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IRS Going For The Gold: Do Olympic Medal Winners Have to Pay Taxes on Their Winnings?

By Jamie Ribman on August 29, 2012
Posted in *BTW - Noteworthy, Money, Sports & The Outdoors

Justin Thyme is a member of the U.S. Olympic swim team and is returning from London with a gold medal in the 400 meter individual medley.  After 10 years of dedicated training, Thyme secured first place when he edged out the next closest finisher by a mere .0007 seconds.  After the medal ceremony, Thyme is…

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