Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

WH: Don't tax Olympians on medals
The Hill ^ | 02/13/2014 | Justin Sink

Posted on 02/15/2014 6:49:57 AM PST by Rusty0604

The White House said Thursday that President Obama still believes American Olympians shouldn’t 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 ...


TOPICS: Miscellaneous
KEYWORDS: blakefarenthold; florida; marcorubio; northcarolina; olympics; petesessions; russia; sochi; taxes; texas; walterjones
WH will find some way to blame Republicans.
1 posted on 02/15/2014 6:49:57 AM PST by Rusty0604
[ Post Reply | Private Reply | View Replies]

To: Rusty0604

Obama has a pen. He has a phone. Why doesn’t he just handle this?


2 posted on 02/15/2014 6:52:48 AM PST by ClearCase_guy
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy

3 posted on 02/15/2014 6:55:46 AM PST by Slyfox (We want our pre-existing HEALTH INSURANCE back!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: ClearCase_guy

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.


4 posted on 02/15/2014 6:56:23 AM PST by johniegrad
[ Post Reply | Private Reply | To 2 | View Replies]

To: Rusty0604

Who needs a bill in Congress — we have King Barry


5 posted on 02/15/2014 7:06:58 AM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rusty0604

Why do politicians think that young athletes compete in
the Olympics for the money? Such materialism.


6 posted on 02/15/2014 7:07:47 AM PST by Misterioso (Narcissism is the belief in nothing, masquerading as tolerance of everything. - Ayn Rand)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rusty0604

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?


7 posted on 02/15/2014 7:07:53 AM PST by napscoordinator ( Santorum-Bachmann 2016 for the future of the country!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rusty0604

What was the thrust of Rubio’s et al. bill?


8 posted on 02/15/2014 7:10:33 AM PST by Rudder
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rusty0604

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?


9 posted on 02/15/2014 7:11:35 AM PST by Red_Devil 232 ((VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!))
[ Post Reply | Private Reply | To 1 | View Replies]

To: napscoordinator

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?


10 posted on 02/15/2014 7:17:04 AM PST by Rusty0604
[ Post Reply | Private Reply | To 7 | View Replies]

To: Rusty0604
This is really a non-issue since the sad crop went sent to the Olympics this year seem incapable of actually winning any medals.

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.

11 posted on 02/15/2014 7:17:58 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rusty0604

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.


12 posted on 02/15/2014 7:18:43 AM PST by napscoordinator ( Santorum-Bachmann 2016 for the future of the country!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Rusty0604

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?


13 posted on 02/15/2014 7:19:40 AM PST by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
[ Post Reply | Private Reply | To 1 | View Replies]

To: napscoordinator

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.


14 posted on 02/15/2014 7:19:56 AM PST by sportutegrl
[ Post Reply | Private Reply | To 7 | View Replies]

To: Red_Devil 232
Oh, good God. What are you trying to do? Posing that question might do the equivalent of Austin Powers destroying the FemBots by planting a question in their computer brains that cause them to short-circuit...


15 posted on 02/15/2014 7:21:14 AM PST by rlmorel ("A nation, despicable by its weakness, forfeits even the privilege of being neutral." A. Hamilton)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Rusty0604

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...


16 posted on 02/15/2014 7:23:51 AM PST by DoodleDawg
[ Post Reply | Private Reply | To 1 | View Replies]

To: sportutegrl

Agree. If he ‘says it’ he gets credit for it. He would tax EVERYTHING if he could.


17 posted on 02/15/2014 7:26:00 AM PST by originalbuckeye ("A thing moderately good is not so good as it ought to be. Moderation in temper is always a virtue;)
[ Post Reply | Private Reply | To 14 | View Replies]

To: napscoordinator
"Why should they have to pay taxes on the medal? That is absurd."

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.

18 posted on 02/15/2014 7:27:01 AM PST by billorites (nichtarbeit macht frei)
[ Post Reply | Private Reply | To 7 | View Replies]

To: TexasFreeper2009; flaglady47; mickie; pax_et_bonum; Maine Mariner
I could barely watch the men's individuals in skating last night. In fact, I found myself clicking continually over to another channel which was showing an interesting program.

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".

Leni

19 posted on 02/15/2014 7:34:14 AM PST by MinuteGal
[ Post Reply | Private Reply | To 11 | View Replies]

To: Rusty0604

Not to worry, Obama’s team ain’t winning any medals anyway.

Pray America wakes up


20 posted on 02/15/2014 7:43:33 AM PST by bray (The Republic of Texas: www.braylog.com/id47.html)
[ Post Reply | Private Reply | To 1 | View Replies]

To: napscoordinator
"Why should they have to pay taxes on the medal?"

Like many others, they are successful and deserve to have "their" government punish them.

Where have you been for the last five years??

21 posted on 02/15/2014 7:46:54 AM PST by Paladin2
[ Post Reply | Private Reply | To 7 | View Replies]

To: TexasFreeper2009

This IS the face of America, I am sad to say. The clean-cut sharp looking American is no more.....or very rare anyway.


22 posted on 02/15/2014 7:49:10 AM PST by jch10 (John Beohner has got to be removed from the Speaker position.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Rusty0604
"Justin Sink "?

Is that Clintoon's moniker like "Carlos Danger"?

23 posted on 02/15/2014 7:53:33 AM PST by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy
Obama has a pen. He has a phone. Why doesn’t he just handle this?

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...

24 posted on 02/15/2014 7:53:40 AM PST by Rodamala
[ Post Reply | Private Reply | To 2 | View Replies]

To: billorites
I'm sick of the tax code being used to pick and choose favorites. That is truly absurd.

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.

25 posted on 02/15/2014 7:54:32 AM PST by Leaning Right (Why am I holding this lantern? I am looking for the next Reagan.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: ClearCase_guy
Of all the athletes, the gold metal winners are the 1%. Is not that how Obama classifies people? Also, they did not earn the metals on there own. Without public facilities, roads, and teachers they would not be where they were today. Why are they putting them on pedestals? Is not this the Obama view? Finally, would it be more equal if the gold metals were actually brass? The savings could be used to buy all the other athletes copper metals. There is too large of gap in metals between athletes. Who does that sound like? In my mind the Olympics represent are very teachable moment for conservatives to point out the liberals view of the world.
26 posted on 02/15/2014 7:57:05 AM PST by alternatives?
[ Post Reply | Private Reply | To 2 | View Replies]

To: Rusty0604

Pass a no tax on medals law coupled with an amendment that repeals Obamacare.


27 posted on 02/15/2014 8:45:36 AM PST by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy
If I read the piece right, the athletes are paying taxes on the cash prizes that come with the medals, not the medals themselves. It wouldn't bother me if this income got exempted for Olympians but it doesn't bother me one bit that they have to pay income taxes on this prize money just like anyone else who wins some lesser award.

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.

28 posted on 02/15/2014 9:15:28 AM PST by CommerceComet (Ignore the GOP-e. Cruz to victory in 2016.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Rusty0604
OBAMA'S WORLD


29 posted on 02/15/2014 9:35:47 AM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

> 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.

Thanks Rusty0604.


30 posted on 02/15/2014 10:40:22 AM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
[ Post Reply | Private Reply | View Replies]

To: Rusty0604

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.

sarc


31 posted on 02/15/2014 10:42:08 AM PST by DPMD
[ Post Reply | Private Reply | To 1 | View Replies]

To: napscoordinator
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 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)?

32 posted on 02/15/2014 10:51:50 AM PST by COBOL2Java (I'm a Christian, pro-life, pro-gun, Reaganite. The GOP hates me. Why should I vote for them?)
[ Post Reply | Private Reply | To 7 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson