Winning a gold medal brings a $9,000 tax bill

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  • Iwinyourmoney
    SBR Posting Legend
    • 04-18-07
    • 18368

    #1
    Winning a gold medal brings a $9,000 tax bill
    The United States Olympic Committee rewards Olympic medalists with honorariums. A gold medal brings $25,000. Silver medals get you $15,000. And a bronze is worth $10,000.
    The Weekly Standard, a conservative news magazine, ran the numbers and tabulated that the tax bill on a gold is $8,986, silver is $5,385 and bronze is $3,500.

    When Olympic medalists return to the United States, they're in high demand. Everyone, from Michael Phelps to a bronze medalist in judo will be sitting for television interviews, talking to newspapers, going to assemblies at local schools and celebrating with … Continue reading →
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