In response to:

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

Yrral Wrote: Aug 04, 2012 2:47 PM
They DID NOT GET THERE ON THEIR OWN!!! Some one made their shoes, shirts, food, drawers and on and on!!! Pay-up you greedy gifted!!! Be fair to the rest of us!!! We should outlaw pride because not everyone can run the 440 or high jump! We MUST be fair.

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...