Winning a gold medal brings a $9,000 tax bill | Fourth-Place Medal - Yahoo! Sports
Ouch!
If you win a gold medal at this years olympics you will owe the IRA $8,986, silver is $5,385 and bronze is $3,500. This is PER medal!*
*Actually it's per the prize money that each medal brings to the holder.
Ouch!
If you win a gold medal at this years olympics you will owe the IRA $8,986, silver is $5,385 and bronze is $3,500. This is PER medal!*
*Actually it's per the prize money that each medal brings to the holder.