why is Obama so greedy? now he taxes Olympic medals?

[boedicca]

Because, at Obama does think that at a certain point you've gotten enough medals.

 

[ShaklesOfBigGov]

Republicans created the IRS.

With regard to a Federal Income Tax

A growing number of Republicans also began supporting the idea, notably Theodore Roosevelt and the "Insurgent" Republicans (who would go on to form the Progressive Party). These Republicans were driven mainly by a fear of the increasingly large and sophisticated military forces of Japan, Britain and the European powers, their own imperial ambitions and the perceived need to defend American merchant ships. Moreover, these progressive Republicans were, as the name suggests, convinced that central governments could play a positive role in national economies.

Opposition to the Sixteenth Amendment was led by establishment Republicans because of their close ties to wealthy industrialists, although not even they were uniformly opposed to the general idea of a permanent income tax. In 1910, New York Governor Charles Evans Hughes, shortly before becoming a Supreme Court Justice, spoke out against the income tax amendment. While he supported the idea of a federal income tax, Hughes believed the words "from whatever source derived" in the proposed amendment implied that the federal government would have the power to tax state and municipal bonds. He believed this would excessively centralize governmental power and "would make it impossible for the state to keep any property".

The Democrats won both houses and the Presidency in 1912 and the country was generally in a left-leaning mood, with the Socialist Party winning a seat in the House in 1910 and polling six percent of the popular presidential vote in 1912. Three advocates for a federal income tax ran in the presidential election of 1912. On February 25, 1913, Secretary of State Philander Knox proclaimed that the amendment had been ratified by three-fourths of the states and so had become part of the Constitution. The Revenue Act of 1913 was enacted shortly thereafter.

Sixteenth Amendment to the United States Constitution - Wikipedia, the free encyclopedia

I thought republicans and democrats switched party's during that time..


Blah blah blah only post facts when it suits you

The Federal Income tax Amendment was largely more acceptable among "progressives" and not those among the establishment of Republicans, but it would take "left leaning" Democrats to finally see it's passage. Share a link concerning the history of the 16th Amendment if you find that statement to be inaccurate

 

[P@triot]

 

[OldLady]

In the good old days, Olympic athletes were amateurs. Anything remotely approaching getting paid got you banned

Welcome to the modern Olympics where everyone is out to make a buck. If athletes are demanding big payments for winning medals, they can pay taxes on it

Training for the Olympics is a full-time job and not free. The prize money comes nowhere close to covering costs, like professional tournaments often do. I don't think it's at all unethical.

 

[Rustic]

Democrats are the scuzz buckets of the earth..they even have to ruin a world good will games like the Olympics by demanding money at gun point if an athletes gets on the podium.




Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals


Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals
Tiare Dunlap 2016-08-16T15:40:00+00:00
For U.S. athletes, winning an Olympic medal comes with pride, glory – and a hefty tax bill.

According to TIME, Michael Phelps could leave Rio owing up to $55,000 in income taxes.

That's because the U.S. Olympic Committee awards prize money to Olympic athletes who medal at the Games – $25,000 for gold, $15,000 for silver and $10,000 for bronze.

These awards, like other prize money (from a lottery jackpot to a Nobel Prize to game show winnings) is taxable income in the eyes of the IRS.

Hey Stupid, the president has nothing to do with this. This income tax on medal winners has been going on for DECADES!

But you and the rest of the nutters don't deal in truth and facts, so let's just say Obama implemented this tax all by himself back in 2008 to cover his green fees.

I KNEW IT! I KNEW IT!

It's only income if you sell the fucking metal you fucking moron… LOL

 

[bodecea]

Democrats are the scuzz buckets of the earth..they even have to ruin a world good will games like the Olympics by demanding money at gun point if an athletes gets on the podium.




Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals


Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals
Tiare Dunlap 2016-08-16T15:40:00+00:00
For U.S. athletes, winning an Olympic medal comes with pride, glory – and a hefty tax bill.

According to TIME, Michael Phelps could leave Rio owing up to $55,000 in income taxes.

That's because the U.S. Olympic Committee awards prize money to Olympic athletes who medal at the Games – $25,000 for gold, $15,000 for silver and $10,000 for bronze.

These awards, like other prize money (from a lottery jackpot to a Nobel Prize to game show winnings) is taxable income in the eyes of the IRS.

And this is Obama doing this?

 

[bodecea]

Republicans created the IRS.

With regard to a Federal Income Tax

A growing number of Republicans also began supporting the idea, notably Theodore Roosevelt and the "Insurgent" Republicans (who would go on to form the Progressive Party). These Republicans were driven mainly by a fear of the increasingly large and sophisticated military forces of Japan, Britain and the European powers, their own imperial ambitions and the perceived need to defend American merchant ships. Moreover, these progressive Republicans were, as the name suggests, convinced that central governments could play a positive role in national economies.

Opposition to the Sixteenth Amendment was led by establishment Republicans because of their close ties to wealthy industrialists, although not even they were uniformly opposed to the general idea of a permanent income tax. In 1910, New York Governor Charles Evans Hughes, shortly before becoming a Supreme Court Justice, spoke out against the income tax amendment. While he supported the idea of a federal income tax, Hughes believed the words "from whatever source derived" in the proposed amendment implied that the federal government would have the power to tax state and municipal bonds. He believed this would excessively centralize governmental power and "would make it impossible for the state to keep any property".

The Democrats won both houses and the Presidency in 1912 and the country was generally in a left-leaning mood, with the Socialist Party winning a seat in the House in 1910 and polling six percent of the popular presidential vote in 1912. Three advocates for a federal income tax ran in the presidential election of 1912. On February 25, 1913, Secretary of State Philander Knox proclaimed that the amendment had been ratified by three-fourths of the states and so had become part of the Constitution. The Revenue Act of 1913 was enacted shortly thereafter.

Sixteenth Amendment to the United States Constitution - Wikipedia, the free encyclopedia

I thought republicans and democrats switched party's during that time..


Blah blah blah only post facts when it suits you

You "thought" wrong.....but your fail thread premise IS amusing to read.

 

[Wyatt earp]

Republicans created the IRS.

With regard to a Federal Income Tax

A growing number of Republicans also began supporting the idea, notably Theodore Roosevelt and the "Insurgent" Republicans (who would go on to form the Progressive Party). These Republicans were driven mainly by a fear of the increasingly large and sophisticated military forces of Japan, Britain and the European powers, their own imperial ambitions and the perceived need to defend American merchant ships. Moreover, these progressive Republicans were, as the name suggests, convinced that central governments could play a positive role in national economies.

Opposition to the Sixteenth Amendment was led by establishment Republicans because of their close ties to wealthy industrialists, although not even they were uniformly opposed to the general idea of a permanent income tax. In 1910, New York Governor Charles Evans Hughes, shortly before becoming a Supreme Court Justice, spoke out against the income tax amendment. While he supported the idea of a federal income tax, Hughes believed the words "from whatever source derived" in the proposed amendment implied that the federal government would have the power to tax state and municipal bonds. He believed this would excessively centralize governmental power and "would make it impossible for the state to keep any property".

The Democrats won both houses and the Presidency in 1912 and the country was generally in a left-leaning mood, with the Socialist Party winning a seat in the House in 1910 and polling six percent of the popular presidential vote in 1912. Three advocates for a federal income tax ran in the presidential election of 1912. On February 25, 1913, Secretary of State Philander Knox proclaimed that the amendment had been ratified by three-fourths of the states and so had become part of the Constitution. The Revenue Act of 1913 was enacted shortly thereafter.

Sixteenth Amendment to the United States Constitution - Wikipedia, the free encyclopedia

I thought republicans and democrats switched party's during that time..


Blah blah blah only post facts when it suits you

You "thought" wrong.....but your fail thread premise IS amusing to read.

Huh? So now liberals don't claim republicans and democrats switched party's?


So what is it now...

Be specific.

 

[HUGGY]

Democrats are the scuzz buckets of the earth..they even have to ruin a world good will games like the Olympics by demanding money at gun point if an athletes gets on the podium.




Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals


Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals
Tiare Dunlap 2016-08-16T15:40:00+00:00
For U.S. athletes, winning an Olympic medal comes with pride, glory – and a hefty tax bill.

According to TIME, Michael Phelps could leave Rio owing up to $55,000 in income taxes.

That's because the U.S. Olympic Committee awards prize money to Olympic athletes who medal at the Games – $25,000 for gold, $15,000 for silver and $10,000 for bronze.

These awards, like other prize money (from a lottery jackpot to a Nobel Prize to game show winnings) is taxable income in the eyes of the IRS.

Oblama this, Oblama that..Do you people ever think before you speak..Taxes are the realm of Congress...Not the president..

Liar! Obama is evil. Liberals are scum. Obama could exempt Olympic medals if he wanted to but he hates Phelps because he is white and Negroes have a natural fear of water.

You just don't get it. 60% of Americans supported Obama when elected but a sensible hate echo chamber has reduced the number of traitor Americans to 50% approval. That means Obama is getting what he deserves. Maybe more people have affordable health care but they don't deserve it. Only the rich deserve to survive.

 

[Moonglow]

Democrats are the scuzz buckets of the earth..they even have to ruin a world good will games like the Olympics by demanding money at gun point if an athletes gets on the podium.




Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals


Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals
Tiare Dunlap 2016-08-16T15:40:00+00:00
For U.S. athletes, winning an Olympic medal comes with pride, glory – and a hefty tax bill.

According to TIME, Michael Phelps could leave Rio owing up to $55,000 in income taxes.

That's because the U.S. Olympic Committee awards prize money to Olympic athletes who medal at the Games – $25,000 for gold, $15,000 for silver and $10,000 for bronze.

These awards, like other prize money (from a lottery jackpot to a Nobel Prize to game show winnings) is taxable income in the eyes of the IRS.

Oblama this, Oblama that..Do you people ever think before you speak..Taxes are the realm of Congress...Not the president..

Liar! Obama is evil. Liberals are scum. Obama could exempt Olympic medals if he wanted to but he hates Phelps because he is white and Negroes have a natural fear of water.

You just don't get it. 60% of Americans supported Obama when elected but a sensible hate echo chamber has reduced the number of traitor Americans to 50% approval. That means Obama is getting what he deserves. Maybe more people have affordable health care but they don't deserve it. Only the rich deserve to survive.

Well that is the normal mode of human existence, but the man, the myth and the legend,, Ronald McDonald Trump will change all of that to reflect a more imaginary America..

 

[Moonglow]

View attachment 85988

So is duh rich man, who else is gonna give 'em free money when the poor rich guys lose their monies in a recession.??...

 

[P@triot]

View attachment 85988

So is duh rich man, who else is gonna give 'em free money when the poor rich guys lose their monies in a recession.??...

Who is going to give the wealthy "free money"? Idiot liberals like you and Barack Obama. Any other false narratives you would like to attempt while we're here?

 

[Dont Taz Me Bro]

why is Obama so greedy? now he taxes Olympic medals?
.

Obama has nothing to do with this, assclown. The tax has been there for a long time. There is actually a bipartisan effort to get rid of it.

 

[P@triot]

why is Obama so greedy? now he taxes Olympic medals?
.

Obama has nothing to do with this, assclown. The tax has been there for a long time. There is actually a bipartisan effort to get rid of it.

Then why isn't it gone? I've never seen the left attempt to get rid of any tax. Hell, I've never even seen the left work to lower a tax - much less get rid of one.

 

[g5000]

Democrats are the scuzz buckets of the earth..they even have to ruin a world good will games like the Olympics by demanding money at gun point if an athletes gets on the podium.




Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals


Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals
Tiare Dunlap 2016-08-16T15:40:00+00:00
For U.S. athletes, winning an Olympic medal comes with pride, glory – and a hefty tax bill.

According to TIME, Michael Phelps could leave Rio owing up to $55,000 in income taxes.

That's because the U.S. Olympic Committee awards prize money to Olympic athletes who medal at the Games – $25,000 for gold, $15,000 for silver and $10,000 for bronze.

These awards, like other prize money (from a lottery jackpot to a Nobel Prize to game show winnings) is taxable income in the eyes of the IRS.

this is why no one listens to Obama deranged rightwingnuts

it's the prize money that's taxed bubbalah....not the medals.

"Olympic athletes who bring home medals also bring home cash — $25,000 for gold, $15,000 for silver and $10,000 for bronze — paid for by the United States Olympic Committee. Like any prize winner, from a jackpot hitter to a Nobel Prize recipient, the athletes are taxed because Olympic medals and cash bonuses are considered income, said Steven Gill, associate professor of accounting at San Diego State University"

Uncle Sam goes for gold, too: Up to $9,900 per Olympic gold medal

this is how Olympic athletes earn money (this and sponsorships and endorsements). their income is taxed like your income is taxed.

now say..."oh... thanks. I didn't realize that" and back away from the computer.

Uhm...you see why I hate democrats so much, if they can tax it they will, no damn rhyme or reason to tax athletes in the Olympics..

And when the Olympians' were being taxed during the Bush Administration, how did you react then?

 

[g5000]

In the good old days, Olympic athletes were amateurs. Anything remotely approaching getting paid got you banned

Welcome to the modern Olympics where everyone is out to make a buck. If athletes are demanding big payments for winning medals, they can pay taxes on it

Training for the Olympics is a full-time job and not free.

And they get to deduct those costs.

 

[g5000]

I've never seen the left attempt to get rid of any tax.

Senate Democrats Seek to End Tax on Veterans’ Retirement Benefits


You're welcome.

 

[nat4900]

If this thread is an "example" of what right wingers are pushing to besmirch Obama during his last 5 or so months in office......Have at it MORONS !!!!

 

[P@triot]

I've never seen the left attempt to get rid of any tax.

Senate Democrats Seek to End Tax on Veterans’ Retirement Benefits


You're welcome.

They weren't getting rid of any taxes on this. They were simply employing a public relations strategy. They covered this money (and a whole lot more) with 20 new and/or higher taxes in Obamacare. 20-1=19. They didn't get rid of any tax - they added 19 new one's and replaced this one with another one for the 20th and final tax. Thanks for playing.

20 Hidden Tax Hikes in Obamacare

 

[HUGGY]

Democrats are the scuzz buckets of the earth..they even have to ruin a world good will games like the Olympics by demanding money at gun point if an athletes gets on the podium.




Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals


Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals
Tiare Dunlap 2016-08-16T15:40:00+00:00
For U.S. athletes, winning an Olympic medal comes with pride, glory – and a hefty tax bill.

According to TIME, Michael Phelps could leave Rio owing up to $55,000 in income taxes.

That's because the U.S. Olympic Committee awards prize money to Olympic athletes who medal at the Games – $25,000 for gold, $15,000 for silver and $10,000 for bronze.

These awards, like other prize money (from a lottery jackpot to a Nobel Prize to game show winnings) is taxable income in the eyes of the IRS.

Oblama this, Oblama that..Do you people ever think before you speak..Taxes are the realm of Congress...Not the president..

Liar! Obama is evil. Liberals are scum. Obama could exempt Olympic medals if he wanted to but he hates Phelps because he is white and Negroes have a natural fear of water.

You just don't get it. 60% of Americans supported Obama when elected but a sensible hate echo chamber has reduced the number of traitor Americans to 50% approval. That means Obama is getting what he deserves. Maybe more people have affordable health care but they don't deserve it. Only the rich deserve to survive.

Well that is the normal mode of human existence, but the man, the myth and the legend,, Ronald McDonald Trump will change all of that to reflect a more imaginary America..

It's about time!