Yes Olympians, The Taxman Is Coming For You


It’s not often I repeat myself, but considering I discussed this topic in my last podcast, I guess it’s only half repeating. You may listen to it here.

But this one just irks me – the fact that our government is so hard up for money it has to tax our Olympic medalists. Oh sure – there is a way to avoid paying the tax. Just compete, but make sure you don’t medal. Come in fourth – or last.

I guess in a way you could call it an optional tax – like a sales tax. If you don’t wish to pay the tax, don’t purchase the item.

I’m actually a big advocate of the sales tax, in lieu of others. It really is the only optional tax – assuming you are like the rest of us and in fact not immortal, thereby able to forgo the death tax. Other than that, our government has seen to it that everyone pays up.

But what bureaucratic brainiac consciously made the decision to tax our Olympic athletes? Was it some 98 pound chicken-necked little worm in the back room of a DC office who may have been slighted by a jock in high school?

It has been dubbed the “victory tax” and is said to be opposed by Congress. But I guess it’s not opposed by enough of them, for there is presently a bill waiting to be passed that has yet to be. Maybe with a little more publicity it may gain some traction, but I doubt it. It’s much easier to pass a bill adding to the already bloated coffers of government then to pass one which could help our athletes who train their whole lives for chance to represent OUR country.

And it’s not as if they win a king’s ransom by taking home the gold. They get $25,000 per gold medal – $15,000 for silver and $10,000 for bronze. That’s it.

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