Olympians taxed for their Medals

That’s right! The Internal Revenue Service collects a hefty bonus any time an American Olympian earns a medal! How much, you ask? Oh, just $25,000 for gold, $15,000 for silver, and $10,000 for bronze!!

The buck doesn’t quite stop there either, as medals are actually deemed as taxable income, meaning gold medal winning athletes could be forced to pay in the neighborhood of $7,000-$9,900!!

USATSI_7725226

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February 12, 2014. Feburary.

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