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.
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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