Monday, October 10, 2016

Your good news of the day: Congress passes and the President signs a law relieving tax on Olympic medals

The IRS will now be prohibited from taxing most medals or other prizes awarded to U.S. Olympians.
The U.S. Olympic Committee awards cash prizes to medalists, ranging from $25,000 for gold to $10,000 for bronze. The money has been considered earned income, thus making it subject to what some lawmakers have called the “victory tax.”
Starve the leviathan government every way possible.


  1. It means that we need to borrow more money from the Chinese...

  2. Nobel peace prizes still taxable?