Olympians, Lawmakers Push Back On Taxing Medal Prize Money

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Sen. Chuck Schumer (D-NY) at the podium speaking about his campaign against Olympic medal taxes in Lake Placid, New York. (Brian Mann/NCPR)
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Americans will be watching tonight as hundreds of U.S. athletes in Rio take part in the opening ceremony of the Summer Olympics.

It turns out the IRS will be watching, too.

Prize money won by American Olympic athletes is taxed just like any other income. And as Brian Mann from Here & Now contributor North Country Public Radio reports, there’s a push to change that.

Read more on this story via North Country Public Radio.

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Brian Mann, Adirondack bureau chief for North Country Public Radio. He tweets @BrianMannADK.

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