That’s only one half of the ledger. What about expenses? Many of these guys spent thousands of dollars training and preparing. Anyone who knows how to fill out a Sched C can easily reduce the tax liability to zero for most of them.
Excellent point.
You’re likely quite right.
CORRECT!.......................
Actually not as most have their travel and expenses paid.
The elite athletes pay nothing out of pocket for their training. Everything is covered, plus they receive a stipend.