Posts Tagged: Olympic Gold

Medal Winning Olympic Athletes Owe IRS

Team USA Gold Medal winners return home facing a tax bill from the IRS. The U.S.Olympic Committee pays athletes $25,000 for winning Gold, $15,000 for the Silver and $10,000 for Bronze and that cash is taxable.  Winning one Gold Medal brings on a tax bill of $9,000. https://youtu.be/NnoZVk5LYS8