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They are not paid. This would mean they are professional athletes and to play they can't be paid. The athletes get endorsements from companies after they win.

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โˆ™ 2012-08-05 19:17:23
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Olympics

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What does the word Olympic mean

What country first proposed the winter olympic games as separate from the traditional olympic games

How did the athletes prepare for the ancient olympic games

What other events were included in the ancient olympic games after the first ancient olympic games

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Q: How much does the US pay it's athletes for gold medals?
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Related questions

How much money does the US give to the gold medals winners from the United States?

The US does not pay athletes for winning medals.


How much do other countries pay for winning gold medals?

Depends what country you are from. The United States gives it athletes no money for winning a gold medal.


Do athletes get pay for setting gold record?

does athletes get pay for gold record


How much do the US pay for gold medals in the US?

25000


How much would Jamaica pay Bolt for his gold medals?

lots.


How much tax do Olympic winners pay on the medals gold silver and bronze?

nothing


Do olympic athletes have to pay taxes on their medals?

yes, on every medal they win they have to pay taxes on it.


Do olympic athletes pay taxes on medals?

Only on Gold. Olympic gold medals are made up of about 4,000 dollars worth of gold, depending on the year. Seeing that gold is a form of currency (in the united states at least), they would be expected to pay the Gold Standard Tax, enacted in 1980 in order to keep gold as a viable currency in the United States. Luckily, the United States government pays its own athletes a larger sum, so there is never really a problem.


Do US athletes receive monetary rewards for winning Olympic medals?

Yes, the US Olympic Committee gives cash awards of $25,000, $15,000, and $10,000 to winners of gold, silver, and bronze medals, respectively. Athletes, as of now, still have to pay taxes on their winnings.


Do Olympians pay taxes for gold in medals?

No they don't, it is simply a reward.


How many countries pay their athletes to win a gold medal in the Olympics?

australia


Do Olympic gold medal winners pay taxes on their medals?

Here in Britain the answer is no

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