In response to:

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

walt85 Wrote: Aug 26, 2012 12:56 AM
The U.S. tax system is indeed complicated and burdensome but, in addition it is an obcene, idiotic mess designed as it is by a community of self serving, greed driven elected politicians who have no sense of shame. The agency that is charged with enforcing it refuses to take responsibility for interpreting the collasal mess that it is. Our tax laws need to be rewritten and simplified, at least to the extent that someone with a four year college degree might make sense of them.

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...