- Joined
- Oct 12, 2005
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- Libertarian - Right
Well, the gift are the years of housing, nutrition and attention to your athletic condition generally. The money is most aptly described as a prize and the IRC specifically defines that as income.
This isn't the first time I disagree with the IRS. and a lot of olympic athletes don't get any public support. I didn't make the 80 or 88 teams but I came damn close and no one but me and my family paid for my training though Perazzi and Winchester did sponsor me. My best friend won two olympic gold medals. He was in the USAF during the 1980 boycott but he made the 76 and 84 teams with no public support