I just wanted to throw this out there due to what I’ve seen from how little the US pays our Olympians.

There were 126 USA medals won at this year’s Olympics of which 40 were gold, 44 were silver, and 42 were bronze. Those medals were divided amongst 257 individual medalists. For ease of math, we will assume we give every individual medalist the same amount of money. If we took $90,000,000 and split it amongst our medalists. Every medalist would receive $350,000. Then say you tax them 10% of that, cause there’s no way the IRS would let that slide, and take that pool of taxes, about $90 million, and put it towards training centers, teams, etc.

You might be wondering, where might we find $90,000,000 just laying around? Here’s just 2 ideas of where to get it.

As of June 30 people have donated over $400 million to the presidential campaigns.

Over the pandemic years, 2020-2022, it was reported that the federal government spent around 3.3 billion dollars on furniture. This averages to $1.1 billion per year. We can all agree is absurd. I did some rough math on diverting a little over 8% of this to the olympians, which come out to around the $90 million mentioned before.

  • KeeamsmarrOPB
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    2 months ago

    I should have specified, since it is a bonus earned for the country it should be made exempt from the normal taxes and any taxes from it would pay for all the teams expenses