Olympians will owe $9,000 in taxes on their medals?
By Louis Jacobson
Published on Wednesday, August 1st, 2012 at 7:18 p.m.
Related rulings:
"U.S. Olympic medal winners will owe up to $9,000 to the IRS."
Americans For Tax Reform, Tuesday, July 31st, 2012.
Ruling: Mostly False | Details
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Will the tax man come for a bite of the Olympic medals?
With Americans paying close attention to the London Olympics, two leading figures in the conservative movement -- Grover Norquist and Marco Rubio -- have launched an effort to lighten the tax burden for athletes who win medals.
A July 31, 2012, blog post on the website of Norquist’s group, Americans for Tax Reform, had the headline, "Win Olympic Gold, Pay the IRS: U.S. Olympic medal winners will owe up to $9,000 to the IRS."
We fact-checked the claim and concluded it was Mostly False. Read our fact-check for our complete analysis.
Sources:
See fact-check for complete sources.
Researchers: Louis Jacobson
Names in this article: Americans For Tax Reform, Marco Rubio
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