WH says Obama would sign bill to give Olympic athletes a tax break.

[No Elephants]

Please someone tell me this is not true.

White House says Obama would sign a bill to give Olympic athletes a tax break

Several members of Congress have introduced bills to give award-winning Olympic athletes a break on paying taxes for the medals they win -- and President Barack Obama is a big fan.

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If the bill were to pass, Carney said, he'd sign it. According to news reports, Olympians who win medals receive $25,000 for gold, $15,000 for silver and $10,000 for bronze from the U.S. Olympic Committee.

A gold medal winner will pay the IRS up to $8,986, according to Americans for Tax Reform, whose analysis caught lawmakers' attention. Silver medal winners face a tax of up to $5,385, and bronze medal winners face a tax of up to $3,502, the group says.

Read more here: http://blogs.mcclatchydc.com/washington/2012/08/white-house-says-obama-would-sign-a-bill-to-give-olympic-athletes-a-tax-break.html#storylink=cpy



From a DU thread started on August 3, 2012 by No Elephants and entitled "Our world seems to have endless shiny objects that distract us."

Quick! Anyone know what color the belt was? Or exactly how wide it was? Or if it was similar to Michele's in any ways beside width?

Oh, never mind. I just heard Olympic athletes has to (GASP) pay income taxes on income, just like the President, members of Congress, members of the military and everyone else in the country.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=2486231&mesg_id=2486231

"O, my prophetic soul!" Hamlet, Act I, Scene 5, William Shakespeare

Little did I know, though, that would distract even the POTUS. Maybe wide belt or $600 jacket legislation is next?

Anyone have an emoticon depicting "final straw?"