Olympic Champions Face Income Taxes for Winning

Welcome back everybody was that old saying three things in life -- your taxes -- and drop that's OK well. Same holds true for Olympic athletes at emissary really fascinating almost what you see when... See More

Welcome back everybody was that old saying three things in life -- your taxes -- and drop that's OK well. Same holds true for Olympic athletes at emissary really fascinating almost what you see when -- -- -- and all that even. It is all of taxable they all -- to the -- -- -- -- their nature are getting tax bills as well they get tax only on the work of their mettle but on the. They get if they win. You do for each -- -- get 25 grand for gold 151000 this over 101000 dollars. Off for bronze and they all face the top income tax rate of 35%. Under US law a gold medal worth about 675. So we're about 385 -- were under five to others which is valid. But get this American gold medal winners -- -- the -- up to 9000 bucks silver medal winners have to pay about 5400 bucks bronze the 3500. Dollars ABC it was my. Paychecks all the medals and money they win depending on you know what level middle big and. Athletes don't have to pay that because the US is apparently the only country that bit. Makes you pay taxes on any income you earn overseas that is best in me I never literally -- -- to -- Other ready that was taxable so fat Uncle -- is. Come on and you should be some sort of exclusion. Back into the ground save the money. Well LA talk about the Olympics LA is warning city workers to stop watching the Olympics. On the city computers because it's going to court this computer meltdown because so many workers. Are watching the Olympics we know that NBC's she TV games you don't live -- line. And it taxes highly valuable bandwidth. Computers and they say look -- aren't paying city workers to watch the Olympics on their computers look at it out. Cutting out people are -- this is I've met in March Madness you know right now whom I am. You know exactly exactly. Now also -- -- long music yardstick sale is going to start in Michigan -- who -- it starts. Thursday and it runs through Sunday along US 127. So it's billed as the world's longest yard sales and attract bargain hunters across. Parts of six states along 690. Miles this weekend the northern end of the yard sale starts -- Addison Michigan and the southern and point. His guests in Alabama I -- -- and Arsenault -- survey -- -- reported -- may get a hundred miles. I thought that's incredible to also incredible story out of can't just -- a couple arrested Sunday night a man and a woman barely went into the Wal-Mart. Its goals so much -- like -- are to get. In the Wal-Mart story bed his elevated -- -- the coal act within sexually fondled each other and -- shoplift. Several items and other charges that his most. In your news -- wall clean -- what I always feeling you don't want our six.