Skip to comments.WH: Don't tax Olympians on medals
Posted on 02/15/2014 6:49:57 AM PST by Rusty0604
The White House said Thursday that President Obama still believes American Olympians shouldnt have to pay income taxes on the medals they win.
But a bill by Sen. Marco Rubio (R-Fla.) never moved in the Senate. Three Republican lawmakers Reps. Blake Farenthold (R-Texas), Walter Jones (R-N.C.) and Pete Sessions (R-Texas) proposed a bill similar to Rubio's before this year's games, but it has also failed to gain traction.
(Excerpt) Read more at thehill.com ...
Obama has a pen. He has a phone. Why doesn’t he just handle this?
Because he doesn’t want it to be anymore than a wedge issue that can be driven between him and his political opponents. It was anything more than that, he would simply make it up as he went along and everyone would praise him for his wisdom.
Who needs a bill in Congress — we have King Barry
Why do politicians think that young athletes compete in
the Olympics for the money? Such materialism.
I can’t believe this, but I actually agree with the President on this. Why should they have to pay taxes on the medal? That is absurd. I would imagine most just save it forever and pass it along. What a dumb rule. I wonder who thought this up?
What was the thrust of Rubio’s et al. bill?
So Zero, will you include my wife’s bonus not being taxed, for her working hard and being rewarded by her company for her exceptional work?
They get cash along with the medal. But do you remember the guy that caught a baseball at a game and was forced to sell it because he couldn’t pay the taxes the IRS demanded he pay on it immediately?
By the way .... is anyone else seriously embarrassed by our athletes in general this Olympics? I don't mean just because they are losing, I mean ... they are mostly an embarrassment with their dyed hair, tattoos, piercing, sloppy clothes and poor personal hygiene, not to even mention the rumors of them “hooking up” all over the place.
I am MORTIFIED that THIS is the image we are presenting to the world.
I didn’t know they received cash. It is tragic to have to sell the medal to pay for the taxes. What a crock. We’re talking a very small percentage of Americans who compete in the Olympics and then an even less amount who win.
Well, you can’t just tax the hell out of a bunch of sponsored, pampered libtards calling for the UN to take charge and erase Global Warming, can you?
Obama ‘says’ popular stuff like this and ‘people should be allowed to unlock their cell phones’, but he has no intention of doing anything about it.
So where were they in 2012 when we were taxing the medal winners from London? Or in 2010 when we were taxing the medal winners from Vancouver? Or 2008 when we were taxing the medal winners from Beijing? Or in 2006 when we were taxing the medal winners from Turin? Or in 2004...
Agree. If he ‘says it’ he gets credit for it. He would tax EVERYTHING if he could.
They should have to because I have to. I get taxed on every cent I earn working abroad every year and at the highest marginal rate.
If I have to pay tax on my income then the ice dancers and snowboarders should.
I'm sick of the tax code being used to pick and choose favorites. That is truly absurd.
ALL the skaters stunk, no stamina, no grace, no fluidity, no creativity at all, just posturing and fluttering arms, stumbling and falling...and worst of all, consistently terrible music.
The quadruple is the new god...an entire routine is measured by it...it's a freakish, gymnastic stunt and has little if anything to do with true figure skating.
To paraphrase Hamlet...."to quadruple or not to quadruple, that is the only question".
Not to worry, Obama’s team ain’t winning any medals anyway.
Pray America wakes up
Like many others, they are successful and deserve to have "their" government punish them.
Where have you been for the last five years??
This IS the face of America, I am sad to say. The clean-cut sharp looking American is no more.....or very rare anyway.
Is that Clintoon's moniker like "Carlos Danger"?
If he does without a bill, that's it... I am not going to show income on my 2013 1040 for dividends or capital gains...
Bingo! Either tax all awards, or tax none of them. Suppose my employer loves my work so much that he gives me a $20,000 painting. If I have to pay a tax, so should the Olympians.
Pass a no tax on medals law coupled with an amendment that repeals Obamacare.
Didn't Obama have to pay income taxes on the cash award associated with the Noble Prize that he didn't earn? At least, Obama could argue that it was a gift and that he had done nothing to earn it so it couldn't be recognized as compensation.
> a bill by Sen. Marco Rubio (R-Fla.) never moved in the Senate. Three Republican lawmakers Reps. Blake Farenthold (R-Texas), Walter Jones (R-N.C.) and Pete Sessions (R-Texas) proposed a bill similar to Rubio’s before this year’s games, but it has also failed to gain traction.
Instead of taxing the medals, tax the athletes on the transportation, room and board, and health care given them free of charge while on Team USA. That’ll help pay for not taxing the medals. And audit anyone who tries to reduce their tax exposure.
I think you're missing the point. Is it the President's job to legislate? Where in the Constitution does it say he can change laws (notwithstanding what the other two branches are letting him get away with)?
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