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No they don't, it is simply a reward.
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∙ 11y ago
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Do gold medal winners pay taxes on their winning?
Unfortuneatly, the olympians from the USA do have to pay taxes on the winnings from the medals awarded.
Do you have to pay taxes if you win an Olympic medal?
Yes, Olympians must pay taxes on their medals as of now. However, they also receive money for winning medals too. Currently Congress is debating whether Olympians should have to pay taxes.
Do Olympic gold medal winners pay taxes on their medals?
Here in Britain the answer is no
Do Olympians pay taxes on money paid to them by the us Olympic committee for winning?
9,000 tax if gold is won
What taxes do Olympians pay for metals?
... doesn't want Olympic champions to have to pay taxes on their medals. ... to end the taxes on their honorariums and on the value of the metal in their medals." ... Comments are posted from viewers like you and do not always ...Unanswerable. (first by "you" I suspect you mean "everyone"). All taxes are paid by someone, or something (a company for example). But not everyone pays all taxes, certainly not all the time.
How much tax does the American Olympians have to pay for their medals?
$9700.
Do Olympians pay tax on medals?
Only on Gold. Olympic gold medals are made up of about 4,000 dollars worth of gold, depending on the year. Seeing that gold is a form of currency (in the united states at least), they would be expected to pay the Gold Standard Tax, enacted in 1980 in order to keep gold as a viable currency in the United States. Luckily, the United States government pays its own athletes a larger sum, so there is never really a problem.
Do Olympians pay taxes on earnings?
No they don't earn money in the Olympics
Do US Olympic medalist pay taxes on medals?
yes
Do Olympic medal winners pay taxes on their medals?
Yes
How much do the US pay for gold medals in the US?
25000
How much would Jamaica pay Bolt for his gold medals?
lots.
