taxes

Here’s How Much Michael Phelps Might Have to Pay the IRS for Winning Olympic Medals

(ANTIMEDIA) ‘You didn’t win that‘ might as well be the U.S. government’s official congratulatory platitude to American Olympians who succeed in Rio this summer.
This year, the IRS will impose a nearly 40% “victory” tax on athletes who take home gold, silver, and bronze medals for the United States.

Video: #NewWorldNextWeek – Government Worried About Sharing Economy

Court rules cops can legally lie to pull people over and fish for criminal behavior; Uber is sharing more than just rides as the company's first transparency report shows 12 million users data was shared with the cops; And governments with offshore holdings are worried that others aren't sharing their offshore holdings.