However, this is tax-free. According to American tax law, the Olympic bonus is taxable income, and the taxable amount is determined according to the overall income of athletes, but the highest tax amount will be deducted from the bonus. That is to say, NBA stars whose net worth exceeds10 million dollars among American men's basketball players will be listed as the highest tax item of gold medal bonus of 25,000 dollars after winning the gold medal, and they need to pay personal income tax of nearly 9,900 dollars.
Although American swimming superstar michael phelps, whose annual income is as high as $55 million, will also be subject to the highest tax, his teammate Haas, who won the 4x200m relay championship with him, is only 19 years old. At present, we can't accept any sponsorship, and only pay personal income tax at the lowest tax rate 10%.
In addition, because medals are taxable items, athletes need to pay taxes of $236 for gold medals, $0/35 for silver medals and $2 for bronze medals. In other words, under these two taxes, the gold medal winners in the United States earned only $65,438+$0.480 from the Olympic Games, and the silver medal and bronze medal were even lower.