AUS Tax Hit

Swarty89

Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes a big bite out of your USA pretax income. That would suck 

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Swarty89 1/5/2026 2:36pm
1/5/2026 2:36pm
Swarty89 wrote:
Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes...

Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes a big bite out of your USA pretax income. That would suck 

AU 

scott_nz 1/5/2026 2:41pm
1/5/2026 2:41pm
Swarty89 wrote:
Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes...

Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes a big bite out of your USA pretax income. That would suck 

you tend to pay income tax on income earned in the country (or state) you earn it, 

did you think winnings would be tax free if you were not a citizen, 

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TeamGreen
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TeamGreen 1/5/2026 2:47pm
1/5/2026 2:47pm

The government is gonna get theirs. All others can Suck It! 🤣

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Swarty89 1/5/2026 3:14pm
1/5/2026 3:14pm
Swarty89 wrote:
Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes...

Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes a big bite out of your USA pretax income. That would suck 

scott_nz wrote:
you tend to pay income tax on income earned in the country (or state) you earn it, did you think winnings would be tax free if you...

you tend to pay income tax on income earned in the country (or state) you earn it, 

did you think winnings would be tax free if you were not a citizen, 

Completely understand, just wasn't something I even thought about 

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GrapeApe
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GrapeApe 1/5/2026 3:37pm
1/5/2026 3:37pm

Who is Lyle Larson and why should we care about his tax situation?  

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JazzyJJ
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JazzyJJ 1/5/2026 3:59pm
1/5/2026 3:59pm
Swarty89 wrote:
Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes...

Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes a big bite out of your USA pretax income. That would suck 

scott_nz wrote:
you tend to pay income tax on income earned in the country (or state) you earn it, did you think winnings would be tax free if you...

you tend to pay income tax on income earned in the country (or state) you earn it, 

did you think winnings would be tax free if you were not a citizen, 

This is highly dependent on where you are. Many developed nations have tax treaties with the US so you won't end up paying double tax. Australia is one of the few that doesn't care to do so. 

Richard Tease II 1/5/2026 4:01pm
1/5/2026 4:01pm Edited Date/Time 1/5/2026 4:02pm
Swarty89 wrote:
Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes...

Lyle Larson indicated on FLO that he had to take a 30% tax hit on his $$$ made during his recent sprint car swing. That takes a big bite out of your USA pretax income. That would suck 

scott_nz wrote:
you tend to pay income tax on income earned in the country (or state) you earn it, did you think winnings would be tax free if you...

you tend to pay income tax on income earned in the country (or state) you earn it, 

did you think winnings would be tax free if you were not a citizen, 

JazzyJJ wrote:
This is highly dependent on where you are. Many developed nations have tax treaties with the US so you won't end up paying double tax. Australia...

This is highly dependent on where you are. Many developed nations have tax treaties with the US so you won't end up paying double tax. Australia is one of the few that doesn't care to do so. 

Well stick ya tariffs up ya keester then😀

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Falcon
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Falcon 1/6/2026 2:43pm
1/6/2026 2:43pm

$250,000? Whaddya mean I earned $150,000??? I didn't earn $50,000; it was only $35K! 

HonDawg17 1/6/2026 2:57pm
1/6/2026 2:57pm
Falcon wrote:

$250,000? Whaddya mean I earned $150,000??? I didn't earn $50,000; it was only $35K! 

paid

 

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