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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.
What country pays their gold medal winners the most for the medal?
USA
Which country pays the most to gold medal winners?
Italy-- $182.000 USD
How much do Olympic silver medal winners get paid?
This depends on what, if any, bonus the athlete's national Olympic committee pays out. For the USA, the USOC pays athletes $25,000 per gold medal, $15,000 per silver and $10,000 per bronze.
How much do british athletes get paid for winning gold medals?
Olympic athletes are amateurs. They do not get paid. Britain does not award cash to medal winners. Other countries in the UK might award cash to their medal winners.
How much japan pays to gold medalists?
$170
Who pays most for the olympic medals?
According to the link on http://happyamsguy.blogspot.com/2008/08/singapore-pays-most-for-olympic-medals.html, it states the countries paying for Olympics Gold medal.
How much do the US athletes get paid for winning gold medals?
China - $51,000 (350,000 yuan) Central sports officials in China have not said how high the bonuses they give will be, but the Chinese-language Sports Weekly reported they are likely to hand gold medal winners 350,000 yuan ($51,000) each, plus big payments shared out from sponsors.
Does India pay olympic medal winners?
Yes, India pays olampic medal Winner's.
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.
How much money does the us swim team get paid for winning the gold medal?
Nothing; most Olympic athletes make money from endorsement deals and other ways of trading on their fame such as book deals, television commentary, interviews, etc. Many, particularly in less popular sports have regular jobs, or are supported by their families.
How much tax does olympic winner pay on gold medal?
That will be based on their total income for the year, as well as the country. The US Olympic committee pays an award bonus of $25,000 for a gold medal. That is taxable income. Someone like Michael Phelps with a huge income from endorsements is going to pay a higher tax rate than someone getting a single medal at their first Olympics. With no other income, a medal winner would probably pay less than $2,000 of it in taxes. Someone like Phelps could pay as much as 40%, but the reality is that a good tax accountant will take advantage of the appropriate methods of reducing taxes.
