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Should medal winners have to pay taxes?

Posted at: 02/21/2014 6:18 AM



Team USA's success in Sochi has re-ignited a debate: should medal winners have to pay taxes on their earnings?

Bronze medals come with a $10,000 award from the U.S. Olympic Committee, silver medalists get $15,000 and $25,000 for gold.

The IRS says those awards count as earnings and are subject to thousands of dollars in taxes.

Several of this year's winners have already said they're more than willing to pay.