Even Broke California Joins Tax-Free Olympics Movement
- Sunday, August 12, 2012, 2:01
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The Olympics are ending, but the tax story won?t. U.S. Olympians get $25,000 for gold, $15,000 for silver, and $10,000 for bronze, and it should not be a surprise that it’s taxable. A bill introduced by Sen. Marco Rubio (R-Fla.), S. 3471, the Olympic Tax Elimination Act, would eliminate the tax. President Obama supports it and White House Press Secretary Jay Carney said the President would sign it.
http://www.forbes.com/sites/robertwood/2012/08/11/even-broke-california-joins-tax-free-olympics-movement/
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