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Yes, India pays olampic medal Winner's.

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โˆ™ 2009-11-13 07:57:25
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Q: Does India pay olympic medal winners?
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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 medal winners pay taxes on their medals?


Do Olympic medal winners have to pay for their medals?

No, usually their countries pay them for winning their medals.

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?


How much dose us pay Olympic gold medal winners?


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 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 gold medal winners pay taxes?

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

Do olympic winners have to pay tax on medal?

Only in the United States of America. Currently there is a law suit pending that will attempt to change that law.

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 does Jamaica pay gold medal winners?


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.

Does the International Olympic Committee pay Gold Medal winners?

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.

Do olympic athletes have to pay taxes on their medals?

yes, on every medal they win they have to pay taxes on it.

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


Why do American gold medal winners have to pay a tax?

its because there normal people too

How much do Olympic Metal winners pay in taxes?

If u win gold you will pay over 5k in taxes

What does India pay for Olympic medals?


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.

How much tax do Olympic winners pay on the medals gold silver and bronze?


How much do the US olympic athletes get paid?

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.

How much do countries pay their Olympic winners?

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.

What prizes do olympic winners receive?

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.