Olympians get Taxed on Winning

Posted by Robbie53024 10 years, 8 months ago to Government
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Marco Rubio states: ""Our tax code is a complicated and burdensome mess that too often punishes success, and the tax imposed on Olympic medal winners is a classic example of this madness," Rubio said in 2012. "Athletes representing our nation overseas in the Olympics shouldn't have to worry about an extra tax bill waiting for them back home."

U.S. athletes are paid cash prizes when they place in Olympic events: $25,000 for a gold, $15,000 for a silver and $10,000 for a bronze."

Obama, playing to the masses, says that he'd sign a law exempting athletes.

How about the rest of us, Mr. O? We work just as hard to achieve our success. Why should a glamour athlete, who will likely return and sign multi-million dollar endorsement deals, get a tax break while us poor shlubs pick up the slack?
SOURCE URL: http://thehill.com/blogs/blog-briefing-room/news/198372-white-house-dont-tax-olympians-on-medals


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