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no you get payed lots of money and if you break a world record u get 1 million dollars

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โˆ™ 2012-08-13 07:13:22
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Olympics

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What does the word Olympic mean

What country first proposed the winter olympic games as separate from the traditional olympic games

How did the athletes prepare for the ancient olympic games

What other events were included in the ancient olympic games after the first ancient olympic games

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Q: Do you have to pay money when you win an Olympic gold medal?
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Related questions

Does the IOC pay Olympic medal winners money?

No, the IOC does not pay medal winners.


Do the olympic gold medal winners have to pay taxes on the medal?

Yeah, $9,000.


Do Olympic gold medal winners pay taxes on their medals?

Here in Britain the answer is no


How much does great Britain pay Olympic gold medal winners?

Nothing


How much dose us pay Olympic gold medal winners?

never


Does the US pay money if an olympic contestant win a medal?

Yes.


Has anyone ever sold an olympic medal?

Yes, In 1934 an Olympian from Great Britain sold his Olympic Gold Medal to pay off his home.


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 do Olympic gold medal winners get paid?

Payment for winning Olympic medals varies by country. Some do not pay any money at all. The United States Olympic Committee pays its medal winners $25,000 to gold medal winners, $15,000 to those who take home a silver and $10,000 for a bronze. Some of the richer U.S. sport federations give additional prize money to their winners as well. There are many appearances and endorsement deals that generally follow a gold medal winner. See related links for more information.


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.


Do Olympic medal winners pay taxes on their medals?

Yes


Do gold medal winners pay taxes?

Gold medal winners pay the same taxes every other citizen pays.

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