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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Stupid 'Mericans spent over 200 Million for 5000 dollars worth of gold medals LOL!
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Poster Handle
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Anonymous Coward |
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Post Content
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How much will they pay in taxes for their "Gold" medals?
lololol
Quoting: isozy Ya, thats bullshit. There is a law that is up to be passed that would get rid of that tax. U.S. Olympic athletes DO NOT get taxed on the medals (except their value added to the other $$). They DO have to pay tax on the money they get; $25K for a gold, $15K for Silver, $10k for Bronze. They pay tax as if it's earned income, so deductions DO apply. AND expenses, and all that.
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