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Gold medal winners pay the same taxes every other citizen pays.
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∙ 9y ago
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Do Olympic gold medal winners pay taxes on their medals?
Here in Britain the answer is no
Do gold medal winners pay taxes on their winning?
Unfortuneatly, the olympians from the USA do have to pay taxes on the winnings from the medals awarded.
Do Olympic medal winners pay taxes on their medals?
Yes
How much Do olympic medal winners pay taxes for medals?
It differs from country to country, but a Gold Medal in the USA gets a $25,000 payment, and the average tax on that is about $9,000.
How much does Jamaica pay gold medal winners?
50p
How much do Olympic Metal winners pay in taxes?
If u win gold you will pay over 5k in taxes
How much does great Britain pay Olympic gold medal winners?
Nothing
How much dose us pay Olympic gold medal winners?
never
Does the IOC pay Olympic medal winners money?
No, the IOC does not pay medal winners.
Why do American gold medal winners have to pay a tax?
its because there normal people too
How much money does an athelete get for a gold medal?
Olympic athletes do not get paid for the medals they win. They do not receive pay for participating. U.S. medalists receive cash prizes from the U.S. Olympic committee. Gold medal winners receive $25,000, silver medal winners receive $15,000, and bronze medal winners receive $10,000.
How much tax do Olympians pay for metals?
The prize taxes for a gold medal honorarium of $25,000 is pegged by ATR at $,8750. Combined with the tax on the medal itself, a gold medalist will have to pay the IRS $8,986. A silver medalist must pay $5,385 on the medal and the $15,000 honorarium and a bronze medal winner must pay $3,502 on the medal and the $10,000 honorarium.
