Taxing Gabby and Michael
Marco Rubio (R-FL) has introduced a bill he calls The Olympic Tax Elimination Act . The purpose of the act is to provide an income tax exemption for American athletes who win medals at the Olympic Games. Currently, these outstanding athletes are paid a stipend of $25,000 for a gold medal, $15,000 for a silver medal, and $10,000 for a bronze. That's a pretty good paycheck, unless one considers the thousands of hours in the gym, pool, or track that they put in. Except for the attention paid by people who are really devoted followers of sports like swimming, gymnastics, beach volleyball, air rifle, kayaking, and all the rest, these extremely skilled athletes labor in anonymity, striving for the opportunity to represent the nation once every four years. For most of them, one Olympic experience is all they are going to get. So from a patriotic standpoiont, what Marco Rubio proposes makes a lot of sense. Here is what Mr. Rubio says about his bill. "Our tax code is