What is the tax rate applicable to honorarium paid to Olympic medalists?
Does it sound right for the government to demand taxes from honorarium paid to athletes or solders in combat zone that actually are representing the country?
Here are the US tax rates for those who are unmarried:
1. $0 but not over $8,700 at 10%
2. $8,700 but not over $35,350 at 15%
3. $35,350 but not over $85,650 at 25%
4. $85,650 but not over $178,650 at 28%
5. $178,650 but not over $388,350 at 33%
6. Over $388,350 at 35%
Most are often taxed at about 35%, if you win one gold medal at the Olympics you will owe almost $9,000 once the IRS gets their cut. Which personally I think is bull as I do not think the U.S. pays for our Olympians training and all like a lot of other nations do and often the games are not in the U.S. so why should they get a cut at all?
by Evan G Rogers 7 years ago
Ron Paul is now in third place amongst polls throughout the UShttp://www.google.com/url?sa=t&sour … mp;cad=rjaYet, he has only been given, total, in all three debates, 18 minutes and 47 seconds to speak.Out of 6 hours of air time, Ron Paul has...
by GA Anderson 2 years ago
Much is heard of a demand that corporations and the wealthy pay their "fair share" of taxes, but I have heard little of what that share should be.With only a single restriction; that the discussion is about legal tax actions, what should that "fair share" be?One could say that...
by Susan Reid 6 years ago
Wow. 500,000 households making more than $100K per year and 7,000 millionaires paid no income tax in 2011.Do they consider themselves "victims" do we suppose?Are they lost causes who will never "take personal responsibility and care for their lives"Excerpt followed by...
by ptosis 12 months ago
More than 400 millionaires and billionaires asks Congress not to pass a bill that "further exacerbates inequality." It also says the tax bill should not add to the country's debt.Republicans are “saying we can’t afford to spend money, but we can afford to give rich people a huge tax...
by Alex J. Reissig 6 years ago
Would you support a flat 15% income tax?Would you support a flat 15% income tax in this country? Other than a personal deduction (possibly in the neighborhood of 25k per individual/50k per couple) there would be no deductions.
by ngureco 7 years ago
Can A Self Employed Person Collect Unemployment Benefits?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|