So Much for American Pride – the IRS and the Olympics
First, do Olympians get paid? I bet you didn’t know that they receive $25K for gold medals, $15K for silver and $10K for bronze. Forget that whole American pride thing. The IRS wants the taxes paid on their winnings! …and it doesn’t stop there. Kiplinger’s resident tax expert Sandra Block writes about other items you might never know is taxed.
Here were some interesting ones:
- Buried Treasure
- Stolen Property
- Proceeds from Fantasy Sports
To read about the remaining surprising items, go to the article – Olympic Victories and 8 Other Surprising Things That Are Taxable