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Go for the Gold! (Pay the IRS.) [16 y/o Gold medalist owes taxes for medal]
Weekly Standard ^
| August 1, 2012
| JONATHAN V. LAST
Posted on 08/01/2012 2:30:10 PM PDT by NYer
click here to read article
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1
posted on
08/01/2012 2:30:20 PM PDT
by
NYer
To: All
swimmer Missy Franklinwho's a high school studentis already on the hook for almost $14,000.
Missy Franklin
2
posted on
08/01/2012 2:32:00 PM PDT
by
NYer
(Without justice, what else is the State but a great band of robbers? - St. Augustine)
To: NYer
They did not earn that. Somebody else made that happen. Did they drive on public roads? Gimme!
3
posted on
08/01/2012 2:33:32 PM PDT
by
Mikey_1962
(Obama: The Affirmative Action President.)
To: NYer
<0bama>They didn't win those medals. Somebody else made it happen.</0bama>
4
posted on
08/01/2012 2:34:21 PM PDT
by
Slings and Arrows
(You can't have IngSoc without an Emmanuel Goldstein.)
To: Mikey_1962
5
posted on
08/01/2012 2:35:31 PM PDT
by
Slings and Arrows
(You can't have IngSoc without an Emmanuel Goldstein.)
To: NYer
No wonder Michael Phelps wasn’t as prepared as he should have been, he didn’t want to win too many golds.
6
posted on
08/01/2012 2:39:35 PM PDT
by
Jonty30
(What Islam and secularism have in common is that they are both death cults.)
To: Mikey_1962
7
posted on
08/01/2012 2:39:55 PM PDT
by
NYer
(Without justice, what else is the State but a great band of robbers? - St. Augustine)
To: NYer
If it were me, I would give the irs the medal and claim whatever value they set on it against future taxes. Let them put it in the bank and write checks on it.
8
posted on
08/01/2012 2:46:46 PM PDT
by
RobinOfKingston
(The instinct toward liberalism is located in the part of the brain called the rectal lobe.)
To: Mikey_1962
Somebody else made that happen. The rest of us paid for those pools these athletes trained and competed in. We were responsible for filling up the pools with water. Regularly, we tested the water, added little chlorine tablets... the swimmers didn't do it. We did!
9
posted on
08/01/2012 2:52:24 PM PDT
by
C210N
("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
To: NYer
There are no special rules for Olympic medalists.
If this is the only money the kids earn, their income tax will be much lower than the highest marginal tax rates stated in the article.
It wouldn't kill us to have Olympics medal income exempted from income tax, or at least offset by training expenses bourne by the athlete or family.
10
posted on
08/01/2012 3:06:00 PM PDT
by
kenavi
(Obama doesn't hate private equity. He wants to be it with our money.)
To: NYer
Is MooseChelle still over there?
Where is she when white people do good?
To: kenavi
If this is the only money the kids earn, their income tax will be much lower than the highest marginal tax rates stated in the article. But that dampens a perfectly good rant.
(Though they shouldn't even have to declare it as income.)
12
posted on
08/01/2012 3:19:35 PM PDT
by
Graybeard58
(Free people, when presented only with evil choices, create other choices.(EternalVigilance))
To: NYer
This is such a lie. It is popularly going around. The ‘money’ one gets for the so called win goes straight to the USOC aqnd does not go to the winner. This kind of delusional crap has got to stop
13
posted on
08/01/2012 3:21:51 PM PDT
by
Nifster
To: nascarnation
14
posted on
08/01/2012 3:24:18 PM PDT
by
NYer
(Without justice, what else is the State but a great band of robbers? - St. Augustine)
To: NYer
Timothy Geithner will be standing there with his hand out for $8,986.Will he be entering that in his Turbo Tax?
15
posted on
08/01/2012 3:27:45 PM PDT
by
TangoLimaSierra
(To the left the truth looks like Right-Wing extremism.)
To: kenavi
“It wouldn’t kill us to have Olympics medal income exempted from income tax, or at least offset by training expenses bourne by the athlete or family.”
Republicans should announce the “Olympic Medal Exemption Law” which exempts olympic medal winners from taxes.
Let Harry Reid kill it in committee.
16
posted on
08/01/2012 3:34:00 PM PDT
by
EQAndyBuzz
(ABO 2012)
To: NYer
It was most likely a democrat who thought of taxing Olympic medals. I’m curious, how did they conclude that competing in the Olympics was a source of income and a medal qualifies as income? It probably happened under Clinton since he also signed the double taxation of income for social security. In their own little corrupt world a democrat can skew anything.p>
To: kenavi
or at least offset by training expenses bourne by the athlete or family.
It is expensive. My 9 year old granddaughter is only a level 5, her two outfits this year cost $450 one for practice and one for competition. Her training is now running around $400 a month. Next year when she moves up to a higher level the cost will go up.
18
posted on
08/01/2012 3:41:09 PM PDT
by
R. Scott
(Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
To: Mikey_1962
They probably swam in public pools.
To: C210N
I would love to see an ad with a little girl at a lemonade stand. Then flash to Elizabeth Warren says: you built a business good for you but we built the roads! Girl's lower lip sticks out. The a tall thin black man in a white dress shirt seen from behind says: “ you didn't build that, somebody else made that happen.”
Girl begins to cry.
20
posted on
08/01/2012 3:59:33 PM PDT
by
Mikey_1962
(Obama: The Affirmative Action President.)
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