POLL: Should Olympians Have To Pay Taxes On Their Medals? - Spokane, North Idaho News & Weather KHQ.com

  • Should US Olympians Have To Pay Taxes On Their Winnings In The Winter Games?

  • Thank you for participating in our poll. Here are the results so far:

    Yes
    26%
    170 votes
    No
    71%
    450 votes
    No Opinion
    3%
    16 votes
  • POLL: Should Olympians Have To Pay Taxes On Their Medals?

POLL: Should Olympians Have To Pay Taxes On Their Medals?

Posted: Updated:
The success of US Olympians in the Winter Games has re-ignited a debate:  Should they have to pay taxes on their monetary earnings in Sochi? The success of US Olympians in the Winter Games has re-ignited a debate: Should they have to pay taxes on their monetary earnings in Sochi?
Norwich, VT - The success of US Olympians in the Winter Games has re-ignited a debate:  Should they have to pay taxes on their monetary earnings in Sochi?

Olympian Hannah Kearney is back home in Vermont from Sochi with a bronze medal in Moguls Skiing to go with her gold from Vancouver, and that means she'll have to pay the IRS.

"Taxes are kind of American; not my favorite part of being an American," Kearney told NBC.

Bronze medals come with a $10,000 award from the US Olympic Committee. Silver medalists get $15,000 and gold medals get $25,000. 

And to Uncle Sam, those winnings are earnings; subject to potentially thousands in taxes.

"We get no government funding for our Olympic team and so it seems like sort of a slap in the face to have to pay taxes for doing our best," Kearney said.

A Republican from Texas in the U.S. House has proposed exempting American medalists from paying taxes on their Olympic earnings. A similar proposal emerged in the Senate around the time of the 2012 Summer Games, and President Obama even signaled support. But that idea never even made it to a vote.

Senator Bernie Sanders of Vermont tells us he's a big fan of the many Olympic athletes from his state. But says he's far less focused on their tax bills than he is on major national topics like raising the federal minimum wage.

Kearney says she was incredibly proud to represent the US in Sochi, so she'll do what her country expects of her. Even if that means paying up.
  • Most Popular StoriesMost Popular StoriesMore>>

  • BACK TO SCHOOL: See where your school ranks in performance

    BACK TO SCHOOL: See where your school ranks in performance

    Wednesday, August 27 2014 10:53 PM EDT2014-08-28 02:53:53 GMT
    SPOKANE, Wash. - Two schools in the Spokane area received top rankings based on a new assessment, according to the Washington Policy Center. Using assessments based on a study by the Washington State Board of Education, the Washington Policy Center ranked schools on an "A to F-" scale, with 14 percent of schools in in and around Spokane finishing with A's or B's.>>
    SPOKANE, Wash. - Two schools in the Spokane area received top rankings based on a new assessment, according to the Washington Policy Center. Using assessments based on a study by the Washington State Board of Education, the Washington Policy Center ranked schools on an "A to F-" scale, with 14 percent of schools in in and around Spokane finishing with A's or B's.>>
  • Throwback Thursday! Look At 'Sunshine Shelly' Through The Years!

    Throwback Thursday! Look At 'Sunshine Shelly' Through The Years!

    Thursday, March 20 2014 1:04 PM EDT2014-03-20 17:04:11 GMT
    KHQ.COM - It's throwback Thursday! Here is a slideshow we would like to share of Shelly Monahan through the years! For those of you who have been in Spokane for many years, and saw her through her "Sunshine Shelly" days, you will probably remember the Shelly from back in those days. Enjoy!>>
    KHQ.COM - It's throwback Thursday! Here is a slideshow we would like to share of Shelly Monahan through the years! For those of you who have been in Spokane for many years, and saw her through her "Sunshine Shelly" days, you will probably remember the Shelly from back in those days. Enjoy!>>
  • Dog shot and killed by deputy in Spokane Valley

    Dog shot and killed by deputy in Spokane Valley

    Wednesday, August 27 2014 11:02 PM EDT2014-08-28 03:02:40 GMT
    SPOKANE VALLEY, Wash. - A Spokane County deputy shot and killed a dog Wednesday afternoon in Spokane Valley after he said the dog attacked him.>>
    SPOKANE VALLEY, Wash. - A Spokane County deputy shot and killed a dog Wednesday afternoon in Spokane Valley after he said the dog attacked him. The Sheriff's Office told KHQ the deputy was trying to return property to the home near Sprague and Henry. INSIDE>>>|RAW INTERVIEW from the dog's owner|>>
  • Top Stories from KHQTop StoriesMore>>

  • Cause determined in Eloika Lake brush fire

    Cause determined in Eloika Lake brush fire

    Thursday, August 28 2014 2:40 AM EDT2014-08-28 06:40:38 GMT
    DEER PARK, Wash. - Firefighters from multiple agencies are responded to a brush fire north of Deer Park near Eloika Lake on Wednesday.>>
    DEER PARK, Wash. - Firefighters from multiple agencies are responded to a brush fire north of Deer Park near Eloika Lake on Wednesday. A Fire Captain with Spokane County Fire District #4 told KHQ as of 6:00pm, the fire is about 20 acres in size and crews were trying to get a line around the wind driven fire. Structures have burned, though firefighters don't know exactly how many.>>
  • Dog shot and killed by deputy in Spokane Valley

    Dog shot and killed by deputy in Spokane Valley

    Wednesday, August 27 2014 11:02 PM EDT2014-08-28 03:02:40 GMT
    SPOKANE VALLEY, Wash. - A Spokane County deputy shot and killed a dog Wednesday afternoon in Spokane Valley after he said the dog attacked him.>>
    SPOKANE VALLEY, Wash. - A Spokane County deputy shot and killed a dog Wednesday afternoon in Spokane Valley after he said the dog attacked him. The Sheriff's Office told KHQ the deputy was trying to return property to the home near Sprague and Henry. INSIDE>>>|RAW INTERVIEW from the dog's owner|>>