Several U.S. congressmen are driving the motion of an "Olympic tax exemption law, require congressional legislation for U.S. players access to the London Olympic medals and prize money tax-free, this motion is to get bipartisan support of more and more Members, and today the The motion was one of the most critical supporters - U.S. President Barack Obama.
 
White House spokesman Carney said at a regular press conference on the 6th, Obama supports the bill, Congress passed the bill and sent on his desktop, he will sign to become a formal bill.
 
"The president believes that we should support a similar bill that you mentioned efforts to ensure that we can do our best to respect and support those who are willing to represent our country in the Olympic athletes." Carney in response to media questions the case said.
 
According to reports, the United States Olympic Committee will give the gold medalist bonus of $ 25,000, the silver medalist can get a $ 15,000 prize, the bronze medalist of $ 10,000, but in accordance with the current U.S. tax law, the Olympic prize money must pay 35% tax .
 
Based on projections, all U.S. Olympic medal winner must pay accounts for about one third of the bonus tax, including gold medalist will take about pay nearly $ 9,000 in taxes, the silver medalist required to pay a tax of about $ 5300, the bronze medalist required to pay tax of about $ 3,500. Which won four gold medals and two silver medals Phelps will owe the U.S. Internal Revenue Service about $ 47,000 Olympic bonus tax, says U.S. media, which is the largest ever single Olympic bonus tax.
 
According to another report, the U.S. players get medals at cost price to pay tax. In accordance with the Medals converted the actual price, the London Olympic Games gold and silver medals were valued at $ 675 and $ 385, while the bronze worth only $ 5.
 
Last week, Florida Senator Mark Rubio and Illinois Congressman Aaron Shaoke jointly submitted to the tax-free "Olympic law" motion in both houses of Congress, asked Congress legislation for U.S. players access to the London Olympic medals and prize money tax-free . Rubio said in a statement: "on behalf of our Olympic athletes participating in the overseas back home, should not worry about an additional tax alone waiting for them."
 
According to U.S. media reports, the lawmakers to promote the above-mentioned duty-free range of motion does not cover the companies to give up to multi-million dollar sponsorship of the outstanding athletes in the United States.
 
Although supporters of the bill is more and more by chance, but because the U.S. Congress will recess on August 9 will be resumed until the first week in September, is still unclear whether there is enough time House and Senate both passed a bill and sent Obama signed into law.



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