Aug 13, 2012

And Then People Complain the Tax Code Is Overly Complicated....

Ed Gamble, 8/12/12:
The only Olympians likely to need to pay any taxes on any of their prize money are those already receiving multi-millions in endorsements, since the rest can write off nearly all the costs for their athletic training and equipment -- and they're all amateurs, meaning their direct income from athletic pursuits is miniscule.

And so of course the government wants to find ways to reduce taxes on millionaires -- that's about the only thing the government has been doing for the last few years.

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