How much money does an olympian make
Olympic gold medal winner Sage Kotsenburg in Sochi, Russia. But the money is considered earned income abroad and subject to IRS taxation. The group also argues the United States is one of only a handful of developed countries that taxes such income, which means other Olympic competitors will likely not have to pay such taxes.
The marginal-income tax bracket into which an Olympian falls would decide how much he or she must pay. And the amounts do not take into account income taxes owed in most states. So they should have higher-than-usual earnings.
How much do Olympians make for winning a gold medal? It varies wildly by country - SFGate
The debate about whether Olympians should be subject february 2016 stock market crash the taxes often resurfaces at the start of the winter how much money does an olympian make summer games.
On Tuesday, Texas GOP Rep.
How Olympic Athletes Make a Living - Sports Management Degree Hub
Blake Farenthold re-introduced legislation -- the "Tax Exemptions for American Medalists TEAM Act" — that would exempt U. Olympic athletes from paying taxes on the medals and the accompanying money.
During the presidential campaign, Republican nominee Mitt Romney and President Obama backed a similar Senate proposal. This material may not be published, broadcast, rewritten, or redistributed.
How Olympic Athletes Make a Living - Sports Management Degree Hub
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The price of gold: Taking first place in Olympics could cost US stars as much as $10G in taxes | Fox News
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