View Poll Results: Should U.S. Olympians Have to Pay Taxes on Their Medals

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    11 40.74%
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    15 55.56%
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Thread: Should U.S. Olympians Have to Pay Taxes on Their Medals?

  1. #11
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    Re: Should U.S. Olympians Have to Pay Taxes on Their Medals?

    Quote Originally Posted by NIMBY View Post
    President Eisenhower would note this post, and disagree .
    DDE was a big government RINO. I doubt you could discern what his position on its would be given when he was president all our Olympians were strictly amateurs



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    Re: Should U.S. Olympians Have to Pay Taxes on Their Medals?

    Absolutely not.

  3. #13
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    Re: Should U.S. Olympians Have to Pay Taxes on Their Medals?

    Yet when you posted the exact type of comment to me, I did not come in with a statement saying you couldn't discern something.
    In fact, I didn't say anything to your comment, as intended.
    Quote Originally Posted by TurtleDude View Post
    DDE was a big government RINO.
    I doubt you could discern what his position on its would be given when he was president all our Olympians were strictly amateurs
    You specifically said no income should be taxed, TD.
    I don't see any GOP President agreeing with you, let alone the vast majority of Americans .
    Physics is Phun

  4. #14
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    Re: Should U.S. Olympians Have to Pay Taxes on Their Medals?

    Quote Originally Posted by NIMBY View Post
    Yet when you posted the exact type of comment to me, I did not come in with a statement saying you couldn't discern something.
    In fact, I didn't say anything to your comment, as intended.

    You specifically said no income should be taxed, TD.
    I don't see any GOP President agreeing with this, let alone the vast majority of Americans .
    most of those not agreeing with it don't pay income taxes I suspect

    have you voted in the poll?



  5. #15
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    Re: Should U.S. Olympians Have to Pay Taxes on Their Medals?

    Quote Originally Posted by TurtleDude View Post
    I don't believe any income should be taxed so I obviously support the athletes NOT being taxed.
    I'm good with this idea, but my position is that as long as taxes are done then they should be treated equally, regardless how "feel good" the endeavor was in which they were earned.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  6. #16
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    Re: Should U.S. Olympians Have to Pay Taxes on Their Medals?

    Quote Originally Posted by TurtleDude View Post
    most of those not agreeing with it don't pay income taxes I suspect

    have you voted in the poll?
    The vote in the poll doesn't have anything to do with our discussion or you being against paying any taxes at all, for all to see TD .
    Physics is Phun

  7. #17
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    Re: Should U.S. Olympians Have to Pay Taxes on Their Medals?

    Quote Originally Posted by TurtleDude View Post
    DDE was a big government RINO. I doubt you could discern what his position on its would be given when he was president all our Olympians were strictly amateurs
    We started getting more medals when the Soviet Union broke apart and just about everything but tying your shoes became an olympic sport. I don't know if a bronze in horse dressage, a silver in canoeing, or a gold in synchronized swimming is something to be proud of. Anyway, just because someone chooses to play games for a living doesn't mean they shouldn't pay taxes.
    Last edited by Napoleon; 02-24-14 at 11:39 PM.

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    Re: Should U.S. Olympians Have to Pay Taxes on Their Medals?

    So you're good with sky-rockeding deficits, since you don't believe in taxes.
    And the GOP was for cutting Defense until Mr. Obama agreed with them.
    Now they waqnt to pork-barrel Defense again, raising taxes.
    Against the Rand Paul coalition.
    Doing away with Taxes will take care of the Deficit that the GOP is all about, correct?
    Quote Originally Posted by radcen View Post
    I'm good with this idea, but my position is that as long as taxes are done then they should be treated equally, regardless how "feel good" the endeavor was in which they were earned.
    Physics is Phun

  9. #19
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    Re: Should U.S. Olympians Have to Pay Taxes on Their Medals?

    Quote Originally Posted by MMC View Post
    Heya WCH. Funny thing.....Marco Rubio was the one that put forth the legislation in 2012 and then Obama signed onto it. Plus accountants sy they may have a way around it.


    According to Americans for Tax Reform, a group supporting the bill, those in the top tax bracket — like skier Ted Ligety, ice dancers Meryl Davis and Charlie White, or any U.S. hockey player — will pay 39.6 percent, or $9,900, on a gold medal — while those in the bottom tax bracket will pay 10 percent, or $2,500, for a gold.

    However, accountants suggest there could be a way around the tax question, if Congress does not support the exemption. If an athlete treats his or her sports activity as a business, then related expenses might be deductible. So all of those training expenses, the cost of travel and equipment could be deducted against income.....snip~
    Here's another way to look at this:
    The IOC has decided that a gold medal (which is gold played) must have at least 6 grams of gold and (I'm pretty sure) a silver core. So if your gold plated medal with a silver core weighs out at 8 oz you'd have 6 grams of gold which would be about $260 and 220 grams of silver which would be another $200 or so. I'd have no qualms about claiming that "fair market value" was $500.

    Now, if I sold it to someone.....whole different story.

  10. #20
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    Re: Should U.S. Olympians Have to Pay Taxes on Their Medals?

    Quote Originally Posted by NIMBY View Post
    So you're good with sky-rockeding deficits, since you don't believe in taxes.
    And the GOP was for cutting Defense until Mr. Obama agreed with them.
    Now they waqnt to pork-barrel Defense again, raising taxes.
    Against the Rand Paul coalition.
    Doing away with Taxes will take care of the Deficit that the GOP is all about, correct?
    What does this have to do with the thread topic?

    Oh, that's right. Nothing.

    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

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