Descartes: "This needless tax illustrates how complicated and burdensome our tax code has become," he said. "We need a fairer system for all, and eliminating this unnecessary tax burden on our athletes is a good way to start."
Parthenogenetic: I applaud this patriotic legislation to ensure that American Olympic athletes do not have to pay taxes for winning medals and earning prize money abroad.But American job creators should also be exempt from taxes on corporate earnings on the balance sheets of subsidiaries based outside of the USA.Fair is fair.
dustman81: Yea, I'm sure that an Olympian is thinking "Winning a metal is an accomplishment of a lifetime, but I better not as I'd have to pay taxes on it."Medal-winning Olympians have so many endorsement deals thrown at them upon coming home that paying taxes on their medal isn't a problem.
clancifer: So... Tax breaks?
TerminalEchoes: Just imagine if NPR or BSNBC ran this story. Farkers would be outraged that Olympic medal winners were expected to pay taxes on their medals.
Nutsac_Jim: You didnt win that medal asshole.How'd you get to the gym? You build it on your own property? How'd you get to the airport to get here?Pay up slacker.
fusillade762: How are Olympic teams paid for?
TheGreatGazoo: At risk of agreeing with Fox News, it is stupid to tax Olympic winnings.
mainstreet62: What is consistently overlooked is that these athletes enter multiple tournaments in non-Olympic years.They have an income just like us. I don't hear the biatching about taxes in the off years.
vudutek: You earn income, you pay taxes. If they don't like the laws, nobody is forcing them to compete.
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