
Why wouod this be any different than a game show when you win prizes or prize money off of game shows you got to pay taxes on the cars and the prize money you win so why would this be any kind of different Mr beast is a business so why would he not follow the same logic or channels as a game show does. And then in a podcast interview Mr beast himself has said that when he offers cars or prizes to people he tells them you got to pay taxes on it and if they don't want to pay set tax or can't afford it he offers to buy the car back from him
I don't care who the irs sends, I'm not paying taxes
Remember Oprah car giveaway. Yeah, it’s still taxable.
No shit dude. Mr beast thoroughly educates them on the taxable consequences of accepting money or gifts from him. I've seen many videos on it. Yanno when you used to win concert tickets from radio stations? You (or your guardian at the time) also received tax filing forms for those! Nothing in the USA is really free. Especially on a publicized platform such as this.
Begging mr.beast for money is like
Asking the president to date his daughter
Well the tax thing is an IRS thing not a MR Beast thing
In the usa if the gift is under 18000 you typically do not have to pay taxes on it.
True but MrBeast typically gives far more and still has to report everything he gives away
@@smithamy1982 also true however last time I checked blowing over 18000 dollars of money before waiting for your tax is probably not the best idea in general
Like at that point it's just bad financial decisions
Mr Beast has said they actually give more money than the number won for the taxes, if you win 10,000 they'll give you like 15 or something. A person who won even made a video on UA-cam about it.
The discord notification: "I know you messaged your friend 5 seconds ago"
bro is literally warning people about what mr beast is doing but hes sponsering his products such a hypocrite
Never trust monetized social media people they are only in it for the ad money. They pump out these low effort UA-cam shorts in mass quantities to make money.
This is absurd.Mr beast gave them a large amount of money and they still want mr beast to pay for those taxes Bruh
As a colombian teenager that barely recives an allowence the fact that american adults winning at least 10k don't know how taxes work is insane to me.
He’s still giving away thousands of dollars to people, it’s not his fault that taxes exist. Yes, he could pay it off, but he’s already giving away so much money! You guys just need to give the guy a break.
Doesnt he like give a check so they can get the money tax free
If he "paid" the taxes for them, he'd just be "gifting" them more, therefore they'd owe more taxes. He well educates these people on the taxable consequences of accepting money or gifts from him, I've seen plenty of videos on it
And that’s exactly why you READ THE FINE PRINT. Does no one remember the hoopla when Oprah gave away all those cars and the recipients had to pay the sales and road taxes?
Honestly, if the schools are failing, teaching children about finances and this stuff, it should be taught by the parents. Someone needs to make an online class for parents on how to teach your children about financial literacy. and how finances work because honestly a lot of people would learn themselves from it not just parents, but things need to be taught and clearly school is failing in a lot of aspects
Exactly, they talk about history, which knowing about Egyptian history won't make you successful in life/help you pay the bills, yet they don't teach you about managing money and finances
I learn about money from my mom and I still have my first quarter
@@Sai-gp3pq Nice!
There's a class,, but not many take it
@@exorcistrisingofficial But still, instead of teaching us exponents and history which won't benefit you in life, they should replace it with finances, and let you choose which subjects will help you with your career interest
I mean yeah they should definitely be charged taxes on the amount they earn. The only thing I would really agree with is that one guy who got charged $20,000 when he won $10,000 should probably get that fixed
Gifts shouldn't even be taxed in the first place. The government is asinine
It is your own damn fault. I live in Canada and I know, that if you live in the US of A And you win anything. From a game show or lottery? Or the Mr. Beast show that you have to pay taxes on it. Just like on. The Price is Right. You have to pay taxes on everything you win. If you do not understand the laws then do not apply for these things
Now look, I will blame that he’ll for not knowing that you need to pay taxes on winnings because that’s how everything works. When you win the lottery you need to pay taxes by the school. Board of directors are so brain Dad that anything that we should be taught in life is being thrown out the window and forced on the parents
Rule of them when given money,put at least 30% away for taxes.
Mr beast never give me money but I still happy
Why do u have to pay taxes for something u win???💀
Edit:guys i was just saying this because ive never heard that the winners had to pay money for the stuff they win
Because taxes are the law sir.
Because you live in America. And this has been the law for years. Educate yourself
@@jacobkaufman2155dude get out of here with this attitude
@@koalabear788 why? Because I'm telling you the truth? You don't like the truth. Okay. And I'm not going anywhere lol
@@koalabear788he got u there
People are complaining even after getting free money
If the Mrbeast team provided you with a prize of $10,000 without withholding any taxes, it's possible that they were not responsible for doing so under applicable tax laws. The responsibility for reporting and paying taxes generally falls on the recipient of the income. If the IRS is assessing taxes on $20,000 instead of $10,000, it could be due to various factors unrelated to the team's actions. Tax liabilities can arise from other sources of income or reporting errors made by the taxpayer. It would be unfair to solely blame the team without considering these possibilities. To address the situation, it's advisable to consult with a tax professional or the IRS directly. They can help you understand the specific details of your tax situation and guide you in resolving any discrepancies.
Bro how do you pay taxes for someone giving you money
I'm surprised we don't get taxed just for breathing. This government is dumb as sht
Most politicians are going to hell when they die at least
I wish i was as confident and motivated as you❤😭
Land of the free right 😂
If I ever get money from Mr beast I’m asking for that tax for before I spend it
that’s how the irs works. usually when you sign contracts to be in videos that’s disclosed. always read the fine print
Mr beast has said in the past he pays the taxes..
Mr Beast says he giveaway, never says he is obligated to pay the tax money, also blame the IRS, not Mr Beast himself💀💀
He literally did a tax breakdown with his 1 million dollar winner way back when, explaining how imperative it is to pay taxes on one of his wins.
Why blame Mr beast smh it's the government
You win a $50,000 from Mr.Beast but then the IRS says :
"No you cannot getting that much of money and now give it back or we will sending you into a prison."
apparently the irs doesn’t know english very well
Imagine getting mad at the person who gave you free money because you dont know anything about how taxes work.
Honestly I don’t know if this is real or not cause people just like making hate stuff on Mr. Beast whenever he does something good
Which part, the tax part, or the fact that they taxed him as if he got 20k bucks? Because there are fees, which isn't Mr Beast's problem, they're the governments problem, but the fee for a 20k prize is obviously either clickbait, or the IRS made an error
Obviously winning a tournament is a form of income and obviously you need to pay taxes on your income. Not MrBeast's fault, common sense.
Finland just buy like ANYTHING You paid taxes
mrbeast actually pays taxes for rewards but only the big ones if i aint wrong
Imagine winning the lottery and then blaming the lottery for your mishandling. With that said, Mr. Beast should have someone on staff to explain what happens next to people too.
Are they born without knowing that the IRS is a thing? 😭
the discord sounds got me bro :sob:
At least in the netherlands if you win money, it's expressed and clearly told that you've to pay tax on money you won.
Nah bro MrBeast gonna pay it all and gain the publicity from it
I don't remember mr beast saying that he's gonna be paying YOUR taxes
MrBeast: You won some money!
IRS: Without me?
Why other people hate him when he literally help the entire world
bro got me checking discord
Should MrBeast be paying the taxes for when he gives me money? Why send me the taxes, gay.
It’s always been like that the lottery works the same way too
Now I understand. IRS and Mr Beast are working together
that’s why it’s tricky accepting free things..
Nothing is free in life
Don’t ask mr. beast for money because he actually work for it I think?
Besides the one with the 20k mistake this is crazy it’s like going to a food bank and then cooking the food and getting a gas and electric bill and going back to the food bank to complain about the bills
Be thankful of what you get
taxes do not take 50%, that last guy cant be telling the truth.
this is hoax, Mr beast did the taxes.
the 20K just IRS fault, just pay and send paper that described the problem and get tax refund.
That's just how winning money in the US works. Mr. Beast aint doing anything.
Wow in my country for being gifted money or winning money doesn't get taxed and it shouldn't
How do people not know to pay their taxes That's crazy
Wait.....taxes?!?!?
It’s not mr. Beast taxing them it’s the IRS gift tax or whatever
it’s giving David dobrik giving away teslas and the insurance rates were in the thousands per month 💀
What would the mortgage companies do if everyone stopped paying for everything
discord noise is evil
Bro the tax is probably not much 😳
Just pay
Just get rid of the IRS BY ANY MEANS NECESSARY
This is one of the worst takes of all time
@luiginumbers6268 ah, you must be a foreigner
@@luiginumbers6268Imagine wanting to spread your cheeks to the government just so they send money to fund wars LMAO
Also social programs are a complete waste. The real issue is cost of living outpacing income. Those useless garbage cans don't know that though so they use social programs as the "solution" when it's basically like a bandaid for a decomposing limb.
Who am I kidding. It's by design. They do this to steal buying power from people since poor people are easier to control
@@luiginumbers6268Take that government ck out of your mouth
@@luiginumbers6268This is one of the worst takes of all time
if they won 20,000 then just use that money to pay the taxes
Classic example of people being greedy
Guess jimmy lacks knowledge about taxes
He has been open about this tho :/
He said he would pay the taxes
Wait bro voice is like ai
The tax forms are incorrect. Also that money is technically *donated* so it shouldn't be taxed
He should do it in cash so it’s not taxable
The fact that u have to pay taxes on a prize u won is stupid in itself. Just more ways for the government to take from the people and use it on useless shyt or put it in their pockets.