In fact, although the prize money is one million, the actual amount received needs to consider the combined impact of federal tax, state tax, and China's personal income tax, so realistically, you definitely won't get a million US Dollars.
However, there are preferential terms in the China-US tax agreement that can be applied. After comprehensive calculation, as a Chinese citizen, after deducting all taxes, Li Younan can actually receive around 800,000 US Dollars, plus the one million RMB reward from Douyin. So if he wins the championship, effectively the prize can indeed reach about a million.
However, at the moment, Li Younan hasn't made up his mind to stay until the end.
Even though during the interview, he confidently expressed his determination and ability to endure loneliness, when it truly comes to not wanting to continue, everything could change.
A week later, Li Younan successfully arrived at the training center in the wilderness of northern Canada.
