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2012 Summer Olympics
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<blockquote data-quote="texan" data-source="post: 1008554" data-attributes="member: 38206"><p><span style="font-size: 12px"><strong>Gabby Douglas Owes Uncle Sam for Gold Win</strong></span></p><p><span style="font-size: 12px"><strong></strong></span></p><p><span style="font-size: 12px"><strong><span style="font-size: 10px">Sixteen-year-old Gabrielle Douglas cemented her spot in history last week, as the first African American </span></strong></span></p><p><span style="font-size: 12px"><strong><span style="font-size: 10px">to win the all-around women’s gold medal in Olympic gymnastics. But in addition to her newfound fame, Douglas</span></strong></span></p><p> <span style="font-size: 12px"><strong><span style="font-size: 10px">is also taking home a hefty tax burden from her wins in London, as are other winning Olympians.</span></strong></span></p><p><span style="font-size: 12px"><strong><span style="font-size: 10px"></span></strong></span></p><p><span style="font-size: 12px"><strong><span style="font-size: 10px">For every gold medal won, Americans for Tax Reform calculated Olympians would pay close to $9,000 in federal</span></strong></span></p><p> <span style="font-size: 12px"><strong><span style="font-size: 10px">income tax. ATR reports silver medalists pay more than $5,300 per medal won.</span></strong></span></p><p><span style="font-size: 12px"><strong><span style="font-size: 10px"></span></strong></span></p><p><span style="font-size: 12px"><strong><span style="font-size: 10px">Read more: <a href="http://smallbusiness.foxbusiness.com/entrepreneurs/2012/08/06/gabby-douglas-owes-uncle-sam-for-gold-win/?intcmp=obinsite#ixzz23VYAG29C" target="_blank">Gabby Douglas Owes Uncle Sam for Gold Win | Fox Small Business Center</a></span></strong></span></p><p><span style="font-size: 12px"><strong><span style="font-size: 10px"></span></strong></span></p><p><span style="font-size: 12px"><strong></strong></span></p></blockquote><p></p>
[QUOTE="texan, post: 1008554, member: 38206"] [SIZE=3][B]Gabby Douglas Owes Uncle Sam for Gold Win [SIZE=2]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: [url=http://smallbusiness.foxbusiness.com/entrepreneurs/2012/08/06/gabby-douglas-owes-uncle-sam-for-gold-win/?intcmp=obinsite#ixzz23VYAG29C]Gabby Douglas Owes Uncle Sam for Gold Win | Fox Small Business Center[/url] [/SIZE] [/B][/SIZE] [/QUOTE]
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