See this article from last week in Accounting Today by Michael Cohn – a bill has been introduced in the Senate to not tax Olympic Medals won or the cash prize that goes along with them. Here is the article:
http://www.accountingtoday.com/news/marco-rubio-senate-olmpics-medals-taxes-irs-63483-1.html
Sounds good to me – these athletes get enough grief as it is.
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