Dear Olympic Medalists, Thank You For Representing our Country in the Olympics, but It's Time to Pay Up!

Authors

• Dena Guttmann, Benjamin N. Cardozo School of Law

Abstract

The note argues that Olympic medalists should not be exempt from paying taxes on their cash prizes and that Senator Marco Rubio's proposed bill to eliminate taxes on these prizes should not be passed. The author contends that taxing Olympic cash prizes aligns with the principle of fairness in the U.S. tax system and that such exemptions would create inequities and loopholes. The analysis draws on comparisons with how other countries, such as Australia and Canada, tax Olympic prizes and emphasizes the importance of maintaining a uniform tax system.

Disciplines

Entertainment, Arts, and Sports Law | Law | Taxation-Transnational

Recommended Citation

Dena Guttmann, Dear Olympic Medalists, Thank You For Representing our Country in the Olympics, but It's Time to Pay Up!, 22 Cardozo J. Int'l & Comp. L. 85 (2013).
Available at: https://larc.cardozo.yu.edu/cjicl/vol22/iss1/6