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Originally Posted by scuba steve
you sure about those stats on the medals? sorry i don't trust exactly a tax reform website. from what i've read the intrinsic value of the gold medal isn't really that much but i could be wrong
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Its not for the medals, Its because The United States Olympic Committee rewards Olympic medalists with honorariums. A gold medal brings $25,000. Silver medals get you $15,000. And a bronze is worth $10,000 and so they are taxed as if its income because it is.