“Slaves of the Taxman.”
This is reason #10,215 for calling D.C. the District of Criminals.
The left wants their piece of this pie. They don’t care where it was earned. Nor national pride in these hard working Olympians. They just want their pie.
Couldn’t athletes then deduct their training expenses, special diets as a business expense?
These newly rich olympians should be taxed at 100% of their “earnings” from the games. Being olympic games, they were gambling that their government sponsored training would enable them to overcome the abilities of the other and less fortunate nation athletes. These American ‘athletes’, obviously used government provided resources to train and those did not do anything themselves in order to ‘win’ their victories. Their ‘victories’ belong to the government, because we all know “you didn’t make it yourself, but made it because others made it possible.’ Barrack O’bamama.
Sarc off.
The EXPENSES of this year should be deducted from any winnings, making this a year of possible LOSSES-—which then should be carried forward for up to 10 years.......
Question: Do individuals who are United States citizens pay taxes on their Nobel Prize money?