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Pay to Play for the U.S.A.?

Streeter Lecka, Getty Images

When a US athlete earns a gold medal – they get a very special gift from the government…in the
form of a tax bill of up to $9000.  That’s based on the $25,000 bonus each athlete receives from the US Olympic Committee-and depends on each athlete’s individual tax bracket.  Critics of the US tax policy say based on Michael Phelps 19 Olympic medals…he owes the government about $150,000 – for representing America!!  Now Senator Marco Rubio has introduced a bill waiving taxes of Olympic bonuses.

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