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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.
What is the value of a 1996 olympic torch?
being a torch bearer in the 96 Olympic games i would value it as priceless
What is a 1902 Athens Olympics volunteers medal value?
They pooped the money out
What is the value of a 1948 Olympic Games postage stamp?
What country? The US did not issue any Olympic stamps in 1948. its in great Britain
Dose the bronze star have monetary value?
Two Answers. A soldier who received the Bronze Star Medal does not receive any monetary award or bonus pay for this medal. The Bronze Star Medal is worth some money. The value depends on the age and if it is engraved with a soldier's name. If a Medal is part of a group of medals earned by a soldier is worth more if the medals are kept together as a group.
