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Index »
Regional/Local »
Europe »
London 2012 Olympics
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Page: Previous 1, 2, 3, 4, 5, 6, 7, 8 |
mzpro5
Location: Budda'spet, Hungry Gender:
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Posted:
Aug 2, 2012 - 6:39am |
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JrzyTmata wrote: wouldn't that tax depend on the athlete's other income combined? I doubt they pay much tax in the end.
The International Olympic Committee does not hand out cash prizes but a number of countries do.. The US Olympic Committee awards US medal winners cash prizes. Currently that money is taxed. But Republican Senator Marco Rubio wants that to end. Just thought we should be up to speed with all the facts if we are going to discuss this.
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lily34
Location: GTFO Gender:
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Posted:
Aug 2, 2012 - 6:36am |
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steeler wrote:
One can accept income through, for example, subsidies for training, prize money, and commercials, etc, and still compete in the Olympics.
ok. thanks.
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hippiechick
Location: topsy turvy land Gender:
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Posted:
Aug 2, 2012 - 6:35am |
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JrzyTmata wrote: wouldn't that tax depend on the athlete's other income combined? I doubt they pay much tax in the end.
Of course other deductions would adjust the tax rate, just like how you pay taxes. It's income.
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steeler
Location: Perched on the precipice of the cauldron of truth
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Posted:
Aug 2, 2012 - 6:33am |
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lily34 wrote:so does this make them "professional" athletes if they're paid? or is this a stupid question One can accept income through, for example, subsidies for training, prize money, and commercials, etc, and still compete in the Olympics.
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JrzyTmata
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Posted:
Aug 2, 2012 - 6:32am |
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hippiechick wrote:A little fact you probably didn't know: The Olympians also receive cash prizes which are taxed by the gov:
Gold medalists: $25,000 Tax: $8,896 Silver medalists: $15,000 Tax: $5,385 Bronze medalists: $10,000 Tax: $3,500
wouldn't that tax depend on the athlete's other income combined? I doubt they pay much tax in the end.
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hippiechick
Location: topsy turvy land Gender:
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Posted:
Aug 2, 2012 - 6:32am |
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lily34 wrote:so does this make them "professional" athletes if they're paid? or is this a stupid question Yes it does. In order to keep the teams competitive it was necessary to change the rules.
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lily34
Location: GTFO Gender:
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Posted:
Aug 2, 2012 - 6:30am |
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kysmet wrote: I heard that this morning. It's lame. They should get a pass on that money, imo.
so does this make them "professional" athletes if they're paid? or is this a stupid question
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hippiechick
Location: topsy turvy land Gender:
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Posted:
Aug 2, 2012 - 6:29am |
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kysmet wrote: I heard that this morning. It's lame. They should get a pass on that money, imo.
The American Olympics team is a private org that receives no $$$$ from the gov. They are like any other "employee" or athlete.
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K_Love
Gender:
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Posted:
Aug 2, 2012 - 6:22am |
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hippiechick wrote:A little fact you probably didn't know: The Olympians also receive cash prizes which are taxed by the gov:
Gold medalists: $25,000 Tax: $8,896 Silver medalists: $15,000 Tax: $5,385 Bronze medalists: $10,000 Tax: $3,500
I heard that this morning. It's lame. They should get a pass on that money, imo.
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hippiechick
Location: topsy turvy land Gender:
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Posted:
Aug 2, 2012 - 5:21am |
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A little fact you probably didn't know: The Olympians also receive cash prizes which are taxed by the gov:
Gold medalists: $25,000 Tax: $8,896 Silver medalists: $15,000 Tax: $5,385 Bronze medalists: $10,000 Tax: $3,500
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samiyam
Location: Moving North
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Posted:
Jul 25, 2012 - 12:09pm |
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Let The Games Begin!
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Zep
Location: Funkytown
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Posted:
Nov 25, 2010 - 5:31am |
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beamends wrote:.... Coe and his mates should personally visit every homeless person and explain to them why a lot of people running round being watched by all-expenses-paid-have-another-free-drink people with no interest in athletics (but a keen interest in ladies beach volley ball for some reason) are more important that their having a roof over their head. The Olympics should be based permanently in, or near, Olympia to stop this stupidity once and for all. Rant over There won't be any homeless persons to visit — they'll all be swept well clear of London by the start of the games. And given that London has been an inviting terror target, the security for this will be unprecedented.
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beamends
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Posted:
Nov 25, 2010 - 3:12am |
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MrsHobieJoe wrote: London-centric events such as this are of no interest and completely unaffordable anyway.It's just a feeding-frenzy for the 'corporates' and their flunkies. If I did go I can't get my favourite soft drink, I'd have to pay on a brand of credit card I don't use (no cash in most places apparently), and there's nowhere to park the car. Always a complete waste of time and money, in the current financial climate is verging on unforgivable. Coe and his mates should personally visit every homeless person and explain to them why a lot of people running round being watched by all-expenses-paid-have-another-free-drink people with no interest in athletics (but a keen interest in ladies beach volley ball for some reason) are more important that their having a roof over their head. The Olympics should be based permanently in, or near, Olympia to stop this stupidity once and for all. Rant over
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geordiezimmerman
Gender:
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Posted:
Nov 25, 2010 - 1:41am |
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NoEnzLefttoSplit wrote:Isn't this illegal? Against the law of contract or something? I mean imagine only one person dared to buy a ticket under this scheme, then that one person would be charged the full bill for the olympic games... I think it's there way of trying to get full houses at even the earliest stages, rounds 1and 2 etc as most Olympics you see half empty stadiums for say the early rounds of the 100 metres but often at the same time you could have the heptathlon going on which doesn't have heats and I suppose the athletes could feel somewhat deflated or it's less of a spectacle when you see top athletes performing in front of a few thousand people in a stadium that holds maybe 80,000? I'm just going to apply for the later stages of the track and fields, maybe third or fourth last day as all the heats are over then pretty much and all the events are just finals. Thing is, the chnaces of geting one of those tickets is slim because you can guarantee there will be the corporate tickets of which there will be thousands and the all the freebies that get handed out to famous people, family and friends of the athletes, left fighting for scraps really. I love the Olympics but not really interested in seeing Sailing, or rowing, or shooting or archery or badminton or gymnastics or Horse Jumping or table tennis. I'd maybe go and watch the swimming, never seen swimming live, not sure how good that would be. I'd just like to be in the Olympic stadium for one day to see some athletics, that's it.
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BlueHeronDruid
Location: Заебани сме луѓе
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Posted:
Nov 25, 2010 - 1:18am |
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NoEnzLefttoSplit wrote:Isn't this illegal? Against the law of contract or something? I mean imagine only one person dared to buy a ticket under this scheme, then that one person would be charged the full bill for the olympic games... Use the Queen's MasterCard. Or Cookinlover's. I have the number.
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NoEnzLefttoSplit
Gender:
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Posted:
Nov 25, 2010 - 1:12am |
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geordiezimmerman wrote: I received the email yesterday but sadly, like most major sporting events in the UK pretty much only the rich can attend. This paragraph being the one that stood out the most.
Once tickets have been allocated and payment taken we will tell you whether or not your application has been successful, the amount you have been charged and for which of your chosen sessions you have been allocated tickets. If you are successful in all your session applications, you are committed to buying all the tickets.
To have a better chance of receiving tickets you have to apply for loads but the poor can't take the risk of applying for loads because they take all the money from you for all tickets applied for before they inform you where as the rich can just apply for as many as they like safe in the knowledge that money is not a problem. I don't see why they can't let you know before hand that you have been picked for tickets and would you like to buy them?
Isn't this illegal? Against the law of contract or something? I mean imagine only one person dared to buy a ticket under this scheme, then that one person would be charged the full bill for the olympic games...
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geordiezimmerman
Gender:
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Posted:
Nov 25, 2010 - 12:53am |
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MrsHobieJoe wrote: I received the email yesterday but sadly, like most major sporting events in the UK pretty much only the rich can attend. This paragraph being the one that stood out the most. Once tickets have been allocated and payment taken we will tell you whether or not your application has been successful, the amount you have been charged and for which of your chosen sessions you have been allocated tickets. If you are successful in all your session applications, you are committed to buying all the tickets.
To have a better chance of receiving tickets you have to apply for loads but the poor can't take the risk of applying for loads because they take all the money from you for all tickets applied for before they inform you where as the rich can just apply for as many as they like safe in the knowledge that money is not a problem. I don't see why they can't let you know before hand that you have been picked for tickets and would you like to buy them?
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MrsHobieJoe
Location: somewhere in Europe Gender:
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Posted:
Nov 24, 2010 - 11:12pm |
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For anyone who wants to attend you can register an interest in tickets now:
http://www.tickets.london2012.com/
The tickets actually go on sale next spring.
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