Unfortuneatly, the olympians from the USA do have to pay taxes on the winnings from the medals awarded.
Here in Britain the answer is no
Kanu
There are hundreds of Olympic gold medal winners alive as of 2013.
A gold medal plus a little appreciation. :)
No
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.
Listing of Gold Medal winners for the ladies figure skating in the Olympics?
Olympic athletes are amateurs. They do not get paid. Britain does not award cash to medal winners. Other countries in the UK might award cash to their medal winners.
USA
302 event winners were awarded a Gold Medal.
winning a gold medal
they receive a medal