Sunday, December 21st, 2014

Olympians will owe $9,000 in taxes on their medals?

Will the tax man come for a bite of the Olympic medals?
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.