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?
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?
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.
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.
Like many others, they are successful and deserve to have "their" government punish them.
Where have you been for the last five years??
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)?