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kurtjkemp2013 August 13th, 2016 12:53am

Should the U.S. government tax Olympic medal winners for winning gold, silver or bronze medals ?

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GingerFascist Ireland
08/12/16 5:57 pm

Does the US gov do that? That's terrible if they do, those Olympic Winners earned those through hard work and dedication. It is their prize for serving the USA.

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kurtjkemp2013 Bluffton, IN
08/12/16 6:01 pm

America's Olympic medalists must pay state and federal taxes on the prize money they get for winning. The U.S. Olympic Committee awards $25,000 for gold medals, $15,000 for silver and $10,000 for bronze.
That's not all. Olympians also have to pay tax on the value of the medals themselves.

Source: money.cnn.com/2016/08/12/news/olympians-gold-medals-taxes-us/

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kurtjkemp2013 Bluffton, IN
08/12/16 6:20 pm

They probably already do...it's probably hidden in the cost to get fillings at the dentist.

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mtdewbob Arizona
08/12/16 6:15 pm

If democrats had their way they tax the filling in your teeth.

shoeless Texas
08/12/16 9:46 pm

Not if they love in Texas. No state income tax!!