income tax on olympic medals

Started Aug 2, 2012 | Discussions thread
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edwardaneal
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income tax on olympic medals
Aug 2, 2012

U.S. medal winners will have to pay income tax

http://www.huffingtonpost.com/2012/08/01/olympians-owe-irs-taxes-medals-cash-bonuses_n_1729486.html

but of course an evil Republican (actually my local representative) has introdused a bill to get rid of this tax

http://www.swrnn.com/2012/08/02/bill-introduced-to-exempt-taxes-on-olympic-medals/

“Taxing the Olympic medals of U.S. athletes is like Scrooge putting a tax on Christmas presents,”

so what do you think - - should they pay tax on the medals they win????

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