Should Olympic champions get taxed on their winnings? Sound off!

London 2012 Olympic gold medal

Florida Senator Marco Rubio takes a swipe at President Obama. Why? He doesn’t think it is fair that U.S. Olympic medal winners have to pay taxes on their prizes. Olympians receive cash payments with their medals…they earn $25,000 for gold, $15,000 for silver and $10,000 for bronze. Then the IRS collects taxes on their winnings. Senator Rubio says our tax code punishes success.

Check out Senator Rubio’s Tweet:

Senator Rubio is not only Tweeting…he is also introducing a bill to eliminate taxes on Olympic prize money won by U.S. athletes.

So what do you think? Should Olympic champions get taxed on their winnings? Post your thoughts below!

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