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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.
Where did Dan Gable win the Olympic gold medal in wrestling?
He won Gold at the 1972 Munich Olympic games.
In the modern olympic games what are the prizes?
They win gold medals (worth US$600) if they are first, silver (worth US$325) if they are second, and bronze (worth US$3) if they are third. Each countries' Olympic federation decides on a cash prize for their athletes (ranging from US$1million for gold in Singapore to no cash prizes in Great Britain)
Who won NZ27s First Olympic Gold Medal?
manish
Who was the first English man to win an Olympic gold medal?
me
Value of 1912 olympic gold medal?
250,000.00
How much was the 1912 Olympic gold medal worth today?
As of February 10, 2014, the value of a 1912 Olympic Gold Medal (which was solid gold and the last time the Olympics distributed solid gold medals) is $984.24... The Gold Medal from the 1912 Olympics held in Stockholm, Sweden weighed in at approximately 24 grams of pure gold. At Auction of course it would be much more valuable because of the historical and sentimental value along with the precious metal.
Is the whole medal gold or do they get a smaller one?
The last real Olympic gold medal was awarded in 1912. Today gold medals are silver plated with gold.
How much 2012 Olympic gold metal each worth?
An Olympic Gold medal is worth 25,000 U.S. Dollars
How much is a Olympic gold medal worth if auctioned?
Priceless
When was the last time that the Olympic Gold Medal was made of solid gold?
The Olympic medals to be made of solid gold were awarded at the 1912 Olympic Games in Stockholm, Sweden. The onset of WWI and WWII sharply decreased the amount of gold used. At present, Olympic gold medals must be at least 92.5% silver and contain a minimum of 6 grams of gold.
What is the value of olympic gold medal?
As of February 10, 2014, the value of a 1912 Olympic Gold Medal (which was solid gold and the last time the Olympics distributed solid gold medals) is $984.24... The Gold Medal from the 1912 Olympics held in Stockholm, Sweden weighed in at approximately 24 grams of pure gold. At Auction of course it would be much more valuable because of the historical and sentimental value along with the precious metal.
What is an Olympic Gold Medal actually made of?
The Olympic gold medal is plated with six grams of pure gold. The medal is mostly silver (92.5%).
What does the olympic gold medal look like?
A round medal with an Olympic logo on it.
When did Nigeria win her first Olympic gold medal?
Nigeria won her first Olympic gold medal in 1876
Is the olympic gold medal actually gold?
No not really the gold medal has 92.5% silver
What is the value of a gold olympic medals?
As of February 10, 2014, the value of a 1912 Olympic Gold Medal (which was solid gold and the last time the Olympics distributed solid gold medals) is $984.24... The Gold Medal from the 1912 Olympics held in Stockholm, Sweden weighed in at approximately 24 grams of pure gold. At Auction of course it would be much more valuable because of the historical and sentimental value along with the precious metal.
