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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 was the first English man to win an Olympic gold medal?
me
Who won NZ27s First Olympic Gold Medal?
manish
