Published on August 6th, 2012 | by Luis Cavalcanti1
Olympic Medal Tax Counter
The more you win, the more you pay. According to a Yahoo Sports article, every gold medal comes with it a tax bill nearing $8,986. Silver brings with it $5,385 in tax obligations and that measly bronze medal brings with it $3,500 in not so measly tax obligation.
At the current medal count, the US will be collecting
$260,594 from gold medal winners
$80,775 from silver medal winners
$66,500 from bronze medal winners
In total, the United States is awarding its athletes with a tax bill totaling $407,869 (depending on the price of precious medals). Isn’t being an Olympic athlete wonderful?