Yup. It’s is true. Olympians do have to pay taxes on their winnings. Did you know they also get money with their medals? $25,000 for a Gold medal, taxes for that are almost $10,000. $15,000 for a Silver medal. Taxes for that almost $6000. And Bronze winners pay almost for $4000 for the $10,000 that comes with a bronze medal. Fair or not? I’m pretty sure someone steps up and pays it. At least some of it.