0
That will be based on their total income for the year, as well as the country.
The US Olympic committee pays an award bonus of $25,000 for a gold medal. That is taxable income. Someone like Michael Phelps with a huge income from endorsements is going to pay a higher tax rate than someone getting a single medal at their first Olympics. With no other income, a medal winner would probably pay less than $2,000 of it in taxes. Someone like Phelps could pay as much as 40%, but the reality is that a good tax accountant will take advantage of the appropriate methods of reducing taxes.
Wiki User
∙ 11y ago
Wiki User
∙ 11y ago30%
Add your answer:
Earn +20 pts
How much do Olympic gold medal winner get paid in South Africa?
nothing
How much cash can have winner of gold medal?
£100m i think
How much is a Olympic gold medal worth if auctioned?
Priceless
How much do London olympic gold medal winners get paid?
That will be based on the country. The US Olympic committee pays an award bonus of $25,000 for a gold medal.
How much do English Olympic gold medal winners get paid?
Nothing
How much do olympic gold medal winners get paid in swimming?
$1000
How much 2012 Olympic gold metal each worth?
An Olympic Gold medal is worth 25,000 U.S. Dollars
How much gold in an olympic gold?
According to reports on the internet, the contents of an Olympic Silver Medal are the same as with an Olympic Gold Medal, 92.5 percent pure silver. The Gold Medal is covered by at least 6 grams of gold, according to the Olympic Charter. Some Olympic hosts make the medals larger or smaller according to their respective preferences...but the content must still follow the Charter.
How much does great Britain pay Olympic gold medal winners?
Nothing
How much does an athlete earn from an Olympic gold medal?
1 million bhatt
How much silver in an olympic gold medal?
According to reports on the Internet, the contents of an Olympic Silver Medal are the same as with an Olympic Gold Medal, 92.5 percent pure silver. The Gold Medal is covered by at least 6 grams of gold, according to the Olympic Charter. Some Olympic hosts make the medals larger or smaller according to their respective preferences...but the content must still follow the Charter.
How much do great Britain Olympic gold medal make?
No prize, but face on stump
