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Do the olympic gold medal winners have to pay taxes on the medal?
Only U.S. Olympic athletes are liable to pay income tax on medals earned and prizes received at the London games. Under U.S. tax law, they must add the value of their Olympic medals and prizes to their taxable income. At today's commodity prices, the value of a gold medal is about $675. A silver medal is worth about $385 while a bronze medal is worth under $5. There are also prizes that accompany each medal: $25,000 for gold, $15,000 for silver, and $10,000 for bronze.
Do Olympic athletes have to pay to watch other Olympic events?
Yes
What problem did Mexico's War of Independence finally solve in 1821?
Mexico did not have to pay food and goods to Spain for their villages anymore
How much did America pay for California?
In exchange for the land the United States paid up to $20 million to Mexico and assume up to $3 million in U.S. citizens' claims against Mexico.
What was the negotiated with Mexico so that the US government would pay Mexico for parts of Arizona and New Mexico?
During the Gadsden Purchase (1853), Mexico sold parts of southern Arizona and New Mexico to the United States. This was the only peaceful purchase of land made from Mexico.
How much tax do Olympic winners pay on the medals gold silver and bronze?
nothing
What does India pay for Olympic medals?
money
Who pay for the olympic americans medals?
The host city is responsible for providing all the medals.
Do US Olympic medalist pay taxes on medals?
yes
Do Olympic medal winners pay taxes on their medals?
Yes
Do Olympic gold medal winners pay taxes on their medals?
Here in Britain the answer is no
Do you have to pay taxes if you win an Olympic medal?
Yes, Olympians must pay taxes on their medals as of now. However, they also receive money for winning medals too. Currently Congress is debating whether Olympians should have to pay taxes.
How much do the US pay for gold medals in the US?
25000
How much tax does the American Olympians have to pay for their medals?
$9700.
How much would Jamaica pay Bolt for his gold medals?
lots.
Does china pay their Olympic athletes?
yes but not as much as america does
How much does great Britain pay Olympic gold medal winners?
Nothing
