U.s. Athletes owe irs $8,986 per gold medal...!!!!

[American Caesar]

I have never followed Nascar and am relatively new at the NFL (ah ah you lack SA, should get a look at the NFL threads) but even I know what Al Davis said, I know also what he did...

And he did just that...

Now making me look like a fool would be explaining me how being paid to train, is not being a professional athlete...

Wow you've been following the NFL for a whole 5 minutes and know nothing about NASCAR. Ok then.

EDIT: Ah I see you have over 12000 posts here. I guess that makes you the smartest man in the universe.
You just keep thinking that Al Davis came up with that quote.

[KoTeMoRe]

Put. MORE. Smileys.

The Davis quote was just sarcasm...maybe I should have put some smileys.

[Ozzy[NO]]

The real problem is British tax-laws. Price-money won in Britain is taxed, in Britian, and depending on your own countries tax-laws you might end up being taxed twice. However during the Olympics the athletes get a tax-break, but don't expect to see Usain Bolt competing in Britain ever again(unless they arrange Olympics or World Champhionship)

[Corrupt]

The real problem is British tax-laws. Price-money won in Britain is taxed, in Britian, and depending on your own countries tax-laws you might end up being taxed twice. However during the Olympics the athletes get a tax-break, but don't expect to see Usain Bolt competing in Britain ever again(unless they arrange Olympics or World Champhionship)

http://www.bbc.co.uk/news/magazine-19101429

With the Olympics taking place in London, the UK would, in theory, be entitled to claim tax on prize money paid to visiting athletes. But, as is standard practice for many international sporting events, it put in place a number of tax exemptions for competitors in the Olympics - including on any prize money.
That means that only athletes from countries with a worldwide tax system on individual income are liable for tax on their medals.

I don't see the problem. If you're earning in Britain you should be taxed in Britain. However for events like the Olympics, you're tax exempt.

[Universals]

I didn't know IRS was competing in the Olympics. lulz

[Ozzy[NO]]

I don't see the problem. If you're earning in Britain you should be taxed in Britain. However for events like the Olympics, you're tax exempt.

Did you actually read the last part of my post?

In theory it's a good idea, you earn money in Britain, you pay taxes there. But in reality it hurts Britain's chances of having international tournaments of any kind. How this is a problem is rather obvious when they have to give tax-breaks to the athletes in order to get the Olympics to Britain.

[FlintHillBilly]

Gold in best Korea brings you refrigerator. Gold in best America brings you IRS.

[Ozzy[NO]]

Gold in best Korea brings you refrigerator. Gold in best America brings you IRS.

I'm not sure I wanna know what kind of "prices" not winning for best Korea brings.

[Corrupt]

But in reality it hurts Britain's chances of having international tournaments of any kind.

He says as we host the sodding Olympics?

[Ozzy[NO]]

He says as we host the sodding Olympics?

Read my entire post.

Here, I'll help you, since it's apperantly very difficult seeing as you've done this twice in a row now;

"How this[British tax-laws] is a problem is rather obvious when they have to give tax-breaks to the athletes in order to get the Olympics to Britain."

[Kit]

I don't think the athletes got to the Olympics all by themselves.

It's true. Ask Best Korean Weightlifter Kim Un Guk who won gold.
"I won first place because the shining supreme commander Kim Jong Un gave me power and courage"

He didn't lift that.

[FlintHillBilly]

I don't think the athletes got to the Olympics all by themselves.

It's true. Ask Best Korean Weightlifter Kim Un Guk who won gold.
"I won first place because the shining supreme commander Kim Jong Un gave me power and courage"

He didn't lift that.

Quoted for the lulz.

[Corrupt]

"How this[British tax-laws] is a problem is rather obvious when they have to give tax-breaks to the athletes in order to get the Olympics to Britain."

If you earn money in Britain, you're liable for tax in Britain, for obvious reasons. That applies whether you're Usain Bolt, Michael Jackson, or Small Business Inc. Certain earnings (eg those during the Olympics) are tax exempt. It's not a "problem" in any way, shape, or form.

[Ozzy[NO]]

If you earn money in Britain, you're liable for tax in Britain, for obvious reasons. That applies whether you're Usain Bolt, Michael Jackson, or Small Business Inc. Certain earnings (eg those during the Olympics) are tax exempt. It's not a "problem" in any way, shape, or form.

If British tax-laws wasn't a problem the athletes during the Olympics wouldn't need tax-breaks, right? It's rather obvious that this is a problem, since the British are giving tax-breaks to athletes. We're talking about price-money, not earnings from a concert or a proper business, so Micheal Jackson and Small Business Inc. is not relevant.

[Corrupt]

If British tax-laws wasn't a problem the athletes during the Olympics wouldn't need tax-breaks, right?

Yes. A standard practice of expempting international sporting exents from tax indicated a fundamental flaw in our taxation system