- Mar 13, 2012
- 40,956
- 15,890
- 2,260
I thought all the athletes won were the medals, but the Gold pays $25,000.
Of course the IRS will be standing right next to the podium to get their share of the winnings. The US Government isn't satisfied with that, they also tax the value of the medal the athlete won. $236 tax for a gold medal.
Americans for Tax Reform : Win Olympic Gold, Pay the IRS
Of course the IRS will be standing right next to the podium to get their share of the winnings. The US Government isn't satisfied with that, they also tax the value of the medal the athlete won. $236 tax for a gold medal.
Americans for Tax Reform : Win Olympic Gold, Pay the IRS