In response to:

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

Yrral Wrote: Aug 04, 2012 2:50 PM
Did bamma-man pay taxes on his piece prize? What did he get a piece of, besides my children's future. Did he pay up?
mollymmo Wrote: Aug 04, 2012 6:44 PM
Don't know, not likely. Anyone who would accept such an award, for NOTHING may I say, surely would try to get out of paying any taxes. Of course any organization that would award this PRIZE for nothing, is suspect. I thought it was a respected group who decided the winner; who were these brainless people anyway?

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...