Quote Originally Posted by Two Seven One View Post
They pay tax on the value of the materials. The gold medals are mostly silver so they pay tax on the value of the materials used to make them, a bit shy of $600. If you can find a valid source that they are paying taxes based on pure gold value please share. They also pay tax on money awarded from the the US Olympic Committee where a gold medalist is given $25,000, $15,000 for silver and $10,000 for bronze.
No I wasn't sure I just knew they payed taxes but that makes sense thanks