taxation

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.