gobaseline
Heisman
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Gold medals are taxed by IRS
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| 08-02-2012 11:18 AM |
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College Sports
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wmubroncopilot
1st String
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RE: Gold medals are taxed by IRS
I don't really see the problem, those are earnings like anything else
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| 08-02-2012 01:24 PM |
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Hiller4Hyz09
Bronco Addict
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RE: Gold medals are taxed by IRS
They are more legitimate earnings than some.
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| 08-02-2012 01:53 PM |
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gobaseline
Heisman
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RE: Gold medals are taxed by IRS
(08-02-2012 01:24 PM)wmubroncopilot Wrote: I don't really see the problem, those are earnings like anything else
Not referring to the earnings but the gold medals themselves.
Rep the country, win the gold and Uncle Sam taxes you on your trophy.
Yup, makes sense.
Oh, it's not a huge deal in and of itself, just symptomatic of the larger issue. Tax the dead, tax your earnings a 2nd time, etc. to feed government excessive spending.
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| 08-02-2012 02:34 PM |
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College Sports
I Root For: College Sports
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EA3
Heisman
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Location: Kalamazoo |
RE: Gold medals are taxed by IRS
(08-02-2012 02:34 PM)gobaseline Wrote: (08-02-2012 01:24 PM)wmubroncopilot Wrote: I don't really see the problem, those are earnings like anything else
Not referring to the earnings but the gold medals themselves.
Rep the country, win the gold and Uncle Sam taxes you on your trophy.
Yup, makes sense.
Oh, it's not a huge deal in and of itself, just symptomatic of the larger issue. Tax the dead, tax your earnings a 2nd time, etc. to feed government excessive spending.
Yeah, that's not cool. Especially when the athletes rarely sell the medals. They are essentially getting taxed on something that will be sitting in a safe or safety deposit box.
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| 08-02-2012 02:43 PM |
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MileHighBronco
Hall of Famer
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RE: Gold medals are taxed by IRS
I read that this year, the gold medals don't have nearly as much gold in them as in previous games.
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| 08-02-2012 03:13 PM |
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Hiller4Hyz09
Bronco Addict
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RE: Gold medals are taxed by IRS
(08-02-2012 03:13 PM)MileHighBronco Wrote: I read that this year, the gold medals don't have nearly as much gold in them as in previous games.
Probably why BroncoPhilly stopped training.
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| 08-02-2012 03:22 PM |
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College Sports
I Root For: College Sports
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gobaseline
Heisman
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RE: Gold medals are taxed by IRS
(08-02-2012 03:22 PM)Hiller4Hyz09 Wrote: (08-02-2012 03:13 PM)MileHighBronco Wrote: I read that this year, the gold medals don't have nearly as much gold in them as in previous games.
Probably why BroncoPhilly stopped training.
 touche'
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| 08-02-2012 08:56 PM |
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Dirty Ernie
All American
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RE: Gold medals are taxed by IRS
He was really funny with that BUY GOLD thing all the time.
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| 08-02-2012 09:24 PM |
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MileHighBronco
Hall of Famer
Posts: 16,545
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RE: Gold medals are taxed by IRS
(08-02-2012 03:22 PM)Hiller4Hyz09 Wrote: (08-02-2012 03:13 PM)MileHighBronco Wrote: I read that this year, the gold medals don't have nearly as much gold in them as in previous games.
Probably why BroncoPhilly stopped training.
Either that or BP cornered the Gold market and has his own Ft. Knox.
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| 08-03-2012 11:49 AM |
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