Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Because a medal is not income you buffoon. If a gymnast receives a $5,000 gold medal, it is just a medal. It doesn't magically become "liquid". So how does that broke gymnast come up for the taxes on that medal? Or do you not understand such a basic concept?The dems aren't going to let a dollar slip by without taking their cut. It's what they do.
Income is still income
Even for athletes. If a cop, fireman or nurse pays taxes on what they earn, why shouldn't an athlete?
Because a medal is not income you buffoon. If a gymnast receives a $5,000 gold medal, it is just a medal. It doesn't magically become "liquid". So how does that broke gymnast come up for the taxes on that medal? Or do you not understand such a basic concept?Exactly.The dems aren't going to let a dollar slip by without taking their cut. It's what they do.
Income is still income
Even for athletes. If a cop, fireman or nurse pays taxes on what they earn, why shouldn't an athlete?
Take a breath. Read the OP again.Because a medal is not income you buffoon. If a gymnast receives a $5,000 gold medal, it is just a medal. It doesn't magically become "liquid". So how does that broke gymnast come up for the taxes on that medal? Or do you not understand such a basic concept?Exactly.The dems aren't going to let a dollar slip by without taking their cut. It's what they do.
Income is still income
Even for athletes. If a cop, fireman or nurse pays taxes on what they earn, why shouldn't an athlete?
The dems aren't going to let a dollar slip by without taking their cut. It's what they do.
Income is still income
Even for athletes. If a cop, fireman or nurse pays taxes on what they earn, why shouldn't an athlete?
If it's about seceding, it's because you've hi-jacked the thread. Go re-read the OP.How am I "deflecting" when seceding is exactly what this topic/thread is about and my post was in response to you talking about "dividing up the U.S.". Man alive are you liberals incapable of following along...If that's what you want to talk about, start a thread instead of deflecting from the topic of this one. Whining about a problem that could have been fixed years ago, if the Republican Congress wanted to, is disingenuous.It would be a political win-win if we could mutually agree with libtards to divide up the U.S. and go our separate ways. That way, you idiots could collapse your country as you'd like and turn it into to Cuba, while us conservatives could rebuild our nation in the the elite super-power that it once was.Why don't they try? Sounds like a political win-win. Apparently there are bills up for a vote, but this nothing new.obama sign off on a tax cut? Are you high?
My fault - I got this confused with another thread while I was replying. My apologies.If it's about seceding, it's because you've hi-jacked the thread. Go re-read the OP.How am I "deflecting" when seceding is exactly what this topic/thread is about and my post was in response to you talking about "dividing up the U.S.". Man alive are you liberals incapable of following along...If that's what you want to talk about, start a thread instead of deflecting from the topic of this one. Whining about a problem that could have been fixed years ago, if the Republican Congress wanted to, is disingenuous.It would be a political win-win if we could mutually agree with libtards to divide up the U.S. and go our separate ways. That way, you idiots could collapse your country as you'd like and turn it into to Cuba, while us conservatives could rebuild our nation in the the elite super-power that it once was.Why don't they try? Sounds like a political win-win. Apparently there are bills up for a vote, but this nothing new.obama sign off on a tax cut? Are you high?
Republicans created the IRS.
Democrats are the scuzz buckets of the earth..they even have to ruin a world good will games like the Olympics by demanding money at gun point if an athletes gets on the podium.
Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals
Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals
Tiare Dunlap 2016-08-16T15:40:00+00:00
For U.S. athletes, winning an Olympic medal comes with pride, glory – and a hefty tax bill.
According to TIME, Michael Phelps could leave Rio owing up to $55,000 in income taxes.
That's because the U.S. Olympic Committee awards prize money to Olympic athletes who medal at the Games – $25,000 for gold, $15,000 for silver and $10,000 for bronze.
These awards, like other prize money (from a lottery jackpot to a Nobel Prize to game show winnings) is taxable income in the eyes of the IRS.
this is why no one listens to Obama deranged rightwingnuts
it's the prize money that's taxed bubbalah....not the medals.
"Olympic athletes who bring home medals also bring home cash — $25,000 for gold, $15,000 for silver and $10,000 for bronze — paid for by the United States Olympic Committee. Like any prize winner, from a jackpot hitter to a Nobel Prize recipient, the athletes are taxed because Olympic medals and cash bonuses are considered income, said Steven Gill, associate professor of accounting at San Diego State University"
Uncle Sam goes for gold, too: Up to $9,900 per Olympic gold medal
this is how Olympic athletes earn money (this and sponsorships and endorsements). their income is taxed like your income is taxed.
now say..."oh... thanks. I didn't realize that" and back away from the computer.
Republicans created the IRS.
With regard to a Federal Income Tax
A growing number of Republicans also began supporting the idea, notably Theodore Roosevelt and the "Insurgent" Republicans (who would go on to form the Progressive Party). These Republicans were driven mainly by a fear of the increasingly large and sophisticated military forces of Japan, Britain and the European powers, their own imperial ambitions and the perceived need to defend American merchant ships. Moreover, these progressive Republicans were, as the name suggests, convinced that central governments could play a positive role in national economies.
Opposition to the Sixteenth Amendment was led by establishment Republicans because of their close ties to wealthy industrialists, although not even they were uniformly opposed to the general idea of a permanent income tax. In 1910, New York Governor Charles Evans Hughes, shortly before becoming a Supreme Court Justice, spoke out against the income tax amendment. While he supported the idea of a federal income tax, Hughes believed the words "from whatever source derived" in the proposed amendment implied that the federal government would have the power to tax state and municipal bonds. He believed this would excessively centralize governmental power and "would make it impossible for the state to keep any property".
The Democrats won both houses and the Presidency in 1912 and the country was generally in a left-leaning mood, with the Socialist Party winning a seat in the House in 1910 and polling six percent of the popular presidential vote in 1912. Three advocates for a federal income tax ran in the presidential election of 1912. On February 25, 1913, Secretary of State Philander Knox proclaimed that the amendment had been ratified by three-fourths of the states and so had become part of the Constitution. The Revenue Act of 1913 was enacted shortly thereafter.
Sixteenth Amendment to the United States Constitution - Wikipedia, the free encyclopedia
Democrats are the scuzz buckets of the earth..they even have to ruin a world good will games like the Olympics by demanding money at gun point if an athletes gets on the podium.
Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals
Michael Phelps Could Owe $55,000 in 'Victory Taxes' for His Rio Olympic Medals
Tiare Dunlap 2016-08-16T15:40:00+00:00
For U.S. athletes, winning an Olympic medal comes with pride, glory – and a hefty tax bill.
According to TIME, Michael Phelps could leave Rio owing up to $55,000 in income taxes.
That's because the U.S. Olympic Committee awards prize money to Olympic athletes who medal at the Games – $25,000 for gold, $15,000 for silver and $10,000 for bronze.
These awards, like other prize money (from a lottery jackpot to a Nobel Prize to game show winnings) is taxable income in the eyes of the IRS.
this is why no one listens to Obama deranged rightwingnuts
it's the prize money that's taxed bubbalah....not the medals.
"Olympic athletes who bring home medals also bring home cash — $25,000 for gold, $15,000 for silver and $10,000 for bronze — paid for by the United States Olympic Committee. Like any prize winner, from a jackpot hitter to a Nobel Prize recipient, the athletes are taxed because Olympic medals and cash bonuses are considered income, said Steven Gill, associate professor of accounting at San Diego State University"
Uncle Sam goes for gold, too: Up to $9,900 per Olympic gold medal
this is how Olympic athletes earn money (this and sponsorships and endorsements). their income is taxed like your income is taxed.
now say..."oh... thanks. I didn't realize that" and back away from the computer.
Uhm...you see why I hate democrats so much, if they can tax it they will, no damn rhyme or reason to tax athletes in the Olympics..
Why?
What for?
A kid bust his or her ass for years, gets to represent the U.S.A wins the damn thing and what thanks do they get?
Pay uncle obama a cut of your winnings , thanks for nothing
What a crock of shit
The dems aren't going to let a dollar slip by without taking their cut. It's what they do.
The OP has displayed his greed for stupidity.
The interest is accounted for at the time the president accumulates the debt you idiot.
Otherwise, Obama didn't inherit Bush's debt - Bush inherited all of the money Clinton put on the credit card (most of which was for personal use with those scum bags). See how stupid you sound right now?
Bwahahahahaha! How does it feel to be my bitch Nat? I love when the realization of just how stupid your posts are finally hit you like a hammer with my help. It takes one stupid mother fucker to think that the national debt is not fully accounted for at the time the debt is issued and that if you're going to claim that Obama inherited all of the debt from Bush, then Bush inherited all of his debt from Clinton. You stupid little bitch.The interest is accounted for at the time the president accumulates the debt you idiot.
Otherwise, Obama didn't inherit Bush's debt - Bush inherited all of the money Clinton put on the credit card (most of which was for personal use with those scum bags). See how stupid you sound right now?
Hey fuckhead......I'm not here solely to slap you around....you do that to yourself....
OK idiot......Ask ANYONE if GWB ever figured out where the money for Medicare Advantage was coming from? After you do that....Go take a nap.
You have to realize Bear - libtards believe it is "greed" if you don't give them everything you earned. I know - it's bat-shit crazy but that's how these idiots "think" (and I put that in quotes because with them - you have to use the term think very loosely).The OP has displayed his greed for stupidity.
My greed?
What the fuck you talking about sponge
And always want other people's money asshole
No it's your greed.
I hope they hide that money in a offshore account and wait for a republican president again.
You hit the nail on the head Syriusly.... Like you said - it is their money. They shouldn't have to hide it from liberals and they sure as hell shouldn't have so much of it taken away from them because greedy liberals don't want to pay their fair share.And why would a Republican President help them hide their tax money? Remember- those same taxes were due under Republican Presidents and Trump- whatever he is- has not said anything about rescuing poor Olympians from paying taxes.
