U.S. Olympians Earnings & Taxes From London 2012 Games [Infographic]
As the United States Olympic team heads back from a very successful showing in the 2012 London Olympics the IRS is eagerly awaiting their return. U.S athletes are responsible for paying income tax on any winnings that they had overseas and some tax law precedence also says that they must pay taxes on the actual value of the medals they received.
For the 2012 London […]