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Just when I thought I'd heard every made up and manufactured controversy, we get this tripe...courtesy of the Olympics.
Any athlete needing to pay taxes on medals will have it all paid by their sponsors anyway. Medal winners are going to make out like fat rats. Stop crying on behalf of them when they aren't crying themselves.
Agreed. This is one of the most disingenuous faux-outrages I've seen in a while.
In the US, it seems Olympic athletes are taxed. The tax may even be worth more than the cost of medals. The funny thing is, other countries pay a lot of money for athletes to compete at such high levels, whereas our athletes are punished.
Agreed. This is one of the most disingenuous faux-outrages I've seen in a while.
The set-up for the controversy is that OBAMA is the first president to tax Olympic athletes...they thought that argument would gain traction. As stupid as Americans tend to be, I'm surprised that it didn't. So for once, i'll give my fellow citizens an applause.
Quote:
Originally Posted by transatlantic
Professional athletes who compete in the Olympics (well, to being with, they shouldn't) should pay tax. Amateur athletes shouldn't. Most of these sports don't have any professional outlets and participants lose money for years trying to qualify.
There really are no amateurs in the Olympics. They're all paid by their sponsors.
Just when I thought I'd heard every made up and manufactured controversy, we get this tripe...courtesy of the Olympics.
Any athlete needing to pay taxes on medals will have it all paid by their sponsors anyway. Medal winners are going to make out like fat rats. Stop crying on behalf of them when they aren't crying themselves.
well said.
Quote:
Originally Posted by Finn_Jarber
Athletes like Phelps can bring in two hundred thousand dollars from the games, so of course it is taxed. Why should it not be?
very true. and unless the law has been changed recently, you can make up to $26,000 outside the US before you have to pay US taxes.
Quote:
Originally Posted by desertdetroiter
The set-up for the controversy is that OBAMA is the first president to tax Olympic athletes...they thought that argument would gain traction. As stupid as Americans tend to be, I'm surprised that it didn't. So for once, i'll give my fellow citizens an applause.
yep, it was a nice try, but in the end a failure.
Quote:
There really are no amateurs in the Olympics. They're all paid by their sponsors.
and in other countries, they are in government service and get paid by the countries government to train for athletic events. this is why the US olympic committee decided in 1990(?) to eliminate the restriction on professional athletes competing for US teams in the olympics.
very true. and unless the law has been changed recently, you can make up to $26,000 outside the US before you have to pay US taxes.
yep, it was a nice try, but in the end a failure.
and in other countries, they are in government service and get paid by the countries government to train for athletic events. this is why the US olympic committee decided in 1990(?) to eliminate the restriction on professional athletes competing for US teams in the olympics.
I see them as amateurs in the US, or so I've always thought.
How many amateurs do they have in the US basketball team?
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