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Full Version: Gold medals are taxed by IRS
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http://msn.foxsports.com/olympics/story/...xes-080212

I am sure there are all sorts of "takes" on this fact. To me, it epitomizes the problem we have with the desire to feed government spending and our tax system.
I don't really see the problem, those are earnings like anything else
They are more legitimate earnings than some.
(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.
(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.
I read that this year, the gold medals don't have nearly as much gold in them as in previous games.
(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.
(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.

03-lmfao touche'
He was really funny with that BUY GOLD thing all the time.
(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.
(08-02-2012 09:24 PM)Dirty Ernie Wrote: [ -> ]He was really funny with that BUY GOLD thing all the time.

But he never bought any brown, so now we're stuck with giant arguments about uniform color. What a jerk.
(08-03-2012 12:21 PM)bronconick Wrote: [ -> ]
(08-02-2012 09:24 PM)Dirty Ernie Wrote: [ -> ]He was really funny with that BUY GOLD thing all the time.

But he never bought any brown, so now we're stuck with giant arguments about uniform color. What a jerk.

Rimshot
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