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yeoman6987

(14,449 posts)

1. I am shocked they are taxed

Reply to JCMach1 (Original post)

Wed Aug 17, 2016, 11:17 AM

Aug 2016

If they got a gold medal and a million dollars, I can see the money taxed. But a medal they will most likely pass down for generations? Doesn't seem right.

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Highlight:

Bi-Partisan Tax Proposal: Make Olympic Awards non-taxable... [View all] JCMach1 Aug 2016 OP

I am shocked they are taxed yeoman6987 Aug 2016 #1

I don't get it. HassleCat Aug 2016 #2

Especially in obscure sports, people devote infinite hours to promote their country JCMach1 Aug 2016 #3

So you think we should encourage people to spend prime years... Taitertots Aug 2016 #7

Well then HassleCat Aug 2016 #8

There should be no tax on the medal. Dawson Leery Aug 2016 #4

Start thinking of ways to abuse this... JHB Aug 2016 #5

A tax exemption creates no benefit to society Taitertots Aug 2016 #6

Why shouldn't the money be taxed? taught_me_patience Aug 2016 #9