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America’s Olympic Athletes Should Be Taxed on Their Winnings (but Not by the IRS)

Scrap Iron in Texas Wrote: Aug 04, 2012 12:12 PM
Its obvious you have never even SEEN the Fair tax bill. Its less than 140 pages. Please learn about the Fair Tax. The only thing it does is make the embedded taxes you now pay transparent. PLUS you only have to pay them once.

My friends at Americans for Tax Reform have received a bunch of attention for a new report entitled “Win Olympic Gold, Pay the IRS.”

In this clever document, they reveal that athletes could face a tax bill – to those wonderful folks at the IRS – of nearly $9,000 thanks to America’s unfriendly worldwide tax system.

The topic is even getting attention overseas. Here’s an excerpt from a BBC report.

US medal-winning athletes at the Olympics have to pay tax on...