Looking at the tax figures, it appears that the IRS is levying a tax in excess of 33% on the winning athletes. The “winnings” are less than $30,000 per medal ($25,000 for gold) and the athlete spent more than a year EARNING that medal by working at their field of endeavor. The “tax” should not be considered in the same category as “winnings” from gambling or being a contestant on “The Price Is Right” or “Wheel of Fortune” (which are regularly 33%) but rather as EARNED INCOME. After this rate in taxes (and expenses), an athlete would be at poverty level!
Just more evidence that the Left want to tax everything for THEIR own use — you know, like for GSA “conferences” (and bonuses) or “loans” to Solyndra and bailouts for unions in return for kickbacks and votes.

Olympians have a record of all expenses, hours spent in practice and competing, gas mileage to and from lessons, competitions, medical treatment expenses, etc. The expenses far surpass the monetary/medals compensation, Perhaps voters need a reminder of who, when, and the greedy why the idea was submitted and why in the world, any congressman/woman voted for the taxation. The same stupidity occurred with “The Death Tax.” Perhaps a morality test, and an IQ test should be given to all candidates from the President, down the line through Congress, etc before acceptance to run for office.