Page 1 of 6 12 ... LastLast
Results 1 to 15 of 80
  1. #1
    5000+
    Join Date
    Jul 2007
    Location
    USA, Minnesota
    Posts
    5,999

    Default Lol, Olympians taxed for their medals.

    Frumpy Lump's rage
    Quote Originally Posted by Silverhandorder View Post
    He said consumers make jobs appear. Let him explain how that happens.
    Quote Originally Posted by Death's Chill View Post
    I've done shit you probably would faint from even thinking
    Quote Originally Posted by Death's Chill View Post
    At least I get to fuck.
    http://www.twitch.tv/makestro

  2. #2
    8000+
    Join Date
    Jan 2009
    Location
    Nebraska
    Posts
    8,076

    Default

    End the fed.

  3. #3
    7000+
    Join Date
    Aug 2009
    Location
    Montréal, Québec
    Posts
    7,375

    Default

    Quote Originally Posted by Makestro View Post
    actually, no. A gold medal was thought out to be worth 1~1.5 million a few olympics back. (What they bring in commercials, sponsors etc.) it's normal that they pay for it in a form.

    Join us on Twitch or on our forums!

  4. #4

    Default

    Quote Originally Posted by Ragnarok Delrhe View Post
    actually, no. A gold medal was thought out to be worth 1~1.5 million a few olympics back. (What they bring in commercials, sponsors etc.) it's normal that they pay for it in a form.
    oh stfu, not every medal winner is assured of vast fortunes. Taxing them for the medal they win for dedicated their life to something for their country is retarded.
    Quote Originally Posted by Nevron View Post
    I play Halo and I'm autistic.

  5. #5

    Default

    OH NO lNCOME TAX!!111
    Last edited by Emolas; 08-02-2012 at 01:56.

  6. #6
    11,000+ Death's Chill's Avatar
    Join Date
    Nov 2006
    Location
    Canada
    Posts
    11,215

    Default

    Wait, a GOLD place medal only has a prize of $25,000? I would of thought it to be at least 10 times that.

    But whatever. Taxes are nothing new, this isn't surprising. Disgusting, yes, but not surprising.


    Yummy.

  7. #7
    5000+
    Join Date
    Jul 2007
    Location
    USA, Minnesota
    Posts
    5,999

    Default

    Quote Originally Posted by Death's Chill View Post
    Wait, a GOLD place medal only has a prize of $25,000? I would of thought it to be at least 10 times that.

    But whatever. Taxes are nothing new, this isn't surprising. Disgusting, yes, but not surprising.
    I'm not pointing out the prize money being taxed fyi....
    Frumpy Lump's rage
    Quote Originally Posted by Silverhandorder View Post
    He said consumers make jobs appear. Let him explain how that happens.
    Quote Originally Posted by Death's Chill View Post
    I've done shit you probably would faint from even thinking
    Quote Originally Posted by Death's Chill View Post
    At least I get to fuck.
    http://www.twitch.tv/makestro

  8. #8

    Default

    just like professional athletes are taxed on their income, so should the olympians

    the medals are created from precious metals, which are a commodity and should be taxed

    you may not know this... but olympians are actually normal people, and should be held to the same standards as other hard working citizens

  9. #9
    2000+ Long term follower
    Join Date
    Oct 2003
    Location
    PA
    Posts
    2,425

    Default

    Quote Originally Posted by Greatdane View Post
    just like professional athletes are taxed on their income, so should the olympians

    the medals are created from precious metals, which are a commodity and should be taxed

    you may not know this... but olympians are actually normal people, and should be held to the same standards as other hard working citizens
    Without the taxes they are paying America is going to go broke :<

    Also, there is nothing normal about Michael Phelps. He eats more in a day than my whole family.
    Sennheiser - Assist - Thage
    O.o
    EV

  10. #10

    Default

    http://www.zerohedge.com/news/auster...tains-134-gold

    As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter - almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and... 1.34 percent gold, with IOC rules specifying that it must contain 550 grams of high-quality silver and a whopping 6 grams of gold. The resulting medallion is worth about $500. For the silver medal, the gold is replaced with more copper, for a $260 bill of materials. The bronze medal is 97 percent copper, 2.5 percent zinc and 0.5 percent tin. Valued at about $3, you might be able to trade one for a bag of chips in Olympic park if you skip the fish.

  11. #11
    11,000+ Death's Chill's Avatar
    Join Date
    Nov 2006
    Location
    Canada
    Posts
    11,215

    Default

    Quote Originally Posted by Makestro View Post
    I'm not pointing out the prize money being taxed fyi....
    Yes, I know, but the medal itself being taxed is not surprising. It's a prize. Prizes are taxed. If you go on a game show and win a BWM you'll still owe thousands in fucking taxes on it even though it was a prize. It's ludicrous but not shocking.


    Yummy.

  12. #12
    3000+
    Join Date
    Sep 2008
    Location
    Dallas, TX
    Posts
    3,740

    Default

    I have to pay taxes on everything I earn and win, why should they get a free ride?

  13. #13
    11,000+ Death's Chill's Avatar
    Join Date
    Nov 2006
    Location
    Canada
    Posts
    11,215

    Default

    It's not just the Olympic athlete winners that should, but everyone. This just highlights how absurd it is.

    You can't even win something without forking over labored effort.


    Yummy.

  14. #14

    Default

    Let's make the biggest and most obvious tax loophole ever then.

  15. #15
    PvP Specialist
    5000+
    KoKane's Avatar
    Join Date
    Dec 2006
    Location
    Ireland
    Posts
    8,710

    Default

    Quote Originally Posted by Rachsucht View Post
    I have to pay taxes on everything I earn and win, why should they get a free ride?
    Thats hardly a free ride. Heavy competition once every 4 years and you might not even get a medal at all.
    Reforged
    Guard Tower fixes/updates

    I removed 2 suggestions from my sig because one was implemented and the other was addressed.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •