Eyewitness News on Demand February 11, 2012
KSL Classifieds

Tax on Medals

Aug. 17, 2000

Thirty days to opening ceremonies for the 2000 Summer Olympics right here on KSL-5.

Of course, the Olympic spirit does have it's limits. Listen to this...

If you win a gold, silver or a bronze medal in Sydney, you have to pay for it!

The Australian government plans a tax-- up to a 48 percent tax-- on any international athlete who earns cash bonuses from their National Olympic Committees for winning gold, silver or bronze medals.


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