UpstateNYUPSer(Ret)
Well-Known Member
Gabby Douglas Owes Uncle Sam for Gold Win
Sixteen-year-old Gabrielle Douglas cemented her spot in history last week, as the first African American
to win the all-around women’s gold medal in Olympic gymnastics. But in addition to her newfound fame, Douglas
is also taking home a hefty tax burden from her wins in London, as are other winning Olympians.
For every gold medal won, Americans for Tax Reform calculated Olympians would pay close to $9,000 in federal
income tax. ATR reports silver medalists pay more than $5,300 per medal won.
Read more: Gabby Douglas Owes Uncle Sam for Gold Win | Fox Small Business Center
This has already been discussed several times in this thread. (Posts #55 and 60)