Gold Medal Tax Insanity
08/09/2012 | | Bad policy, deficit, Lost tax revenue, olympic tax free earnings olympic, olympic tax revenue, senator rubio
A bill supported by Obama and introduced by Senator Rubio exempting Olympians from paying taxes on their prize winnings, is emblematic of all that ails Washington! These folks don’t deserve special treatment! Our taxes must rise to make up the lost revenue or else we must borrow more from the Chinese. Moreover, it encourages folks to become Olympic athletes. Is there a crying shortage of dressage-riders and synchronized-swimmers?