No, the IOC does not pay medal winners.
No, usually their countries pay them for winning their medals.
Here in Britain the answer is no
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.
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.
Gold medal winners pay the same taxes every other citizen pays.
Only in the United States of America. Currently there is a law suit pending that will attempt to change that law.
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.
Yes, In 1934 an Olympian from Great Britain sold his Olympic Gold Medal to pay off his home.
No, they do not. However, the national committees for most countries will give athletes that win a medal an honorarium. The US awards $25k for gold, $15k for silver and $10k for bronze. Great Britain does not give and award. In some cases other organizations will award winners as well, I understand one of the US groups will pay one of the wrestlers a 6 figure bonus.
yes, on every medal they win they have to pay taxes on it.
its because there normal people too
If u win gold you will pay over 5k in taxes
Unfortuneatly, the olympians from the USA do have to pay taxes on the winnings from the medals awarded.
Most athletes do not get paid a set amount. Only gold, silver, and bronze medal winners get paid by the USOC (US Olympic Committee). Gold gets $25,000; Silver, $15,000; and Bronze, $10,000. Other than that, they get paid by sponsors, who pay differently depending on the Olympian.
Countries are not encouraged to pay anything to winners for the actual win. Countries can, however, assist with expense compensation. Winners most likely will receive compensation for their efforts, down time, and for promotional activities before and after the olympics from private and public corporations.
The Olympic Committee awards its athletes, $25,000 for gold, $15,000 for silver and $10,000 for bronze. The athletes still have to pay taxes on whatever money they win.