Tanna Guthrie

The Olympic Tax

Should you have to pay taxes on your gold medal?  American Olympians do.  They actually get taxed on the value of the medal itself plus taxed on the prize money, which is $25,000 for each gold medal.  Most other countries don't tax their Olympians.  What's fair?  (That gold medal Michael Phelps is holding just cost him $8,986 in taxes)

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People : Michael Phelps

08/02/2012 2:51PM
The Olympic Tax
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08/31/2012 8:30AM
Don't Tax Olympians
No, the sacrifices the Olympians and their families make far exceed any we would choose to make. I did not know this before now! What a rip-off!!!
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