>"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.
>Gold and silver medals are made mostly of silver, while bronze medals are composed of mostly copper. Rio's medals are among the largest and heaviest ever and contain about 500 grams of either silver or copper. The value of a gold medal is about $564; silver is worth about $305. Bronze is worth a negligible amount so it's not taxed."
Jack James
Daily reminder: taxation is theft
Kevin Myers
Druggie Phelps BTFO
Wyatt Rogers
>smoke weed >druggie
Grandpa pls
Anthony Turner
DUDE WEED HAHAHHAHAHAHAHA
Jason Cruz
> muh capitalism
Bentley Nelson
nice quads
Josiah Morris
>take peds >clean
Tim Montgomery pls
Joseph Powell
>he doesn't smoke weed
Jose Young
>tfw you deliberately get the bronze because you're poor
Isaac Long
I understand their reasoning Prize money is income so that makes perfect sense They have the athletes before them to blame for the medals tax. If they didn't sell/scrap their medals it wouldn't exist
Levi Turner
Smoking weed in the basement is prohibited by his roommates. AKA Mom and Dad and his aunt
Cooper Gutierrez
>I can't sell my medal on Pawn Stars without the government stealing my property gained through ego
AM I BEING DETAINED?
Jackson Gutierrez
...
Connor King
the smart athletes get a couple sponsorships to cover the costs
Austin Walker
In Lithuania athletes are paid over 100K for winning a gold medal. In the United States athletes are paid 25K per gold. That's where most of the taxes are paid.
The gold medal itself is only worth like 400 or 500 bucks or something like that. So like 30 dollars in taxes.
Ayden Richardson
>income is taxed
WOW
Lincoln Robinson
In the end it always works out in favor of athletes. They get a lot of complimentary gifts from Olympic sponsors, like Galaxy S7 phones from Samsung for example.
And even the smallest event American athletes have local business or even church sponsors from their hometown. Everyone else will have a decent sponsorship.
Brody Johnson
HURR WHY CAN'T I EARN INCOME OVERSEAS AND NOT HAVE TO REPORT IT ON MY TAXES DURRRR
Jose Wood
...
Xavier Wright
>Gold medals are made of silver
Huh, didn't think I could get Santa Clause'd at this age in my life but there you go.
That's rediculous. Why isn't the Gold medal Gold?
Jeremiah Nelson
Fucking Democrats...
Luke Richardson
making it solid gold would be way too expensive
Angel Walker
Because pure gold is too soft you spastic
Cooper Flores
Based Merchant milking Amerigoys
Gabriel Parker
your mom is too soft
Nathaniel Baker
what
Leo Davis
>Land of the """"""free"""""
Alexander Hernandez
>Land of the tv license
Blake Rogers
because they can't afford to make gold medals for each of the million swimming events
