"Pay your taxes you will be fine" — Internet reacts to Lacy saying he cried after finding out IRS had deducted $500K from his bank account

Twitch streamer and media personality FaZe Lacy, also known as Nick Fosco, has become a topic of online discussion, after he shared with spectators during a live stream that he cried upon learning the IRS had deducted $500,000 from his bank account.

Users have begun dissing the streamer left and right, with some joking that this was his fault for not paying his taxes in the first place. Check out what this one user suggested:

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"Pay your taxes you will be fine."

The comments didn't end there:

"he’ll recover," one user jokingly pointed out.

"that's rough, hope he manages to sort it out soon," someone shared.

"If you can be be taxed for that much you'll be ok," another stated.

"Ouch, Lacy! That's the price of success, but don't cry over spilled tax dollars. Maybe it’s time to invest in some serious tax planning for next tax year," one more added.

Users online kept poking fun at Lacy's expense:

"that's how taxes work. stop crying about "losing half a million" if you are a millionaire because you got lucky streaming," one user suggested.

"Man, what the hell, waking up to half a million gone is a nightmare. hope he’s able to sort that out, because that’s a brutal hit," someone else chimed in.

"It's all tax the rich, until it happens to them," another claimed.

"This is why making money doesn’t equal financial literacy. He should have been able to keep all of it if he made correct investment choices," someone noted.

The internet expressed divided sentiments, though a majority of the users online were displeased with Lacy being upset over taxes he should have been filing in the first place.

Lacy says he fell "genuinely sick" when he "woke up and lost half a million dollars"

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During the video, Lacy described the moment he learned that a massive chunk of money had been cut from his account:

"I'm sick to my stomach. I open my bank account, and I don't check my bank app a lot because I don't like to just track the number of how much money I have, and I look at my transactions, and all I see is - $550,000 IRS. When I tell you guys I almost broke into tears. My heart sank into my stomach. I genuinely feel sick. Could you imagine waking up and losing over half a million dollars?" Lacy said.

Notably, just this Monday, President Donald Trump doubled down on his idea of abolishing income tax, noting that Americans deserve better. He said during a House Republican Members Conference:

"America's gonna be very rich again and its gonna happen very quickly. It's time for the United States to return to the system that made us richer and more powerful than ever before."

He also pointed out that the nation was not subject to income tax before 1913 and that helped in making it wealthy:

“You know the US in 1870-1913 — all tariffs and that was the richest period in the history of the US — relatively speaking. And they set up a blue ribbon committee, the great tariff commission of 1887 and this commission had one function: ‘what to do with all the money that we took in?’” he claimed. “It was so enormous that they had no idea and what to do with all of the money that we had. And again, Teddy Roosevelt was a beneficiary … and he did all of those national parks and all of the other things… he was given a vast amount of money, and that was all made through tariffs. We had no income tax, the income tax came in 1913,” he added.

Notably, Trump has mentioned the idea just last week during his inaugural speech, asserting that the nation would benefit from abolishing income tax altogether.

Edited by Vinayak Chakravorty

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"Pay your taxes you will be fine" — Internet reacts to Lacy saying he cried after finding out IRS had deducted $500K from his bank account

Lacy says he fell "genuinely sick" when he "woke up and lost half a million dollars"

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