Olympic Gold Medals Have Almost Zero Gold In Them
derryb
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Did anyone really think they were a 1/2 kilo of .999 Gold? LOL
I'm surprised to hear this, 25 taxable K? I guess the winners do market themselves for endorsements so they end up doing ok I would think.
Gabby Douglas and Michael Phelps have already made millions from their success. Simone Biles is probably going to be the next millionaire olympian if she hasn't already got there. On top of being one of the most decorated gymnasts, she also has a great bio story for a book and Lifetime movie. Born to drug addicted parents, in and out of foster care and finally adopted by her grandparents where things turned around for her.
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6 grams gold over silver for the gold medals... Still winning one is very hard to do and takes years to prepare.......
Athletically speaking, I think it is an incredible accomplishment. To be the absolute undisputed best in the world at something has to be an incredible feeling. I respect and admire anyone who's ever won one.
and a bag of Doritos is really not a full bag, more like half a bag, no matter what size bag of them you buy.
You're getting the net weight indicated.
If they packed the bags full (without the extra air) the chips would get crushed into Dorito powder during shipping and handling.
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IMHO it's needs to be at least 51% gold or at least one ounce of gold.
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There have been two bills introduced in congress to make their cash awards tax free...neither have been passed. Would be a nice thing if they did that...Cheers, RickO
If they make my income tax free too, then I'm for it.
Hardly any gold, but each U.S. gold medalist receives $25,000 for their winning efforts - which, btw is fully taxable.
yes, the irs has its hand out when you get home. ( maybe for all i know as soon as you hit the locker room these days )
Hardly any gold, but each U.S. gold medalist receives $25,000 for their winning efforts - which, btw is fully taxable.
And to twist the knife they also get taxed on the value of the medal
Maybe a good thing that it contains very little gold.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
1900 Gold medal at Heritage auction
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