Hello There, Guest! (LoginRegister)

Post Reply 
Gold medals are taxed by IRS
Author Message
gobaseline Offline
Hall of Famer
*

Posts: 11,866
Joined: Jun 2006
Reputation: 68
I Root For:
Location:
Post: #1
Gold medals are taxed by IRS
http://msn.foxsports.com/olympics/story/...xes-080212

I am sure there are all sorts of "takes" on this fact. To me, it epitomizes the problem we have with the desire to feed government spending and our tax system.
08-02-2012 11:18 AM
Find all posts by this user Quote this message in a reply

wmubroncopilot Online
Heisman
*

Posts: 5,379
Joined: Aug 2008
Reputation: 65
I Root For: WMU
Location: Anchorage, AK
Post: #2
RE: Gold medals are taxed by IRS
I don't really see the problem, those are earnings like anything else
08-02-2012 01:24 PM
Find all posts by this user Quote this message in a reply
Hiller4Hyz09 Offline
Bronco Addict
*

Posts: 12,181
Joined: May 2008
Reputation: 158
I Root For: WMU
Location:
Post: #3
RE: Gold medals are taxed by IRS
They are more legitimate earnings than some.
08-02-2012 01:53 PM
Find all posts by this user Quote this message in a reply

gobaseline Offline
Hall of Famer
*

Posts: 11,866
Joined: Jun 2006
Reputation: 68
I Root For:
Location:
Post: #4
RE: Gold medals are taxed by IRS
(08-02-2012 01:24 PM)wmubroncopilot Wrote:  I don't really see the problem, those are earnings like anything else

Not referring to the earnings but the gold medals themselves.

Rep the country, win the gold and Uncle Sam taxes you on your trophy.
Yup, makes sense.

Oh, it's not a huge deal in and of itself, just symptomatic of the larger issue. Tax the dead, tax your earnings a 2nd time, etc. to feed government excessive spending.
08-02-2012 02:34 PM
Find all posts by this user Quote this message in a reply
EA3 Offline
Heisman
*

Posts: 7,982
Joined: Dec 2011
Reputation: 134
I Root For: WMU
Location: Kalamazoo
Post: #5
RE: Gold medals are taxed by IRS
(08-02-2012 02:34 PM)gobaseline Wrote:  
(08-02-2012 01:24 PM)wmubroncopilot Wrote:  I don't really see the problem, those are earnings like anything else

Not referring to the earnings but the gold medals themselves.

Rep the country, win the gold and Uncle Sam taxes you on your trophy.
Yup, makes sense.

Oh, it's not a huge deal in and of itself, just symptomatic of the larger issue. Tax the dead, tax your earnings a 2nd time, etc. to feed government excessive spending.


Yeah, that's not cool. Especially when the athletes rarely sell the medals. They are essentially getting taxed on something that will be sitting in a safe or safety deposit box.
08-02-2012 02:43 PM
Find all posts by this user Quote this message in a reply

MileHighBronco Offline
Hall of Famer
*

Posts: 22,228
Joined: Mar 2005
Reputation: 183
I Root For: Broncos
Location: Forgotten Time Zone
Post: #6
RE: Gold medals are taxed by IRS
I read that this year, the gold medals don't have nearly as much gold in them as in previous games.
08-02-2012 03:13 PM
Find all posts by this user Quote this message in a reply
Hiller4Hyz09 Offline
Bronco Addict
*

Posts: 12,181
Joined: May 2008
Reputation: 158
I Root For: WMU
Location:
Post: #7
RE: Gold medals are taxed by IRS
(08-02-2012 03:13 PM)MileHighBronco Wrote:  I read that this year, the gold medals don't have nearly as much gold in them as in previous games.

Probably why BroncoPhilly stopped training.
08-02-2012 03:22 PM
Find all posts by this user Quote this message in a reply

gobaseline Offline
Hall of Famer
*

Posts: 11,866
Joined: Jun 2006
Reputation: 68
I Root For:
Location:
Post: #8
RE: Gold medals are taxed by IRS
(08-02-2012 03:22 PM)Hiller4Hyz09 Wrote:  
(08-02-2012 03:13 PM)MileHighBronco Wrote:  I read that this year, the gold medals don't have nearly as much gold in them as in previous games.

Probably why BroncoPhilly stopped training.

03-lmfao touche'
08-02-2012 08:56 PM
Find all posts by this user Quote this message in a reply
Dirty Ernie Offline
Heisman
*

Posts: 5,677
Joined: Feb 2007
Reputation: 80
I Root For: WMU
Location: Paw Paw
Post: #9
RE: Gold medals are taxed by IRS
He was really funny with that BUY GOLD thing all the time.
08-02-2012 09:24 PM
Find all posts by this user Quote this message in a reply

MileHighBronco Offline
Hall of Famer
*

Posts: 22,228
Joined: Mar 2005
Reputation: 183
I Root For: Broncos
Location: Forgotten Time Zone
Post: #10
RE: Gold medals are taxed by IRS
(08-02-2012 03:22 PM)Hiller4Hyz09 Wrote:  
(08-02-2012 03:13 PM)MileHighBronco Wrote:  I read that this year, the gold medals don't have nearly as much gold in them as in previous games.

Probably why BroncoPhilly stopped training.

Either that or BP cornered the Gold market and has his own Ft. Knox.
08-03-2012 11:49 AM
Find all posts by this user Quote this message in a reply
bronconick Offline
Hockey Nut
*

Posts: 8,201
Joined: Apr 2007
Reputation: 137
I Root For: WMU/FSU
Location:
Post: #11
RE: Gold medals are taxed by IRS
(08-02-2012 09:24 PM)Dirty Ernie Wrote:  He was really funny with that BUY GOLD thing all the time.

But he never bought any brown, so now we're stuck with giant arguments about uniform color. What a jerk.
08-03-2012 12:21 PM
Find all posts by this user Quote this message in a reply
Hiller4Hyz09 Offline
Bronco Addict
*

Posts: 12,181
Joined: May 2008
Reputation: 158
I Root For: WMU
Location:
Post: #12
RE: Gold medals are taxed by IRS
(08-03-2012 12:21 PM)bronconick Wrote:  
(08-02-2012 09:24 PM)Dirty Ernie Wrote:  He was really funny with that BUY GOLD thing all the time.

But he never bought any brown, so now we're stuck with giant arguments about uniform color. What a jerk.

Rimshot
08-03-2012 08:22 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2019 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2019 MyBB Group.