The United States government taxing our Olympics champions for winning?
Sounds like a joke, but it is true!
The IRS considers winning Olympic gold, silver, or bronze the same as winning in a casino?! So it taxes our champions based on the scrap value of the metal.
We do have bipartisonship to overturn the IRS regulations on this, however. Senators Chuck Schumer (D, NY) and Marco Rubio (R, Fl) are both opposed to this policy.
Read more here: U.S. Olympic Medalists Must Pay ‘Victory’ Tax | MONEY