Where Your Dreams Become Reality

Non-SMA120x60NT

What's Let's Run.com?

Highschool Front Page

Training Advice

More News in Our:
News Section!

Message Boards
Main Message Board

Turn Back The Clock! Today's Top Runners Talk About Their High School Careers

RECOMMENDED
READS

Comments, questions, suggestions, story you'd like to submit?
Email us

 
You are reporting the following post to the moderators for review and possible removal from the forum

Poster: Steve Martins
Subject: RE: How much does your country or federation give for Olympic medals?
Body:


ALH359 wrote:

The United States Olympic Committee rewards Olympic medalists with honorariums. A gold medal brings $25,000. Silver medals get you $15,000. And a bronze is worth $10,000.
The Weekly Standard, a conservative news magazine, ran the numbers and tabulated that the tax bill on a gold is $8,986, silver is $5,385 and bronze is $3,500.

That was taken from the following article:

http://sports.yahoo.com/blogs/olympics-fourth-place-medal/winning-gold-medal-brings-9-000-tax-bill-171555961--oly.html


That would be the amount withheld, not the final taxed amount. Tax is withheld at the same rate yours would be if you earned a bunus at your job, but when you file, it is all taxed at whatever your tax rate is.
Hit the submit button below if you want us to review the post. If you feel this is urgent or want a reply, email us at letsrun@letsrun.com about the post and please include a link to the thread the post is on and what page number/post on that page it is
Your name:

 

Quantcast