BeastGames champion Jeffrey Randall Allen has revealed how much tax he could be forced to fork out on his winnings, with fans claiming the amount is ‘ridiculous’ and that he should simply ‘hand it back’.
Earlier this month, Allen, also known as Player 831, came out of the first season of YouTuber Jimmy ‘MrBeast’ Donaldson’s reality TV series, BeastGames, as the worthy winner.
The victor said he initially joined the new Amazon Prime Video programme to raise money for research into creatine transporter deficiency (CTD), a rare genetic disorder that his son Lucas suffers from.
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Appearing on an episode of The Iced Coffee Hour, the Californian explained that while his child does produce creatine, his brain and muscles don’t receive it because of a defective transporter in his blood.
“It presented when he was super young. He stated missing milestones; wasn’t able to sit up; wasn’t able to crawl. He’s not very verbal and doesn’t cry a ton,” Allen explained.
After months of doctors’ appointments and tests, Lucas eventually had an magnetic resonance spectroscopy scan (MRS) that showed creatine wasn’t moving around his body efficiently.
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Due to a lack of funding and there being no cure to CTD, Allen decided to start doing ‘funky things’ to raise awareness, including joining the inaugural season of BeastGames.
During his time on the game show, the contestant beat out 999 other contestants, including fellow finalist Twana Barnett, to triumph in the tournament.
Despite being promised a prize of $10 million, it appears that not all of it has gone to Allen and his charitable efforts.
Why? Because Allen will have to pay tax on his winnings, of course.
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“Everyone’s dying to know, how much is your tax payment?” the podcast host stated.
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“Great question: I’m working on it,” replied Allen. “I think it all depends on what I do with the money this year.
“The crazy thing about MrBeast, he doesn’t withhold taxes when he kind of gives the distribution. So I literally got $10 million wired to me.
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“So, it’s up to me to do state taxes.”
The entertainment star explained that when it comes to paying taxes, how much he has to send the government will depend on how he invests it over the next year.
If he funnels it into funding research into his son’s rare illness and continuing his work with non-profit organizations, it’s expected he will pay a different sum than if he just had it sitting in the bank.
“TBD. Tune in, in about a year,” the podcast guest stated.
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Seemingly unsatisfied with Allen’s answer, the host pushed: “What percent do you think you’re going to end up paying?”
Allen claimed if he didn’t do anything with the money and it just sat in his bank account, then he would ‘guess’ his tax bill would be for about $5 million.
“If I didn’t donate to charity or if I didn’t give anything to a DAF [Donor-Advised Fund] or a CRT [Charitable Remainder Trust],” he reiterated.
Fans of BeastGames have previously taken to social media to reveal what they think about Allen’s potential to lose half of his winnings to tax, with one writing: “That's ridiculous, I'd hand it back.”
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A second reported: “There should be a law about game show winnings and lottery. The government steals so much it is disgusting. Think about how much was taxed before it changed hands as well.”
“That’s crazy, can’t they just make a MrBeast stable coin and payout their winners in beast coins?,” remarked someone else.
A fourth typed: “Mfs saying ‘I wouldn't even take that’ are the biggest liars ever.”
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You can watch all episodes of BeastGames season one on Amazon Prime Video now.
Topics: MrBeast, Money, Amazon Prime, Entertainment, Film and TV
Ella Scott