QUICK LINKS:

Should medal winners have to pay taxes?

Created: 02/21/2014 6:18 AM WHEC.com

Team USA's success in Sochi has re-ignited a debate: should medal winners have to pay taxes on their earnings?

Bronze medals come with a $10,000 award from the U.S. Olympic Committee, silver medalists get $15,000 and $25,000 for gold.

The IRS says those awards count as earnings and are subject to thousands of dollars in taxes.

Several of this year's winners have already said they're more than willing to pay.



News10NBC/WHEC-TV welcomes your opinion and interaction on our website, but please remember to keep it clean. If you're advertising for another business, being profane, vulgar or slanderous your post will be deleted. By commenting on this website, you agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use. Comments are not pre-screened before they posted.



Flood Warning

NY AREAS AFFECTED: Erie; Wyoming
Expires: 11/25/2014 1:22 AM

Flood Warning

NY AREAS AFFECTED: Erie; Wyoming
Expires: 11/25/2014 4:32 AM

Flood Warning

NY AREAS AFFECTED: Erie; Genesee
Expires: 11/26/2014 1:00 AM

Flood Warning

NY AREAS AFFECTED: Cattaraugus; Chautauqua; Erie; Genesee; Wyoming
Expires: 11/24/2014 4:15 PM

High Wind Warning

NY AREAS AFFECTED: Genesee; Monroe; Niagara; Northern Erie; Orleans; Wyoming
Expires: 11/25/2014 12:00 AM

Wind Advisory

NY AREAS AFFECTED: Allegany; Cattaraugus; Livingston; Northern Cayuga; Ontario; Wayne
Expires: 11/25/2014 4:00 AM

Rochester

Broken Clouds
49°
52° | 34°
  • Feels like: 47° F
  • Wind: ESE 6mph
  • Humidity: 64%
  • Mon Windy with times of sun and clouds
    64° | 42°
  • Tue Mostly cloudy and windy
    42° | 35°
  • Wed Afternoon snow showers
    39° | 29°
  • Thu Snow showers
    37° | 24°