how much money do you get for winning gold medal
Hand over the gold: Olympic medal winners taxed up to 39.6 PER CENT on cash bonuses, plus the value of the precious metals around their necks! The White House doesn't like it, and neither does a prominent Senate Republican, but Olympic athletes who win medals in Sochi will have to pay federal income taxes on their cash bonuses. The U.S. Olympic Committee awards $25,000 for each gold medal, $15,000 for silver and $10,000 for bronze. But top athletes who are in the top income tax bracket , 39.6 per cent, will have to fork over as much as $9,900 of a gold medal payout.