0
US Gold medalists make $25,995 per medal. Some other countries pay over 300k for golds.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Do US Olympic medalist pay taxes on medals?
yes
Does Canada pay their Olympic gold medalists?
Yes, the medalists get a payment, which many have been known to contribute back to charities over the years.Gold medalist = $20,000Silver medalist = $15,000Bronze medalist = $10,000
How much do Olympic Metal winners pay in taxes?
The prize taxes for a gold medal honorarium of $25,000 is pegged by ATR at $,8750. Combined with the tax on the medal itself, a gold medalist will have to pay the IRS $8,986. A silver medalist must pay $5,385 on the medal and the $15,000 honorarium and a bronze medal winner must pay $3,502 on the medal and the $10,000 honorarium.
Which countries pay their Olympic athletes?
Thai Incentives Gold medalist = $314,000Silver medalist = $187,788Bronze medalist = $125,213Philippine Incentives Gold medalist = US$220,000Azerbaijan Incentives: Gold: AZN 100,000 and NOC-AZN 50,000Silver: AZN 50,000 and NOC AZN 30,000Bronze: AZN 25,000 and AZN 20,000The AZN amounts are converted to the following: AZN 100,000 = USD 123,777AZN 50,000 = USD 61,888AZN 25,000 = USD 30,944I honestly don't know the difference between AZN and NOC-AZN.Russia Incentives: Gold medalist: 100,000 euros (US$150,000)Silver medalist: 60,000 euros (US$90,000)Bronze medalist: 40,000 euros (US$60,000)Slovenia Incentives: Individual events:Gold medalist: 39,350 euros (62,920 U.S. dollars)Silver medalist: 30,400 euros (48,609 dollars)Bronze medalist: 21,450 euros (34,298 dollars)Team events: Gold medalists in team sports will each receive 10,000 euros (15,990 dollars) from the Slovenian Olympic Committee in addition to the one-off 96,750 euros (154,703 dollars) that the state is giving to the whole teamMalaysia Incentives [Note: These amounts may have already been increased.]Medal incentives:Gold = RM160,000 [US$ 49,088.96]Silver = RM80,000 [US$ 24,544.48]Bronze = RM40,000 [US$ 12,272.24]Monthly pension for retired medalists: Gold medalist = RM3,500Silver medalist = RM1,500Bronze medalist = RM1,000Allowance for Olympic qualifiers: Monthly allowance = RM1,000 [US$318]United States Incentives [Note: This was for the 2004 Olympics]Gold medalist = $25,000Silver medalist = $15,000Bronze medalist = $10,000Canada Incentives [in Canadian dollars]Gold medalist = $20,000Silver medalist = $15,000Bronze medalist = $10,000Australia Incentives Quote from an official:"We have a medal incentive scheme which only goes down to number four and the best are getting $18,000."Kenya Incentives Gold medalist = US$11,000Silver medalist = US$ 7,500Bronze medalist = US$ 3,700Palestine Incentives Monthly allowance: US$ 100Argentina Incentives Olympic qualifiers:Sportsmen diplomas and scholarships of 4,000 pesos. [US $ 1,326]
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
How much tax do Olympic winners pay on the medals gold silver and bronze?
nothing
How can the olympic games be a waste of money?
well the Olympic games make more money then how much they pay for it. thank goodness for tourist that love sport
How much does the US pay Olympic medalists?
$25,000 for gold $15,000 for silver and $10,000 for bronze!
Do olympic athletes pay for their food at the olympic village?
yes but not much. They have to cough up $300 to stay and to eat
Do Olympic athletes have to pay to watch other Olympic events?
Yes
How much does Russia pay for Olympic winners?
30,000,000 rubley for gold 25,000,000 rubley for silver and 20,000,000 rubley for bronze.
