Uncle Sam goes for gold, too: Up to $9,900 per Olympic gold medal
Michael Phelps swims fast, but not fast enough to beat Uncle Sam, who awaits him at the finish line each time he wins a medal. His total income tax bill for the 2016 Games?
Up to about $55,000 for his five golds and one silver.
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…
Source: Uncle Sam goes for gold, too: Up to $9,900 per Olympic gold medal