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U.S. GOLD MEDALISTS OWE IRS $8,986
Anonymous Kritter Show this Post
08-01-2012, 10:53 PM #1
Anonymous Kritter Incognito Anonymous
 

Medal Tax........Prize Tax........Total Tax Burden
Gold.. $236........$8,750...................$8,986
Silver.. $135.......$5,250...................$5,385
Bronze....$2........$3,500..................$3,50

"It gets even worse. Not only do our Olympic athletes have to pay taxes on their medals and prizes – chances are their competitors on the field will face no such taxation when they get home. Because the U.S. is virtually the only developed nation that taxes “worldwide”income earned overseas by its taxpayers, our Olympic athletes face a competitive disadvantage that has nothing to do with sports."

http://investmentwatchblog.com/u-s-gold-...BlOlpZBSek

All those years of training, and then a penalty from the country you are representing in the games is the reward.
08-01-2012, 11:03 PM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
coffeetime.gif Not surprised in the least. Wonder what would happen if the winners refused the medals? Drone strike?

wonder.gif
08-01-2012, 11:18 PM #3
Octo Mother Superior
Posts:43,001 Threads:1,473 Joined:Feb 2011
That's crazy! 13.gif I googled it both in Finnish and Swedish and could find any information about it so I think this must be one of them uniquely American things...

coffeetime.gif
Anonymous Kritter Show this Post
08-03-2012, 03:07 AM #4
Anonymous Kritter Incognito Anonymous
 
the bloody things aren't even real gold 93% of it is silver so the gov is again ripping off the people! gaah.gif
Anonymous Kritter Show this Post
08-03-2012, 03:12 AM #5
Anonymous Kritter Incognito Anonymous
 
sorry forgot the link for the info http://money.cnn.com/2012/07/18/news/eco...old-medal/
08-03-2012, 09:33 AM #6
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
bored.gif I always herd the Mexicans medals never made it back to Mexico, they've all been destroyed in the past when they've attempted to get the chocolate out of the inside.

wonder.gif
Anonymous Kritter Show this Post
08-03-2012, 07:24 PM #7
Anonymous Kritter Incognito Anonymous
 
(08-01-2012, 11:03 PM)JayRodney Wrote:  coffeetime.gif Not surprised in the least. Wonder what would happen if the winners refused the medals? Drone strike?
would be sweet to see one refuse the medal then give the finger to the flag
Anonymous Kritter Show this Post
08-03-2012, 07:29 PM #8
Anonymous Kritter Incognito Anonymous
 
(08-01-2012, 11:18 PM)Octo Wrote:  That's crazy! 13.gif I googled it both in Finnish and Swedish and could find any information about it so I think this must be one of them uniquely American things... they don't have to worry seeing as winning gold is a dream

coffeetime.gif
08-03-2012, 08:00 PM #9
Octo Mother Superior
Posts:43,001 Threads:1,473 Joined:Feb 2011
lol.gif Good point.

vic.gif
dun dun da! Show this Post
08-03-2012, 11:32 PM #10
dun dun da! Incognito Anonymous
 
don't have to worry bout the fins being taxed octo, these are the 'summer games. no hockey= no medals chuckle.gif
08-03-2012, 11:43 PM #11
Octo Mother Superior
Posts:43,001 Threads:1,473 Joined:Feb 2011
I haven't watched shït from these games. chuckle.gif Main reason is we don't have a TV connection but I probably wouldn't even if we did. But come winter olympics...

:fuckyeah:
Anonymous Kritter Show this Post
08-04-2012, 09:37 PM #12
Anonymous Kritter Incognito Anonymous
 
(08-01-2012, 10:53 PM)Anonymous Kritter Wrote:  Medal Tax........Prize Tax........Total Tax Burden
Gold.. $236........$8,750...................$8,986
Silver.. $135.......$5,250...................$5,385
Bronze....$2........$3,500..................$3,50

"It gets even worse. Not only do our Olympic athletes have to pay taxes on their medals and prizes – chances are their competitors on the field will face no such taxation when they get home. Because the U.S. is virtually the only developed nation that taxes “worldwide”income earned overseas by its taxpayers, our Olympic athletes face a competitive disadvantage that has nothing to do with sports."

http://investmentwatchblog.com/u-s-gold-...BlOlpZBSek

All those years of training, and then a penalty from the country you are representing in the games is the reward.

pro scam artist
13.gif13.gif
08-04-2012, 09:55 PM #13
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
Oh yeah.

wonder.gif
08-04-2012, 11:12 PM #14
Octo Mother Superior
Posts:43,001 Threads:1,473 Joined:Feb 2011
I know over here at least when someone is successful in sports, especially winning gold medals, they're given a piece of land or a house or something of that nature. I'm sure they have to pay property tax on that but what the hell, I'd take it. Too bad I'm probably too old to get into that shït. I could have been really good, I'm good at throwing things. My dad was local shot put champ and I was impressive with the javelin throw.

chuckle.gif
08-06-2012, 03:26 PM #15
Kreeper Griobhtha
Posts:10,782 Threads:647 Joined:Feb 2011
(08-03-2012, 09:33 AM)JayRodney Wrote:  bored.gif I always herd the Mexicans medals never made it back to Mexico, they've all been destroyed in the past when they've attempted to get the chocolate out of the inside.



lmao.gif

Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor



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