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In response to
"Is there really a big outcry about Olympic Athletes having to pay taxes on the prize money they earn for medaling?"
by
Bacon the Kook
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I'm sure they have massive deductions for expenses, from years of training, travel, they probably spend more than that on chalk, any endorsement money
Posted by
zeitgeist
Aug 2 '12, 22:02
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can be income averaged back 5 years, they have few costs in taxes on a metal.
where does the 9K come from? its a couple ounces of silver plated in gold. 900 maybe in scrap value. intrinsic value hasn't been established yet
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