Top Answer
User Avatar
Wiki User
Answered 2010-03-01 05:49:25

The United States government does not pay their Olympic athletes. However, it is possible that an athlete will have a contract with a business, such as a shoe manufacturer or a swimsuit manufacturer, and that contract may have wording in it that says the athlete will be paid an amount for winning an Olympic event.

The USOC - United States Olympic Committee - which is a private entity separate from the US Gov't - pays athletes for medals - $25,000 for gold, $15,000 for silver and $10,000 for bronze. Some athletes are invited to train at the US Olympic training facility run by the USOC and all expenses are paid, but the athlete must adhere to a strict training schedule and rules of the facility.

User Avatar

Your Answer


Still have questions?

Related Questions

Do olympic athletes pay taxes 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 Olympic athletes have to pay to watch other Olympic events?


Do olympic athletes pay for their food at the olympic village?

no only if they have their I.D card

What does the United States pay their athletes for winning a medal at the Olympics?

The US Olympic Committee pays athletes a cash reward for their success. Gold - $25,000 Silver - $15,000 Bronze - $10,000 There is a current controversy though about the IRS considering this to be a taxable income.

Do US olympic athletes pay taxes on their winnings?

no they do not have to pay taxes on their winnings.

Does china pay their Olympic athletes?

yes but not as much as america does

Do Olympic athletes have to pay to participate?

of course no because they are volunteerring to participate

Do olympic athletes have to pay taxes on their medals?

yes, on every medal they win they have to pay taxes on it.

Do the athletes have to pay their own way to the Olympics?

Olympic athletes don't exactly pay their own way. They get some funding from the U.S. Olympic Committee and from commercial sponsors. They also sign up for commercials. Whatever is left, they have to pay for themselves.

How much money does the US give to the gold medals winners from the United States?

The US does not pay athletes for winning medals.

When ancient Greece olympic athletes cheated what happend to them?

they have to pay lots of money

What prizes do olympic winners receive?

The Olympic Committee awards its athletes, $25,000 for gold, $15,000 for silver and $10,000 for bronze. The athletes still have to pay taxes on whatever money they win.

How much do other countries pay for winning gold medals?

Depends what country you are from. The United States gives it athletes no money for winning a gold medal.

Do olympic winners have to pay tax on medal?

Only in the United States of America. Currently there is a law suit pending that will attempt to change that law.

Do Olympians get paid?

In today's Olympic Games, the majority of athletes are professionals who are paid to play their sport. In addition, many countries pay their athletes a bonus if they win a medal..

Do athletes pay to stay and eat in Olympic Village?

yes but not much. They have to cough up $300 to stay and to eat

How much money does Japan pay the us?

Japan doesn’t pay the United States and the United States doesn’t provide them with foreign aid.

Do US athletes receive monetary rewards for winning Olympic medals?

Yes, the US Olympic Committee gives cash awards of $25,000, $15,000, and $10,000 to winners of gold, silver, and bronze medals, respectively. Athletes, as of now, still have to pay taxes on their winnings.

Do athletes get pay for setting gold record?

does athletes get pay for gold record

Do athletes get money for winning at the Olympics?

Most Olympic athletes do not get paid for winning at the Olympics. Many of the countries will pay the travel expenses of the athletes. Most athletes are sponsored and will receive bonus money from the sponsors for doing well or medaling at the Olympics. For more information, please refer to the related link.

What is the symbol of United States republic pay?


Does United States pay taxes to Great Britain for New England states?


When were pay phones first introduced to the United States?

In 1889, a public telephone with a coin-pay mechanism was installed in Hartford, Connecticut. By 1902 there were 81, 000 pay phones across the United States.

What has the author Horace M Heiskell written?

Horace M. Heiskell has written: 'Pay table for the use of paymasters and others of the United States navy' -- subject(s): Confederate States of America, Confederate States of America. Navy, Pay, allowances, United States, United States. Navy

How much money does an Olympic winner make?

Many nations pay their athletes for winning a medal, but the US does not. In the US, many athletes earn money from product sponsorship such as energy bars, drinks, bicycle manufacturers, etc.