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In the United States, money paid to Olympic medal winners is taxable.
Other countries' laws may vary.
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∙ 10y ago
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How much do Australian Olympic medal winners get paid?
2
How much do English Olympic gold medal winners get paid?
Nothing
How much do olympic gold medal winners get paid in swimming?
$1000
How much do Olympic silver medal winners get paid US?
$15,000
How much do Russian Olympic gold medal winners get paid?
I don't believe being paid is allowed
How much do GERMAN Olympic gold medal winners get paid?
around $300 an hour
How much do London olympic gold medal winners get paid?
That will be based on the country. The US Olympic committee pays an award bonus of $25,000 for a gold medal.
Us olympic winners get money?
Yes, they receive a bonus from the USOC (United States Olympic Committee). I believe that a Gold medal winner receives $25,000; Silver is $15,000; Bronze is $10,000. Does Michael Phelps get paid for all of his medals? I don't know.
How much money does an athelete get for a gold medal?
Olympic athletes do not get paid for the medals they win. They do not receive pay for participating. U.S. medalists receive cash prizes from the U.S. Olympic committee. Gold medal winners receive $25,000, silver medal winners receive $15,000, and bronze medal winners receive $10,000.
Do the winners of an Olympic event get a cash prize along with a medal?
The International Olympic Committee does not award cash prizes to the winners. Many countries, however, do offer cash prizes and other incentives to medalists. In 2012, American competitors who won Olympic medals were rewarded in cash by the US Olympic Committee. Gold medal winners received $25,000, Silver medal winners received $15,000, and Bronze medal winners received $10,000. However, the real money is earned through commercial endorsements. Some Olympians get paid a performance bonus from sponsors for winning a medal and may sign commercial endorsements that could wind up paying them millions.
How can Olympic medal winners maintain amateur status when they get paid for their medals by the us Olympic committee?
Nobody's amateur anymore. Bolt got 13.1 million last year.
Do American Olympia winners receive monetary incentives?
Yes, American Medal winners receive $25,000 for a gold, $15,000 for Silver, and $10,000 for Bronze. Paid by the US Olympic Committee.
