Just one more reason to abolish the IRS and completely re-do the American tax system. Winning a gold medal brings a $9,000 tax bill http://sports.yahoo.com/blogs/olymp...dal-brings-9-000-tax-bill-171555961--oly.html "Medalists will have to pay hefty taxes for standing on the podium in London." "The United States Olympic Committee rewards Olympic medalists with honorariums." "A gold medal brings $25,000. Silver medals get you $15,000. And a bronze is worth $10,000." "The Weekly Standard, a conservative news magazine, ran the numbers and tabulated that the tax bill on a gold is $8,986, silver is $5,385 and bronze is $3,500."